Gayatri Highways Ltd

Gayatri Highways Ltd

Gayatri Highways Ltd (GHL) provided an update on the sale of its 49% stake in associate company HKR Roadways Limited, stemming from a Securities Purchase Agreement dated February 12, 2026. The transaction is now slated for completion on or before September 30, 2026, contingent on HKR fulfilling specific conditions. GHL expects to receive approximately INR 200 Crores from the sale, with an additional estimated INR 48 Crores subject to Wholesale Price Index related contingent events. HKR contributed a minor 0.63% to GHL's net profit in FY2024-25. The buyer, Cube Highways and Infrastructure V PIE. Limited, is not a related party.

Gayatri Highways Ltd

Gayatri Highways Ltd (GHL) has announced an update regarding its previously disclosed acquisition of 23.00% equity shares in HKR Roadways Limited from Kotak Special Situations Fund. The indicative completion timeline for this acquisition has been extended from June 30, 2026, to on or before September 30, 2026. This extension is necessary for HKR Roadways Limited to comply with certain conditions outlined in the Securities Purchase Agreement. All other terms of the acquisition, which GHL expects to be beneficial for its future growth in the infrastructure industry, remain unchanged.