Gayatri Highways 20th AGM: Key Updates

Gayatri Highways Limited (GHL) held its 20th Annual General Meeting on September 29, 2026, via video conferencing. The meeting covered critical governance transitions and a significant capital allocation proposal.

Reader Takeaway: Management seeks shareholder approval for a Rs 150 crore loan to an associate firm amid auditor qualification scrutiny.

What just happened

Gayatri Highways confirmed the resignation of its statutory auditor, M/s. PRSV & Co. LLP, and has proposed M/s. PPKG & Co. as the new auditors. The outgoing firm had issued qualifications regarding the company's standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Management has addressed these concerns in the latest Board Report.

Material Related Party Transaction

A primary agenda item for shareholders was the approval of a Rs 150 crore loan to Gayatri Projects Limited (GPL). As this constitutes a material related-party transaction, it requires investor oversight to understand the impact on GHL’s liquidity and future cash flows.

What changes now

The company is finalizing the results of the e-voting process conducted during the AGM. The consolidated voting results, including the Scrutinizer’s report on the loan resolution and auditor appointment, will be submitted to the stock exchanges within two working days.

Risks to watch

Investors should closely track the specific terms of the loan provided to Gayatri Projects Limited, including repayment timelines and interest rates. Furthermore, the qualification of the FY26 financial statements by the former auditors remains a governance point that warrants careful scrutiny by minority shareholders.

What to track next

Watch for the official exchange filing containing the final voting results to confirm if the loan proposal and auditor transition were successfully passed by the shareholders.