Gayatri Highways Limited — Important, 12-11-2024: Updates

Sai Maatarini Tollways Limited (SMTL), a wholly-owned subsidiary of Gayatri Highways Limited, plans a preferential allotment of 1,06,00,000 equity shares at ₹10 each to prospective investors. Following this allotment, Gayatri Highways' stake in SMTL will reduce from 100% to approximately 48%, resulting in SMTL's status changing from a wholly-owned subsidiary to an associate company. This transition signals a significant restructuring in ownership, which could influence Gayatri Highways' strategic direction and financial reporting. Investors should monitor the outcomes of this preferential allotment and its impacts on the company's consolidated earnings and operational strategy.