Board meeting to consider fund raising and increase in authorised share capital

Board meeting scheduled on Thursday, 08th September, 2026 at 02:00 P.M.

Mon 5 Oct 2026

Board Meeting Date

Thursday, 08th September, 2026 at 02:00 P.M.

Agenda - Authorised Share Capital

The Board will consider a proposal to increase the Authorised Share Capital of the company.

Agenda - Fund Raising Instruments

equity shares, convertible bonds, debentures, warrants, preference shares or other equity-linked securities

Fund Raising Routes Named

preferential issue on a private placement basis, qualified institutional placement, rights issue, or any other method or combination

Shareholder Approval

It will also consider seeking shareholders' approval for the fund raising, as may be required.

What the company has intimated

Highway Infrastructure Limited has given prior intimation of a meeting of its Board of Directors, scheduled to be held on Thursday, 08th September, 2026 at 02:00 P.M.

The meeting is to consider and approve, among other things, the items set out below.

Agenda items in the update

• To consider the proposal for increasing the Authorised Share Capital of the Company.
• To consider and evaluate raising funds by way of means permissible under applicable laws, such as issue of equity shares, convertible bonds, debentures, warrants, preference shares or any other equity-linked securities, and/or any other securities.
• The routes named for such a fund raise are a preferential issue on a private placement basis, a qualified institutional placement, a rights issue, or any other methods or combinations of them.
• To consider seeking the approval of the shareholders of the Company in respect of the fund raising proposal, as may be required.
• Any other matter, with the permission of the Chairman.

Two terms, explained simply

Authorised Share Capital is the ceiling on how many shares a company can issue. A company cannot issue shares beyond that ceiling unless it is raised first. The update states the Board will consider a proposal to increase this ceiling.

Fund raising means bringing in money by issuing securities. The update lists several instruments and several routes, and states that any such move would be subject to regulatory and statutory approvals as may be required, including the approval of the shareholders of the Company.

What a retail investor may track

• The update places these matters at the consideration and evaluation stage before the Board.
• If equity shares or convertible securities are issued, the total number of shares in issue can rise, which can change the percentage holding of existing shareholders. How much would depend on the terms finally decided.
• The update states that shareholder approval, as may be required, would also be considered.

Perception

The intimation tells the market that the company is examining both a larger share-issuing ceiling and options to raise funds. How this is finally received would depend on the terms that are eventually decided and disclosed.

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