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.

Highway Infrastructure Limited (HIL), a prominent player in the infrastructure sector, has clinched a significant contract from the National Highways Authority of India (NHAI) for operations related to the Delhi-Vadodara Expressway spur. The company announced that it has received a Letter of Acceptance (LOA) for this project, valued at ₹18.97 crore.

Contract Details

The contract involves the operation of a 4-Lane Greenfield Expressway spur connecting the Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in the state of Rajasthan. This project will be executed under the Hybrid Annuity Mode, a public-private partnership model that has gained traction in recent years for infrastructure development.

Scope of Work

As per the announcement, HIL's responsibilities will include:

1. Engagement in user fee collection for the expressway spur
2. Upkeep and maintenance of adjacent toilet blocks, including replenishing consumable items

The contract stipulates a 90-day timeframe for execution, highlighting the urgency and importance of the project.

Financial Implications

The total value of the contract stands at ₹18.97 crore (Eighteen Crores Ninety-Seven Lakhs only). This substantial amount underscores the scale and significance of the project for both HIL and the development of the Delhi-Vadodara Expressway corridor.

Company's Growth Trajectory

This latest contract win comes on the heels of another significant award received by Highway Infrastructure Limited. Just a day earlier, the company secured a contract for the operation of the Muzaina Hetim Fee Plaza in Uttar Pradesh, valued at ₹69.78 crore. These back-to-back contract wins demonstrate HIL's strong position in the infrastructure sector and its ability to secure major projects from NHAI.

Market Impact

The announcement of these contracts is likely to have a positive impact on investor sentiment towards Highway Infrastructure Limited.

Conclusion

As India continues to focus on expanding and improving its highway network, companies like Highway Infrastructure Limited play a crucial role in the operation and maintenance of these vital infrastructure projects. The recent contract wins not only boost HIL's order book but also contribute to the broader goal of enhancing India's road infrastructure, particularly in the strategically important Delhi-Vadodara corridor.