Highway Infrastructure Limited Extends Timeline for IPO Proceeds Utilisation to 31 May 2026
Published on: May 14, 2026, 12:06 a.m. | Source: scanx.trade
Highway Infrastructure Limited has extended the utilisation deadline for its IPO proceeds from 31 March 2026 to 31 May 2026, following approval by the Audit Committee and Board of Directors. The company raised net IPO proceeds of Rs. 828.84 million as per its Prospectus dated 08 August 2025. As of 31 March 2026, Rs. 831.55 million has been utilised across working capital for EPC, working capital for toll, and general corporate purposes, with an additional Rs. 3.53 million earned as interest on temporarily invested funds. A balance of Rs. 0.82 million remains in the monitoring account and is expected to be utilised in the next quarter.
