IRB InvIT Fund unitholders approved a special resolution to issue units on a preferential basis. The vote was conducted via video conferencing on September 21, 2026.

The resolution received near-unanimous support. Out of 882,192,350 votes polled, representing 68.83% of outstanding units, 99.99% were cast in favor. Only 67,925 votes were cast against the proposal.

Voting Breakdown

The voting results highlight strong alignment between institutional and retail unitholders. KFin Technologies Limited served as the remote e-voting service provider.

What the Numbers Show

The voting data reveals a distinct participation gap between holder types. While sponsor and institutional blocks achieved near-total engagement (99.89% and 97.17% of units held respectively), non-institutional public holders showed significantly lower participation at just 28.26% of units held. Despite this lower turnout among retail investors, the opposition remained negligible at less than 0.05% of their polled votes, indicating broad consensus across all stakeholder groups regardless of engagement levels.

The board of directors of IRB InvIT Fund has scheduled an Extraordinary Meeting (EGM) of unitholders for Monday, September 21, 2026, at 11:00 am. The meeting aims to secure approval for a preferential issue of up to ₹3,510 crore worth of units to the trust’s sponsor, IRB Infrastructure Developers Limited.

Preferential Issue Details

The Investment Manager, IRB Infrastructure Private Limited, authorized the issuance of 54 million units at ₹65 per unit during its board meeting held on August 26, 2026. This issuance replaces the broader consideration for unit and NCD issuance previously scheduled for the agenda. The transaction requires approval from the unitholders via special majority and receipt of necessary regulatory consents.

Use of Proceeds and Pricing Rationale

The trust intends to utilize the proceeds for the partial funding of the acquisition of CG Tollway Limited and Solapur Yedeshi Tollway Limited. Unitholders had previously approved this acquisition via a postal ballot resolution dated August 3, 2026.

The issue price of ₹65 per unit was determined based on the SEBI Master Circular dated July 11, 2025. With August 21, 2026, as the relevant date, the 90 trading days' volume-weighted average price was ₹61.65, while the 10 trading days' average was ₹64.14. The NAV of the trust stood at ₹81.26 per unit as of March 31, 2026.

Unitholder Approval Process

The EGM will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). Remote e-voting is available from Wednesday, September 16, 2026, at 9:00 am until Sunday, September 20, 2026, at 5:00 pm. The cut-off date for voting eligibility is Monday, September 14, 2026. Results are expected by Wednesday, September 23, 2026.

Trading Window Update

The trading window for dealing in the trust’s units, which was closed on August 23, 2026, will reopen forty-eight hours after the conclusion of this disclosure, in compliance with the Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons.

Regulatory Filings

The outcome was filed with the Corporate Relationship Department at BSE Limited and the Listing Department at National Stock Exchange of India Limited. IDBI Trusteeship Services Limited was copied on the communication.