Corrigendum for the EGM Notice

HIGHWAY INFRASTRUCTURE LIMITED CIN: L42909MP2006PLC018398 REG. OFFICE ADDRESS: 57-FA, SCHEME NO. 94, PIPLIYAHANA JUNCTION, RING ROAD, INDORE, (M.P.) – 452016, INDIA Tel: +91-731-2590013, 4047177 E-Mail: hiplindore@gmail.com, Visit us at: www.highwayinfrastructure.in 30th October, 2026 To, To, The Secretary, The Secretary, Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Ltd. P. J. Towers, Dalal Street Exchange Plaza, BKC, Bandra (E) M umbai- MH 400001. M umbai - MH 400051. Scrip Symbol: HILINFRA | Scrip Code: 544477 | ISIN: INE00RL01028 Subject: Corrigendum to Notice of Extra-Ordinary General Meeting (EGM No. 01/2026-2027) of the Company Dear Sir/Madam, This is with reference to the Notice of Extra-Ordinary General Meeting (EGM No. 01/2026-2027) of the Company scheduled to be held on Friday, November 13, 2026, at 03:00 P.M. (IST) through video conferencing & other audio-visual means for the purpose of seeking members approval on a resolution as set out in the said notice of EGM which was already emailed to the shareholders of the company. A corrigendum is being issued to inform the shareholders/ beneficial owners of the Company regarding additions/amendments being made to Explanatory Statement consequent to the instructions of the NSE/BSE. Copy of detailed corrigendum is being enclosed herewith. Except as detailed in attached corrigendum, all other terms and contents of the Notice of EGM shall remain unchanged. The Corrigendum to the notice is also being placed on Company’s website www.highwayinfrastructure.in. You are requested to take above information record. Thanking You, For Highway Infrastructure Limited Palak Rathore Company Secretary & Compliance Officer Membership No. – A-73755 Encl: As above. HIGHWAY INFRASTRUCTURE LIMITED CIN: L42909MP2006PLC018398 REG. OFFICE ADDRESS: 57-FA, SCHEME NO. 94, PIPLIYAHANA JUNCTION, RING ROAD, INDORE, (M.P.) – 452016, INDIA Tel: +91-731-2590013, 4047177 E-Mail: hiplindore@gmail.com, Visit us at: www.highwayinfrastructure.in CORRIGENDUM I TO THE NOTICE OF EXTRAORDINARY GENERAL MEETING This Corrigendum I is being issued by Highway Infrastructure Limited (the “Company”) in connection with the Notice of the Extraordinary General Meeting (“EGM”) of the Members of the Company scheduled to be held on 13th November 2026 at 03:00 P.M. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”). This Corrigendum I shall be read in conjunction with the Notice of the EGM dated 14 October 2026 which was dispatched to the Members on 21st October 2026 and is available on the websites of the Company, BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). This Corrigendum I is being issued to amend and supplement certain disclosures in the Explanatory Statement to Item No. 2 of the original EGM Notice, pursuant to observations received from the Stock Exchanges and in accordance with applicable law. The amendments and additional disclosures set out herein shall form an integral part of the original EGM Notice. Save and except for the amendments and additional disclosures set out herein, all other terms and contents of the original EGM Notice shall remain unchanged. 1. IN THE EXPLANATORY STATEMENT OF THE SAID NOTICE OF EOGM, POINT 1 (OBJECT OF THE ISSUE) OF ITEM NO. 2 OF THE NOTICE OF EGM IS AMENDED AND TO BE READ AS UNDER: Particulars of the Object Amount (Rs.) Percentage of Issue in Cr (a pprox) Proceeds To finance expenditure directly attributable to the Company's hospitality proposed 4 star Hotel at Beverly Plaza and existing commercial real estate business which includes Building civil works 39.86 80 Interior Building Facade 1.00 2 Landscaping and external developments 1.00 2 Furniture, Fixtures and Equipment’s 0.50 1 other identifiable business-related expenses 7.47 15 Total proceeds proposed to be utilised 49.82 100% The proposed 4-star Hotel at Beverly Plaza will be implemented within 2 years from the date of raising fund. The funds