POWERGRID Infrastructure Investment Trust (PGInvIT) has announced the outcome of the Board of Directors meeting of POWERGRID Unchahar Transmission Limited (PUTL), its Investment Manager, held on Friday, May 15, 2026. The board approved the audited financial results for the financial year ended March 31, 2026, declared a distribution to unitholders, and adopted an independent valuation report for the trust's transmission asset portfolio. The board meeting commenced at 01:30 P.M. and concluded at 03:20 P.M.

Key Decisions from the Board Meeting

The board meeting considered and approved the following key matters:

• Audited Standalone and Consolidated Financial Information of PGInvIT for the financial year ended March 31, 2026, along with audit reports issued by the Statutory Auditors.
• Declaration of distribution of ₹3.00 per unit for the quarter ended March 31, 2026.
• Valuation Report prepared by independent valuer M/s INMACS Valuers Private Limited (IBBI registration number IBBI/RV-E/02/2021/141) for the period ended March 31, 2026.

PUTL also confirmed that there is no erosion in its net worth as per financial statements for the period ended March 31, 2026, compared to the period ended March 31, 2025.

Distribution Breakdown and Key Dates

The declared distribution of ₹3.00 per unit for the quarter ended March 31, 2026 comprises the following components:

The following important dates have been disclosed in connection with the board meeting and distribution:

Net Asset Value and Independent Valuation

Pursuant to Regulation 10 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, the Net Asset Value (NAV) of PGInvIT as on March 31, 2026 is ₹90.79 per unit, based on the Valuation Report issued by INMACS Valuers Private Limited. The valuation was conducted using the Discounted Cash Flow (DCF) method under the Income Approach, with a Weighted Average Cost of Capital (WACC) of 8.00% applied uniformly across all five Special Purpose Vehicles (SPVs).

The valuation summary for PGInvIT's five transmission asset SPVs as on March 31, 2026 is as follows:

The valuation was carried out by INMACS Valuers Private Limited (Valuation Reference No. IOVRVF/IMV/2026-2027/7243), dated May 13, 2026. The risk-free rate used was 7.16%, based on the CCIL Zero-Coupon G-Sec yield maturity of 10 years as of March 31, 2026. The Equity Risk Premium for India was calculated at 7.08%, and a debt-equity ratio of 70:30 was adopted for the WACC computation.

Asset Portfolio Overview

PGInvIT holds 100% equity stake in each of its five inter-State Transmission System (ISTS) project SPVs, implemented under the Tariff Based Competitive Bidding (TBCB) mechanism. The portfolio comprises 11 transmission lines with a total circuit length of approximately 3,698.59 ckm, three substations with 6,630 MVA of aggregate transformation capacity, and 1,955.66 km of optical ground wire.

Each of the portfolio assets has a long-term Transmission Service Agreement (TSA) of 35 years from the Scheduled Commercial Operation Date. PGInvIT acquired 74% equity stake in each SPV during its IPO in May 2021, subsequently acquiring the remaining 26% stake in VTL on March 31, 2022, and in KATL, PPTL, WTL, and JPTL on December 30, 2024.

Trading Window Closure

In accordance with the Policy on Unpublished Price Sensitive Information and Dealing in Units by the Parties to PGInvIT, the Trading Window for trading and dealing in units of PGInvIT has been closed since Tuesday, March 31, 2026, for Designated Persons. The Trading Window will remain closed until Sunday, May 17, 2026, and is set to reopen on Monday, May 18, 2026.

The intimation was signed by Shwetank Kumar, Company Secretary & Compliance Officer of POWERGRID Unchahar Transmission Limited, and a copy was also marked to IDBI Trusteeship Services Limited, the trustee of PGInvIT.

POWERGRID Infrastructure Investment Trust (PGInvIT) has announced an earnings conference call to discuss its financial performance for Q4 and the full financial year 2026. The call is scheduled for Tuesday, May 19, 2026, at 11:00 A.M. (IST) and will cover results for the quarter and financial year ended March 31, 2026. The announcement was made by POWERGRID Unchahar Transmission Limited in its capacity as the Investment Manager of PGInvIT, via an intimation dated May 14, 2026.

Key Details of the Earnings Conference Call

The earnings call will be organised by ICICI Securities and will be accessible to participants through universal dial-in numbers as well as international toll-free lines. The following table summarises the key logistical details of the event:

International Access Numbers

Participants from outside India can join the call using the following international toll-free numbers:

Senior Leadership Representation

The earnings conference call will be represented by PGInvIT's senior management team, reflecting the trust's commitment to transparent investor communication. The following officials are scheduled to participate:

• Mr. Naveen Srivastava — Chairman
• Mr. Sanjay Sharma — Director
• Mr. Amit Garg — Director
• Smt. Neela Das — Chief Executive Officer
• Mr. Gaurav Malik — Chief Financial Officer
• Mr. Shwetank Kumar — Company Secretary & Compliance Officer

Call Coordination

The conference call coordination is being managed by ICICI Securities. The designated call coordinator is Mr. Jaideep Goswami, Head of Equities. Additional coordination contacts include Mr. Mohit Kumar (Phone: +91 22 6807 7419) and Ms. Nidhi Shah (Phone: +91 22 6807 7230). For any clarifications, participants may reach out to Mr. Rushad Kapadia (Phone: +91 22 6807 7334), Ms. Seema Sehgal (Phone: +91 9871116926), or Ms. Minali Ginwala (Phone: +91 22 6807 7454). Further information is available on PGInvIT's official website at www.pginvit.in .