Cube Highways Trust confirms SDD compliance for FY26
Cube Highways Trust reported full compliance with SEBI's Structured Digital Database regulations for FY26, capturing all 18 required UPSI events with no non-compliance observed. The certification confirms the database is non-tamperable, maintains an 8-year record retention, and includes strict access controls.

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Cube Highways Trust has achieved full compliance with the Structured Digital Database (SDD) norms mandated by the Securities and Exchange Board of India (SEBI) for the financial year ended March 31, 2026. The certification confirms that the Investment Trust successfully implemented and maintained a non-tamperable digital system to record Unpublished Price Sensitive Information (UPSI), ensuring robust internal controls over data access and integrity. This adherence mitigates the risk of insider trading and aligns with regulatory requirements designed to protect investor interests.
The compliance certificate, issued by Harish Chawla of M/s. CL & Associates, Practising Company Secretaries, validates the operational efficacy of the SDD mechanism. The certification process was undertaken pursuant to Regulation 3(5) and 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, read with specific circulars issued by BSE Limited and the National Stock Exchange of India Limited. The exchanges had issued these directives on October 18, 2024, to standardize the maintenance of digital databases for market participants.
The auditor confirmed that the InvIT was required to capture 18 specific events during FY26 and successfully recorded all 18 instances within the database. The system captured the nature of the UPSI along with precise date and time stamps, ensuring a comprehensive audit trail. The database is maintained internally and is designed to be non-tamperable, with the capability to preserve records for a mandatory period of eight years.
Key Compliance Parameters
The certification verified several critical control measures within the SDD framework. The following table summarizes the operational status of the database for the financial year:
| Parameter | Status |
|---|---|
| SDD Implementation | In place |
| Access Control | Established |
| UPSI Captured | All 18 events recorded |
| Nature of UPSI | Captured with date and time |
| Audit Trail | Maintained internally |
| Tamper Proofing | Non-tamperable system |
| Record Retention | 8 years capability |
The report explicitly stated that no non-compliance was observed during the financial year ended March 31, 2026. Consequently, no remedial actions were necessary for the reporting period. The certificate was submitted to the stock exchanges on May 22, 2026, by Richa Gupta Rohatgi, Compliance Officer and Company Secretary of Cube Highways Fund Advisors Private Limited, acting in its capacity as the Investment Manager to Cube Highways Trust.
The filing was addressed to the Listing Departments of both BSE Limited and the National Stock Exchange of India Limited. The InvIT's units are listed under the symbol CUBEINVIT, with multiple Non-Convertible Debentures (NCDs) also listed on the exchanges. The compliance confirmation provides assurance to stakeholders regarding the governance standards upheld by the trust during the fiscal year.
Historical Stock Returns for Cube Highways Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.66% | +0.01% | -0.38% | +6.48% | +16.09% | +48.01% |
How will the successful implementation of the SDD framework influence Cube Highways Trust's ability to attract foreign institutional investors given the increased transparency?
Will other Infrastructure Investment Trusts (InvITs) face challenges in meeting similar compliance standards by the FY26 deadline?
Could this robust compliance record lead to a rating upgrade for Cube Highways Trust's listed Non-Convertible Debentures (NCDs)?


































