Gayatri Highways Limited — Important, 27-02-2025: General Updates

The National Company Law Tribunal (NCLT) has appointed a liquidator for Gayatri Highways' subsidiary, Indore Dewas Tollways Limited (IDTL). This decision comes in light of an application filed by Union Bank of India regarding a default amount of approximately ₹194.25 crore. With the initiation of liquidation, the powers of the Board of Directors and key managerial personnel have ceased, and legal proceedings against IDTL are halted. The step represents a significant operational change, which could impact Gayatri Highways' financial health. Investors should monitor the situation closely, as the liquidation process may affect overall business prospects and cash flow.