Altius Telecom Infrastructure Trust Schedules Sixth AGM on July 27, 2026; Reports Strong FY2025-26 Performance
Altius Telecom Infrastructure Trust has scheduled its Sixth AGM for July 27, 2026 via Video Conferencing, with remote e-voting open from July 23 to July 26, 2026. For FY2025-26, the Trust reported consolidated Revenue from Operations of ` 2,41,650 million and EBITDA of ` 99,471 million, with a Distribution Per Unit of ` 15.6 and Net Distributable Cash Flows of ` 47,610 million. The Trust operates 2,58,111 telecom sites with 3,15,351 tenancies across 22 circles, and the fair NAV per unit stood at ` 170.77 as at March 31, 2026, with total Assets Under Management of ` 9,71,880 million.

*this image is generated using AI for illustrative purposes only.
Altius Telecom Infrastructure Trust (formerly known as Data Infrastructure Trust) has announced its Sixth Annual General Meeting (AGM) scheduled for Monday, July 27, 2026 at 12:00 p.m. (IST), to be conducted through Video Conferencing (VC). The notice was issued by Data Link Investment Manager Private Limited (formerly known as BIP India Infra Projects Management Services Private Limited), acting as the Investment Manager of the Trust, in compliance with the SEBI (Infrastructure Investment Trusts) Regulations, 2014 and the SEBI Master Circular dated July 11, 2025.
Sixth AGM: Key Details and Agenda
The Sixth AGM will transact the following ordinary businesses:
- Item 1: Consideration and adoption of Audited Standalone and Consolidated Financial Statements of the Trust for the financial year ended March 31, 2026, together with the Report of the Investment Manager and Auditors thereon.
- Item 2: Consideration and adoption of the Valuation Report dated May 11, 2026 for the assets of the Trust for the financial year ended March 31, 2026, issued by Mr. S. Sundararaman, Registered Valuer (IBBI Registration Number IBBI/RV/06/2018/10238).
- Item 3: Appointment of Mr. S. Sundararaman, Registered Valuer (IBBI Registration Number IBBI/RV/06/2018/10238), as the Valuer of the Trust for the financial year 2026-27 and fixation of remuneration.
The AGM notice and Annual Report for FY2025-26 have been dispatched to Unitholders and debenture holders whose email addresses are registered as on Friday, June 26, 2026. The same are also available on the Trust's website at www.altiusinfra.com , on BSE Limited's website at www.bseindia.com , and on the NSDL e-voting website at www.evoting.nsdl.com .
E-Voting Schedule and Cut-Off Date
The Trust has provided electronic voting facilities through NSDL for all resolutions set out in the AGM Notice. The key dates are summarised below:
| Parameter: | Details |
|---|---|
| AGM Date: | Monday, July 27, 2026 at 12:00 p.m. (IST) |
| AGM Mode: | Video Conferencing (VC) / OAVM |
| Notice Dispatch Date: | Friday, June 26, 2026 |
| E-Voting Cut-Off Date: | Friday, July 17, 2026 |
| Remote E-Voting Start: | Thursday, July 23, 2026 at 9:00 AM (IST) |
| Remote E-Voting End: | Sunday, July 26, 2026 at 5:00 PM (IST) |
| Voting Results Announcement: | On or before Wednesday, July 29, 2026 |
Mr. Jatin Prabhakar Patil (FCS - 7282 / COP - 7954), Partner, Mayekar & Associates, Practicing Company Secretaries (Firm U.I.N. - P2005MH007400), has been appointed as the Scrutinizer to oversee the voting process in a fair and transparent manner.
FY2025-26 Financial Performance
FY2025-26 marked the Trust's first full year of integrated operations following the consolidation of Summit Digitel, Crest Digitel, and Elevar Digitel under the unified Altius platform. The consolidated financial results for the year ended March 31, 2026 compared to the year ended March 31, 2025 are as follows:
| Metric: | FY2025-26 | FY2024-25 |
|---|---|---|
| Revenue from Operations (` Mn): | 2,41,650 | 1,94,540 |
| EBITDA (` Mn): | 99,471 | 78,564 |
| Total Income (` Mn): | 2,44,261 | 1,96,237 |
| Profit before Tax (` Mn): | 13,209 | 9,238 |
| Profit for the Year (` Mn): | 11,066 | 8,399 |
| Total Comprehensive Income (` Mn): | 11,690 | 7,834 |
| Net Distributable Cash Flows – NDCF (` Mn): | 47,610 | 58,310 |
| Distribution Per Unit (` ): | 15.6 | — |
| NAV per Unit at Fair Value (` ): | 170.77 | 139.28 |
The increase in total consolidated income was primarily driven by the full twelve-month consolidation of Elevar's operations in FY2025-26, compared to only 201 days of Elevar's results in FY2024-25 (September 12, 2024 to March 31, 2025), alongside continued organic growth at Summit and Crest.
