Date: June 22, 2026
Subsidiary Incorporation Details
PNC Infratech Limited has incorporated a wholly-owned subsidiary company named 'BARABANKI MUSTAFABAD HIGHWAY PRIVATE LIMITED' (CIN: U42101DL2026PTC467540) as a Special Purpose Vehicle (SPV). The Certificate of Incorporation was received on June 21, 2026, with the incorporation date being June 17, 2026.
Project Details
The SPV was incorporated to implement a Highway Project awarded by National Highways Authority of India (NHAI). The specific project is: "Construction of 4 Lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030 (Existing Chainage Km 0.000 to Chainage Km 43.700) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH (O) Scheme (Package-I)."
Financial Structure
- Authorized capital: ₹15,00,000 (1,50,000 Equity shares of ₹10 each)
- Subscribed and paid-up capital: ₹10,00,000 (1,00,000 Equity shares of ₹10 each)
- Turnover: Not applicable (yet to commence business operations)
Ownership and Acquisition Details
- Percentage of shareholding: 100%
- Acquisition method: The Company along with its wholly-owned subsidiary PNC Infra Holdings Limited subscribed to equity shares
- Number of shares acquired: 1,00,000 equity shares of ₹10 each
- Total consideration: ₹10,00,000
- Nature of consideration: Cash consideration at face value of ₹10 per share
- Time period for completion: Not applicable