Gayatri Highways Limited — Important, 26-11-2024: General Updates

The Board of Directors has proposed the transfer of 25 equity shares, each with a face value of Rs. 10, in Sai Maatarini Tollways Limited (SMTL), which is a wholly-owned subsidiary. This transfer represents 0.00025% of SMTL's paid-up capital and will be executed for a total consideration of Rs. 250. Following the completion of this share transfer, SMTL's status will change from a wholly-owned subsidiary to a subsidiary of Gayatri Highways Limited. This adjustment in equity holding may indicate a strategic shift, and investors should monitor future developments regarding the overall impact on Gayatri Highways' operations and financial positioning.