Anzen Trust Issues Postal Ballot for Sponsor Change and ₹1,100 Crore Unit Issuance
Anzen India Energy Yield Plus Trust has issued a comprehensive postal ballot notice seeking unitholder approval for four major resolutions including sponsor change from SEPL Energy to Epic Green Urja Private Limited, acquisition of Kudgi Transmission Limited for ₹2,000 crores, preferential issuance of 8,80,00,000 units at ₹125 per unit raising ₹1,100 crores, and approval for unitholding above 25% threshold. The e-voting process runs from April 17 to May 6-7, 2026.

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Anzen India Energy Yield Plus Trust , through its investment manager EAAA Real Assets Managers Limited, has issued a comprehensive postal ballot notice dated April 16, 2026, seeking unitholder approval for major strategic transactions including sponsor change and fund raising activities. The trust has scheduled remote e-voting for unitholders to approve four critical resolutions under InvIT regulations.
Postal Ballot Notice and Voting Schedule
The investment manager has appointed Ashita Kaul & Associates as the scrutinizer for conducting the postal ballot process through remote e-voting. KFIN Technologies Limited will provide the electronic voting platform for unitholders to cast their votes on the proposed resolutions.
| Voting Details: | Information |
|---|---|
| Cut-off Date: | April 10, 2026 |
| E-voting Start: | April 17, 2026 at 09:00 AM |
| Items 1 & 4 End: | May 6, 2026 at 05:00 PM |
| Items 2 & 3 End: | May 7, 2026 at 05:00 PM |
| Scrutinizer: | Ashita Kaul & Associates |
| RTA Platform: | KFIN Technologies Limited |
Four Key Resolutions for Approval
The postal ballot notice covers four major resolutions requiring different approval thresholds. The first resolution seeks 75% unitholder approval for sponsor change, while the second requires simple majority for asset acquisition. The third resolution needs special majority for unit issuance, and the fourth requires 75% approval for unitholding above 25%.
Resolution 1: Sponsor Change Approval
Unitholders will vote on changing the sponsor from SEPL Energy Private Limited to Epic Green Urja Private Limited. This resolution requires approval from 75% of unitholders by value, excluding units held by parties related to the transaction.
| Sponsor Transition: | Details |
|---|---|
| Current Sponsor: | SEPL Energy Private Limited |
| New Sponsor: | Epic Green Urja Private Limited |
| EGUPL Incorporation: | December 6, 2023 |
| Net Worth: | ₹196.17 crores |
| Approval Required: | 75% by value |
| Effective Date: | Upon unit allotment completion |
Resolution 2: Kudgi Transmission Acquisition
The trust seeks simple majority approval for acquiring 100% equity share capital of Kudgi Transmission Limited from Infrastructure Yield Plus II, Infrastructure Yield Plus IIA, and India Infrastructure Yield Plus II. The acquisition involves a transmission asset with approximately 980 circuit kilometers and 25 years residual life.
| Asset Details: | Specifications |
|---|---|
| Asset Type: | Operational transmission asset |
| Project Length: | ~490 km / ~980 circuit km |
| Residual Life: | 25 years |
| Enterprise Value: | ₹2,000 crores |
| External Debt: | ₹1,200 crores |
| Revenue Addition: | ₹196.3 crores |
Resolution 3: Preferential Unit Issuance
Unitholders will vote on issuing up to 8,80,00,000 units at ₹125 per unit for aggregate consideration of ₹1,100 crores. The issuance follows unit swap arrangement for the Kudgi Transmission acquisition, requiring special majority approval.
| Unit Issuance: | Details |
|---|---|
| Maximum Units: | 8,80,00,000 units |
| Issue Price: | ₹125 per unit |
| Total Consideration: | ₹1,100 crores |
| Allottees: | Infrastructure Yield Plus entities |
| Lock-in Period: | As per Master Circular provisions |
| Relevant Date: | April 7, 2026 |
Resolution 4: Unitholding Above 25%
The fourth resolution seeks 75% approval for Infrastructure Yield Trust entities to hold more than 25% of outstanding units. This approval becomes necessary as the preferential issuance may result in the allottees exceeding the 25% threshold.
Regulatory Compliance and Documentation
The postal ballot notice complies with Regulation 22 of SEBI InvIT Regulations 2014 and Master Circular SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The trust has notified BSE Limited and National Stock Exchange of India Limited about the postal ballot process.
| Compliance Framework: | Details |
|---|---|
| Reference Number: | ERAML/ANZEN/2026-27/9 |
| Regulatory Authority: | SEBI InvIT Regulations 2014 |
| Master Circular: | SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 |
| Exchange Notification: | BSE and NSE informed |
| Document Availability: | www.anzenenergy.in |
| Signatory: | Sanket Shah, Company Secretary |
Sanket Shah, Company Secretary and Compliance Officer with membership number A24593, has digitally signed the postal ballot notice. The comprehensive documentation includes explanatory statements, voting instructions, and detailed transaction terms for unitholder review and decision-making.
Historical Stock Returns for Anzen India Energy Yield Plus Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +5.93% | +4.17% | +9.65% | +24.01% |
How will the sponsor change from SEPL Energy to Epic Green Urja impact the trust's strategic direction and operational capabilities?
What are the expected financial synergies and distribution yield improvements from the ₹2,000 crore Kudgi Transmission acquisition?
Will the preferential unit issuance at ₹125 per unit affect the market trading price and existing unitholder value?


































