Anzen India Energy Yield Plus Trust reported assets under management of ₹65.6 billion for the quarter ended March 31, 2026, representing a compound annual growth rate of 47%. The trust’s Net Asset Value per unit stood at ₹124.78, supported by the recent acquisition of Kudgi Transmission Limited. A distribution of ₹2.75 per unit has been announced for Q4 FY26, scheduled to be paid on or before June 4, 2026.

The investment manager, EAAA Real Assets Managers Limited, highlighted that the AUM growth was driven by the addition of the Sigma portfolio, comprising 12 renewable projects, and the acquisition of Kudgi Transmission Limited. The trust’s portfolio includes transmission assets with an average availability exceeding 99% and solar assets with a total DC capacity of approximately 1,236 MWp. The cumulative distribution since listing reached ₹6,311 million.

Financial Performance

The trust reported a significant scale-up in AUM over the last two years, growing approximately 2x. Total income increased by ~2.6x and EBITDA grew by ~2.3x since listing. The portfolio maintains a AAA rating from Crisil and India Ratings.

Portfolio Overview

The trust’s assets are diversified across transmission and renewable energy sectors. The transmission segment includes Kudgi Transmission Limited, NRSS XXXI (B) Transmission Limited, and Darbhanga-Motihari Transmission Company Limited, totaling ~1,835 ckt km. The renewable segment comprises 13 solar projects with a combined capacity of ~1,236 MWp across states including Rajasthan, Andhra Pradesh, Punjab, Telangana, and Uttar Pradesh.

Debt Profile

The trust maintains a prudent debt portfolio with a diversified lender base and no single-lender concentration risk. The gross debt as of March 31, 2026, was approximately ₹42 billion. The debt structure features a 9.6-year residual maturity, with 66% of debt maturing in over 5 years, reducing near-term refinancing risk. The mix consists of 60% floating and 40% fixed debt.

Anzen India Energy Yield Plus Trust has submitted its disclosure of related party transactions for the half year ended March 31, 2026. The filing, made pursuant to Regulation 19 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, outlines transactions with various subsidiaries and associated entities.

Standalone Transactions

The standalone financial data for the period reveals significant transactions with subsidiaries, primarily involving interest income and outstanding balances on compulsorily convertible debentures (CCDs) and optionally convertible debentures (OCDs). Key counterparties included Suprasanna Solaire Energy Private Limited, Nirjara Solaire Urja Private Limited, and Ujjvalatejas Solaire Urja Private Limited.

The total value of transactions during the reporting period on a standalone basis was ₹23,976.88 million, with a closing balance of receivables amounting to ₹24,805.13 million.

Consolidated Overview

On a consolidated basis, the Trust engaged in transactions with Axis Bank Limited, SEPL Energy Private Limited, and Edelweiss Infrastructure Yield Plus, among others. These activities covered interest expenses on non-convertible debentures (NCDs), investments in fixed deposits, and project implementation fees.

The consolidated total value of transactions during the reporting period reached ₹22,059.14 million. The report also highlighted a closing balance of payables at ₹4,712.14 million. The disclosure was signed by Sanket Shah, Company Secretary and Compliance Officer, on May 23, 2026.