Data Link Investment Manager Private Limited has issued a postal ballot notice to unitholders of Altius Telecom Infrastructure Trust , seeking approval for the trust's conversion from a private listed infrastructure investment trust to a public listed InvIT. The postal ballot notice was dispatched on March 31, 2026, following the board's earlier approval on March 30, 2026.

In the latest development, the investment manager has released an Offer for Sale notice to unitholders on April 1, 2026, as reflected in the BENPOS dated March 27, 2026. This notice represents a continuation of the conversion process initiated through the postal ballot mechanism.

Postal Ballot Details and Timeline

The postal ballot process has been initiated under Regulation 22 of SEBI InvIT Regulations, with specific timelines established for unitholder participation:

Three Key Resolutions for Approval

The postal ballot seeks unitholder approval on three critical resolutions essential for the conversion process:

Resolution 1: Public InvIT Conversion

Approval for converting from private listed to public listed infrastructure investment trust through a public offer aggregating up to ₹70,000.00 crores. This resolution requires approval from at least 75% of unitholders by value, comprising either fresh issue of units, offer for sale, or combination thereof.

Resolution 2: Indenture of Trust Amendments

Authorization for the Board of Directors to amend the Indenture of Trust dated January 31, 2019, to ensure compliance with public InvIT regulatory framework. This resolution requires special majority approval of at least 60% of total votes cast.

Resolution 3: Investment Management Agreement Modifications

Approval for amendments to the Investment Management Agreement dated December 7, 2023, to align with public listed infrastructure investment trust requirements. This resolution also requires special majority approval of at least 60% of total votes cast.

OFS Notice and Corporate Structure

The Offer for Sale notice has been formally communicated to BSE Limited and relevant stakeholders including Axis Trustee Services Limited and Catalyst Trusteeship Limited. The notice reflects the trust's progression toward public listing status following the established regulatory framework.

Voting Mechanism and Accessibility

Unitholders can participate through dual voting modes - physical postal ballot forms or electronic voting through NSDL's e-voting platform. The notice has been made available on multiple platforms including the trust's website at www.altiusinfra.com , BSE Limited's website, and NSDL's e-voting portal.

The conversion framework operates under SEBI InvIT Regulations and the Master Circular bearing number SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, providing the regulatory foundation for the transformation from private to public status.

Altius Telecom Infrastructure Trust has completed a significant debt fundraising exercise through the allotment of non-convertible debentures worth ₹1450 crores. The infrastructure trust successfully raised capital through private placement to eligible identified investors, marking a substantial addition to its funding base.

NCD Allotment Details

The Board of Directors of Data Link Investment Manager Private Limited, acting as the Investment Manager of Altius Telecom Infrastructure Trust, approved the allotment on March 9, 2026. The fundraising involved the issuance of 1,45,000 senior, unsecured, taxable, redeemable, listed, and rated non-convertible debentures.

Investment Terms and Structure

The NCDs carry attractive terms for investors with a coupon rate of 7.50% per annum, payable on a quarterly basis. The debentures are structured as senior, unsecured instruments that are taxable, redeemable, listed, and rated, providing investors with transparency and liquidity options through the BSE listing.

The issuance was conducted under the framework established in the General Information Document dated February 25, 2025, and the Key Information Document dated March 4, 2026. The trust had initially provided intimation regarding this NCD issuance on December 24, 2025, demonstrating a structured approach to the fundraising process.

Regulatory and Administrative Framework

The transaction involves multiple stakeholders ensuring proper governance and compliance. Axis Trustee Services Limited serves as the Trustee of the Trust, while Catalyst Trusteeship Limited acts as the Debenture Trustee, providing additional oversight for debenture holders.

Data Link Investment Manager Private Limited, formerly known as BIP India Infra Projects Management Services Private Limited, continues to serve as the Investment Manager, overseeing the trust's operations and strategic decisions. The company secretary and compliance officer, Yesha Maniar, executed the regulatory filings and documentation for this transaction.

Market Positioning

The successful completion of this ₹1450 crore fundraising demonstrates the trust's ability to access debt capital markets effectively. The private placement approach allowed the trust to engage directly with eligible identified investors, potentially securing favorable terms while maintaining efficiency in the capital raising process.

The NCDs will be available for trading on the Wholesale Debt Market segment of BSE Limited, providing liquidity options for investors. Complete details regarding the issuance are available on the trust's website at www.altiusinfra.com , ensuring transparency for stakeholders and potential investors.