Vertis Infrastructure Trust unitholders have unanimously approved the Trust’s audited financial statements for FY26 and the independent valuation of its infrastructure assets, signaling strong investor confidence in the entity’s governance and asset quality. The resolutions were passed at the 4th Annual Meeting of Unitholders held on July 27, 2026, with all three agenda items receiving 100% affirmative votes from participating holders. The approval process was conducted entirely through remote e-voting, reflecting high engagement from institutional and sponsor groups despite minimal physical attendance.

The meeting, convened by Vertis Fund Advisors Private Limited (formerly Highway Concessions One Private Limited), the Investment Manager, adhered to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. Mr. Vaibhav Dandawate, Partner at M/s. Makarand M. Joshi & Co., served as the Scrutinizer for the e-voting process. The cut-off date for determining voting rights was July 17, 2026, with remote e-voting open from July 22, 2026, to July 26, 2026. No invalid votes were recorded, and no unitholders voted against any resolution.

Key Resolutions Passed

The unitholders approved three ordinary business resolutions, each requiring a simple majority. The voting breakdown highlights dominant participation from the Sponsor Group and Public Institutional Holders, who collectively accounted for over 99% of votes polled.

Voting Participation Analysis

Out of 846 unitholders on the record date, only 17 unitholders exercised their voting rights, representing approximately 82.72% of total outstanding units. The Sponsor Group, holding 87,21,14,250 units, voted in full (100% participation). Public Institutional Holders, holding 40,17,70,998 units, participated at a rate of 91.84%, casting 36,89,70,998 votes. In contrast, Public Non-Institutional Holders showed low engagement, with only 80,00,000 units voted out of 23,60,98,750 held (3.39% participation). No votes were cast during the meeting itself, as all voting occurred via the remote platform.

What the Numbers Show

The unanimous approval of the asset valuation report is a critical compliance milestone for infrastructure investment trusts, which must regularly validate asset worth under SEBI regulations. The complete absence of dissenting votes suggests alignment between the Investment Manager’s reporting and unitholder expectations. Furthermore, the high participation rate among institutional investors indicates active oversight, while the low retail participation remains consistent with typical InvIT ownership structures where large funds dominate holdings. The reappointment of Mr. Manish Gadia (IBBI Registration No. IBBI/RV/06/2019/11646) ensures continuity in valuation practices for the upcoming fiscal year.

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%).