raised will be utilized in a planned and systematic manner to facilitate the timely execution of all phases of the project, including design, construction, interior development, procurement of equipment, recruitment, and commencement of hotel operations. All requisite regulatory approvals and permissions for the development and construction of the proposed four-star hotel at Beverly Plaza have been obtained from the competent authorities. These include the Town and Country Planning Certificate, Colony Development Permission, Completion certificate for colony development and Building Permit issued by the Gram Panchayat. Accordingly, the project has secured the necessary approvals for proceeding with the proposed development and construction. HIGHWAY INFRASTRUCTURE LIMITED CIN: L42909MP2006PLC018398 REG. OFFICE ADDRESS: 57-FA, SCHEME NO. 94, PIPLIYAHANA JUNCTION, RING ROAD, INDORE, (M.P.) – 452016, INDIA Tel: +91-731-2590013, 4047177 E-Mail: hiplindore@gmail.com, Visit us at: www.highwayinfrastructure.in Interim Use of Issue Proceeds Pending their utilisation towards the objects specified above, the unutilised proceeds shall be temporarily invested in permitted instruments in accordance with applicable laws. The Company proposes to utilise the proceeds towards the stated objects within two years from the date of raising the funds. The Company does not propose any separate alternative end-use of the proceeds after the expiry of the aforesaid period. 2. IN THE EXPLANATORY STATEMENT OF THE SAID NOTICE OF EGM, POINT 2 (MAXIMUM NUMBER OF SPECIFIED SECURITIES TO BE ISSUED) OF ITEM NO. 2 OF THE NOTICE OF EGM SHALL BE AMENDED AND TO BE READ AS UNDER IN ADDITION TO THE DETAILS ALREADY MENTIONED THEREIN In the Explanatory Statement to Item No. 2 of the Notice of the EGM, Point No. 2, titled “Maximum Number of Specified Securities to be Issued,” shall be deleted and replaced with the following: The Board of Directors, at its meeting held on 14 October 2026, approved the issue of Convertible Warrants, subject to the approval of the Members, and accordingly proposes to issue and allot, on a preferential basis, up to 1,00,00,000 (One Crore) Convertible Warrants to the proposed allottees belonging to the Promoter and Promoter Group, in compliance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). Each Warrant shall carry a right to subscribe to one (1) Equity Share of the Company having a face value of Rs.5/- each, subject to the terms and conditions of the issue and applicable regulatory requirements. Upon full conversion of the aforesaid Warrants, the Company shall issue and allot up to 1,00,00,000 Equity Shares, resulting in a post-issue fully diluted share capital of 8,17,20,632 Equity Shares. Accordingly, the proposed issue of 1,00,00,000 Convertible Warrants represents approximately 12.24% of the post-issue fully diluted share capital of the Company, assuming full conversion of the Warrants. As on the date of this Corrigendum, the Company has no outstanding warrants or employee stock options (ESOPs) that are required to be considered for determining the post-issue fully diluted share capital of the Company. 3. In the Explanatory Statement of the said Notice of EGM, point 7 (the name of the proposed allottees, the identities of the persons who are the ultimate beneficial owners of the shares and/or who ultimately control the proposed allottees, the percentage of post preferential issue capital that may be held by them) of Item no. 2 of the Notice of EGM shall be amended and to be read as under in addition to the details already mentioned therein: In point 7 of the Explanatory Statement to Item No. 2 of the EGM Notice, the existing table under the heading “The name of the proposed allottees, the identities of the persons who are the ultimate beneficial owners of the shares and/or who ultimately control the proposed allottees, and the [Showing first 8,000 characters — download PDF for full document]