Vertis Infrastructure Trust disclosed its unitholding pattern for the quarter ended June 30, 2026, revealing that sponsors and the sponsor group hold a majority stake. The data, submitted to the National Stock Exchange of India Limited and BSE Limited, shows that the total units outstanding are 1,50,99,83,998.

The filing was made pursuant to Regulation 23 of Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The information was certified by MUFG Intime India Private Limited, acting as the Registrar & Transfer Agent of the Trust.

Sponsor and Sponsor Group Holdings

Sponsors and the sponsor group collectively hold 87,21,14,250 units, representing 57.76% of the total outstanding units. Within this category, foreign entities hold the entire stake. The sponsor group has mandatorily held 31,18,61,393 units, which constitutes 35.76% of their total holding. Additionally, 17,27,05,406 units held by the sponsor group are pledged or otherwise encumbered, accounting for 19.80% of their total units.

Public Holding Breakdown

Public holding accounts for 63,78,69,748 units, or 42.24% of the total outstanding units. Institutional investors hold 40,11,20,998 units, making up 26.56% of the total. Non-institutional investors hold 23,67,48,750 units, representing 15.68% of the total.

Institutional and Non-Institutional Details

Among institutional investors, other institution unit holding is the largest segment with 32,84,95,998 units (21.75%). Insurance companies hold 3,20,25,000 units (2.12%), and mutual funds hold 2,51,75,000 units (1.67%).

In the non-institutions category, body corporates hold 13,14,04,988 units (8.70%), and other non-institutions unit holding accounts for 16,89,67,988 units (11.19%). Individual investors hold 6,76,80,762 units (4.48%).

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.