Roadstar Infra Investment Trust's subsidiary, Pune Sholapur Road Development Company Limited (PSRDCL), has secured a settlement of ₹499.09 Crore from the National Highways Authority of India (NHAI). The agreement, executed on July 10, 2026, resolves long-standing disputes between the two entities and provides a final resolution to claims previously adjudicated by the Delhi High Court.

The settlement was reached under Section 73(2) of the Arbitration and Conciliation Act, 1996, utilizing the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme. This mechanism facilitates the resolution of contractual disputes within the Ministry of Road Transport and Highways (MoRTH) sector. The agreement concludes the litigation process concerning an arbitral award originally dated November 30, 2017.

The original arbitral award of ₹547.96 Crore was issued in 2017 and was subsequently upheld by the Hon'ble High Court of Delhi via an order on March 14, 2019. The final settlement amount of ₹499.09 Crore represents the full and final payment agreed upon by NHAI to discharge all obligations related to the dispute with PSRDCL.

Roadstar Investment Managers Limited, acting as the Investment Manager of Roadstar Infra Investment Trust, disclosed the development to the stock exchanges. The intimation was filed in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Roadstar Infra Investment Trust announced that the National Highways Authority of India (NHAI) has restored the Wholesale Price Index (WPI) linking factor to 1.641 for the computation of toll fees. This regulatory update supersedes the prior directive issued on September 13, 2025, which had revised the factor to 1.561, thereby impacting the calculation of annual user fee hikes. The restoration ensures that the methodology for connecting the WPI series of 2004-05 to the 2011-12 series remains consistent with the original framework adopted in 2018.

The Trust, in its filing to the exchanges, referenced NHAI Policy Circular No. 18.127/2026 dated July 08, 2026. This circular was issued in pursuance of Office Memorandum No. H-24032/05/2025-Toll (E-253390) dated June 29, 2026, from the Ministry of Road Transport & Highways (MoRTH). The MoRTH directive specifically mandates the adoption of the 1.641 linking factor for all existing contracts and concession agreements, including those of the Trust's Special Purpose Vehicles (SPVs).

The decision follows observations from the Comptroller and Auditor General (C&AG) and directions from the Hon'ble High Court of Delhi regarding the use of the linking factor. The MoRTH memorandum highlights that the move aims to maintain uniformity and consistency in implementation across National Highway projects. The 1.641 factor was originally adopted by NHAI via Policy Circular No. 18.30 dated March 20, 2018.

The latest circular explicitly supersedes the NHAI notification dated September 13, 2025 (Policy Circular No. 18.109/2025). The earlier circular had altered the base year conversion rate from 1.641 to 1.561, affecting the toll fee revision mechanism. The restoration of the original factor applies to all future National Highway projects until further orders or amendments to the National Highways Fee Rules are issued.

The filing was signed by Jyotsna Shyamkant Matondkar, Company Secretary & Compliance Officer of Roadstar Investment Managers Limited, acting as the Investment Manager to the Trust.