Infinite India Investment Management Limited has announced key board changes following its directors' meeting held on April 9, 2026. The company, which serves as the investment manager of Digital Fibre Infrastructure Trust and Intelligent Supply Chain Infrastructure Trust, made these appointments based on recommendations from the Nomination and Remuneration Committee.

Director Appointment Details

The board approved the appointment of Mr. Natarajan Gnanaskandan as an additional Non-Executive director, effective April 10, 2026. The appointment remains subject to approval by members at the upcoming general meeting.

Professional Background

Mr. Natarajan brings substantial expertise to the board with his comprehensive professional background. He holds a B.Com degree from the University of Mumbai and is a Fellow Member of the Institute of Chartered Accountants of India (FCA). His professional practice spans since 1986, based in Ahmedabad.

His core areas of expertise include:

• Project finance and merchant banking
• Capital markets operations
• Mergers and acquisitions
• Dispute resolution and FEMA advisory
• GIFT City consulting
• Auditing and taxation

Throughout his career, Mr. Natarajan has worked across diverse industries including textiles, pharmaceuticals, engineering, edible oils, chemicals, renewable energy, and infrastructure. He has successfully syndicated large-ticket term loans, managed IPO assignments, and advised on wind energy and small hydro power projects.

Current Board Positions

Mr. Natarajan currently serves as an Independent Director on several prominent corporate boards:

• Reliance Industries Holdings Private Limited
• Jamnagar Utilities Private Limited
• Jio Digital Platforms Private Limited
• Balkrishna Industries Limited

Director Cessation

Simultaneously, the board noted the resignation of Mr. Sridhar Vaidyanadhan from his position as Non-Executive Director.

Compliance and Regulatory Status

The company confirmed that Mr. Natarajan is not related to any existing directors and is not debarred from holding directorial positions by SEBI or any other regulatory authority. The appointment follows all regulatory requirements under applicable corporate governance norms.

These board changes reflect the company's ongoing commitment to strengthening its governance structure while managing its responsibilities as investment manager for the infrastructure trusts under its management.

Digital Fibre Infrastructure Trust has received an advisory cum administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding Net Distributable Cash Flow (NDCF) distribution disclosures. The trust informed BSE Limited about this regulatory communication through a formal disclosure dated April 9, 2026.

SEBI Warning Details

The regulatory action stems from a thematic inspection conducted by SEBI covering the period from April 1, 2024 to March 31, 2025. The warning letter was issued on April 7, 2026 and received by the trust on April 8, 2026.

Compliance Requirements

SEBI has specifically directed the Investment Manager of Digital Fibre Infrastructure Trust to ensure complete disclosure in Financial Statements regarding distribution of surplus cash. This requirement is in addition to the NDCF declared by Special Purpose Vehicle (SPV) or InvIT.

The regulatory guidance emphasizes the importance of comprehensive financial reporting and transparency in distribution-related disclosures under Regulation 30 of SEBI regulations.

Financial Impact Assessment

According to the trust's disclosure, there is no quantifiable financial, operational or other impact on the trust's activities resulting from this advisory warning. The regulatory action appears to be focused on enhancing disclosure practices rather than imposing financial penalties.

Corporate Communication

The disclosure was signed by Jayanti Chaurasia Naita, Compliance Officer, on behalf of Infinite India Investment Management Limited, which acts as the Investment Manager of Digital Fibre Infrastructure Trust. The communication was formally submitted to BSE Limited, where the trust is listed under security code 543859 with the symbol DIGIFIBRE.