IRB Infrastructure Approves Postal Ballot for Extension of Project Agreements with 12 SPVs
IRB Infrastructure Developers Ltd announced that its Board of Directors had approved a Postal Ballot notice to seek member approval regarding material related party transactions. The resolution pertains to the extension of existing agreements involving operation and maintenance O&M works and project management services provided by the company.The transaction involves IRB Infrastructure Developers providing these services in relation to 12 Project SPVs under IRB Infrastructure Trust.
The Board meeting held on July 2, 2026 approved the necessary steps for conducting the Postal Ballot. The proposed resolution aims to secure member approval for the material related party transactions concerning the extension of project implementation agreements with the aforementioned 12 Project SPVs of IRB Infrastructure Trust.
IRB Stock Price Movement
Today, IRB Infrastructure Developers Limited shares edged higher through the close, gaining 0.7% to settle at ₹21.42. The stock traded with a volume of 11.65 million shares during the trading day.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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