IndiGrid Infrastructure Trust has revised the paid-up value of its Series AI and Series AJ Non-Convertible Debt Securities (NCDs) from ₹20,000 to ₹1,00,000. The change follows the receipt of second pay-in amounts from debt security holders on September 8, 2026.

The trust received a total of ₹880 crore towards the second pay-in. This comprises ₹280 crore for Series AI debt securities and ₹600 crore for Series AJ debt securities. These collections were made in accordance with the record date specified in the Key Information Document dated August 17, 2026.

Revised Security Details

Consequent to the receipt of these funds, the paid-up value for both series of debentures was updated. The securities are now listed on the Bombay Stock Exchange with new ISIN codes reflecting the revised face value.

Regulatory Compliance

The intimation was issued pursuant to Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also complies with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended.

Urmil Shah, Company Secretary and Compliance Officer at IndiGrid Investment Managers Limited, signed the disclosure on behalf of the trust. The listing notice is available on the BSE website.

IndiGrid Infrastructure Trust has executed a Securities Purchase Agreement to acquire Shongtong Power Transmission Limited (SPTL) from Enerica ReGrid Infra Private Limited. The transaction carries an enterprise value of up to INR 53,158 million, subject to closing adjustments.

The acquisition targets an inter-state transmission system designed to evacuate power from hydroelectric projects in Himachal Pradesh. IndiGrid plans to acquire the entire shareholding and management control of SPTL in one or more tranches after the project becomes revenue-generating.

Transaction Structure

The deal is structured as a cash consideration or other mutually agreed manner, compliant with SEBI InvIT Regulations. The purchase price is capped at INR 53,158 million and will be adjusted based on the Transmission Service Agreement (TSA) terms on the acquisition date.

Key structural details include:

• Target entity: Shongtong Power Transmission Limited (SPTL)
• Seller: Enerica ReGrid Infra Private Limited (EnerGrid)
• Consideration: Cash or mutually agreed mode
• Control: 100% shareholding and management control

Regulatory and Related Party Aspects

The transaction involves a related party element. Terralight Solar Energy Tinwari Private Limited (TSETPL), a group entity of EnerGrid, shares a common director with IndiGrid’s investment manager. This relationship falls under Regulation 2(1)(zv) of the InvIT Regulations.

IndiGrid states the transaction will be completed at an arm’s length price, supported by a valuation report as per InvIT Regulations. The acquisition remains subject to unitholder approval and requisite governmental or regulatory clearances.

Asset Profile

SPTL was incorporated on June 14, 2023, by REC Power Development and Consultancy Limited. The entity holds a paid-up capital of INR 5,00,000 and currently reports nil turnover as the project is under construction.

The transmission scheme facilitates power evacuation from the 450 MW Shongtong Karcham Hydro Electric Project and the 150 MW Tidong Hydro Electric Project. The expected commercial operation date is Q4 FY29.