IRB InvIT Fund has approved the re-appointment of Mr. Rajinder Pal Singh as a Non-Executive, Non-Independent Director for a three-year term. The appointment is subject to shareholder approval at the ensuing General Meeting.

The Board of Directors of the Investment Manager, IRB Infrastructure Private Limited, made the decision at its meeting held on August 26, 2026. Mr. Singh’s new tenure will commence on February 14, 2027, and end on February 13, 2030. He is liable to retire by rotation.

Board Rationale

The Board recommended the continuation of Mr. Singh despite him attaining the age of 75 years. The decision cites his extensive administrative and infrastructure sector experience, strategic guidance, and governance oversight during his association with the company.

Mr. Singh serves as the Chairman and Non-Independent Director of the company. He holds a master’s degree in mathematics from Panjab University, Chandigarh. A former IAS officer, he previously served as Chairman of Punjab and Sind Bank and Secretary to the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India. He was also Chairman of the National Highways Authority of India from June 2012 to June 2015.

Regulatory Compliance

The disclosure is made in pursuance of SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, under the Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Singh is not debarred from holding office by any SEBI order or other authority. There are no inter-se relations between him and other board members.

The board of directors of IRB InvIT Fund has approved a preferential issue of units aggregating up to ₹3,510 crore. The Investment Manager, IRB Infrastructure Private Limited, authorized the issuance of 54 million units at ₹65 per unit to the trust’s sponsor, IRB Infrastructure Developers Limited.

Preferential Issue Details

The board meeting held on August 26, 2026, focused on raising capital through this specific preferential allotment. The transaction requires approval from the unitholders of the trust and receipt of necessary regulatory consents. The Committee of Directors has been authorized to take all necessary steps incidental to this fund-raising activity.

This issuance replaces the broader consideration for unit and NCD issuance previously scheduled for the agenda. The funds will be raised in accordance with the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended.

Unitholder Approval Process

The board has convened an Extraordinary Meeting (EM) of unitholders for Monday, September 21, 2026, at 11:00 am. The meeting will be held through Video Conferencing or Other Audio Visual Means (OAVM). The primary purpose is to seek unitholder approval for the proposed preferential issue.

Trading Window Update

The trading window for dealing in the trust’s units, which was closed on August 23, 2026, will reopen. It remains closed until 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.