Maple Infrastructure Trust disclosed that its Sponsor Group entity, CDPQ Infrastructures Asia III Inc., has entered into a unit purchase agreement dated May 26, 2026, to sell up to 177,289,950 units to MAIF 4 Investments India 2 Pte. Ltd. The agreement is subject to various conditions precedent and closing conditions, with the consideration to be determined at the time of transfer. The Trust will convene an extraordinary general meeting on June 15, 2026, to seek unitholder approval for the acquisition of more than 25% of the value of the outstanding units.

The board of directors of Maple Infra InvIT Investment Manager Private Limited, the investment manager to Maple Infrastructure Trust , approved the receipt of the purchase agreement and the notice from MAIF 4. The acquisition requires unitholder approval pursuant to Regulation 22(5C) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, read with Chapter 11 of the Master Circular for Infrastructure Investment Trusts dated July 11, 2025.

CDPQ Infrastructures Asia III Inc. currently holds 211,302,000 units, representing 44.69% of the unitholding. Following the execution of the agreement, the number and percentage of unitholding remain unchanged until the transfer is completed. MAIF 4, an investment vehicle of Macquarie Asia-Pacific Infrastructure Fund 4 managed by Macquarie Asset Management, intends to acquire and hold the units directly or indirectly.

The resolution requires approval from at least 75% of the unitholders by value, excluding the value of units held by parties related to the transaction. The Trust has engaged National Securities Depository Limited to provide remote e-voting facilities. Unitholders whose names appear in the records of depositories as on June 10, 2026, are eligible to vote.

The extraordinary meeting will be held through video-conferencing or other audio-visual means. The deemed venue for the meeting is Wing A, Sahar, Office Unit No. 2, Ground Floor, Marol, Andheri (East), Mumbai. Mr. Jatin Prabhakar Patil, partner of M/s. Mayekar & Associates, has been appointed as the scrutinizer for the voting process.

Maple Infrastructure Trust has filed its annual full valuation report for the financial year ended March 31, 2026, with BSE Limited. The report, dated May 20, 2026, was issued by M/s. GT Valuation Advisors Private Limited, the independent valuer, in accordance with SEBI InvIT Regulations.

Net Asset Value and Valuation

Pursuant to Regulation 10 of the SEBI InvIT Regulations, the Net Asset Value (NAV) of the Trust as on March 31, 2026, stands at ₹152.8 per unit. This valuation is based on the fair value of assets as assessed by the independent valuer. The Trust has 47,27,73,200 outstanding units.

Valuation of SPVs

The valuation exercise covered the Trust's portfolio of seven road projects, including Shree Jagannath Expressway Private Limited (SJEPL), NCR Eastern Peripheral Expressway Private Limited (NCREPE), and five recently acquired SPVs. The enterprise values of the Special Purpose Vehicles (SPVs) were estimated using the Discounted Cash Flow (DCF) method based on financial projections provided by the management.

The weighted average cost of capital (WACC) applied for the valuation ranged from 10.2% to 10.8% across the various SPVs. The total enterprise value of the assets was derived after adjusting for debt, debt-like items, and cash equivalents.

Key Assumptions

The valuation report notes that the analysis is based on the "Going Concern Value" premise. Key assumptions include traffic growth projections derived from independent traffic study reports, toll rate revisions in line with National Highway Fee Rules, and specific tax considerations for each SPV, such as benefits under Section 80IA of the Income Tax Act. The report also accounts for major maintenance expenses and project management fees over the concession periods.

The filing was signed by Vikas Prakash, Company Secretary and Compliance Officer, and is available on the Trust's official website.