NHAI informed that the Paranur Fee Plaza is proposed to be brought under the Multi?Lane Free Flow Tolling System (MLFF). The Indian Highways Management Company Limited (IHMCL) conveyed that implementation of MLFF at the plaza was expected by 15 September 2026. The impending change in tolling architecture formed the basis for the withdrawal.
Hazoor Multi Projects Limited had earlier written to NHAI on 26 August 2026 seeking clarification and action, and the competent authority of NHAI took the decision to withdraw the LOA in view of the request and the transition to MLFF. The withdrawal was processed formally by means of a letter dated 31 August 2026. Annexure details supplied with the regulatory filing set out the parties, nature of the contract and the effective dates.
The regulatory communication indicated that the contract had been executed on 25 August 2026 and that the withdrawal related to the same. The company requested the exchange to take the intimation on record and supplied the requisite annexure. There was no statement in the filing on any immediate financial impact or alteration to other operational arrangements.
The annexure appended to the filing reiterated that the party to the contract was the National Highways Authority of India and that the nature of the engagement related to user fee collection at the specified plaza. The document confirmed the execution date and explained the reason for termination as transition to MLFF tolling. The company indicated that it would comply with any further regulatory disclosures and keep stakeholders apprised.