Cube Highways Trust unitholders approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, at its third Annual Meeting held on July 17, 2026. The meeting, conducted via video conferencing, also saw the adoption of the valuation report of the trust's assets as of March 31, 2026. Additionally, the unitholders approved the appointment of a valuer for the financial year 2026-27 and fixed their remuneration.

The resolutions were passed with the requisite majority under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. Mr. Harish Chawla, Partner of M/s. CL & Associates, Practicing Company Secretaries, served as the Scrutinizer for the remote e-voting and e-voting conducted during the meeting. The statutory auditor's report for the financial year ended March 31, 2026, contained no qualifications, observations, or comments adversely affecting financial reporting.

Voting Results

The voting process combined remote e-voting and e-voting conducted during the Annual Meeting. A total of 1,344,069,762 units were eligible, with 626,468,934 votes polled, representing 46.61% of the outstanding units. The table below summarizes the voting outcomes for the key resolutions.

Meeting Proceedings

The meeting was chaired by Mr. U.K. Sinha, Independent Director and Chairman of the Audit Committee. Key managerial personnel, including Mr. Vinay C. Sekar, Chief Executive Officer, and Ms. Richa Gupta Rohatgi, Compliance Officer & Company Secretary, were in attendance. Representatives from the statutory auditor, M/s. S.B. Billimoria & Co. LLP, and the Trustee, Axis Trustee Services Limited, were also present.

Three unitholders attended the meeting through electronic mode. The remote e-voting period commenced on July 13, 2026, and concluded on July 16, 2026. The facility for e-voting during the meeting was available for 15 minutes post-conclusion. The meeting concluded at 4:45 P.M. (IST).

Cube Highways Trust has executed definitive agreements to acquire four road infrastructure assets, expanding its portfolio through the purchase of Special Purpose Vehicles (SPVs). The Investment Manager, Cube Highways Fund Advisors Private Limited, signed the Share Purchase Agreements (SPAs) on July 13, 2026, following approvals from its board and unitholders via postal ballot earlier this year.

The acquisition targets include the entire issued, subscribed, and paid-up share capital of Baharampore-Farakka Highways Limited, Devanahalli Tollway Private Limited, and Chenani Nashri Tunnelway Limited. Additionally, the trust will acquire at least 95% of the issued, subscribed, and paid-up equity share capital of Western M P Infrastructure and Toll Roads Private Limited on a fully diluted basis.

Acquisition Targets

The following table details the SPVs identified for acquisition:

Conditions and Approvals

The completion of these proposed acquisitions is contingent upon the satisfaction of conditions precedent outlined in the respective SPAs. The transactions require necessary approvals and the completion of specified closing actions before they can be finalized. The move follows the outcome of a board meeting held on January 30, 2026, and the voting result of a postal ballot dated February 20, 2026.