National Highways Infra Trust has announced significant board changes at its investment manager company, National Highways Infra Investment Managers Private Limited (NHIIMPL), effective April 17, 2026. The changes include both new appointments and re-nominations of existing directors for the fiscal year 2026-27.

New Director Appointment

The company has appointed Mr. Hardik Bhadrik Shah (DIN: 06648474) as a Unitholders Nominee Director (Non-Executive) on the board of NHIIMPL. His appointment takes effect from April 17, 2026, following nomination from Nitro Asia Holdings II Pte. Ltd.

Director Re-nominations

Two existing Unitholders Nominee Directors have been re-nominated for FY 2026-27. The Nomination and Remuneration Committee (NRC) of NHIIMPL confirmed these re-nominations through a resolution by circulation dated April 15, 2026.

Regulatory Compliance

These appointments and re-nominations were conducted in accordance with Regulation 4(2)(i) of SEBI (Infrastructure Investment Trusts) Regulations, 2014. The process also followed guidelines from SEBI Master Circular bearing reference number SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, and NHIIMPL's Policy on Qualifications and criteria for Appointment of Unitholders Nominee Directors.

Communication and Documentation

The company has informed both BSE Limited and National Stock Exchange of India Limited about these board changes. Confirmations have been emailed to the respective unitholders on April 17, 2026, within the prescribed timelines as mandated by regulatory requirements.

National Highways Infra Investment Managers Private Limited serves as the investment manager to National Highways Infra Trust and operates under CIN: U65929DL2020GOI366835. The announcement was signed by Gunjan Singh, Company Secretary and Compliance Officer, on behalf of the board.

National Highways Infra Trust has filed its unitholding pattern statement for the quarter ended March 31, 2026, pursuant to Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The disclosure was submitted by National Highways Infra Investment Managers Private Limited, acting as the investment manager for the trust.

Sponsor and Government Holdings

The unitholding pattern reveals that sponsor and sponsor group entities hold a total of 22,44,54,500 units, representing 10.50% of the total outstanding units. This entire holding is attributed to Central/State Government entities, with 100% of these units being mandatorily held.

Public Holdings Distribution

Public investors hold a substantial 1,91,40,96,100 units, accounting for 89.50% of the total outstanding units. The public holding is divided between institutional and non-institutional investors, with institutions commanding a dominant position.

Institutional Investors

Institutional investors hold 1,52,62,72,217 units, representing 71.37% of the total outstanding units. The composition shows significant participation from various institutional categories:

Non-Institutional Investors

Non-institutional investors hold 38,78,23,883 units, comprising 18.13% of the total outstanding units. This category includes various investor types:

• Central/State Governments: 18,26,69,600 units (8.54%)
• Body Corporates: 8,54,14,996 units (3.99%)
• Individuals: 5,41,37,404 units (2.53%)
• NBFCs registered with RBI: 5,06,00,000 units (2.37%)
• Trusts: 1,37,50,000 units (0.64%)
• Non-Resident Indians: 12,51,883 units (0.06%)

Total Outstanding Units

As of March 31, 2026, National Highways Infra Trust had a total of 2,13,85,50,600 outstanding units. The unitholding pattern shows no pledged or encumbered units among the sponsor holdings, indicating a clean ownership structure.

Regulatory Compliance

The filing was made in accordance with Para 4.13 of the SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The statement was signed by Gunjan Singh, Company Secretary and Compliance Officer of the investment manager, and processed by KFin Technologies Limited as the registrar and transfer agent.