National Highways Infra Trust unitholders approved the audited financial statements for FY26 and re-appointed its asset valuer during the fifth annual meeting held on July 27, 2026. The resolutions passed with unanimous support from all participating unitholders, comprising sponsors and institutional investors, while non-institutional public holders did not cast votes. 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 fiscal year ended March 31, 2026.

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 voting results and the Scrutinizer’s Report to the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 29, 2026.

Voting Results and Participation

A total of 751 unitholders were on record as of the cut-off date, July 20, 2026. Only two public unitholders attended the meeting via video conferencing, but no votes were polled from this segment. The voting participation was driven entirely by remote e-voting from sponsor/related parties and public institutional holders.

The remote 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 was also active during the meeting and closed automatically 15 minutes after the meeting's conclusion at 4:25 p.m. IST.

Key Resolutions Passed

Unitholders transacted three ordinary resolutions, each requiring a simple majority under Regulation 22(3) of the SEBI InvIT Regulations.

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.

Governance and Scrutiny

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.

Ritesh Rajput, Partner at M/s KDA & Associates, served as the independent scrutinizer. His report confirmed that the voting process was conducted fairly and transparently. Institutional unitholders who submitted scanned board resolutions via email or uploaded them to the KFin Technologies Limited portal had their votes considered valid. Abstentions were treated as invalid votes for the purpose of combining remote and meeting e-voting results.

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%).