SPV-Wise Revenue Contribution
The Trust operates through three wholly-owned, revenue-generating Special Purpose Vehicles (SPVs). Revenue generated by each SPV during FY2025-26 is presented below:
| SPV: | Revenue from Operations (` Mn) | Key Business |
|---|---|---|
| Summit Digitel Infrastructure Limited (SDIL): | 1,40,634 | Macro towers; 30-year MSA with RJIL as anchor tenant |
| Elevar Digitel Infrastructure Private Limited (EDIPL): | 95,757 | Multi-operator tower portfolio; first full year of contribution |
| Crest Digitel Private Limited (CDPL): | 5,259 | IBS and small-cell solutions |
Operational Highlights
As at March 31, 2026, the Trust's operational metrics reflect the scale of India's largest independent telecom infrastructure platform:
| Operational Parameter: | As at March 31, 2026 |
|---|---|
| Total Telecom Sites: | 2,58,111 |
| Total Tenancies: | 3,15,351 |
| Tenancy Ratio: | ~1.2x |
| Weighted Average Lease Expiry (WALE): | ~16 years |
| Telecom Circles: | 22 |
| Assets Under Management (` Mn): | 9,71,880 |
| Net Debt / AUM: | 45.23% |
| Total Debt Book (` Bn): | 448 |
Over 82.11% of the Trust's revenue from operations for FY2025-26 was derived from tenants carrying 'AAA' credit ratings from leading Indian rating agencies. As at March 31, 2026, 55% of total tenancies were secured under a 30-year non-cancellable Master Services Agreement, while the remaining 45% were covered under commercial agreements with locked-in tenures of up to 10 years.
Distribution Track Record
During FY2025-26, the Trust distributed 15.6 per unit, exceeding its stated DPU guidance of 15.3 per unit (as given in the investor presentation dated November 12, 2025), representing approximately 98% of NDCF returned to unitholders. Since inception, Altius has cumulatively distributed 77.6 per unit, aggregating to 214.7 billion in total distributions. The Trust's domestic credit ratings of AAA/Stable from both CRISIL and CARE underscore the strength of its credit profile.
Valuation and Net Asset Value
Pursuant to SEBI InvIT Regulations, the Trust's assets were valued as at March 31, 2026 by Registered Valuer Mr. S. Sundararaman (IBBI Registration Number IBBI/RV/06/2018/10238). The fair enterprise value of the SPVs, derived using the Discounted Cash Flow (DCF) method for Summit, Elevar, and Crest, and the Net Asset Value (NAV) method for RDIPL and CVNPL, is summarised below:
| SPV: | WACC | Terminal Growth Rate | Fair EV (` Mn) |
|---|---|---|---|
| Summit Digitel Infrastructure Limited: | 8.79% | 0.00% | 6,50,480 |
| Elevar Digitel Infrastructure Private Limited: | 12.03% | 2.50% | 2,98,451 |
| Crest Digitel Private Limited: | 13.91% | 2.50% | 22,877 |
| Roam Digitel Infrastructure Private Limited: | NA | NA | (0) |
| Crest Virtual Network Private Limited: | NA | NA | 72 |
| Total: | 9,71,880 |
The Standalone NAV per unit at fair value stood at 170.77 as at March 31, 2026, compared to 139.28 as at March 31, 2025.
Historical Stock Returns for Altius Telecom Infrastructure Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.18% | +2.20% | +14.00% | +16.72% | +42.50% |
How will the full-year integration of Elevar Digitel impact the Trust's future capital allocation strategies for new acquisitions?
What are the projected growth drivers for the tenancy ratio beyond the current 1.2x given the high base of 2.58 lakh sites?
Can the Trust maintain the current distribution payout ratio of approximately 98% of NDCF while pursuing expansion opportunities?


































