Anantam Highways Trust reported a sponsor and sponsor group holding of 37.54% for the quarter ended September 30, 2026. The Infrastructure Investment Trust (InvIT) disclosed that public unitholders retained the remaining 62.46% of total outstanding units.

The filing, submitted to NSE and BSE on October 14, 2026, details the distribution of 21.75 crore units. Sponsor holdings comprised 8.16 crore units, all of which were mandatorily held and free from encumbrances. Public holding accounted for 13.58 crore units, split between institutional and non-institutional investors.

Sponsor and Institutional Breakdown

The sponsor group’s stake is entirely domestic, with no foreign institutional or individual participation recorded in this category. Within the public holding segment, institutional investors held 5.00% of the total outstanding units. This included contributions from insurance companies, mutual funds, and alternative investment funds.

Non-institutional public investors held the majority of the public stake at 57.46%. A significant portion of this was held by bodies corporate, which accounted for 53.13% of the total outstanding units. Individual retail investors held 4.18% of the trust’s units.

Unitholding Pattern Details

Key Observations from Data

The data reveals a concentration of public ownership within corporate entities rather than retail individuals. Bodies corporate held 11.55 crore units, representing over half of the entire trust’s outstanding units when combined with other categories. In contrast, direct retail participation through individuals remained modest at 9.08 crore units. Insurance companies emerged as the largest institutional holder with 73.11 lakh units, followed by mutual funds with 29.61 lakh units.

All units held by the sponsor group were marked as mandatorily held, indicating compliance with lock-in requirements. No units in the sponsor category were pledged or encumbered, suggesting a stable promoter position during the quarter.

Anantam Highways Trust has released the full transcript of its earnings conference call for the quarter ended June 30, 2026. The session was conducted on Monday, August 17, 2026, at 3:00 pm. The transcript is now accessible to investors and stakeholders through the Trust's official website.

The disclosure follows an earlier intimation issued by the Trust on August 12, 2026. Alpha Alternatives Fund-Infra Advisors Private Limited, acting as the investment manager to Anantam Highways Trust , confirmed the availability of the document in a filing submitted to the National Stock Exchange of India Limited and BSE Limited on August 19, 2026.

Chandra Kant Sharma, Company Secretary and Compliance Officer, signed the communication. The Trust is managed by Axis Trustee Services Limited, which serves as the trustee.

Key Financial Highlights

During the call, Jignesh Shah, Whole-Time Director and Chief Executive Officer of the investment manager, outlined the financial performance for Q1FY27.

Shah noted that the underlying portfolio continues to perform in line with expectations, with seven HAM assets providing stable, government-backed annuity cash flows. The board approved a further ₹2.50 per unit as distribution for the quarter, taking cumulative distribution since listing to ₹7.5 per unit.

Preferential Allotment and Growth Strategy

Management addressed the ongoing preferential issue aimed at raising approximately ₹1,893.72 crore through the issuance of 16.48 crore units at ₹104.76 each. Shah stated that the Trust is awaiting regulatory clarity from SEBI before completing the formalities for the allotment. The allottees include Build India Infrastructure Fund managed by Alpha Alternatives and Dilip Buildcon.

Regarding the valuation, Shah confirmed that the proposed discount to the equity value determined by an independent valuer is in the range of 17.5% to 18%. He emphasized that the acquisitions are expected to be accretive to both NAV and EPS for existing unit holders. The average life of the InvIT is expected to increase by around six and a half months on a blended basis following the addition of these assets.

Distribution Philosophy and Tax Impact

In response to queries about distribution levels, management reiterated a total return approach, balancing consistent distributions with financial flexibility for accretive acquisitions. Shah clarified that while the current quarterly distribution is ₹2.50, the philosophy may evolve based on growth opportunities.

On taxation, Shah noted that the effective tax rate for SPVs under the new regime has risen slightly above 28%, but dividends have been made tax-free. Due to depreciation at the SPV level and the capital structure, Anantam is not paying any taxes for the next few years. Consequently, the impact of the higher surcharge will only materialize after this period.