Energy Infrastructure Trust has informed BSE Limited about significant unit sales by its sponsor, Rapid Holdings 2 Pte. Ltd., during March 2026. The disclosure, submitted by investment manager EnCap Investment Manager Private Limited on March 31, 2026, details multiple on-market transactions that reduced the sponsor's shareholding in the trust.

Transaction Details and Timeline

Rapid Holdings 2 Pte. Ltd. executed unit sales across three separate trading sessions during March 2026. The transactions were conducted through on-market sales on BSE Limited, with the investment manager receiving formal notifications on March 30 and 31, 2026.

Cumulative Impact on Sponsor Holdings

The total disposal amounted to 2,05,50,000 units valued at ₹160,29,00,000. This series of transactions resulted in Rapid Holdings 2 Pte. Ltd.'s stake declining from 41.9% to 38.80%, representing a reduction of approximately 3.1 percentage points in the sponsor's ownership.

Regulatory Compliance and Documentation

The disclosures were made pursuant to Regulation 17.4.1 and 17.4.2 of the Code of Conduct for Prohibition of Insider Trading of Energy Infrastructure Trust. EnCap Investment Manager Private Limited, acting as the investment manager, received the prescribed Form C disclosures from Rapid Holdings and subsequently forwarded them to BSE Limited.

Entity Information

Rapid Holdings 2 Pte. Ltd. is based in Singapore at 138 Market Street, #32-01 CapitaGreen, Singapore 048946. The entity serves as the sponsor of Energy Infrastructure Trust, which trades on BSE Limited under scrip code 542543. EnCap Investment Manager Private Limited, formerly known as Brookfield India Infrastructure Manager Private Limited, manages the trust's operations from its registered office in Navi Mumbai.

The disclosure was signed by Ankitha Jain, Company Secretary & Compliance Officer of EnCap Investment Manager Private Limited, and Liew Yee Foong, Director of Rapid Holdings 2 Pte. Ltd. All transactions were conducted in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Energy Infrastructure Trust has informed BSE Limited about the limited impact of the ongoing Middle East crisis on its operations, in compliance with SEBI InvIT Regulations. The disclosure, dated March 13, 2026, provides a comprehensive assessment of how global energy market disruptions have affected the Trust's pipeline infrastructure operations.

Pipeline Infrastructure and Operations

The Trust's portfolio consists of a 1,480 km cross-country natural gas pipeline connecting Kakinada in Andhra Pradesh to Bharuch in Gujarat, traversing five states. This critical infrastructure is owned and operated by Pipeline Infrastructure Limited (PIL), which serves as the Trust's sole Special Purpose Vehicle.

Impact of Middle East Crisis

The ongoing conflict in the Middle East has created significant disruption in global energy markets, particularly affecting shipping movements through the Strait of Hormuz. This strategically important corridor connects the Persian Gulf with the Arabian Sea and serves as a transit route for major Gulf producers including Qatar, Saudi Arabia, UAE, Kuwait, and Iraq.

India currently consumes around 190 mmscmd of natural gas, with approximately half supplied by domestic production and the balance imported as Regasified LNG (RLNG). A portion of this imported gas transits through the Strait of Hormuz, making it potentially vulnerable to regional disruptions.

Revenue Structure and Risk Mitigation

The Trust's exposure to global LNG disruptions remains limited due to its revenue structure. Approximately 85% of PIL's gas transportation revenue is derived from domestic gas sources located along India's east coast, while RLNG contributes the remaining balance.

The RLNG volumes transported through the PIL network are primarily sourced from established regasification terminals, including:

• Shell LNG Terminal at Hazira
• HPCL LNG Terminal at Chhara
• Petronet LNG Terminal at Dahej
• GAIL (India) Limited network

Government Response and Operational Status

As a precautionary measure, the Ministry of Petroleum and Natural Gas issued the Natural Gas (Supply Regulation) Order, 2026 dated March 9, 2026. This order prioritizes gas allocation for critical sectors including fertilizers, domestic PNG, and pipeline operations.

Despite global supply concerns, PIL has reported positive operational indicators. Over the past ten days, there has been an increase in volume from the Hazira terminal above usual levels flowing through PIL, indicating continued availability of natural gas through the pipeline network.

Current Operational Impact

The Trust has confirmed that the prevailing situation has had limited operational impact on both Pipeline Infrastructure Limited and Energy Infrastructure Trust in terms of revenue and operating costs. PIL maintains ample capacity to support increased RLNG volumes as required by the country to manage any supply disruptions.

The disclosure emphasizes the Trust's resilient operational structure and its ability to continue serving India's natural gas transportation needs despite global energy market volatility. The predominant reliance on domestic gas sources provides a natural hedge against international supply chain disruptions.