IndiGrid Infrastructure Trust withdraws amalgamation scheme with Universal Saur Urja Private Limited and others

1 min read Updated on 03 Jul 2026, 05:40 AM

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Jubin VScanX News Team

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IndiGrid Infrastructure Trust has withdrawn its Scheme of Amalgamation with Universal Saur Urja Private Limited, Terralight Solar Energy Tinwari Private Limited, and Terralight Solar Energy Patlasi Private following an NCLT order. The certified copy of the order was received on July 01, 2026, revoking the scheme immediately. The Trust communicated the withdrawal to the stock exchanges on July 02, 2026, under SEBI InvIT and LODR Regulations.

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IndiGrid Infrastructure Trust has withdrawn its Scheme of Amalgamation with Universal Saur Urja Private Limited and two other Special Purpose Vehicles following an order by the National Company Law Tribunal (NCLT), New Delhi. The certified copy of the order was received on July 01, 2026, resulting in the immediate revocation of the amalgamation scheme. Consequently, the proposed merger involving the transferor companies and IndiGrid Limited, the HoldCo of IndiGrid, stands cancelled and is of no effect.

The withdrawal was communicated to BSE Limited and the National Stock Exchange of India Ltd on July 02, 2026. The filing was made pursuant to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The transferor companies named in the withdrawn scheme included Universal Saur Urja Private Limited, Terralight Solar Energy Tinwari Private Limited, and Terralight Solar Energy Patlasi Private. These entities were proposed to be amalgamated with IndiGrid Limited, which acts as the HoldCo for IndiGrid.

The notification was signed by Urmil Kishor Shah, Company Secretary & Compliance Officer of IndiGrid Investment Managers Limited, representing the Trust as its Investment Manager. Copies of the intimation were also forwarded to Axis Trustee Services Limited and IDBI Trusteeship Services Limited.

Historical Stock Returns for IndiGrid Infrastructure Trust

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.17%	+0.63%	+3.68%	+5.51%	+14.97%	+29.92%

How will IndiGrid Infrastructure Trust pivot its acquisition strategy following this regulatory setback?

What impact will the cancelled merger have on IndiGrid's projected revenue growth and unit distribution yields?

Will IndiGrid pursue alternative renewable energy assets to replace the capacity lost from the Universal Saur Urja deal?

Meeting Agenda and Voting

The business to be transacted includes the adoption of audited standalone and consolidated financial statements for FY 2025-26. Unitholders will consider the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as the statutory auditor for five years and the adoption of the full valuation report as at March 31, 2026. An enabling resolution to raise unit capital up to INR 2,000 crore is also on the agenda.

Agenda Item	Details
Adoption of Financial Statements	Audited Standalone and Consolidated Financial Statements for FY 2025-26
Appointment of Auditors	M/s. Deloitte Haskins & Sells Chartered Accountants LLP for five years
Adoption of Valuation Report	Full Valuation Report by Mr. S. Sundararaman as at March 31, 2026
Capital Raise Approval	Enabling resolution to raise unit capital up to INR 2,000 crore

E-Voting and Participation Details

Remote e-voting will be available from Sunday, July 19, 2026, at 9:00 a.m. until Tuesday, July 21, 2026, at 5:00 p.m. via NSDL's e-voting platform. The cut-off date for determining e-voting eligibility is Tuesday, July 14, 2026. Unitholders may also vote during the meeting through the e-voting system. Queries may be submitted before 5:00 p.m. IST on Saturday, July 18, 2026. Mr. Urmil Shah, Company Secretary & Compliance Officer, signed the notice on behalf of IndiGrid Investment Managers Limited.

Historical Stock Returns for IndiGrid Infrastructure Trust