Meeting Details

  • Date: Friday, November 13, 2026
  • Time: 03:00 P.M. (IST)
  • Mode: Video Conferencing & Other Audio-Visual Means
  • Type: Extra-Ordinary General Meeting

Proposed Resolutions and Implications

The EGM seeks member approval for a preferential issue of convertible warrants to promoter and promoter group entities. The key amendments include:

Fund Utilization Details (Item No. 2, Point 1)

The company provided a detailed breakdown of how the ₹49.82 crore proceeds will be utilized for the proposed 4-star hotel at Beverly Plaza and existing commercial real estate business:

  • Building civil works: ₹39.86 crore (80%)
  • Interior Building Facade: ₹1.00 crore (2%)
  • Landscaping and external developments: ₹1.00 crore (2%)
  • Furniture, Fixtures and Equipment: ₹0.50 crore (1%)
  • Other identifiable business-related expenses: ₹7.47 crore (15%)

The project implementation timeline is within 2 years from the date of raising funds. All requisite regulatory approvals including Town and Country Planning Certificate, Colony Development Permission, Completion certificate for colony development, and Building Permit have been obtained.

Warrant Issue Details (Item No. 2, Point 2)

  • Maximum number of convertible warrants: 1,00,00,000 (One Crore)
  • Each warrant carries right to subscribe to one equity share of face value ₹5 each
  • Post-issue fully diluted share capital: 8,17,20,632 equity shares
  • Proposed issue represents 12.24% of post-issue fully diluted share capital
  • No outstanding warrants or ESOPs as of the date of corrigendum

Revised Allottee Details (Item No. 2, Point 7)

| Proposed Allottee | Category | Pre-Issue Holding | Pre-Issue % | Warrants | Post-Issue Holding | Post-Issue % | UBO/Controller |

| Anoop Agrawal | Promoter | 1,92,05,702 | 26.78% | 45,00,000 | 2,37,05,702 | 29.01% | Individual himself |

| Riddharth Jain | Promoter | 53,22,264 | 7.42% | 50,00,000 | 1,03,22,264 | 12.63% | Individual himself |

| Tirth Agrawal | Promoter Group | – | – | 5,00,000 | 5,00,000 | 0.61% | Individual himself |

Pricing and Valuation (Item No. 2, Point 15)

  • Relevant Date for floor price determination: 14 October 2026
  • NSE considered as recognized stock exchange due to highest trading volume
  • 90-day VWAP (5 June 2026 to 13 October 2026): ₹47.09 per equity share
  • 10-day VWAP (29 September 2026 to 13 October 2026): ₹49.07 per equity share
  • Floor price under Regulation 164(1): ₹49.07 per equity share (higher of two VWAPs)
  • Issue price: ₹49.82 per convertible warrant
  • Valuation report obtained from Flookup Valuation Private Limited (IBBI Registration No. IBBI/RV-E/06/2026/242)

Compliance and Documentation

  • Certificate from M/s. M. Maheshwari & Associates, Practising Company Secretaries available on company website
  • Updated valuation report dated 30th October, 2026 available on company website
  • Compliance with SEBI ICDR Regulations, particularly Regulations 164(1) and 166A
  • Compliance with Article 14(1)(c) of Articles of Association

Signatories and Roles

  • Palak Rathore, Company Secretary & Compliance Officer (Membership No. A73755) signed the document
  • The corrigendum was digitally signed on 30th October, 2026 at 18:10:20 +05'30'

Additional Information

  • The corrigendum forms an integral part of the original EGM Notice dated 14 October 2026
  • All other terms and contents of the original EGM Notice remain unchanged
  • The corrigendum is available on the company's website www.highwayinfrastructure.in