Gayatri Highways Limited — Important, 30-11-2024: Disclosure of material issue

The Board of Directors of Gayatri Highways Limited has approved key decisions impacting the company's structure and operations. Notably, a Related Party Transaction with HKR Roadways Limited has been sanctioned for up to ₹15 Crores, primarily for project management related to operations and maintenance expenses, pending shareholder approval. Additionally, the board agreed to relinquish all rights associated with its equity shares in Sai Maatarini Tollways Limited, thereby ceasing its status as a subsidiary, which is also subject to shareholder consent. A postal ballot notice has been approved to seek shareholder consent for these actions. These developments could signal a strategic shift in focus for the company, suggesting a positive outlook as it streamlines operations and financial management.