Key Clarifications and Additional Disclosures

1. Clarification Regarding Consideration for Preferential Issue

With reference to Item No. 2 of the Special Business in the original notice, the company clarifies that the proposed preferential issue of up to 4,19,01,840 equity shares of face value ₹1 each at an issue price of ₹8.15 per equity share (aggregating to ₹34,15,00,000) is for consideration other than cash. The consideration shall be discharged by way of adjustment and set-off against the respective verified outstanding unsecured loan balances payable by the company to the proposed allottees. No fresh cash consideration will be received by the company pursuant to this conversion of outstanding unsecured loans.

2. Additional Shareholding Disclosure

Additional information regarding the pre-preferential shareholding of Madhav Power Private Limited is provided:

  • Madhav Power Private Limited holds 130,000 equity shares of the company prior to the proposed preferential issue, representing 0.05% of shareholding.

3. Updated Allottee Details

The corrigendum provides updated disclosure table for all proposed allottees:

| Allottee Name | Ultimate Beneficial Owners | Pre-Preferential Holding (Shares) | Pre-Preferential Holding (%) | No. of Equity Shares to be Allotted | Category | Allottee Type | Post-Preferential Holding (Shares) | Post-Preferential Holding (%) |

| Madhav (Phoolsagar Niwas Shahpura Corridor) Highways Private Limited | Mr. Amit Khurana & Mr. Ashok Khurana | 0 | 0 | 1,71,77,914 | Promoter Group | Non-QIB | 1,71,77,914 | 4.80 |

| Madhav (Sehora Silodi Corridor) Highways Private Limited | Mr. Amit Khurana & Mr. Ashok Khurana | 0 | 0 | 1,71,77,914 | Promoter Group | Non-QIB | 1,71,77,914 | 4.80 |

| Madhav Power Private Limited | Mr. Amit Khurana & Mr. Ashok Khurana | 130,000 | 0.05 | 50,23,558 | Promoter Group | Non-QIB | 51,53,558 | 1.44 |

| Infinity Infrabuild Limited | Mr. Amit Khurana & Mr. Ashok Khurana | 0 | 0 | 25,22,453 | Promoter Group | Non-QIB | 25,22,453 | 0.70 |

Effective Date and Implementation

The corrigendum was issued on October 22, 2026, and shall be read as an integral part of the original notice dated October 14, 2026. All other terms, conditions, disclosures and contents of the original notice remain unchanged and continue in full force and effect.

Voting Process

Members are requested to read this corrigendum together with the original notice before casting their votes through remote e-voting.

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