Nxt-Infra Trust approved raising up to ₹55,000 million through external borrowings and issuing 227 million units on a preferential basis for ₹21,000 million on June 17, 2026. The Board of Directors of Walter Infra Manager Private Limited, the Investment Manager to the Trust, sanctioned these proposals to bolster financial resources and refinance existing debt. The aggregate consolidated borrowings and deferred payments of the Trust and its SPVs, net of cash and cash equivalents, are expected to exceed 49% of the Trust's asset value, subject to the 70% limit under InvIT Regulations.

The proceeds from the proposed borrowings will be utilized for refinancing existing external debt obligations of the Trust and its identified SPVs, in compliance with SEBI (Infrastructure Investment Trusts) Regulations, 2014 and applicable circulars. The Trust has scheduled an Extra-Ordinary Meeting of the Unitholders on July 10, 2026, via video conferencing to seek necessary approvals for these proposals.

Key Approvals

The meeting commenced at 17:23 Hrs IST and concluded at 18:34 Hrs IST. The filing was submitted to the exchanges and signed by Aditi Sagar Tawde, Company Secretary and Compliance Officer for Nxt-Infra Trust.

Nxt-Infra Trust reported a total income of INR 5,765 million and a profit for the period of INR 1,009 million for the financial year ended March 31, 2026. The Trust's revenue for March 2026 stood at INR 9.52 billion, driven by a balanced mix of availability-based Hybrid Annuity Model (HAM) and toll-based cash flows across its portfolio of six assets spanning five states. The board, convened by investment manager Walter Infra Manager Private Limited, approved the audited financial results and a distribution of INR 4.3475 per unit for the quarter ended March 31, 2026.

Financial Performance

The Trust reported a Profit Before Tax of INR 1,261 million for the year ended March 31, 2026, while the Profit for the Period was INR 1,009 million. On a standalone basis, the Profit for the Period was higher at INR 2,056 million. EBITDA for the consolidated financial year reached INR 4,578 million. The outstanding debt as of March 31, 2026, was INR 31,162 million, with an average cost of debt of 7.31% from January onwards.

Distribution and Unitholders

The board declared a total distribution of INR 4,909 million in FY26, translating to INR 17.23 per unit. For Q4 FY26, the distribution of INR 4.3475 per unit comprises INR 2.8887 as interest and INR 1.4588 as repayment of capital. The record date for determining eligibility is set for June 02, 2026, with payment scheduled on or before June 09, 2026. The Trust has witnessed a fivefold growth in the number of unitholders, rising from 8 in June 2024 to over 45 at present.

Portfolio Overview

Nxt-Infra Trust holds a diversified portfolio of 2,067 lane kilometers with a weighted average remaining concession life of 9.6 years as of March 2026. The assets include the Delhi Meerut Expressway (DME), Chutmalpur Ganeshpur (CGRG), Gagalkerhi – Sahranpur (GSY), Chikkali – Tarsod (CTHPL), Amravati (AM2), and Mukarba Chowk Panipat (MCP). The Trust maintains a CRISIL AAA/Stable credit rating and is ranked number one in India Roads in GSERB (ESG) ratings with a score of 96/100.

Valuation and Future Plans

The Net Asset Value (NAV) of the Trust as of March 31, 2026, is INR 97.13 per unit pre-distribution and INR 92.78 per unit post-distribution. The board granted omnibus approval for raising further unit capital up to INR 27,000 million and approved an institutional placement of units aggregating up to INR 10,000 million. Additionally, the board approved the execution of Securities Purchase Agreements for the acquisition of securities holding and beneficial ownership of certain asset Special Purpose Vehicles, including Darah Jhalawar Highways Private Limited, Vadodara Kim Expressway Private Limited, and Calicut Expressway Private Limited.