Maple Infrastructure Trust has disclosed its unitholding pattern for the quarter ended June 30, 2026, showing that the Sponsor and Sponsor Group collectively hold 75% of the total outstanding units. The filing, submitted to BSE Limited, details the distribution of units among various categories of shareholders, including foreign bodies corporates and domestic institutions. The data indicates that a significant portion of the sponsor's holding is pledged, with 98.30% of their units encumbered.

The Sponsor and Sponsor Group, primarily comprising foreign bodies corporates, hold 35,45,79,900 units, representing 75% of the total capital. Within this category, 9,04,52,400 units are mandatorily held, constituting 25.51% of the sponsor's total holding. The document notes that 34,85,49,740 units held by the sponsor group are pledged or otherwise encumbered.

Public holding constitutes the remaining 25% of the total units outstanding, amounting to 11,81,93,300 units. This segment is divided between institutional and non-institutional investors. Institutional investors hold 13.05% of the total units, entirely through Alternative Investment Funds (AIFs) with 6,17,04,713 units. Other institutional categories such as mutual funds, banks, and insurance companies reported zero holdings.

Non-institutional investors account for 11.95% of the total units. Bodies Corporates are the largest holders in this category with 4,22,09,587 units, or 8.93% of the total. Individual shareholders hold 48,25,000 units (1.02%), while Non-Resident Indians hold 31,25,000 units (0.66%). NBFCs registered with the RBI hold 52,98,800 units (1.12%), and Trusts hold 10,30,200 units (0.22%).

The total units outstanding for Maple Infrastructure Trust as of June 30, 2026, stand at 47,27,73,200. The unitholding pattern was issued by KFin Technologies Limited, acting as the Registrar & Share Transfer Agent. The filing was made in compliance with Regulation 23(10) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Unitholding Pattern Summary

Maple Infrastructure Trust has confirmed that the National Highways Authority of India (NHAI) will retain the Wholesale Price Index (WPI) linking factor at 1.641 for user fee revisions. This decision impacts all existing contracts and concession agreements, ensuring continuity in the calculation of user fees based on the WPI series of 2004-05 and 2011-12.

The NHAI issued a circular on July 8, 2026, pursuant to a directive from the Ministry of Road Transport and Highways (MoRTH). The ministry, via an Office Memorandum dated June 29, 2026, directed the adoption of the 1.641 factor to link the WPI series of 2004-05 to the WPI series of 2011-12. This directive follows observations by the Comptroller and Auditor General (C&AG) and directions from the Hon'ble High Court of Delhi.

Consequently, the NHAI circular dated September 13, 2025, which had modified the linking factor to 1.561, stands superseded. The revised circular mandates that the 1.641 factor be followed for all future National Highway projects until further orders or amendments to NH Fee Rules are issued.

The investment manager, Maple Infra InvIT Investment Manager Private Limited, disclosed that the information is available on the Trust's website. The development ensures stability in the user fee revision mechanism for the Trust's operational assets.