National Highways Infra Trust unitholders approved the audited financial statements for the fiscal year ended March 31, 2026, and re-appointed its asset valuer during the fifth annual meeting held on July 27, 2026. The meeting, conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM), also saw the adoption of the valuation report for the trust’s assets for the same period.

The proceedings were held in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, read with the SEBI Master Circular bearing reference no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. National Highways Infra Investment Managers Private Limited, acting as the investment manager, submitted the proceedings to the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Key Resolutions Passed

Unitholders transacted three ordinary resolutions during the meeting. The primary focus was on the approval of the financial health and asset valuation of the trust for FY26.

The re-appointment resolution extends the tenure of the current valuer from the conclusion of the annual meeting until November 30, 2028, ensuring continuity in asset assessment processes.

Attendance and Governance

The meeting was chaired by Sumit Bose, Independent Director and Chairman of the Nomination & Remuneration Committee. Other key attendees included Managing Director and CEO Rakshit Jain, Chief Financial Officer Mathew George, and Company Secretary Gunjan Singh.

Notable absences included Debapratim Hajara and Pushkar Kulkarni, both Unitholder Nominee Directors, and Usha Rao Monari, an Independent Director, who were unable to attend due to prior commitments. The quorum was established with the presence of two unitholders.

Invitees present included representatives from statutory auditors A.R. & Co., trustee IDBI Trusteeship Services Ltd, debenture trustee SBICAP Trustee Company Ltd, and valuer Ernst & Young Merchant Banking Services LLP. Vaibhav Garg represented the secretarial auditor, M/s Garg Vaibhav & Associates, while Ritesh Rajput served as the scrutinizer from M/s KDA & Associates.

Voting Process

In accordance with regulatory requirements, NHIT facilitated remote e-voting through KFin Technologies Limited. The cut-off date for determining voting rights was July 20, 2026. The e-voting window remained open from 9:00 a.m. IST on July 24, 2026, until 5:00 p.m. IST on July 26, 2026. The facility remained active during the meeting for those who had not voted earlier and closed automatically 15 minutes after the meeting's conclusion at 4:25 p.m. IST.

No queries were raised by the attending unitholders during the question-and-answer session. The consolidated voting results and the scrutinizer’s report were scheduled to be published on the NHIT website and the KFinTech portal within 48 hours of the meeting's conclusion.

National Highways Infra Trust disclosed a public holding of 89.50% in its unitholding pattern for the quarter ended June 30, 2026. The total units outstanding for the period were 2,13,85,50,600. The filing was submitted to the exchanges in compliance with SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Sponsor and Public Holdings

The Sponsor and Sponsor Group held a total of 22,44,54,500 units, representing 10.50% of the total outstanding units. This entire holding was classified under the Central/State Govt. category within the Indian segment. All sponsor units were mandatorily held, with no units pledged or otherwise encumbered.

Public holding accounted for the remaining 1,91,40,96,100 units, or 89.50% of the total. The public holding was divided between institutions and non-institutions.

Institutional Breakdown

Institutions held the majority of the public units, totaling 1,52,66,32,217 units, which constituted 71.39% of the total outstanding units. The largest category within institutions was Foreign Bodies Corporates, holding 1,00,70,75,300 units (47.09%).

Other significant institutional holders included Provident/pension funds with 16,94,52,367 units (7.92%), Insurance Companies with 8,60,12,365 units (4.02%), and Foreign Portfolio Investors with 15,41,95,671 units (7.21%).

Non-Institutional Breakdown

Non-institutions held 38,74,63,883 units, accounting for 18.12% of the total outstanding units. The Central Government/State Governments held 18,26,69,600 units (8.54%), while Bodies Corporates held 8,36,25,153 units (3.91%). Individuals held 5,50,92,247 units (2.58%), and NBFCs registered with RBI held 5,06,00,000 units (2.37%).