Raajmarg Infra Investment Trust has reported no deviation in the utilization of funds raised through its public issue for the quarter ended March 31, 2026. The trust raised ₹6,000 crore via the issuance of 60,00,00,000 units, with the allotment date recorded as March 18, 2026. Statutory auditors A.R. & Co. certified that the information regarding fund usage is true and correct in all material respects.

The filing was submitted pursuant to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and relevant master circulars. Raajmarg Infra Investment Managers Private Limited, acting as the Investment Manager, provided the Statement of Deviation/Variation to the exchanges. The trust confirmed that there were no deviations in the objects or purposes for which the funds were raised, nor any changes in the amounts utilized compared to original disclosures.

Fund Utilization Details

The funds were allocated across three primary categories: infusion of debt and equity into the Special Purpose Vehicle (SPV), issue expenses, and general purposes. The total amount raised was ₹6,00,000.00 lakh, with a modified allocation of ₹5,85,151.84 lakh. The table below details the allocation and utilization status as of March 31, 2026.

Auditor Certification

A.R. & Co., Chartered Accountants, conducted an examination of relevant records and documents in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The firm confirmed compliance with ethical requirements and quality control standards. The opinion stated that the information in Annexure A regarding fund utilization is true and correct. The comments of the Audit Committee and the auditors regarding deviations were noted as NIL.

Raajmarg Infra Investment Trust has reported a Net Asset Value (NAV) of ₹100.72 per unit for the financial year ended March 31, 2026, following the approval of its audited standalone and consolidated financial results. The valuation, assessed by Independent Valuer M/s RBSA Valuation Advisors LLP, was approved by the Board of Directors of Raajmarg Infra Investment Managers Private Limited, acting as the Investment Manager to the trust. The Statutory Auditors, M/s. A R & Co., Chartered Accountants, issued an unmodified opinion on the annual audited financial results and statements for FY26.

The trust reported total assets of ₹9,80,685.54 lakh and total liabilities of ₹3,76,365.50 lakh, resulting in net assets of ₹6,04,320.04 lakh. This financial position supports the NAV per unit derived from the total outstanding units. The valuation report provides a detailed assessment of the trust's underlying asset value as of March 31, 2026.

Valuation Details

The following table outlines the key financial metrics used to determine the NAV per unit:

Board Appointments

The Board appointed Mr. Anil Agarwal (DIN: 11646324) as a Nominee Director effective May 25, 2026. Mr. Agarwal is an accomplished banking professional with over 29 years of experience in India’s BFSI sector. Additionally, the Board reconstituted the Nomination and Remuneration Committee to include Mr. Giridhar Aramane as a new member.

The trading window for dealing in units of the InvIT remains closed until 48 hours after the dissemination of the financial results to the Stock Exchanges. The disclosure was confirmed by Ms. Gunjan Rajpal, Company Secretary and Compliance Officer.