Interise Trust has submitted its Statement of Security Cover for the quarter ended December 31, 2025, to BSE Limited, demonstrating a robust security cover ratio of 2.16 times for its listed secured redeemable non-convertible debt securities. The filing was made pursuant to Regulation 54 read with Regulation 56(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Security Cover Analysis

The trust reported total security cover of ₹15,11,876.53 lakhs against secured debt of ₹6,99,405.23 lakhs as of December 31, 2025. This translates to a pari-passu security cover ratio of 2.16 times, indicating strong asset backing for the debt securities.

Asset Composition

The trust's asset portfolio is diversified across multiple categories, with the largest components being equity instruments and loans to related parties. The asset breakdown shows:

Debt Structure

The secured debt comprises non-convertible debentures and term loans from banks, both carrying pari-passu charges on the trust's assets:

Additionally, the trust has unsecured liabilities including commercial paper of ₹84,500.00 lakhs and other liabilities of ₹1,965.17 lakhs.

Security Structure

The listed secured redeemable non-convertible debentures are secured by first ranking pari-passu security interests over various assets of Pool III SPVs, including Simhapuri Expressway Limited, Rayalseema Expressway Private Limited, Igatpuri Highway Private Limited, and Kosi Bridge Infrastructure Company Private Limited. The security includes immovable assets, hypothecated properties, pledged securities, and assignment of rights in respect of loans made to these SPVs.

Independent Auditor Certification

Sharp & Tannan, Chartered Accountants (Firm Registration No. 003792S), the statutory auditors of the trust, provided independent certification on the book value of assets contained in columns A to J of the security cover statement. The auditors confirmed that the particulars relating to book value of assets have been accurately extracted from the unaudited books of account and other relevant records as at December 31, 2025.

The statement was signed by Amit Shah, Chief Compliance Officer and Vice President – Company Secretary, on behalf of Interise Investment Managers Private Limited, acting as the investment manager of the trust.

Source:

Interise Trust has announced a significant board change in its Investment Manager, with the appointment of a new unitholder nominee director effective February 10, 2026. The change reflects the Trust's compliance with SEBI InvIT regulations and demonstrates ongoing governance activities within the organization.

Board Appointment Details

The Trust has appointed Mr. Julian Gratiaen as the new unitholder nominee director on the Board of Interise Investment Managers Private Limited. The appointment follows proper regulatory procedures and stakeholder engagement processes.

Outgoing Director Transition

Mr. Harmish Rokadia, who previously held the unitholder nominee director position, ceased to be a director on the same date as the new appointment. This transition ensures continuity in board representation while accommodating changes in unitholder nominations.

Regulatory Compliance and Approval Process

The appointment follows established regulatory frameworks and internal governance procedures. The change was initiated based on a nomination notice received from one of the eligible unitholders of Interise Trust, demonstrating active participation in corporate governance by stakeholders.

The approval process involved multiple levels of review and recommendation:

• Nomination Source: Eligible unitholder of Interise Trust
• Committee Review: Nomination and Remuneration Committee recommendation
• Final Approval: Board of Directors of Interise Investment Managers Private Limited
• Regulatory Framework: SEBI InvIT Regulations and SEBI Master Circular on InvIT

Investment Manager Structure

Interise Investment Managers Private Limited serves as the Investment Manager for Interise Trust, playing a crucial role in the Trust's operations and strategic direction. The company maintains proper governance structures including board representation from various stakeholder categories, ensuring balanced decision-making processes.

The notification was signed by Amit Shah, Chief Compliance Officer and Vice President – Company Secretary, highlighting the formal nature of the announcement and adherence to disclosure requirements under applicable regulations.