Highway Infrastructure Limited (HIL) has announced a significant development in its operations, securing a contract worth Rs. 69.78 crore from the National Highways Authority of India (NHAI). The agreement grants HIL the rights to operate the Muzaina Hetim Toll Plaza in Uttar Pradesh, marking a notable expansion in the company's toll collection portfolio.

Contract Details

The contract, valued at Rs. 69,77,77,777 (Rupees Sixty-Nine Crores Seventy-Seven Lakhs Seventy-Seven Thousand Seven Hundred Seventy-Seven), involves the engagement of user fee collection at the Muzaina Hetim fee plaza. The toll plaza is strategically located at Km 361.902 of the Gorakhpur – Kasia – UP/Bihar Border section of NH-28 in the state of Uttar Pradesh.

Scope of Work

Under the terms of the agreement, Highway Infrastructure Limited's responsibilities include:

1. Operating the toll collection facility at the Muzaina Hetim fee plaza
2. Upkeep and maintenance of adjacent toilet blocks
3. Replenishing consumable items related to the facility

Contract Duration and Commencement

The contract is set for a duration of 365 days. According to the company's filing, HIL is scheduled to take over the operations of the Fee Plaza on October 18, 2025.

Corporate Disclosure

In compliance with regulatory requirements, Highway Infrastructure Limited made this announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Statement

Palak Rathore, Company Secretary & Compliance Officer of Highway Infrastructure Limited, signed off on the regulatory filing, ensuring transparency and timely communication with the company's stakeholders.

This contract represents a significant opportunity for Highway Infrastructure Limited to strengthen its position in the infrastructure sector, particularly in toll plaza operations. The agreement not only adds to the company's revenue stream but also expands its operational footprint in Uttar Pradesh, one of India's most populous states.

Highway Infrastructure Limited announced a significant leadership change as Chief Executive Officer Ankit Tandon tendered his resignation, effective from the close of business hours on September 5, 2025. The company, which specializes in infrastructure development, disclosed this information in a regulatory filing to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Resignation Details

According to the company's statement, Tandon's decision to step down stems from his desire to "pursue his entrepreneurial journey." This move marks a notable shift in the top management of the Indore-based infrastructure firm.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. Highway Infrastructure Limited provided the necessary details as mandated by SEBI Master Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155 dated November 11, 2024.

Company Response

Palak Rathore, the Company Secretary & Compliance Officer of Highway Infrastructure Limited, signed the official communication to the stock exchanges. The company has enclosed a copy of Tandon's resignation letter as part of its regulatory filing.

About Highway Infrastructure Limited

Highway Infrastructure Limited, with its registered office in Indore, Madhya Pradesh, is engaged in the infrastructure sector.

As the company prepares for this transition in leadership, stakeholders will be keenly watching for any announcements regarding Tandon's successor and the potential impact on the company's strategic direction.