IRB Infrastructure Developers Ltd has formalized its role as Project Manager for the TOT-18 project through the execution of a Project Implementation Agreement with IRB Chandibhadra Tollway Private Limited on March 24, 2026. This development marks a significant milestone in the company's infrastructure project portfolio expansion.

Project Agreement Details

The Project Implementation Agreement establishes IRB Infrastructure Developers as the Project Manager for IRBCTPL in relation to the TOT-18 project implementation. The arrangement follows regulatory requirements under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended.

Corporate Approvals and Timeline

The agreement execution follows a structured approval process that began with the company's initial disclosure on February 13, 2026. Shareholders subsequently approved the Material Related Party Transaction through a postal ballot conducted on March 23, 2026, clearing the path for the agreement's execution.

Related Party Structure

The agreement involves related party entities within the IRB Infrastructure ecosystem. IRBCTPL operates as a wholly owned Special Purpose Vehicle of IRB Infrastructure Trust, which maintains an associate relationship with IRB Infrastructure Developers Ltd. This structure enables efficient project management while maintaining regulatory compliance for infrastructure investment trusts.

Regulatory Compliance

The transaction qualifies as a Material Related Party Transaction, requiring specific disclosure and approval procedures. The company has fulfilled all regulatory requirements, including:

• Proper disclosure to stock exchanges
• Shareholder approval through postal ballot
• Compliance with SEBI Infrastructure Investment Trust regulations
• Timely execution and reporting of the agreement

The formalization of this Project Implementation Agreement strengthens IRB Infrastructure Developers' position in the infrastructure development sector while expanding its project management capabilities through the TOT-18 initiative.

IRB Infrastructure Developers Limited has announced April 1, 2026, as the record date for its 1:1 bonus share issuance, following the successful completion of its postal ballot process on March 23, 2026. The infrastructure development company will issue one new equity share of Re.1/- each for every existing equity share held by eligible shareholders.

Record Date and Allotment Timeline

The company has established a clear timeline for the bonus share process in compliance with regulatory requirements.

In accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment will be the next working day after the record date. The bonus equity shares will be available for trading on the subsequent working day from the deemed allotment date.

Postal Ballot Results Overview

The postal ballot process concluded successfully on March 23, 2026, with shareholders approving all four key corporate resolutions. The voting was conducted entirely through electronic means, covering 15,87,694 total shareholders as of the cut-off date of February 19, 2026.

Resolution Approval Summary

Bonus Shares Resolution Details

The ordinary resolution for issuing bonus shares achieved strong approval with 98.92% votes in favor across all shareholder categories.

Additional Corporate Actions

Alongside the bonus share issuance, shareholders also approved the increase in authorized share capital and amendment to the Memorandum of Association with 98.34% support. The resolution for material related party transactions with IRB Chandibura Tollway Private Limited received 99.26% approval from eligible voters, with the promoter group abstaining due to their interest in the resolution.

Regulatory Compliance

The record date announcement has been made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All postal ballot results have been submitted in compliance with Regulation 44 of the same regulations, with voting results and scrutinizer's report available on the company's website at www.irb.co.in .