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.

IndiGrid Infrastructure Trust has executed Securities Purchase Agreements to acquire Luhri Power Transmission Limited (LPTL) for an enterprise value not exceeding ₹13,360 million. The acquisition targets a power transmission asset currently under construction, with commercial operations expected in Q3FY30.

The transaction is structured with Enerica ReGrid Infra Private Limited (EnerGrid), which shares a common director with IndiGrid’s investment manager. Consequently, the deal qualifies as a related party transaction under SEBI InvIT Regulations. The company stated that the price is determined at arm’s length based on valuation reports compliant with regulatory standards.

Deal Structure and Conditions

The acquisition is contingent upon LPTL becoming a completed and revenue-generating project. IndiGrid plans to acquire the entire shareholding and management control of LPTL in one or more tranches. The consideration will be in cash or another mutually agreed manner, subject to closing adjustments specified in the Securities Purchase Agreement.

Key conditions for the deal include:

• Approval from the unitholders of IndiGrid.
• Completion of the project and commencement of revenue generation.
• Compliance with the Transmission Service Agreement (TSA) and lock-in restrictions.
• Receipt of all necessary governmental and regulatory approvals.

Target Asset Details

LPTL was incorporated on October 28, 2022, by REC Power Development and Consultancy Limited. The entity is tasked with executing the "Transmission system for evacuation of power from Sunni Dam HEP and Luhri Stage-I HEP." As the project is still under construction, LPTL currently reports nil turnover.

Strategic Rationale

IndiGrid indicated that the acquisition aligns with its investment strategy outlined in the Trust Deed. The primary objective is to ensure stable distributions to unitholders by owning assets backed by long-term contracts. The focus on inter-state transmission projects underscores the trust’s commitment to regulated revenue streams.

What the Numbers Show

The enterprise value of ₹13,360 million represents a significant capital outlay relative to LPTL’s current paid-up capital of ₹5 lakh. This disparity highlights that the valuation is driven entirely by the future cash flows of the under-construction asset rather than its current book value or operational history. Since the target has nil turnover, the immediate impact on IndiGrid’s revenue is zero; the financial benefit will only materialize after the expected Commercial Operation Date in Q3FY30, introducing a multi-year timeline before the asset contributes to distributable cash flows.