National Highways Infra Trust 's investment manager has announced a board meeting to consider fund raising initiatives. National Highways Infra Investment Managers Private Limited, acting as the investment manager for the trust, will convene its board of directors on February 02, 2026, to deliberate on raising fresh capital through unit issuance.

Board Meeting Details

The meeting has been scheduled to address fund raising activities under the regulatory framework established by SEBI. The investment manager communicated this development through an official intimation dated January 29, 2026, addressed to both major stock exchanges.

Fund Raising Proposal

The board will consider raising fresh funds through multiple avenues as permitted under current regulations. The proposed fund raising mechanisms include:

• Institutional placement basis
• Preferential issue basis
• Other modes permitted under SEBI InvIT regulations

Regulatory Compliance

The fund raising initiative will be conducted in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The investment manager has indicated that all applicable rules, regulations, guidelines, notifications, and circulars issued under the InvIT regulations will be followed.

Corporate Communication

The official intimation was signed by Gunjan Singh, Company Secretary and Compliance Officer of National Highways Infra Investment Managers Private Limited. The communication was digitally signed and timestamped on January 29, 2026, at 19:04:44 +05'30', ensuring proper documentation and regulatory compliance.

The announcement represents a significant corporate development as the trust explores options to raise additional capital for its infrastructure investment activities. The board meeting outcome will determine the specific structure and timeline for the proposed fund raising exercise.

National Highways Infra Trust has submitted its Statement of Deviation/Variation for the quarter ended 31st December, 2025, to both BSE and NSE, fulfilling regulatory requirements under SEBI Master Circular No. SEBI/HO/DDHS-PoD 2/P/CIR/2025/102 dated 11th July 2025.

Fund Utilization Overview

The trust reported on two separate institutional placements conducted during 2024 and 2025. The filing demonstrates comprehensive fund deployment across infrastructure development activities with minimal variations from planned allocations.

March 2024 Institutional Placement Details

The trust's March 2024 fundraising comprised both institutional placement and preferential issue components, generating substantial capital for infrastructure investments.

Fund Deployment Breakdown

The net proceeds of Rs. 6,134.80 Cr have been completely utilized across designated purposes as outlined in the placement memorandum.

Primary Utilization Categories:

• NEPPL Infusion: Rs. 6,036.52 Cr for concession value payments, improvement costs, maintenance expenses, and reserve creation
• Trust-level Debt Service Reserve: Rs. 1.00 Cr for maintaining financial stability
• General Corporate Purposes: Rs. 33.55 Cr for operational requirements
• Additional Concession Fee: Rs. 63.73 Cr for regulatory compliance

Offer Expenses Analysis

The trust reported minor variations in offer expenses, with actual utilization of Rs. 42.07 Cr against estimated Rs. 46.45 Cr, leaving a balance of Rs. 4.38 Cr.

March 2025 Institutional Placement

The trust also reported on a subsequent institutional placement conducted on 19th March, 2025, raising Rs. 5,053.48 Cr with near-complete fund utilization of Rs. 5,051.63 Cr.

Key Deployment Areas:

• NSPPL Infusion: Rs. 4,977.35 Cr for base concession fees, additional concession fees, maintenance costs, and reserve accounts
• Lender Fees at Trust Level: Rs. 12.40 Cr for financial arrangements
• General Corporate Purposes: Rs. 2.73 Cr for operational needs

Regulatory Compliance

The trust confirmed that no approvals were required to vary the objects stated in the offer documents, and both audit committee and auditor comments were marked as not applicable. The comprehensive utilization demonstrates effective capital deployment in line with stated infrastructure investment objectives.