Oriental InfraTrust Unitholders Pass Key Resolution at 1st EGM for FY 2026-27
Oriental InfraTrust held its 1st EGM for FY 2026-27 on May 07, 2026, via Video Conferencing, with 9 unitholders on record as of the cut-off date of May 01, 2026. The sole resolution — to authorize the board to amend and adopt the Future SPV Acquisition Agreement, Acquisition Policy, Major Maintenance Agreements, and Project Management Agreements — was passed with significant majority. Out of 58,30,78,789 total outstanding units, 23,06,00,000 units were polled (96.84% of eligible units, excluding sponsor units), with all valid votes cast entirely in favour and zero votes against. The scrutinizer's report was submitted by CS Bhavya Nailwal of M/s ASKBN AND Company on May 08, 2026.
*this image is generated using AI for illustrative purposes only.
Oriental InfraTrust held its 1st Extraordinary General Meeting (EGM) for FY 2026-27 on Thursday, May 07, 2026, at 3:00 P.M. (IST), conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was convened in accordance 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, and the notice sent to unitholders dated April 30, 2026. The meeting commenced at 3:00 P.M. (IST) and concluded at 3:22 P.M. (IST), including the time allowed for e-voting at the EGM.
Meeting Attendance and Proceedings
The EGM was chaired by Ms. Pravin Tripathi, Independent Director, with Mr. Ashish Jasoria (Chief Financial Officer) and Mr. Gaurav Puri (Compliance Officer) also present. The authorised representative of the Trustee (Axis Trustee Services Limited), Statutory Auditors (Walker Chandio & Co. LLP), Scrutinizer (Mr. Bhavya Nailwal, M/s. ASKBN AND Company), and a representative of OIT Infrastructure Management Limited also joined the meeting. The following key personnel attended the EGM:
| Attendee: | Designation |
|---|---|
| Ms. Pravin Tripathi | Independent Director, Chairperson |
| Mr. Ashish Jasoria | Chief Financial Officer |
| Mr. Gaurav Puri | Compliance Officer |
The cut-off date for determining voting rights was Friday, May 01, 2026. Remote e-voting was open from Monday, May 04, 2026 at 9:00 A.M. (IST) to Wednesday, May 06, 2026 at 5:00 P.M. (IST), facilitated by KFin Technologies Limited. A total of 9 unitholders were on record as of the cut-off date.
Resolution Considered at the EGM
One resolution was placed before the unitholders at the EGM, requiring passage by significant majority — defined as votes cast in favour exceeding 60% of total votes cast, in terms of Regulation 22(3) of the SEBI InvIT Regulations.
| Resolution No.: | Description |
|---|---|
| Resolution 1 | To authorize the Board to amend and adopt Future SPV Acquisition Agreement, Acquisition Policy, Major Maintenance Agreements, and Project Management Agreements |
The Scrutinizer confirmed that no queries were received from unitholders in advance of the meeting. The resolution was subsequently declared passed with significant majority.
Consolidated Voting Results
The voting results, as certified by Scrutinizer Mr. Bhavya Nailwal of M/s ASKBN AND Company, are detailed below. Since the Sponsors were identified as interested parties in the resolution, 34,49,45,827 units held by Sponsors/Investment Manager/Project Manager and their associates were excluded from the calculation of percentage of votes polled on outstanding units.
| Category: | Units Held | Units Polled | % Votes Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Sponsors/IM/PM & Associates | 344945827 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public – Institutional | 226200000 | 226200000 | 100 | 226200000 | 0 | 100 | 0 |
| Public – Non-Institutional | 11932962 | 4400000 | 36.87 | 4400000 | 0 | 100 | 0 |
| Grand Total | 583078789 | 230600000 | 96.84* | 230600000 | 0 | 100 | 0 |
*Sponsor units of 344945827 excluded from the percentage calculation as Sponsors are interested parties.
The breakdown of votes in favour, against, and invalid votes is summarised below:
| Vote Type: | Unitholders | Votes Cast | % of Valid Votes |
|---|---|---|---|
| In Favour (Remote e-voting) | 5 | 230600000 | 100 |
| Against (Remote e-voting) | 0 | 0 | 0.00 |
| Invalid Votes | 0 | 0 | 0.00 |
Outcome
As votes cast in favour of Resolution 1 exceeded 60% of total valid votes cast, the resolution was declared passed with significant majority. All resolutions as per the EGM Notice dated April 30, 2026 stand passed with the requisite majority and are deemed passed as on the date of the EGM, i.e., May 07, 2026. The consolidated scrutinizer report was submitted by CS Bhavya Nailwal (FCS: 12383; CP No.: 24161) on May 08, 2026. The voting results and scrutinizer report have been submitted to the stock exchanges and will be hosted on the Trust's website at www.orientalinfratrust.com .
Which specific future SPV acquisitions is Oriental InfraTrust likely to pursue following the amendment of the Future SPV Acquisition Agreement, and how might these expand its infrastructure portfolio?
How could the revised Acquisition Policy and Project Management Agreements impact Oriental InfraTrust's distribution yields and unit valuations for existing unitholders?
Given that only 36.87% of non-institutional unitholders participated in voting, what steps might Oriental InfraTrust take to improve retail unitholder engagement in future EGMs?
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