Capital Infra Trust has issued a clarification regarding the unit acquisition by its sponsor and project manager, Gawar Construction Limited, correcting the previously disclosed transaction value. The clarification was communicated to stock exchanges on April 02, 2026, following the original disclosure made on March 31, 2026.

Transaction Value Clarification

The InvIT clarified that the previously communicated figure of ₹68.36 lakhs represented the per-unit price, not the aggregate transaction value. The corrected transaction details are presented below:

Unitholding Position

The acquisition resulted in a marginal increase in Gawar Construction Limited's stake in Capital Infra Trust. The company's unitholding position shows the following changes:

Regulatory Compliance and Documentation

The clarification was made in accordance with Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Gawar Construction Limited submitted a revised Form C for continual disclosure, signed by Vineet Goel, Chief Financial Officer. The company acknowledged that the aggregate transaction value was inadvertently omitted in the previous communication.

Corporate Structure and Communication

The disclosure was communicated to both NSE (Symbol: CAPINVIT) and BSE (Scrip Code: 544338), along with trustee Axis Trustee Services Limited and debt security trustee IDBI Trusteeship Services Limited. The InvIT operates through Gawar Investment Manager Private Limited as the investment manager, with Shubham Jain serving as Company Secretary and Compliance Officer.

Transaction Confirmation

The revised documentation confirms that no derivatives trading was involved in this acquisition. The purchase was executed as a direct unit acquisition with all regulatory formalities completed on March 30, 2026. The transaction complied with the InvIT's internal policy on unpublished price-sensitive information and conduct code for designated persons.

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.