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 has capped the remuneration for its statutory auditor and valuer for the financial year 2026-27, ahead of its First Annual Meeting scheduled for July 27, 2026. The Trust, acting through its Investment Manager EAAA TransInfra Managers Limited, issued an addendum to the original notice to provide additional disclosures regarding the fees payable to M/s. SRBC & Co LLP and Mr. S Sundararama.

The remuneration of M/s. SRBC & Co LLP, appointed as Statutory Auditors, shall not exceed INR 1,21,50,000 for the financial year 2026-27. This amount is payable in one or more instalments, plus applicable goods and services tax and reimbursement of out-of-pocket expenses incurred. The resolution seeks authorization from unitholders for the Board of Directors of the Investment Manager to determine and pay the audit fees as deemed fit for the auditor's term.

Mr. S Sundararama has been proposed for a valuation exercise with a remuneration cap of INR 33,85,000 for the financial year 2026-27. Similar to the auditor's fee, this amount is payable in one or more instalments, plus applicable taxes and reimbursement of expenses. The Trust stated that the proposed remuneration is based on the valuer's knowledge, expertise, industry experience, and the time and efforts required, aligning with industry benchmarks.

The First Annual Meeting will be held on Monday, July 27, 2026, at 10:30 a.m. IST through Video Conferencing or Other Audio-Visual Means. The additional disclosures pertain specifically to Item Nos. 2 and 3 of the explanatory statements in the original notice dated June 30, 2026. All other items of the notice remain unchanged and must be read in conjunction with this addendum.

Fee Structure for FY27