IndiGrid Infrastructure Trust Secures Unitholder Approval for ₹2,000 Crore Capital Raise

IndiGrid Infrastructure Trust , a prominent player in India's infrastructure investment landscape, has successfully secured unitholder approval for a significant capital raise through preferential unit issuance. The trust, which focuses on power sector assets, received overwhelming support for its proposal to raise capital up to ₹2,000 crores.

Voting Results

The resolution, which required a special majority approval with at least 60% votes in favor, was passed with an overwhelming majority. Here's a breakdown of the voting results:

Category:	Units Held	Votes Polled	% Votes Polled	Votes in Favor	Votes Against	% in Favor	% Against
Sponsors:	1,06,04,757	1,00,51,932	94.79%	1,00,51,932	0	100.00%	0.00%
Public - Institutions:	44,71,59,035	38,11,71,937	85.24%	38,03,37,448	8,34,489	99.78%	0.22%
Public - Non Institutions:	40,27,76,388	1,83,71,754	4.56%	1,82,70,285	1,01,469	99.45%	0.55%
Total:	86,05,40,180	40,95,95,623	47.60%	40,86,59,665	9,35,958	99.77%	0.23%

Key Highlights

Total Unitholders: 48,882 as of the cut-off date (November 28, 2025)
Participation: 333 unitholders, holding 40,95,95,623 units, participated in the remote e-voting process
Voting Period: December 9, 2025, to December 29, 2025
Scrutinizer: Mr. B Narasimhan, Practicing Company Secretary
Capital Raise Amount: Up to ₹2,000 crores (increased from earlier proposal of ₹473.50 crores)

Resolution Details

Parameter:	Details
Resolution Type:	Special Majority
Required Approval:	Minimum 60% votes in favor
Actual Approval:	99.77% votes in favor
Capital Raise Limit:	₹2,000 crores
Regulatory Framework:	SEBI InvIT Regulations 2014

Implications

The strong approval from unitholders signals confidence in IndiGrid's growth strategy and its ability to create value. This preferential issuance is expected to strengthen the trust's capital base significantly, potentially enabling it to pursue new investment opportunities in the power infrastructure sector. The increased capital raise limit from ₹473.50 crores to ₹2,000 crores demonstrates the trust's ambitious expansion plans.

Compliance and Transparency

The voting process was conducted in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and other applicable laws. IndiGrid demonstrated its commitment to transparency by appointing an independent scrutinizer and providing detailed voting results across different unitholder categories. The process was facilitated through NSDL's e-voting platform with comprehensive disclosure requirements.

As the infrastructure sector continues to play a crucial role in India's economic growth, this substantial capital raise positions IndiGrid to potentially capitalize on emerging opportunities in the power transmission and distribution space. Investors and market watchers will likely keep a close eye on how IndiGrid deploys this capital and its impact on the trust's future performance and distributions to unitholders.

IndiGrid Infrastructure Trust , a prominent infrastructure investment trust, has issued a revised postal ballot notice to its unitholders, correcting minor numerical errors in the maximum number of units to be allotted in its proposed preferential issue. The trust is seeking approval for a significant capital raise through a preferential allotment of units.

Key Details of the Preferential Issue

Particulars	Details
Maximum Units to be Allotted	28,055,919
Issue Price per Unit	₹168.77
Total Issue Size	Up to ₹473.50 crores
Number of Proposed Allottees	36
Category of Allottees	Non-sponsor investors

Investor Profile

The preferential issue targets a diverse group of institutional and private investors, including:

Pension funds
Insurance companies
Private entities

Use of Proceeds

The funds raised through this preferential issue are intended for various purposes:

Repayment of existing debt facilities
Investments in direct or indirect subsidiaries for project development or expansion
Acquisition of infrastructure assets
Investment in listed or unlisted debt of infrastructure sector companies
Issue expenses

Voting Process and Timeline

Relevant Date: October 3, 2025
E-voting Period: October 14 to November 3, 2025
Results Declaration: On or before November 4, 2025

Impact on Unitholding Pattern

Post-issue, the public unitholding is expected to increase marginally from 98.73% to 98.77%, while the sponsor and sponsor group holding will slightly decrease from 1.27% to 1.23%.

Regulatory Compliance

IndiGrid Infrastructure Trust confirms its compliance with the eligibility criteria set by SEBI for such preferential issues, including:

Continuous listing of units for at least six months
Adherence to continuous listing and disclosure obligations
Absence of fugitive economic offenders among promoters, directors, or trustees

Lock-in Period

The allotted units will be subject to a lock-in period as prescribed by SEBI regulations. Additionally, the pre-issue unitholding of the allottees will be locked in from the relevant date up to six months from the date of trading approval.

This revised notice demonstrates IndiGrid Infrastructure Trust's commitment to transparency and regulatory compliance while pursuing its growth and capital management strategies. The successful completion of this preferential issue could strengthen the trust's financial position and support its infrastructure development initiatives.