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.

Highway Infrastructure Limited has announced the receipt of a Letter of Award (LOA) worth ₹329 crores, marking a significant development for the construction sector company. This contract award represents a substantial addition to the company's project portfolio and demonstrates its competitive positioning in the infrastructure development market.

Contract Details

The following table summarizes the key details of the awarded contract:

Business Impact

This LOA represents a notable contract win for Highway Infrastructure Limited, which operates in the construction sector. The ₹329 crore value indicates the substantial scale of the infrastructure project that the company will be undertaking. Such contract awards are crucial for construction companies as they provide revenue visibility and demonstrate the company's capability to secure significant projects in the competitive infrastructure development market.

Company Profile

Highway Infrastructure Limited is a construction sector company that specializes in infrastructure development projects. The company operates in the small-cap segment of the Indian equity market and focuses on various construction and infrastructure-related activities. This latest contract award reinforces the company's presence in the infrastructure development space.

Market Significance

The receipt of this LOA highlights the ongoing opportunities in India's infrastructure sector. For Highway Infrastructure Limited, securing contracts of this magnitude demonstrates its operational capabilities and market positioning. The ₹329 crore contract value represents a significant business development that could contribute to the company's future revenue streams and project execution portfolio.