Date: 28 August, 2026

Acquisition Details

Target Entity: HKR Roadways Limited

Type of Deal: Acquisition of minority stake (23%) from existing shareholder

Stake/Capacity: 10,67,729 fully paid-up equity shares of face value of ₹10 each representing 23.00% of Equity Share Capital

Deal Value: Not disclosed (consideration to be decided at time of consummation of Securities Purchase Agreement)

Funding Source: Cash consideration

Financial Impact: Not specifically disclosed for Gayatri Highways. Target company HKR Roadways reported total revenue of ₹26.40 crore in FY 2024-25, ₹24.57 crore in FY 2023-24, and ₹22.53 crore in FY 2022-23.

Timeline: Originally expected completion by 30 June 2026 (disclosed 12 February 2026), revised to 30 September 2026 (disclosed 23 June 2026), actually completed on 27 August 2026

Strategic Rationale: As Gayatri Highways Limited is engaged in infrastructure industry, the investment in Target Company would be very beneficial for the future growth prospects. The acquisition aligns with the company's core business of road infrastructure.

Approval Status: Completed successfully on 27 August 2026. Approval obtained from Roads & Buildings Department, Government of Telangana.

Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30 and Schedule III; SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026

Target Company Details

Business Description: HKR Roadways Limited was incorporated with the business of four laning of Hyderabad-Karimnagar-Ramagundam Road (SH-1) from Km 282.00 to Km 235.058 in the state of Andhra Pradesh under Public Private Partnership (PPP) as Build, Operate and Transfer (BOT) basis to collect toll, charges and fees from the users of the said project.

Date of Incorporation: 09 August, 2010

Country of Operation: India

Revenue History:

  • FY 2024-25: ₹26,40,261 lakhs
  • FY 2023-24: ₹24,57,830 lakhs
  • FY 2022-23: ₹22,53,975 lakhs

Transaction Structure

Consideration Type: Cash consideration

Related Party Status: The acquisition does not fall within related party transactions. The promoter/promoter group/group companies have no interest in the Target Company.

Industry Classification: Infrastructure Industry