IndiGrid Investment Managers Limited, the Investment Manager of indigrid infrastructure trust , has announced the schedule for an upcoming analyst and investor meeting. The meeting is slated to be held on Wednesday, May 20, 2026, and will involve a session with Star Union Dai-chi. The interaction will be conducted through video conferencing.

The disclosure was made in compliance with Regulation 23 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and other applicable laws. The senior management of the Investment Manager will participate in the meeting to engage with the investor.

Meeting Details

The following table outlines the specific schedule for the investor interaction:

The intimation was formally signed by Urmil Shah, Company Secretary & Compliance Officer of IndiGrid Investment Managers Limited. A copy of the notice has been forwarded to Axis Trustee Services Limited for their records.

IndiGrid Infrastructure Trust has filed its security cover compliance certificate with stock exchanges for the period ended March 31, 2026, pursuant to Regulation 54 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022. The submission was made by IndiGrid Investment Managers Limited, acting as Investment Manager of the Trust, and was signed by Urmil Shah, Company Secretary and Compliance Officer, on May 14, 2026.

Auditor's Confirmation of Security Cover Compliance

Statutory auditors S R B C & CO LLP, Chartered Accountants (ICAI Firm Registration Number: 324982E/E300003), issued an Independent Auditor's Report on Security Cover, Compliance with all Covenants, and book value of assets as at March 31, 2026, pursuant to Regulation 56(1)(d) of the SEBI (LODR) Regulations, 2015. The report was signed by Partner Huzefa Ginwala (Membership Number: 111757, UDIN: 26111757TXDGIE1473) at Pune on May 14, 2026. Based on the procedures performed, the auditors concluded that nothing came to their attention to suggest that the Trust had failed to maintain 100% security cover, was non-compliant with covenants under the Debenture Trust Deeds, or that the book values of assets were not in agreement with the underlying audited financial statements as at March 31, 2026.

Security Cover Ratios as at March 31, 2026

The accompanying Annexure A presents the security cover computation for secured redeemable listed non-convertible debenture securities. All amounts are in INR Million.

The pari-passu security cover on book value was computed as INR 3,12,010.31 million (value of assets having pari-passu charge) divided by INR 2,08,858.96 million (total outstanding secured debt and interest accrued), yielding a ratio of 1.49. The security cover on market value was computed as INR 3,33,330.18 million (total value of assets per Column O) divided by INR 2,08,858.96 million, yielding a ratio of 1.60.

Asset and Liability Summary

The key asset and liability figures from Annexure A are presented below (Amounts in INR Million):

The total market value of assets available for secured debt securities (Column O) stood at INR 3,33,330.18 million, comprising exclusive charge assets of INR 2,739.17 million, pari-passu charge assets at market value of INR 3,30,237.96 million, and pari-passu charge assets at book value of INR 353.05 million.

Non-Convertible Debentures Portfolio

The Trust's secured redeemable listed non-convertible debentures portfolio as at March 31, 2026 comprised 30 instruments, all carrying pari-passu charge and each requiring an asset cover of 1.00 time. The aggregate sanctioned amount across all 30 NCDs was INR 1,52,898.17 million, with total outstanding amount as on March 31, 2026 at INR 1,48,770.67 million (amount as per books: INR 1,48,770.32 million, after Ind AS adjustment of INR 0.35 million). The total face value of debentures aggregated to INR 1,52,89,81,69,000.

Enterprise Valuation of Subsidiary SPVs

For the purpose of computing market value security cover, the Trust obtained a valuation report dated May 14, 2026 from independent registered valuer Mr. S Sundararaman (IBBI Registration No. IBBI/RV/06/2018/10238), appointed in accordance with SEBI (Infrastructure Investment Trusts) Regulations, 2014. The enterprise values of 40 subsidiary Special Purpose Vehicles (SPVs), comprising transmission and solar assets, were used for this computation. The aggregate enterprise value of all SPVs stood at INR 3,19,282.06 million, with surplus cash, bank balances, mutual funds, and fixed deposits totalling INR 9,581.50 million, bringing the combined total to INR 3,28,863.56 million. After applying the respective pledge percentages, the value considered for Column M of Annexure A was INR 3,26,419.83 million.

Covenant Compliance

With respect to financial covenants, compliance testing for the ratio of Consolidated Net Debt/EBIDTA and the debt service coverage ratio was performed and certified by CA Pankaj Somani, P. Somani & Co. Chartered Accountants (FRN no. 130819W). Quarterly debt service coverage ratio certificates were issued for the June 2025, September 2025, December 2025, and March 2026 quarters. The management confirmed that there were no breaches of covenants communicated by the Debenture Trustee during the year ended March 31, 2026, and that the Trust complied with all affirmative, informative, negative, and general covenants as prescribed in the Debenture Trust Deeds.