Cube Highways Trust has appointed Ernst & Young LLP as its internal auditor and Ernst & Young Merchant Banking Services LLP as its valuer for the financial year 2026-27. The appointments were approved by the board of Cube Highways Fund Advisors Private Limited, acting as the investment manager to the trust, during a meeting on May 27, 2026. The decision to appoint Ernst & Young Merchant Banking Services LLP as valuer is subject to approval by the unitholders at the ensuing annual meeting of the InvIT.

The board's decision follows recommendations from the Audit Committee and consultations with Axis Trustee Services Limited, the trustee of the InvIT. The appointments were made in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Ernst & Young LLP, bearing LLP Registration No AAB-4343, has been appointed as the internal auditor for FY 2026-27. Ernst & Young Merchant Banking Services LLP, holding IBBi registration number IBB I/RV- E/05/2021/155, will serve as the valuer for the same period, pending unitholder approval.

The following table details the appointments made:

Axis Trustee Services Limited is the designated trustee for the InvIT, while Catalyst Trusteeship Limited serves as the debt security trustee. The compliance officer and company secretary for Cube Highways Fund Advisors Private Limited is Richa Gupta Rohatgi.

Cube Highways Trust revised its investor presentation for Q4FY26, correcting the Debt/EBITDA ratio to 4.21x and the revenue growth rate to 8.8%. The filing, submitted on May 27, 2026, addresses typographical errors in the document previously provided to the exchanges. The updated presentation maintains the previously reported financial performance, including a consolidated profit after tax of INR 2,167.15 million for the year ended March 31, 2026, and revenue from operations of INR 42,389 million.

Corrected Financial Metrics

The revised presentation specifies a Debt/EBITDA ratio of 4.21x, replacing the earlier figure. Additionally, the revenue growth rate was corrected to 8.8% for the overall concession life. These adjustments are specific to the presentation slides and do not alter the audited financial results approved by the Board of Directors of Cube Highways Fund Advisors Private Limited.

Consolidated Performance

The Trust reported a total income of INR 43,590.26 million for FY26, an increase from INR 34,531.52 million in FY25. Consolidated EBITDA stood at INR 3,092 crores, rising 29.95% year-on-year. The statutory auditors issued an unmodified audit opinion on the annual financial statements. The following table summarises the consolidated financial performance:

Portfolio and Valuation

As at March 31, 2026, the Trust holds investments in 27 road assets through special purpose vehicles (SPVs). The Net Asset Value (NAV) per unit on a standalone fair value basis is INR 145.77. The Enterprise Value of the InvIT Assets stands at INR 3,68,418 million, with a Net Debt to EV ratio of 46.82%. The Trust's borrowings carry AAA/Stable ratings from CRISIL, ICRA, and India Ratings.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0NR623014/cac4edbe32c945b4.pdf