IRB Infrastructure Developers Limited has completed the allotment of 603.90 crore bonus equity shares to its eligible shareholders in a 1:1 ratio. The company announced this development through a regulatory filing dated April 2, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI listing requirements.

Bonus Share Allotment Details

The Management Administration and Share Transfer Committee of the Board of Directors approved the bonus share allotment on April 2, 2026. The allotment follows previous intimations dated February 13, 2026 and March 23, 2026, indicating a structured timeline for this corporate action.

Impact on Share Capital Structure

Following the bonus issue, IRB Infrastructure Developers' paid-up share capital has experienced significant expansion. The company's capital structure has effectively doubled due to the 1:1 bonus ratio.

Shareholder Eligibility and Rights

The bonus shares were allocated to eligible shareholders whose names appeared in the Register of Members or Beneficial Owners as on April 1, 2026. This record date was specifically fixed for determining eligibility for the bonus issue. The newly allotted equity shares carry identical rights and privileges as the existing fully paid-up equity shares of the company, ranking pari-passu in all respects.

Regulatory Compliance

The bonus share allotment was executed in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained transparency by providing timely updates to stock exchanges and following the prescribed regulatory framework for such corporate actions. Company Secretary Mehul Patel signed the regulatory filing, ensuring proper authorization and documentation of this significant corporate development.

IRB Infrastructure Developers announced that its associate company IRB Infrastructure Trust has successfully commenced toll collection operations on a major highway project in Odisha. The development marks a significant milestone in the company's expansion strategy and strengthens its position in India's highway infrastructure sector.

Project Commencement and Financial Details

IRB Chandibhadra Tollway Private Limited, the project SPV of IRB Infrastructure Trust, began tolling operations on the Chandikhole-Bhadrak section of NH-16 from April 1, 2026, at 00:00 hours. The commencement followed the receipt of the appointed date from NHAI after the company achieved financial closure for the project.

Strategic Expansion into Odisha

This project represents IRB Group's first venture into Odisha, expanding the company's operational footprint to 13 Indian states. The Chandikhole-Bhadrak section forms part of India's prestigious Golden Quadrilateral corridor, serving as a vital link between the southern and eastern regions of the country.

Key Project Highlights

Management Commentary

Virendra D. Mhaiskar, Chairman and Managing Director of IRB Group, highlighted the strategic importance of this acquisition. He emphasized that the corridor receives steady pilgrimage and tourism-linked traffic, supporting regional growth and enabling safer, faster, and more efficient travel. The management expressed gratitude to NHAI, Union Bank of India, and partners GIC Singapore and Ferrovial Group for their continued support.

Corporate Structure and Market Position

IRB Infrastructure Trust emerged as the highest bidder for the TOT-18 project, with its project SPV signing the concession agreement with NHAI on February 4, 2026. The trust operates as a private Infrastructure Investment Trust sponsored by IRB Infrastructure Developers Limited under SEBI's Infrastructure Investment Trusts Regulations 2014.

Group Portfolio Overview

The IRB Group maintains a significant market presence with a 44% market share in the awarded TOT space through 6 TOT assets, complemented by the largest BOT portfolio of 18 highway assets and 4 hybrid annuity highway assets. The group's infrastructure contributes approximately 16% share in India's Golden Quadrilateral connectivity and 12% share in the North-South highway connectivity.