Roadstar Infra Investment Trust subsidiary Pune Sholapur Road Development Company Limited (PSRDCL) has fully repaid its external debt of ₹528.83 crore. The repayment was executed on September 1, 2026, utilizing proceeds from a recent arbitration settlement and additional borrowings from the trust.

PSRDCL received a net settlement amount of ₹473.72 crore from the National Highways Authority of India (NHAI). This payment was part of the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme. The gross settlement value before tax deduction at source (TDS) was ₹499.09 crore.

Debt Repayment Details

The company utilized the settlement proceeds alongside internal borrowings to clear obligations with multiple financial institutions. The lenders receiving full repayment include:

• Bank of India
• Bank of Baroda
• Bank of Maharashtra
• Canara Bank
• Indian Bank
• Indian Overseas Bank
• Punjab National Bank
• Punjab & Sind Bank
• Union Bank of India
• UCO Bank
• IndusInd Bank Limited
• Aditya Birla Finance Limited

What the Numbers Show

The settlement inflow of ₹473.72 crore covered approximately 89.6% of the total ₹528.83 crore debt cleared, indicating that the majority of the liability reduction was driven by the regulatory settlement rather than internal cash reserves alone. The remaining gap was bridged by borrowings from the trust, allowing for the complete extinguishment of these specific external obligations in a single transaction.

Roadstar Infra Investment Trust has confirmed that its subsidiary, Pune Sholapur Road Development Company Limited (PSRDCL), received a net settlement of ₹473.72 crore from the National Highways Authority of India (NHAI) on July 31, 2026. The payment resolves contractual disputes under the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme, providing significant liquidity and closing a long-standing dispute for the infrastructure investment trust.

The receipt follows the execution of a Settlement Agreement between PSRDCL and NHAI, which the Trust previously intimated to stock exchanges on July 13, 2026. The gross settlement amount stood at ₹499.09 crore. After deducting tax at source (TDS) on the settlement amount, the net proceeds received by PSRDCL totaled ₹473.72 crore. This transaction aligns with the terms outlined in the signed agreement.

Settlement Details

The financial specifics of the settlement are detailed below:

Regulatory Disclosures

Roadstar Investment Managers Limited, acting as the Investment Manager of Roadstar Infra Investment Trust, issued the disclosure to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 1, 2026. The communication was signed by Jyotsna Matondkar, Company Secretary & Compliance Officer of Roadstar Investment Managers Limited, bearing ICSI Membership No. A19792. The disclosure serves as an update to the earlier announcement regarding the execution of the settlement agreement, confirming the actual inflow of funds as per the agreed terms.