Rapid Holdings 2 Pte. Ltd., the Sponsor of energy infrastructure trust , has sold a portion of its holding in the Trust. The disclosure regarding the sale was received by the Investment Manager on May 22, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The transaction involved the sale of 3,04,00,000 units on May 21, 2026. The total value of the transaction was ₹2,31,34,40,000, excluding taxes and brokerage. The sale was executed on the market through the BSE Limited exchange.

Change in Holding

Prior to the disposal, Rapid Holdings 2 Pte. Ltd. held 25,76,50,000 units, representing a 38.80% shareholding in the Trust. Following the sale, the Sponsor's holding has decreased to 22,72,50,000 units, which now accounts for 34.22% of the total shareholding.

The following table details the change in the Sponsor's holding:

Regulatory Disclosure

The disclosure was submitted in Form C pursuant to Regulation 17.4.1 of the Code of Conduct for Prohibition of Insider Trading of Energy Infrastructure Trust. The Trust confirmed that there were no trading activities in derivatives by the Sponsor or related persons during this period.

Energy Infrastructure Trust 's Investment Manager, EnCap Investment Manager Private Limited, convened its Board of Directors meeting on Wednesday, May 13, 2026, and approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The board declared a Net Asset Value (NAV) of ₹80.14 per unit for the Trust as on March 31, 2026, as per Regulation 10(22) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The Investment Manager confirmed there is no erosion in the net worth of the Company as per the financial statements for the period ended March 31, 2026, compared to March 31, 2025. Subsequently, the management held an investor conference call on May 14, 2026, to discuss the performance and outlook.

Consolidated Financial Performance

The Trust and its subsidiary Pipeline Infrastructure Limited (PIL) reported the following consolidated financial results for the year ended March 31, 2026. Revenue from operations stood at ₹3,817.13 crore, while total income came in at ₹3,899.12 crore. The Trust recorded a consolidated net profit of ₹117.85 crore attributable to unitholders, a significant improvement over the prior year. Basic and diluted earnings per unit stood at ₹1.77.

Operational Highlights

According to the investor presentation, the Trust reported a transportation volume of 34.46 mmscmd for FY26, with a realised tariff of ₹79.3 per MMBTU. The net debt to AUM ratio stood at 45.1% as on March 31, 2026. The enterprise value of the SPV (PIL) as determined by the independent valuer was ₹11,891.78 crore as at March 31, 2026.

Consolidated Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects total assets of ₹12,931.73 crore. Total equity attributable to unitholders stood at ₹495.46 crore, with non-controlling interest of ₹4,045.17 crore. Total borrowings (non-current and current) amounted to ₹6,587.91 crore. Cash and cash equivalents improved to ₹829.98 crore from ₹647.10 crore in the prior year.

Net Asset Value and Fair Value

The consolidated statement of net assets at fair value as at March 31, 2026 shows total assets at fair value of ₹13,712.38 crore against liabilities of ₹8,391.10 crore, resulting in net assets attributable to unitholders at fair value of ₹5,321.28 crore. The NAV per unit on a book value basis stood at ₹68.38, while the fair value NAV per unit was declared at ₹80.14.

Net Distributable Cash Flows and Distributions

The Net Distributable Cash Flows (NDCF) at the Trust level for the year ended March 31, 2026 stood at ₹1,022.42 crore, with net distributable cash flows including surplus cash at ₹1,023.23 crore. At the SPV (PIL) level, the NDCF was ₹1,031.14 crore. During the year, total distributions of ₹1,012.62 crore were made to unitholders, comprising return of capital of ₹535.91 crore and return on capital of ₹476.71 crore across four quarterly tranches.

Subsequent to March 31, 2026, the Investment Manager declared a further distribution of ₹250.29 crore (return of capital ₹142.23 crore and return on capital ₹118.06 crore), paid between April 17–20, 2026.

Standalone Financial Results

On a standalone basis, the Trust reported total income of ₹486.83 crore for the year ended March 31, 2026, compared to ₹848.61 crore in the prior year. Profit after tax stood at ₹444.11 crore versus ₹820.87 crore previously, with basic and diluted earnings per unit at ₹6.69. The standalone NAV per unit at fair value was ₹80.14.

Credit Ratings and Regulatory Compliance

The Trust holds a "CRISIL AAA/Stable" rating, reaffirmed by CRISIL on March 09, 2026 and reviewed on April 13, 2026, as well as a "CARE AAA/Stable" rating reaffirmed by CARE Ratings on October 16, 2025 and April 28, 2026. The SPV's listed non-convertible debentures (NCDs) also carry "CRISIL AAA/Stable" and "CARE AAA/Stable" ratings with no revision. The board meeting intimation and financial results are available on the Trust's official website at www.pipelineinvit.com . The filing was signed by Ankitha Jain, Company Secretary and Compliance Officer (Membership No.: A36271), and Axis Trustee Services Limited was copied on the communication.