Highway Infrastructure Limited Board Approves Reappointments of Managing Director and Whole-Time Director
The Board of Directors of Highway Infrastructure Limited made several key decisions in a meeting held on Saturday, June 06, 2026. The company approved the alteration of its Articles of Association (AOA) and confirmed the reappointment of two senior executives: Mr. Arun Kumar Jain as Managing Director and Mr. Anoop Agrawal as Whole-Time Director.Both appointments are subject to the approval of the company's shareholders.
The Board meeting focused on several operational and structural changes. The alteration to the Articles of Association specifically concerns Clause 154A, which dictates the waiver of the right to receive interim or final dividends. This amendment is intended to enable shareholders to voluntarily waive their dividend entitlement in accordance with applicable laws.
Key Executive Appointments and Profiles
The company reappointed two directors for a further term of three years, effective from May 5, 2026. The management team includes Mr. Arun Kumar Jain, who holds the position of Managing Director and Promoter, and Mr. Anoop Agrawal, serving as the Whole-Time Director and Chief Financial Officer (CFO) and Promoter.A summary of the key appointments and profiles is provided below:
| Executive | Designation | Tenure | Key Profile Details |
|---|---|---|---|
| Mr. Arun Kumar Jain | Managing Director & Promoter | Three years from May 5, 2026 | Age 56; Holds a Diploma in Textile Technology. Possesses over 31 years of experience in the infrastructure sector and has held leadership roles in industry associations such as CREDAI. He is the father of Mr. Riddharth Jain, the Company’s Director & Chief Executive Officer. |
| Mr. Anoop Agrawal | Whole-Time Director & CFO & Promoter | Three years from May 5, 2026 | Age 46; Has over 22 years of experience in the infrastructure industry and has been associated with the company since 2006. His role involves project execution, business development, opportunity identification, and coordinating with governmental authorities. |
The Board decisions also encompassed the alteration to the Articles of Association (AOA), specifically addressing the process by which members may waive their right to receive interim or final dividends if they hold equity shares in the company.
HILINFRA Stock Price Movement
Highway Infrastructure Limited shareholders saw the stock gain by 0.25% on Friday, closing out the trading session at ₹47.28. The equity traded within a tight intraday range, finding support at a low of ₹47.10 and peaking at ₹48.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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