Cube Highways Trust has allotted 63,700 secured, rated, listed, redeemable, non-convertible debentures on a private placement basis to raise INR 637,00,00,000. The debt securities carry a coupon rate of 7.3925% and a tenor of 11 Years 9 Months and 2 days. This issuance was approved by the Board of Directors of Cube Highways Fund Advisors Private Limited, the Investment Manager of cube highways trust , through a resolution passed by circulation on June 29, 2026.

The debentures have a face value of INR 1,00,000 each. The allotment is subject to the applicable provisions of the Securities Exchange Board of India (SEBI) (Infrastructure Investment Trusts) Regulations, 2014, and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Allotment

Axis Trustee Services Limited acts as the Trustee to the InvIT, while Catalyst Trusteeship Limited serves as the Debt Security Trustee. The intimation regarding this allotment was submitted to the BSE Limited and National Stock Exchange of India Limited on June 29, 2026.

Cube Highways Trust has appointed Cube Highways Asset & Project Advisory Private Limited as its new project manager, effective June 26, 2026. The appointment follows approval from the National Highways Authority of India (NHAI), which issued a letter to this effect on June 17, 2026. This change replaces the previous project manager, Cube Highways and Transportation Assets Advisors Pvt. Ltd.

The Investment Manager's board of directors had initially approved the replacement in February 2026, subject to requisite approvals including from NHAI. With the NHAI's consent now secured, a new project implementation and management agreement (Fresh PIMA) has been executed. The agreement was signed by Axis Trustee Services Limited (the Trustee), the Investment Manager, the newly appointed project manager, and the special purpose vehicles (SPVs) of the Trust.

The transition was finalized on June 26, 2026, marking the effective date for the change in project management. The Investment Manager, Cube Highways Fund Advisors Private Limited, communicated this development to the stock exchanges to ensure regulatory compliance.

Key Details of the Appointment

Axis Trustee Services Limited acts as the Trustee for the InvIT, while Catalyst Trusteeship Limited serves as the Debt Security Trustee. The necessary intimation has been submitted to the BSE Limited and National Stock Exchange of India Limited for the units and non-convertible debentures listed under the symbol CUBEINVIT.