Vertis Infrastructure Trust has announced that the National Highways Authority of India (NHAI) has reinstated the Wholesale Price Index (WPI) linking factor to 1.641 for the computation of user fee rates. This decision, effective from July 08, 2026, follows an Office Memorandum dated June 29, 2026, issued by the Ministry of Road Transport & Highways. The reinstatement ensures that the linking factor of 1.641 will continue to be followed for the revision of user fees under all existing contracts and concession agreements, including those held by the Trust's Special Purpose Vehicles (SPVs).

The development marks a reversal of the NHAI Circular dated September 13, 2025, which had initially revised the linking factor from 1.641 to 1.561. That earlier circular was subsequently kept in abeyance by an order from the Hon'ble High Court of Delhi dated October 17, 2025. The latest Policy Circular No. 18.127/2026 supersedes the September 2025 notification and directs that the 1.641 factor be adopted for all existing NHAI contracts until further orders are issued.

The Ministry of Road Transport & Highways, in its Office Memorandum, stated that the decision to maintain the 1.641 factor aims to preserve uniformity and consistency in implementation across projects. This guideline will also apply to all future National Highway projects pending any further amendments to the NH Fee Rules. The Trust confirmed that the information regarding this regulatory update has been uploaded to its official website.

The table below outlines the sequence of events regarding the WPI linking factor revision:

The Trust, acting through its Investment Manager Vertis Fund Advisors Private Limited, filed the disclosure with the exchanges on July 09, 2026. Axis Trustee Services Limited, Catalyst Trusteeship Limited, and ICICI Bank Limited were copied on the communication in their capacities as Unit Trustee, Debenture Trustee, and Issuing & Paying Agent, respectively.

Vertis Infrastructure Trust will convene its Fourth Annual Meeting on July 27, 2026, through video conferencing to seek unitholder approval for its audited financial statements for the year ended March 31, 2026. The meeting, scheduled for 03:30 PM IST, will also address the appointment of a registered valuer for the Trust's assets for the period commencing April 1, 2026.

The Trust's board has recommended the adoption of the Audited Standalone and Consolidated Financial Statements for FY26, along with the Report of the Statutory Auditors and the report on the Trust's performance. Additionally, unitholders will consider the Valuation Report dated May 20, 2026, issued by Mr. Manish Gadia regarding the valuation of InvIT assets as of March 31, 2026.

A key resolution proposes the appointment of Mr. Manish Gadia, bearing IBBI Registration No. IBBI/RV/06/2019/11646, as the Valuer of the Trust for the period from April 1, 2026, to March 31, 2027. The Investment Manager, Vertis Fund Advisors Private Limited, has recommended this appointment following evaluation by the Audit Committee and the Board of Directors.

Voting and Participation Details

Unitholders holding units as of July 17, 2026, are entitled to vote on the resolutions. The Trust has facilitated remote e-voting, which will be open from 9:00 AM IST on July 22, 2026, until 5:00 PM IST on July 26, 2026. Those who have not cast their votes remotely may vote during the meeting via the e-voting system.

The facility for appointing proxies will not be available as the meeting is conducted via Video Conferencing or Other Audio-Visual Means. MUFG Intime India Private Limited has been engaged as the Registrar and Transfer Agent to facilitate the remote e-voting process.