Indus Infra Trust unitholders approved the trust’s audited financial statements for FY26, its asset valuation report as of March 31, 2026, and the appointment of a new valuer at the Third Annual General Meeting (AGM) held on July 24, 2026. The resolutions passed with a simple majority, reflecting strong backing from both sponsor and public unitholders. This approval formalizes the trust’s financial position and asset values for the fiscal year, providing clarity for investors regarding the underlying infrastructure assets managed by GR Highways Investment Manager Private Limited.

The AGM was conducted through video conferencing and other audio-visual means in compliance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. Remote e-voting was facilitated by KFin Technologies Limited from July 21 to July 23, 2026, with the cut-off date for voting rights set at July 17, 2026. Preksha Dawet & Associates, Practicing Company Secretaries, served as the scrutinizer for the voting process.

Voting Participation and Results

A total of 42,076 unitholders were on record, with 50,85,87,393 votes polled out of 61,10,05,831 total units held, representing an 83.24% participation rate. Four unitholders attended the meeting virtually: one from the sponsor group, one related party, and two public unitholders. The voting breakdown by category is detailed below:

All three resolutions—adoption of financial statements, approval of the valuation report, and appointment of the valuer—received identical voting outcomes. The sponsor group cast 100% of its units in favor, while institutional public holders also voted unanimously in favor of all proposals. Non-institutional public holders showed slight dissent, with 194 votes against out of 61,349 polled, resulting in a 99.68% approval rate within that segment.

Key Attendees and Proceedings

The meeting was chaired by Ramesh Chandra Jain, Chairman and Director. Key management personnel present included Amit Kumar Singh, Chief Executive Officer, and Harshael Sawant, Chief Financial Officer, of the Investment Manager. Statutory auditors S R B C & Co. LLP were represented by Shreyans Ravrani and Urvashi Mansukhani. IDBI Trusteeship Services Limited, the trustee of the trust, was represented by Satyam Gupta.

During the proceedings, Amit Kumar Singh addressed unitholders on the industry landscape, performance achievements, and financial position of the trust during the previous financial year. A question-and-answer session was conducted, with one registered speaker joining to raise queries that were addressed by management. The meeting concluded at 11:36 AM IST after a 15-minute window for final e-voting submissions.

Indus Infra Trust disclosed its unitholding pattern for the quarter ended June 30, 2025, showing that sponsors and their associates retain a significant stake while public investors hold a majority. The filing, submitted in accordance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, details the distribution of 61,10,05,831 total outstanding units.

Sponsors, Investment Managers, Project Managers, and their associates hold 28,45,98,789 units, representing 46.58% of the total capital. Within this category, Bodies Corporates account for the entire holding, with 9,16,60,084 units mandatorily held, constituting 32.21% of the total units held by the sponsor group. There are no holdings reported under the Foreign sponsor category.

Public holding stands at 53.42%, totaling 32,64,07,042 units. Institutional investors form a substantial part of the public holding, owning 41.34% of the total units. Mutual Funds are the primary institutional holders with 14,23,09,249 units (23.29%), followed by Insurance Companies with 5,84,69,788 units (9.57%) and Provident/Pension funds with 3,57,67,697 units (5.85%).

Non-institutional investors account for 12.08% of the total units. Individuals hold 3,94,11,463 units (6.45%), while Bodies Corporates hold 3,18,18,959 units (5.21%). A portion of the non-institutional holding is encumbered, with 41,78,468 units pledged or otherwise encumbered, representing 1.28% of the total public holding.

Unitholding Pattern Summary