Highway Infrastructure Limited has announced a significant contract extension from the National Highways Authority of India (NHAI) for its toll collection operations in Rajasthan. The company received formal notification on December 10, extending its engagement for user fee collection on the 4-Lane Greenfield Expressway spur from Delhi-Vadodara Greenfield expressway.

Contract Extension Details

The NHAI has extended the original 90-day contract period by one additional month, demonstrating confidence in the company's operational capabilities. This extension follows the company's previous intimations regarding the commencement of operations on this strategic highway project.

Management Commentary

Speaking on the development, Mr. Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, stated: "This extension reflects our strong execution capabilities and further strengthens our toll operations portfolio. With emerging opportunities across the tolling ecosystem, we remain focused on expanding our presence across national corridors."

Jain highlighted the company's recent achievements, noting: "Recently, we secured the largest-ever single work contract of ₹328.77 crores, and with this additional one-month contract extension valued at ₹6.18 crores, our Tollways collection order book continues to grow both in scale and depth."

Scope of Operations

The contract encompasses comprehensive toll collection and maintenance services for the expressway infrastructure. Highway Infrastructure Limited's responsibilities under this engagement include:

• User fee collection operations at the designated Fee Plaza
• Upkeep and maintenance of adjacent toilet blocks
• Recouping of consumable items for facility maintenance
• Overall operational management of the 4-Lane Greenfield Expressway spur

Company Profile

Incorporated in 2006, Highway Infrastructure Limited is a leading infrastructure development and management company with diversified operations across tollways collection, EPC projects, and real estate. The company operates in 11 states and 1 Union Territory, leveraging advanced technology for efficient toll operations and high-quality project execution.

Regulatory Compliance

Highway Infrastructure Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this contract does not involve any related party transactions and maintains arm's length dealings with NHAI, a domestic entity.

The contract extension reinforces Highway Infrastructure Limited's position in the toll collection and highway maintenance sector, providing continued revenue visibility for the company's operations in Rajasthan's expanding highway network.

Highway Infrastructure Limited has announced a postal ballot seeking shareholder approval for the appointment of Mr. Vinayak Parkhi as Non-Executive Independent Director. The company issued the notice on December 10, 2025, following the Board's decision to appoint Mr. Parkhi as Additional Director on November 6, 2025.

Director Appointment Details

The postal ballot seeks approval for Mr. Vinayak Parkhi's appointment through a Special Resolution. Key details of the proposed appointment include:

Mr. Parkhi meets the independence criteria under Section 149(6) of the Companies Act, 2013 and SEBI Listing Regulations. The company has received his declaration of independence and confirmation that he is not debarred from holding directorship by any statutory authority.

E-Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facility to shareholders. The voting process follows these parameters:

Only shareholders whose names appear in the register of members or beneficial owners as on the cut-off date will be eligible to participate in the e-voting process. Voting rights will be proportionate to shareholding in the paid-up equity share capital.

Regulatory Compliance

The postal ballot notice has been issued in compliance with multiple regulatory requirements:

• Section 110 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• Various MCA circulars including General Circular No. 03/2025 dated September 22, 2025

In accordance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories.

Director Profile and Expertise

Mr. Vinayak Parkhi brings significant financial and banking expertise to Highway Infrastructure Limited's board. As a Chartered Accountant and former Senior Vice-President of HDFC Bank, his knowledge in taxation and finance management is expected to contribute substantially to the company's strategic direction.

The Nomination and Remuneration Committee evaluated Mr. Parkhi's skills, experience, and knowledge before recommending his appointment to the Board of Directors. The company has received a notice under Section 160 of the Companies Act from a member proposing his candidature for the office of Independent Director.

Document Availability

The postal ballot notice and related documents are available on multiple platforms for shareholder access:

• Company website: www.highwayinfrastructure.in
• BSE website: www.bseindia.com
• NSE website: www.nseindia.com
• CDSL e-voting portal: https://www.evotingindia.com

Shareholders can inspect relevant documents electronically by sending requests to cs@highwayinfrastructure.in with their folio number or demat account details. The resolution, if approved, will be deemed passed on the last date of e-voting, January 11, 2026.