Cube Highways Trust has successfully completed interest and redemption payments on its non-convertible debentures (NCDs) on March 30, 2026, in compliance with SEBI Listing Regulations. The trust made payments across multiple NCD series, demonstrating its commitment to meeting debt obligations on schedule.

Interest Payment Details

The trust completed interest payments across seven NCD series with a combined value of Rs. 875.42 crores. The payments covered NCDs with varying issue sizes and payment frequencies:

All interest payments were made on the scheduled due date of March 31, 2026, with the record date set as March 16, 2026. The last interest payments for the quarterly NCDs were made on December 30, 2025, while the half-yearly NCD's last payment was on September 30, 2025.

Redemption Transactions

The trust executed significant redemption payments totaling Rs. 6,597.80 crores across two NCD series:

The partial redemption was executed through face value redemption at maturity, while the full redemption was completed by virtue of call option exercise. Both redemptions were processed on March 30, 2026, meeting the scheduled due date of March 31, 2026.

Regulatory Compliance

The payments were made pursuant to Regulation 57(1) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Circular dated July 11, 2025. The trust reported no delays or non-payments across all transactions, indicating strong financial management and liquidity position.

The successful completion of these substantial debt service obligations, totaling Rs. 1,473.22 crores in combined interest and redemption payments, reflects the trust's operational efficiency and commitment to honoring its debt obligations to investors.

Cube Highways Trust has received CRISIL AAA/Stable long-term rating and CRISIL A1+ short-term rating on its bank loan facilities totaling Rs. 13,850 crores. The trust informed stock exchanges about this credit rating update on March 23, 2026, in compliance with SEBI regulations for Infrastructure Investment Trusts.

Credit Rating Details

CRISIL Ratings has assigned the highest investment grade ratings to Cube Highways Trust's banking facilities, reflecting strong creditworthiness and financial stability. The rating assessment covers the trust's ability to service its debt obligations across multiple banking relationships.

Banking Facility Breakdown

The rated facilities span across multiple leading banks with State Bank of India holding the largest exposure. The facility structure includes both term loans and bank guarantees, providing comprehensive banking support for the trust's operations.

Regulatory Compliance

The trust has fulfilled its disclosure obligations under Regulation 23 of SEBI Infrastructure Investment Trusts Regulations, 2014, and Regulation 51 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The rating information has been communicated to both BSE and NSE, with the trust maintaining multiple scrip codes across different instrument categories.

Rating Significance

The CRISIL AAA rating represents the highest degree of safety regarding timely payment of financial obligations, while the stable outlook indicates that the rating is unlikely to change in the near term. The A1+ short-term rating reflects the trust's strong capacity for timely payment of short-term debt obligations. CRISIL maintains continuous surveillance of all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances.