Indus Infra Trust unitholders have approved raising funds aggregating up to Rs 50,000 Million and issuing units to its sponsor, Aadharshila Infratech Private Limited. The resolutions were passed with the requisite majority on June 9, 2026, following a remote e-voting process conducted under Regulation 23(6) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

The postal ballot sought approval for two key resolutions. The first resolution authorized the fund raise by issuance of units to Aadharshila Infratech Private Limited on a preferential basis. The second resolution sanctioned the raising of funds up to Rs 50,000 Million. The voting was conducted in accordance with the SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025.

Aadharshila Infratech Private Limited, being the Sponsor and a related party to the transaction, participated in the voting for the second resolution. For the resolution on preferential allotment, the Sponsor Group cast 19,29,38,705 votes, all in favour. The Scrutinizer, Preksha Dawet of M/s Preksha Dawet and Associates, confirmed the voting results in her report dated June 9, 2026.

The outcome of the postal ballot saw significant participation across categories. For the resolution on preferential allotment, 99.96% of the valid votes were cast in favour. The resolution to raise Rs 50,000 Million received 96.97% approval from the valid votes polled. The detailed voting results are summarized below.

Voting Results Summary

The Trust, acting through its Investment Manager GR Highways Investment Manager Private Limited, disclosed that the cut-off date for determining unitholder eligibility was May 15, 2026. The Scrutinizer's report confirmed that all procedural requirements were met during the voting process.

Indus Infra Trust has approved the acquisition of 100% equity shareholding in ULCCS Kasaragod Expressway Private Limited (UKEPL) for up to ₹4,439.77 million. The acquisition is aimed at expanding the Trust's portfolio of stable road assets and is expected to be yield accretive for unitholders. The board of GR Highways Investment Manager Private Limited, acting as the Investment Manager, approved the transaction on June 8, 2026.

The acquisition involves purchasing 1,44,71,001 fully paid-up equity shares of ₹100 each, representing the entire issued, subscribed, and paid-up share capital of UKEPL. The enterprise value of the transaction is up to ₹10,008.44 million, subject to closing adjustments. The consideration will be paid in cash, and the transaction is not classified as a related party transaction.

Target Asset Details

UKEPL owns and operates a six-lane expressway from Thalapady to Chengala section of NH-17 (New NH-66) in Kerala, spanning a total length of 39.00 km. The project operates under the Hybrid Annuity Mode (HAM) with a bid project cost of ₹1,665.43 Crore. The concession period is 15 years, with a balance life of 14.22 years as of June 8, 2026.

Transaction Timeline and Approvals

UKEPL has received the No Objection Certificate (NoC) from the National Highways Authority of India for the transfer of 100% shareholding. The Share Purchase Agreement was executed on June 8, 2026, involving the Trust, IDBI Trusteeship Services Limited, the Investment Manager, ULCCS, and UKEPL. The long stop date for the completion of the acquisition is September 30, 2026.

The acquisition aligns with Indus Infra Trust's investment strategy of building and managing a portfolio of stable road assets. The Trust aims to remain focused on infrastructure development, specifically in the highways sector.