Capital Infra Trust announced that the Board of Directors of its Investment Manager, Gawar Investment Manager Private Limited, has approved substantial indemnity and compensation claims from its sponsor company. The board meeting, held on March 26, 2026, addressed multiple financial claims across various project Special Purpose Vehicles (SPVs) of the trust.

Major Indemnity Claims Approved

The board approved a significant indemnity claim from Gawar Construction Limited (GCL), the trust's sponsor, related to GST implementation impacts on project revenues. The following claims were sanctioned:

GST-Related Claims

The largest component involves an indemnity claim of Rs. 45,47,61,610 from GCL across four project SPVs. This claim addresses shortfall in annuity payments resulting from changes in GST law implementation. The indemnity calculation follows provisions outlined in respective Share Purchase Agreements (SPAs) between the parties.

Additionally, the trust will receive Rs. 24,23,98,314 from GCL by August 2027, covering three project SPVs under their respective SPAs. These claims collectively address the financial impact of regulatory changes on the trust's project revenues.

Project Descoping Compensation

The board also approved claims related to project modifications by the National Highways Authority of India (NHAI). Capital Infra Trust will receive Rs. 13,84,56,118 as compensation under the Project Management Agreement from GCL.

Furthermore, an indemnity claim of Rs. 11,98,07,280 under the Share Purchase Agreement specifically relates to Gawar Nainital Highways Private Limited. This compensation addresses the financial impact of certain project works being descoped by NHAI.

Meeting Details and Compliance

The Board of Directors meeting commenced at 04:43 PM and concluded at 05:00 PM on March 26, 2026. The decisions were made in compliance with SEBI Infrastructure Investment Trusts Regulations, 2014, and SEBI Listing Obligations & Disclosure Requirements Regulations, 2015.

The trust operates under the investment management of Gawar Investment Manager Private Limited, with Axis Trustee Services Limited serving as the trustee. All approved claims are structured according to existing contractual agreements between the trust and its sponsor company.

Capital Infra Trust has announced the appointment of Ms. Leena Nandan as Additional Non-Executive Independent Director on the Board of its Investment Manager, Gawar Investment Manager Private Limited. The appointment was approved by the Board of Directors through circulation on March 17, 2026, and will be effective from March 20, 2026, subject to shareholder approval of the Company.

Appointment Details

The appointment has been made pursuant to Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with Regulation 51 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and circulars and guidelines issued thereunder.

Professional Background

Ms. Leena Nandan brings extensive experience from her distinguished career in public service. She is a 1987-batch officer of the Indian Administrative Service (IAS) from Uttar Pradesh cadre with more than three decades of experience in public administration.

Key Career Highlights

• Secretary positions: Ministry of Environment, Forest and Climate Change and Ministry of Consumer Affairs and Food & Public Distribution
• Experience areas: Policy formulation, environmental governance, climate and sustainability initiatives, regulatory oversight, and implementation of national programs
• Stakeholder engagement: Extensive experience working with international organizations, industry stakeholders, and government institutions

Expertise and Value Addition

Ms. Nandan's appointment is expected to strengthen the Investment Manager's board with her specialized expertise in several key areas:

• Governance frameworks and best practices
• ESG (Environmental, Social, and Governance) and sustainability frameworks
• Regulatory compliance and oversight
• Strategic policy leadership and formulation

Regulatory Compliance

The appointment aligns with Capital Infra Trust's commitment to maintaining robust governance standards and regulatory compliance. The information regarding this appointment has been made available on the trust's official website at capitalinfratrust.com, ensuring transparency for all stakeholders including unitholders and regulatory authorities.