National Highways Infra Trust (NHIT), acting through its Investment Manager — National Highways Infra Investment Managers Private Limited — has formally dispatched the notice for its 5th Annual Meeting (AM) of Unitholders, scheduled to be held on Monday, July 27, 2026, at 4:00 PM (IST) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice, along with the Annual Report for the financial year 2025-26, has been electronically dispatched to unitholders whose email addresses are registered with NHIT or its Registrar and Transfer Agent, KFin Technologies Limited, as on June 25, 2026. The Annual Report is also available on the Trust's website at www.nhit.co.in .
Key Resolutions on the Agenda
The 5th Annual Meeting will consider three ordinary business resolutions. The following table summarises the key agenda items:
| Resolution |
Details |
| Item 1 |
Adoption of Audited Standalone and Consolidated Financial Statements of NHIT for the financial year ended March 31, 2026, along with the Auditors' Report and Performance Report |
| Item 2 |
Adoption of the Valuation Report of NHIT's assets for the financial year ended March 31, 2026, as issued by M/s Ernst & Young Merchant Banking Services LLP on May 13, 2026, providing a total asset valuation of ₹56,988.00 Crores (Equity valuation of ₹9,458.80 Crores) and NAV of ₹152.44 per unit (pre-distribution) and ₹150.47 per unit (post-distribution) |
| Item 3 |
Re-appointment of M/s Ernst & Young Merchant Banking Services LLP (IBBI Registration No. IBBI/RV-E/05/2021/155) as Valuer of NHIT and its Project SPVs from the conclusion of the 5th AM until November 30, 2028 |
The re-appointment of the Valuer and the remuneration fixed by the Board are subject to unitholder approval. The proposed remuneration for EY as Valuer remains unchanged from the previous term, with annual fees of ₹1,20,000 (excluding GST) for a single project, monthly fees at 15% of the annual fee (if required), and quarterly/semi-annual fees at 30% of the annual fee (if required).
E-Voting and Participation Details
Unitholders will be able to participate and vote electronically. The remote e-voting facility will be open from 9:00 AM (IST) on Friday, July 24, 2026, to 5:00 PM (IST) on Sunday, July 26, 2026. The cut-off date for determining eligible voters is Monday, July 20, 2026. Voting during the AM will also be available through the e-voting system provided by KFin Technologies Limited.
| Parameter |
Details |
| Meeting Date & Time |
Monday, July 27, 2026 at 04:00 PM (IST) |
| Mode |
Video Conferencing (VC) / OAVM |
| Remote E-Voting Period |
July 24, 2026 (9:00 AM) to July 26, 2026 (5:00 PM) |
| Cut-off Date for E-Voting |
Monday, July 20, 2026 |
| Results Declaration |
On or before Wednesday, July 29, 2026 |
| Scrutinizer |
Mr. Kaushal Dalal (M. No.: F7141, COP: 7512), failing him Mr. Ritesh Rajput (M. No.: A69004, COP: 25678), M/s KDA & Associates |
| Helpline |
KFin Technologies Limited — 1800 309 4001 / evoting@kfintech.com |
The voting results will be declared on or before July 29, 2026, and communicated to the Stock Exchanges and displayed on the Trust's website.
FY 2025-26 Financial Performance
The Annual Report accompanying the meeting notice reflects significant growth in NHIT's financial performance. The following table presents the summary of audited consolidated financial results:
| Particulars (₹ Crore) |
FY 2025-26 |
FY 2024-25 |
| Total Income and Gains |
4,322.21 |
2,415.58 |
| Total Expenses and Losses |
4,002.26 |
2,293.26 |
| Profit Before Tax |
319.95 |
122.33 |
| Net Profit for the Year |
685.52 |
325.01 |
| EBITDA |
3,494.35 |
1,975.01 |
| Total Assets |
50,993.58 |
45,028.22 |
| Total Equity |
23,800.55 |
21,973.28 |
Total distributions for FY 2025-26 stood at ₹2,233.99 crore (₹11.33 per unit), compared to ₹1,031.27 crore (₹7.67 per unit) in FY 2024-25. The Trust's asset base expanded by approximately ₹6,366 crore during the year, taking total assets to ₹50,993.57 crore. The enterprise valuation of NHIT's specified assets as at March 31, 2026 stood at ₹57,373 crore, with a post-distribution NAV of ₹150.47 per unit. NHIT's investor base grew to over 700 investors, up from 323 in the previous year.
Portfolio and Operational Highlights
As at March 31, 2026, NHIT holds a diversified portfolio of 28 operating toll road projects with an aggregate length of 2,653 km across 12 states, following the successful completion of its 5th round of asset acquisition. NWPPL signed two new concession agreements with NHAI for a concession fee of ₹6,366.93 crore for a period of 20 years. The Trust's credit ratings were reaffirmed at AAA by both India Ratings & Research and CARE Ratings Limited. NHIT also achieved a CareEdge ESG Rating of ESG-2 with a score of 60.3, positioning it among the top-performing peers in India's infrastructure and highway sector. All three SPVs — NWPPL, NEPPL, and NSPPL — are certified under ISO 14001:2015 and ISO 45001:2018.
The decisions were communicated to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI InvIT Regulations and SEBI LODR Regulations.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0H7R23014/2ad05be588964178.pdf
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