IndiGrid Infrastructure Trust has initiated a postal ballot process to seek unitholder approval for the internal restructuring of its portfolio assets. The proposal aims to simplify the corporate structure by merging various special purpose vehicles and holding companies currently held by the trust.

The resolution requires a simple majority of votes cast in favor. Unitholders can vote through remote e-voting only, with the voting window opening on October 6, 2026, at 9:00 am and closing on October 27, 2026, at 5:00 pm. The cut-off date for determining eligible voters is September 30, 2026.

Proposed Merger Structure

The restructuring involves the merger of specific entities to reduce the number of legal entities and enhance operational efficiency. The following table outlines the proposed transferor and transferee entities under the new restructuring plan:

The Investment Manager’s Board retains the discretion to determine other combinations of mergers that align with the objectives of reducing legal entities and simplifying the structure.

Status of Previous Approvals

Unitholders previously approved a similar restructuring plan on January 4, 2024. The current status of those earlier approvals highlights a mixed progress trajectory, with some mergers effective and others withdrawn or pending:

What the Numbers Show

The data reveals a strategic pivot in execution strategy. While the January 2024 approval covered four distinct merger groups, only one group (Globus Steel and others) has become effective as of June 2026. Two groups were withdrawn or are under withdrawal, indicating that the previous structural plan faced regulatory or operational hurdles. The new proposal revisits some of these entities, such as Universal Saur Urja and various Terralight solar assets, suggesting a renewed attempt to consolidate these specific assets after the prior attempts failed or stalled. This iterative approach underscores the complexity of consolidating a diverse portfolio of 43 holding companies and special purpose vehicles.

Procedural Details

Mr. B Narasimhan, failing him Mr. K Venkataraman, Practicing Company Secretaries, have been appointed as Scrutinizers to conduct the voting process. National Securities Depository Limited (NSDL) is facilitating the remote e-voting. Results will be declared on or before October 28, 2026.

IndiGrid Infrastructure Trust has submitted its Sustainability Report for the financial year 2025-26 to the BSE and National Stock Exchange of India. The submission was made on September 26, 2026, by IndiGrid Investment Managers Limited, acting as the Investment Manager for the trust.

The filing complies with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and associated circulars. This regulatory requirement mandates regular disclosure of non-financial performance metrics for listed infrastructure investment trusts.

Regulatory compliance details

The report was filed with the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange. The document bears the digital signature of Urmil Shah, Company Secretary and Compliance Officer, dated September 26, 2026.

A copy of the submission was also forwarded to Axis Trustee Services Limited, the trustee for the infrastructure investment trust.

Focus on sustainable infrastructure

The Sustainability Report highlights the trust's commitment to "Infrastructure that Endures" and "Sustainability that Leads." Visual elements in the report include imagery of high-voltage power transmission towers, substation equipment, and solar energy installations, reflecting the diverse asset base managed by the trust.

What the Numbers Show

No financial data is disclosed in this specific submission. The filing is strictly procedural, confirming adherence to SEBI's InvIT regulations regarding the annual publication of sustainability performance. Investors should refer to the full report for detailed environmental, social, and governance metrics.