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

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confirms that the Investment Trust successfully implemented and maintained a non-tamperable digital system to record Unpublished Price Sensitive Information (UPSI), ensuring robust internal controls over data access and integrity.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:

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.