Highway Infrastructure Limited Passes Key Resolutions via E-Voting
Highway Infrastructure Limited successfully passed three resolutions put before its members during a Postal Ballot conducted through remote e-voting. The company announced the outcomes, along with the Scrutinizer's Report, confirming that the resolutions were duly approved by members with requisite majority following the voting period which concluded on July 13, 2026.The e-voting process commenced on June 14, 2026, and concluded on July 13, 2026. The Postal Ballot sought approval for three key items: the insertion of a specific article into the Articles of Association, and the re-appointment of two senior executives.
The resolutions that were passed included:
- A Special Resolution concerning the waiver of the right to receive dividends in the company's Articles of Association.
- An Ordinary Resolution regarding the re-appointment of Mr. Arun Kumar Jain as Managing Director for a further term of three years.
- An Ordinary Resolution regarding the re-appointment of Mr. Anoop Agrawal as Whole-Time Director for a further term of three years.
Voting Results Summary
The outcomes of the voting, determined by the Scrutinizer's Report, showed near unanimous approval across all resolutions amongst those votes polled. The company reported 59,261 equity shareholders on the cut-off date as related to this process.Key statistics and results for the three resolutions are summarized below:
| Resolution Topic | Type of Resolution | Total Votes Polled | Votes in Favour (In no.) | Votes in Favour (%) | Votes Against (In no.) |
|---|---|---|---|---|---|
| Insertion of Article 154a (Dividend Waiver) | Special Resolution | 53,200,541 | 53,181,078 | 99.96% | 19,463 |
| Re-appointment of Mr. Arun Kumar Jain (MD) | Ordinary Resolution | 53,200,541 | 53,198,926 | 100% | 1,615 |
| Re-appointment of Mr. Anoop Agrawal (WTD) | Ordinary Resolution | 53,200,541 | 53,198,770 | 100% | 1,771 |
Corporate Appointments Confirmed
The results confirmed the successful re-appointment of Mr. Arun Kumar Jain as Managing Director and Mr. Anoop Agrawal as Whole-Time Director for an additional three-year term each. Both appointments were ratified via Ordinary Resolution through the e-voting mechanism.The Scrutinizer's Report confirmed that all resolutions received requisite majority of votes, allowing the results to be declared by the Chairperson.
HILINFRA Stock Price Movement
Edging steadily higher as of 12:41 PM, shares of Highway Infrastructure Limited trade at ₹45.45, having gained 0.78% in the live market. The company has seen a total traded volume of 13,502 shares so far today.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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