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The proposal for a preferential allotment of 1,06,00,000 equity shares to prospective investors by Sai Maatarini Tollways Limited (SMTL) has been withdrawn. This decision will result in a change in SMTL's status from a wholly-owned subsidiary to an associate company for Gayatri Highways Limited. The withdrawal of this allotment could impact the company’s equity holding percentage and strategic alignment with SMTL moving forward. Investors should watch closely as this development may influence the company's operational strategies and potential growth opportunities in the tollway sector.