Highway Infrastructure Approves Rs 49.82 Crore Promoter Warrant Issue

Board approved hike in authorised capital to Rs50Cr, preferential issue of up to 1Cr warrants at Rs49.82 to promoters for Rs49.82Cr, and 51% stake in Indore Highway Real Estates for Rs39L cash. First promoter equity infusion since listing to fund toll scale-up; 25% upfront, 18-month conversion, subject to EGM approval. Target is tiny related-party infra arm with nil turnover. Adds dilution overhang plus headroom via higher capital; pricing, use of proceeds and target rationale undisclosed; related-party sellers and one-month timeline in focus.