NDR InvIT Trust has scheduled its Third Annual Meeting for July 28, 2026, at 12:30 p.m. (IST), to be held via Video Conferencing/Other Audio Visual Means. The meeting will consider adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the auditors and the Investment Manager. Unitholders will also consider adopting the valuation report of the Trust's assets as on March 31, 2026, issued by JC Valuers and Advisors Private Limited (IBBI Registration Number: IBBI/RV/02/2018/10129).
Meeting Schedule and Voting Details
The Trust has provided remote e-voting facility to unitholders holding units as on the cut-off date of July 21, 2026. Voting results will be published on the Trust's website and the Registrar and Transfer Agent's e-voting portal within two days of the meeting.
| Event: |
Date & Time |
| Meeting Date: |
July 28, 2026, at 12:30 p.m. (IST) |
| Remote E-Voting Start: |
July 25, 2026, at 9:00 a.m. (IST) |
| Remote E-Voting End: |
July 27, 2026, at 5:00 p.m. (IST) |
| Cut-Off Date (Voting Eligibility): |
July 21, 2026 |
FY26 Financial Performance
NDR InvIT Trust reported strong financial results for the financial year ended March 31, 2026. Consolidated revenue from operations grew 30% year-on-year to ₹4,202 million, while EBITDA rose 29% to ₹3,821 million. Profit after tax stood at ₹1,134.43 million. The distribution per unit for the year was ₹7.45, reflecting a year-on-year growth of 5.60%.
| Metric: |
FY 2025-26 |
FY 2024-25 |
Change |
| Revenue (₹ million): |
4,202 |
3,241 |
+30% |
| EBITDA (₹ million): |
3,821 |
2,959 |
+29% |
| Profit After Tax (₹ million): |
1,134.43 |
1,367 |
— |
| Distribution Per Unit (₹): |
7.45 |
7.05 |
+5.60% |
| Distribution (₹ million): |
3,067.39 |
2,734.07 |
— |
Portfolio and Operational Highlights
As of March 31, 2026, the Trust managed a leasable area (AUM) of 22.17 million sq. ft. with an occupancy level of approximately 99% and a Weighted Average Lease Expiry (WALE) of 11.3 years. The portfolio spans 17 cities across India, covering more than 70 warehouses and 40 industrial parks, serving over 100 clients. The Trust's total asset portfolio was independently valued at ₹73,081 million by JC Valuers and Advisors Private Limited.
| Portfolio Parameter: |
Details |
| Leasable Area (AUM): |
22.17 mn sq. ft. |
| Occupancy Level: |
~99% |
| WALE: |
11.3 years |
| Cities: |
17 |
| Warehouses: |
70+ |
| Industrial Parks: |
40+ |
| Clients: |
100+ |
| Total Portfolio Valuation: |
₹73,081 million |
| ROFO Pipeline: |
13.0 msf |
Distribution History
Since listing, the Trust has completed nine distributions to unitholders. During the financial year ended March 31, 2026, four distributions were declared. The following table summarises the distribution history for FY 2025-26.
| Distribution Period: |
Total Distribution Per Unit (₹) |
Distribution Date |
| Q4 FY 2024-25: |
1.80 |
May 29, 2025 |
| Q1 FY 2025-26: |
1.825 |
August 8, 2025 |
| Q2 FY 2025-26: |
1.825 |
November 14, 2025 |
| Q3 FY 2025-26: |
1.875 |
February 16, 2026 |
| Q4 FY 2025-26: |
1.920 |
June 2, 2026 |
Unit Price Performance and NAV
During the financial year ended March 31, 2026, the Trust's unit price on NSE opened at ₹107.00 and closed at ₹124.00, reaching a high of ₹139.90. The average daily volume traded was 1,08,197 units. The Net Asset Value (NAV) per unit at fair value stood at ₹142.03 as at March 31, 2026, compared to ₹135.52 as at March 31, 2025.
| Unit Price Metric: |
Value |
| Unit Price at Beginning of FY: |
₹107.00 |
| Unit Price at Close of FY: |
₹124.00 |
| Highest Unit Price: |
₹139.90 |
| Lowest Unit Price: |
₹107.00 |
| Average Daily Volume Traded: |
1,08,197 units |
| NAV Per Unit (Fair Value): |
₹142.03 |
Credit Ratings and Borrowings
The Trust continues to hold AAA/Stable ratings from both Care Edge Ratings and India Ratings & Research (FITCH) for its Non-Convertible Debentures aggregating ₹20,000 million, last reviewed on April 16, 2026. Current leverage stands at 18.16%. Consolidated secured borrowings as at March 31, 2026 stood at ₹19,931.14 million.
| Rating Detail: |
Details |
| Care Edge Ratings: |
CARE AAA/Stable |
| India Ratings & Research: |
IND AAA/Stable |
| Rated Amount (NCD): |
₹20,000 million |
| Rating Review Date: |
April 16, 2026 |
| Leverage: |
18.16% |
Asset Acquisitions During the Year
During the financial year ended March 31, 2026, the Trust acquired three new project SPVs, expanding its portfolio across key logistics markets.
| Asset: |
Location |
GAV (₹ crore) |
EV (₹ crore) |
| MLG Warehousing & Industrial Park Private Limited: |
Mohanlalganj, Lucknow |
153 |
143 |
| NDR Unique Space Private Limited: |
Hosur, Krishnagiri District, Tamil Nadu |
294.30 |
285 |
| NDR Bigbox Private Limited: |
Pune |
208 |
203 |
Subsequent to the financial year end, the Trust allotted 6,20,26,829 units on a preferential basis on May 26, 2026, at an issue price of ₹135.80 per unit, aggregating to ₹842,32,43,378.20. Following this allotment, the total issued and outstanding units of the Trust increased to 45,80,39,043 units.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0Q7Q23015/ec8c9354bdb540aa.pdf
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