EAAA TransInfra Managers Limited, the investment manager of citius transnet investment trust , has appointed Amit Agarwal as an Additional Director (Non-Executive) effective July 27, 2026. Simultaneously, Subahoo Chordia ceased to be a Non-Executive Director and member of various company committees following his resignation, which was accepted by the Board at its meeting held on July 27, 2026. The appointment strengthens the governance structure of the trust’s investment manager, bringing in senior leadership from EAAA India Alternatives Limited.

The Board of Directors approved Agarwal’s appointment based on the recommendation of the Nomination and Remuneration Committee. Chordia’s resignation was tendered via a letter dated July 27, 2026, citing personal reasons. His cessation from office became effective upon the Board’s acceptance at the same meeting. The changes were communicated to BSE Limited and National Stock Exchange of India Limited on July 27, 2026.

Leadership Changes

The following table outlines the specific changes in the directorship of EAAA TransInfra Managers Limited:

Profile of New Director

Amit Agarwal brings over 25 years of experience across consulting, investing, fundraising, asset management, investment banking, and M&A. He currently serves as the Chief Executive Officer of EAAA India Alternatives Limited, one of India's leading alternative asset management platforms with over USD 8 billion under management.

Agarwal has led transactions across a broad range of sectors, including Industrials, Pharmaceuticals, Chemicals, Real Estate, Hospitality, Energy, Roads, and Telecom infrastructure. At EAAA, he has focused on platform creation, business development, client relationships, and fundraising. He is an All-India Rank Holder Chartered Accountant and holds a bachelor's degree in commerce from Lucknow University.

Governance Implications

The appointment of Agarwal, who holds a senior executive role within the parent asset management group, aligns the investment manager’s board with key operational leadership. This move may enhance strategic oversight given his extensive experience in alternative assets and large-scale transaction management. The simultaneous departure of Chordia does not appear to disrupt continuity, as Agarwal’s appointment is effective immediately upon Chordia’s cessation.

Axis Trustee Services Limited, the trustee for the trust, was copied on the intimation to ensure regulatory compliance and stakeholder awareness. The changes are subject to confirmation by shareholders at the next general meeting, as per standard procedures for additional directors.

Citius TransNet Investment Trust unitholders approved the trust’s audited standalone financial statements for FY26 and reappointed S R B C & Co LLP as statutory auditors during its first annual meeting on July 27, 2026. The resolutions passed with overwhelming support, reflecting strong unitholder confidence in the trust’s governance and financial transparency as it enters its second year of operations.

The meeting, conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), saw 57 unitholders cast votes representing 43.81 billion units out of a total outstanding base of 61 billion units. This translates to a 71.82% participation rate for the adoption of financials, with 100% of polled votes supporting the resolution. Ashita Kaul & Associates served as the scrutinizer for the e-voting process, which was facilitated by KFIN Technologies Limited from July 22 to July 26, 2026.

Voting Results Breakdown

The voting data reveals distinct engagement patterns across different unitholder categories. While sponsors and related parties voted unanimously in favor of all resolutions, public institutional investors showed some dissent regarding the appointment of the valuer for FY27.

For the valuer and auditor appointments, public institutions voted 93.89% in favor, with 23 million units (6.11%) casting against votes. Public non-institutions remained highly supportive, with over 99.86% of their polled votes in favor. No invalid votes were recorded, and abstained votes were excluded from the final tally as per regulatory norms.

Governance and Compliance

The proceedings adhered to Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 issued by the Securities and Exchange Board of India. S R B C & Co LLP, Chartered Accountants (Firm Registration No. 324982E/E300003), was appointed as the statutory auditor in compliance with the SEBI Infrastructure Investment Trust Regulations, 2014. The trust’s Board of Directors, chaired by Independent Director Suresh Gurumani, oversaw the process alongside other key executives including Chief Investment Officer Bhavyang Oza and Compliance Officer Padmanabhan Parthasarathy.

The high level of unitholder participation and near-unanimous support for the financial statements underscores the trust’s successful initial listing phase and robust stakeholder alignment. The dissenting votes on administrative appointments appear isolated to specific institutional preferences rather than broader governance concerns.