IndiGrid Infrastructure Trust has completed the merger of three of its Special Purpose Vehicles (SPVs) with Godawari Green Energy Private Limited. The merger of Globus Steel & Power Private Limited, IndiGrid Solar-I (AP) Private Limited, and IndiGrid Solar-II (AP) Private Limited with Godawari Green Energy Private Limited became effective on June 10, 2026. This restructuring consolidates specific portfolio assets within the trust.

The National Company Law Tribunal, New Delhi, issued the order approving the scheme. The appointed date for the merger was April 01, 2024. Unitholders of IndiGrid Infrastructure Trust had approved the restructuring of portfolio assets during an Extra-ordinary General Meeting held on January 04, 2024.

The transaction was conducted pursuant to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015. IndiGrid Investment Managers Limited, acting as the Investment Manager for the trust, confirmed the development.

Axis Trustee Services Limited and IDBI Trusteeship Services Limited were provided with copies of the intimation regarding the merger's effectiveness.

IndiGrid Infrastructure Trust has received a clean compliance report for the financial year ended March 31, 2026, confirming that its Investment Manager adhered to regulatory requirements. SARK & Associates LLP, Practicing Company Secretaries, certified that IndiGrid Investment Managers Limited complied with the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992, the Securities Contracts (Regulation) Act, 1956 (SCRA), and relevant circulars during the review period.

The examination covered documents, records, and filings made by the Investment Manager to the stock exchanges, as well as the InvIT's website. The specific regulations reviewed included the SEBI (Infrastructure Investment Trusts) Regulations, 2014, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The report detailed actions taken by SEBI against the Trustee, Axis Trustee Services Limited, stating these were independent of the InvIT and had no bearing on the compliance status of IndiGrid Infrastructure Trust. The actions included advisories and warnings related to inspections of other clients and securitized debt instruments.

Regulatory Actions Against Trustee

The following table outlines the regulatory actions taken by SEBI against Axis Trustee Services Limited, as noted in the report:

The report confirmed that the Investment Manager maintained proper records under the provisions of the reviewed regulations. There were no deviations from compliance requirements reported for the Investment Manager during the review period, and no actions were taken against the InvIT, its promoters, or directors by SEBI or stock exchanges.