Cube Highways Trust has executed major agreements on March 17, 2026, marking a significant expansion in its infrastructure portfolio through strategic acquisitions and securing future growth opportunities.

Strategic Acquisition Framework

The Trust's Investment Manager has entered into a binding commitment letter with multiple parties to acquire substantial equity stakes in four highway infrastructure companies. This comprehensive acquisition strategy involves partnerships with Axis Trustee Service Limited as Trustee, along with Cube Highways and Infrastructure V Pte. Ltd. and Cube Highways and Infrastructure II Pte. Ltd. as sellers.

Target Company Acquisitions

The commitment letter outlines specific acquisition targets across India's highway infrastructure sector:

These acquisitions represent a strategic expansion into key highway corridors, with the Trust securing controlling stakes in all four target companies. The varying equity percentages reflect different deal structures while maintaining operational control across the portfolio.

Right of First Offer Agreement

Simultaneously, the Trust has secured a right of first offer agreement with Cube Highways and Infrastructure V Pte. Ltd., its sponsor company. This ROFO agreement grants the Trust preferential rights to acquire additional assets held by the sponsor, creating a structured pipeline for future growth opportunities in the infrastructure sector.

Regulatory Compliance and Documentation

The agreements comply with Regulation 23(6) of the Securities and Exchange Board of India Infrastructure Investment Trusts Regulations, 2014, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The documentation follows the Trust's previous intimation dated January 30, 2026, ensuring transparent communication with stakeholders and regulatory authorities.

Richa Gupta Rohatgi, Company Secretary and Compliance Officer of Cube Highways Fund Advisors Private Limited, signed the regulatory filing in her capacity as Investment Manager to the Trust. The comprehensive notification was submitted to both BSE Limited and National Stock Exchange of India Limited, maintaining full regulatory compliance across all trading platforms.

Cube Highways Trust has announced the re-appointment of Ms. Fereshte Dhunjishaw Sethna as an Independent Director for a second consecutive term. The decision was made by Cube Highways Fund Advisors Private Limited, acting as the Investment Manager to the InvIT, following a comprehensive approval process.

Board Appointment Details

The re-appointment was formally approved during an Extra-Ordinary General Meeting held on March 10, 2026. The decision came after careful consideration and recommendation from both the Nomination & Remuneration Committee and the Board of Directors of the company.

Regulatory Compliance

The re-appointment has been executed in full compliance with applicable regulatory frameworks. The decision adheres to the provisions of SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time, and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Structure

Cube Highways Fund Advisors Private Limited serves as the Investment Manager to Cube Highways Trust, with Axis Trustee Services Limited acting as the Trustee to the InvIT. The corporate structure also includes Catalyst Trusteeship Limited as the Debt Security Trustee, ensuring comprehensive governance oversight.

The formal intimation was communicated to both BSE Limited and National Stock Exchange of India Limited, with the company requesting the exchanges to take the appointment on record. Company Secretary and Compliance Officer Richa Gupta Rohatgi signed the official communication on March 10, 2026.