About Gayatri Highways Limited (GHL)

Gayatri Highways Limited (GHL) was incorporated in 2006 under the Companies Act, 1956, and is engaged in the development, operation, and maintenance of road infrastructure projects across India. The company undertakes toll and annuity-based highway projects under development agreements with national and state authorities, while also investing in entities engaged in the construction, operation, and maintenance of roads, highways, bridges, tunnels, and toll roads. Its registered office is located at 5th Floor, A-Block, 6-3-1090, TSR Towers, Rajbhavan Road, Somajiguda, Hyderabad – 500082, Telangana.

GHL provides infrastructural facilities either independently or through Special Purpose Vehicles (SPVs) and holds significant investments in jointly controlled entities aligned with its core business focus. The company’s operations are entirely India-centric, with 100% of revenue generated from domestic customers in FY 2024–25, underscoring its strong national footprint in the road infrastructure segment. As on March 31, 2025, the company had two subsidiaries and maintained multiple jointly controlled entities, which are accounted for using the equity method.

The equity shares of GHL have been listed on both BSE and NSE since June 28, 2018, marking a major milestone that enhanced its capital market visibility. During FY 2024–25, shareholders approved corporate actions leading to Sai Maatarini Tollways Limited (SMTL) ceasing to be a subsidiary, reflecting an ongoing realignment of investments. The company continues to focus on strengthening its existing SPV portfolio while actively evaluating new project opportunities in line with evolving infrastructure and compliance frameworks.

Business Segments

• By activity: Single reportable segment under Ind AS 108 — Construction, operation and maintenance of roads, highways, bridges, tunnels, and toll roads (100%).
• By geography: Domestic – 100%; International – Nil.

Gayatri Highways Limited Key Management

• K. G. Naidu – Chief Executive Officer
• P. K. Sahoo – Chief Financial Officer
• P. Raj Kumar – Company Secretary & Compliance Officer
• G. Jagannadha Rao – Director
• Ch. Krishnamurthy – Director

Latest Updates on Gayatri Highways Limited

• SMTL ceases to be a subsidiary: Pursuant to a Special Resolution passed via postal ballot on January 5, 2025, Sai Maatarini Tollways Limited (SMTL) ceased to be a subsidiary. Results were declared on January 6, 2025, and subsequently filed with the stock exchanges. GHL de-recognised and de-consolidated SMTL’s financials with effect from that date.
• Gain on relinquishment: The company recorded a net gain on relinquishment arising from SMTL’s deconsolidation, as detailed in its FY 2024–25 financial statements.
• Material contract approval: GHL’s Board approved a related-party contract with HKR Roadways Limited (associate) for construction, operation, and maintenance works on the Hyderabad–Karimnagar–Ramagundam road (SH-1). The agreement is valued up to Rs 15 crore and was approved on January 5, 2025.
• Cash inflow from settlement: The company received Rs 1,728.61 lakh from Western UP Tollways Private Limited as its share from NHAI settlement proceedings, in accordance with existing agreements.
• Subsidiary under insolvency: Indore Dewas Tollways Limited, a material subsidiary, was admitted into Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). A liquidator was appointed, affecting the consolidation approach for FY 2024–25.

Strategic focus: GHL continues to explore new road development and concession opportunities while strengthening its portfolio through existing SPVs, aligning business strategy with evolving market and regulatory conditions.