IRB InvIT Fund unitholders have approved the audited financial statements for the financial year ended March 31, 2026, during its Annual Meeting held on July 23, 2026. The meeting, conducted via video conferencing, saw the adoption of the audited standalone and consolidated financial statements, along with the reports of the auditors and the Investment Manager. KFin Technologies Limited served as the service provider for the remote e-voting facility.

The voting results indicated strong support from unitholders across all categories. A total of 74,26,37,413 votes were polled, representing 57.95% of the outstanding units. The resolutions were passed with an ordinary majority, with the highest approval reaching 99.99% of the votes polled.

Voting Results Summary

The table below details the voting outcomes for the key resolutions proposed during the meeting:

Key Resolutions

Financial Statements Adoption

Unitholders approved the adoption of the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements for the year ended March 31, 2026. This resolution received 100% support from the Sponsor, Investment Manager, and Project Manager categories, while public non-institutional holders cast 37,404 votes against the proposal.

Valuation Report and Valuer Appointment

The meeting approved the valuation report issued by KPMG Valuation Services LLP, an Independent Valuer, for the year ended March 31, 2026. Subsequently, unitholders also passed a resolution to consider and appoint the Valuer. Both resolutions secured 99.99% of the total votes polled, with public non-institutional holders accounting for the majority of the votes against.

The proceedings were submitted by Swapna Arya, Company Secretary & Compliance Officer, on behalf of IRB InvIT Fund . The total number of unitholders on the record date was 1,68,572, with 34 participants attending the meeting through video conferencing.

IRB InvIT Fund has declared a distribution of Rs. 1.625 per unit for the financial year 2026-27, comprising Rs. 1.00 per unit as interest and Re. 0.625 per unit as return of capital. The Board of Directors of the Investment Manager approved the unaudited consolidated and standalone financial information for the quarter ended June 30, 2026. July 28, 2026, has been fixed as the record date for the distribution, which will be paid on or before August 4, 2026.

The Trust reported revenue from operations of Rs. 4,911.14 crore for the quarter ended June 30, 2026, compared to Rs. 2,922.94 crore in the corresponding period of the previous year. Profit after tax stood at Rs. 796.06 crore, while Net Distributable Cash Flows (NDCF) at the Trust level were Rs. 2,284.57 crore. The total NDCF distributable amount was Rs. 2,092.61 crore. The Trust has ensured that a minimum of 90% of the NDCF will be distributed.

Financial Performance

Key Ratios

The debt-equity ratio stood at 1.07 as of June 30, 2026, compared to 0.65 a year ago. The debt service coverage ratio was 2.20, and the interest service coverage ratio was 2.37. The net worth of unitholders' funds was Rs. 76,116.81 million. The EBITDA margin was 83.49% for the quarter.

Asset Acquisition

The Board approved a binding term sheet for the acquisition of Solapur Yedeshi Tollway Limited and CG Tollway Limited from IRB Infrastructure Trust (Private InvIT). The aggregate equity value is Rs. 2,744 crore, resulting in an enterprise value of Rs. 4,605 crore. The transaction is subject to unitholder and regulatory approvals.

The unaudited financial information was reviewed by the Audit Committee and approved by the Board on July 23, 2026.