Board meeting on 14 October 2026 to consider increase in Authorised Share Capital and fund raising

Highway Infrastructure has informed the exchanges that its Board will meet on Wednesday, 14 October 2026 at 08:00 P.M. 📅.

Fri 9 Oct 2026

Board Meeting Date

Wednesday, 14 October 2026

Board Meeting Time

08:00 P.M.

Agenda

Increase in Authorised Share Capital, fund raising via equity shares, convertible bonds, debentures, warrants, preference shares or other…

What the company has informed

The company has given prior intimation that a meeting of its Board of Directors is scheduled to be held on Wednesday, 14 October 2026 at 08:00 P.M.

The meeting will consider and approve, among other things, proposals on increasing the Authorised Share Capital of the company and on raising funds.

What the Board will consider

• A proposal for increasing the Authorised Share Capital of the company.
• A proposal for raising funds by way of means permissible under applicable laws, such as equity shares, convertible bonds, debentures, warrants, preference shares, any other equity-linked securities, and/or any other securities.
• The fund raising could be through a preferential issue on a private placement basis, a qualified institutional placement, a rights issue, or any other methods or combinations of them.
• Ancillary actions needed for the fund raising may also be approved.
• Seeking the approval of shareholders for the fund raising, as may be required.

Understanding the terms

• Authorised Share Capital is the ceiling on how much share capital a company can issue. A company cannot issue shares beyond this limit, so an increase in this ceiling is usually a step taken when fresh capital is to be raised. The increase itself requires shareholder approval.
• Fund raising means the company is looking at bringing in fresh money. The intended amount, the price and the final structure are matters the Board will consider at the meeting.
• A rights issue offers existing shareholders the chance to subscribe, usually in proportion to their holding.
• A preferential issue on a private placement basis or a qualified institutional placement involves issuing securities to select investors or institutions.
• Convertible bonds, debentures, warrants and preference shares are instruments that can convert into equity shares at a later date.

Why shareholders may want to track this

• If fresh equity shares are issued, the existing shareholding gets spread over a larger number of shares. This is dilution, and how much it affects a holder depends on the amount raised and the price at which it is raised.
• A rights issue lets existing shareholders participate, which can offset dilution for those who subscribe.
• Conversion of bonds, debentures, warrants or preference shares into equity can change the share count in the future.
• Money raised can be used for growth, repayment of debt or working capital needs, which can support the business over time.
• The company has stated that the fund raising would be subject to regulatory and statutory approvals, including the approval of shareholders, as may be required.

Where things stand

• This is a prior intimation of a Board meeting. The Board will consider and approve the proposals at the meeting.
• The subject line describes the intimation as being given under Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What to look for next

• The outcome of the Board meeting scheduled for 14 October 2026.
• The authorised share capital increase and the resulting change in the company's capital structure.
• The route chosen for raising funds, and whether it takes the form of a rights issue, a preferential issue, a qualified institutional placement or another instrument.
• Any shareholder approval sought for these proposals.

In short, this is a notice of a meeting at which capital-related proposals will be considered. It sets the stage for decisions rather than reporting decisions already taken.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.