Anzen India Energy Yield Plus Trust has issued a postal ballot notice seeking unitholder approval for four key resolutions through remote e-voting. The notice, dated April 16, 2026, outlines proposals including a change in sponsor, acquisition of transmission assets, preferential issuance of units, and approval for increased unitholding by certain entities. The remote e-voting facility will be provided by KFIN Technologies Limited, the Registrar and Transfer Agent of the Trust.

The remote e-voting period commences at 09:00 am on April 17, 2026. For Item No. 1 (change of sponsor) and Item No. 4 (unitholding approval), voting concludes at 05:00 pm on May 6, 2026. For Item No. 2 (acquisition of Kudgi Transmission Limited) and Item No. 3 (preferential issue of units), voting ends at 05:00 pm on May 7, 2026. Only unitholders whose names appear in the Register of Beneficial Owners as of the close of business hours on April 10, 2026, are eligible to vote. The results will be declared within two working days from the last date of e-voting and communicated to stock exchanges.

Proposed Resolutions

The first resolution seeks approval for changing the sponsor from SEPL Energy Private Limited to Epic Green Urja Private Limited (EGUPL). EGUPL, an infrastructure company with a net worth of 1961.70 Million, will be inducted as the new sponsor subject to 75% unitholder approval by value, excluding related parties. The change will take effect from the date of allotment of units pursuant to the preferential issue. In the event the required approval is not obtained, EGUPL may provide dissenting unitholders an exit option or maintain the status quo with SEPL continuing as sponsor.

The second resolution proposes the acquisition of 100% equity share capital and other securities of Kudgi Transmission Limited (ROFO 2) for consideration of up to ₹ 1,100 Crores through a unit swap mechanism. The operational transmission asset has an aggregate length of approximately 980 circuit kilometers, a residual life of 25 years, and an enterprise value of ₹ 2,000 Crores as per valuation. The acquisition aligns with the Trust's strategy to invest in diversified energy assets and is expected to increase portfolio revenue by ₹ 196.3 Crores.

Preferential Issue Details

The third resolution seeks approval for issuing 8,80,00,000 units on a preferential basis at ₹ 125 per unit for an aggregate consideration of up to ₹ 1,100 Crores. The units will be issued to three proposed allottees for the acquisition of Kudgi Transmission Limited. The issue price of ₹ 125 per unit is based on the higher of the 90-trading day volume weighted average price of ₹ 124.09 and the 10-trading day volume weighted average price of ₹ 124.97.

The fourth resolution seeks approval for Infrastructure Yield Trust entities to hold more than 25% of the outstanding units of the Trust. This approval is required under Regulation 22(5C) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. If EGUPL is inducted as sponsor, these entities may be considered members of the sponsor group. The resolution requires 75% unitholder approval by value, excluding related parties.

Unitholding Pattern Changes

The preferential issue will significantly alter the unitholding pattern of the Trust. Post-allotment, the sponsor and sponsor group holding will increase from 6.63% to 30.53%, while public holding will decrease from 93.37% to 69.47%. The total outstanding units will increase from 25,57,18,900 to 34,37,18,900. The units to be allotted will rank pari-passu with existing units and will be subject to lock-in requirements as specified in the SEBI Master Circular dated July 11, 2025.

The Board of Directors of EAAA Real Assets Managers Limited, the Investment Manager, has recommended all four resolutions for unitholder approval. Ashita Kaul & Associates has been appointed as the Scrutinizer to conduct the postal ballot process through remote e-voting in a fair and transparent manner. All relevant documents are available for inspection at the principal place of business of the Trust and on its website at www.anzenenergy.in .

Anzen India Energy Yield Plus Trust has received credit rating reaffirmation from CRISIL Ratings Limited for its debt instruments totaling Rs. 2,749.66 crore. The rating agency has maintained its AAA rating with stable outlook across all instruments, reflecting the trust's strong creditworthiness and financial stability.

Rating Reaffirmation Details

CRISIL Ratings Limited has reaffirmed the credit ratings for multiple debt instruments of Anzen India Energy Yield Plus Trust. The comprehensive rating covers both Non-Convertible Debentures and term loan facilities, demonstrating the trust's robust financial position.

Credit Rating Significance

The CRISIL AAA rating represents the highest degree of safety regarding timely servicing of financial obligations. Securities carrying this rating are considered to have the lowest credit risk, making them attractive investment options for risk-averse investors. The stable outlook indicates that CRISIL expects the trust to maintain its current credit quality over the medium term.

Term Loan Facility Breakdown

The term loan facilities totaling Rs. 974.66 crore are distributed across two major financial institutions:

Regulatory Compliance

The rating reaffirmation was communicated to stock exchanges in compliance with Regulation 23 of the SEBI Infrastructure Investment Trusts Regulations and Regulation 51 of the LODR Regulations. The trust operates through its investment manager EAAA Real Assets Managers Limited, with Sanket Shah serving as Company Secretary and Compliance Officer.

Continuous Surveillance

CRISIL Ratings maintains continuous surveillance and review of all assigned ratings. The rating agency reserves the right to withdraw or revise ratings based on new information or changing circumstances that may impact the credit profile. The trust must provide ISIN details within two days of allotment for any bond or debenture issuances made against these rating letters, as per SEBI requirements.