Indus Infra Trust Schedules Board Meeting on May 12, 2026 to Consider Raising Up to ₹1,000 Crore via Commercial Papers

Indus Infra Trust has notified the stock exchanges of an upcoming board meeting of its Investment Manager, GR Highways Investment Manager Private Limited, scheduled for Tuesday, May 12, 2026. The intimation has been filed pursuant to Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Board Meeting to Deliberate on Commercial Paper Issuance

The board meeting has been convened to consider and approve the raising of funds through the issuance of Commercial Papers. The key details of the proposed fund-raising are outlined below:

Parameter:	Details
Instrument Type:	Unsecured, Listed, Rated Commercial Papers
Aggregate Amount:	Not exceeding ₹1,000 Crore
Issuance Mode:	Private Placement Basis
Tranches:	One or more tranches
Regulatory Framework:	Regulation 23, SEBI (InvIT) Regulations, 2014
Board Meeting Date:	Tuesday, May 12, 2026

The issuance is subject to compliance with applicable laws and receipt of approvals from regulatory or statutory authorities, as may be required.

Filing and Disclosure

The intimation has been submitted to both BSE Limited and the National Stock Exchange of India Limited. The notice has also been uploaded on the Trust's official investor information webpage at https://indusinvit.com/investor-information.html . The filing was signed by Mohnish Dutta, Company Secretary & Compliance Officer (ICSI M. No. FCS 10411), acting on behalf of Indus Infra Trust through its Investment Manager, GR Highways Investment Manager Private Limited.

Indus Infra Trust (formerly known as Bharat Highways InvIT) has released its audited annual financial results for the financial year ended March 31, 2026. The trust reported revenue from operations of ₹7,567.21 million for FY26, representing an 18.60% increase from ₹6,381.31 million in the previous year.

The Investment Manager, GR Highways Investment Manager Private Limited, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The presentation has been uploaded on the trust's website at https://indusinvit.com/investor-information.html and communicated to BSE Limited and National Stock Exchange of India Limited.

Presentation Details:	Information
Release Date:	April 29, 2026
Website Link:	https://indusinvit.com/investor-information.html

Distribution Record Date Details

The Investment Manager has confirmed that Tuesday, May 5, 2026, has been fixed as the record date for determining eligible unitholders for the distribution. The distribution payment is scheduled to be completed on or before Tuesday, May 12, 2026.

Distribution Details:	Information
Record Date:	Tuesday, May 5, 2026
Payment Date:	On or before May 12, 2026
Total Distribution per Unit:	₹3.50
Interest Component:	₹1.01
Return of Capital:	₹2.49

Earnings Conference Call Audio Available

The trust conducted an earnings conference call on Thursday, April 30, 2026, to discuss the financial results. The audio recording of the call has been made available on the trust's website for stakeholders and investors. The recording can be accessed at https://indusinvit.com/pdf/financial-results/2025/10042438.mp3 .

Financial Performance Overview

The trust reported mixed financial performance for FY26 compared to the previous year:

Financial Metric:	FY26	FY25	Change
Revenue from Operations:	₹7,567.21 million	₹6,381.31 million	+18.60%
Total Income:	₹7,974.04 million	₹14,508.74 million	-45.00%
Profit for the Year:	₹2,949.12 million	₹5,451.19 million	-45.90%
Basic Earnings Per Unit:	₹6.66	₹12.31	-45.90%

While revenue from operations showed growth, the overall profit declined significantly due to higher impairment charges and reduced other income compared to the previous year.

Strategic Acquisitions

During FY26, the trust expanded its portfolio through strategic acquisitions of four highway projects:

Acquired Entity:	Acquisition Date	Consideration (₹ million)
GR Bahadurganj Araria Highway Private Limited:	December 30, 2025	479.33
GR Bilaspur Urga Highway Private Limited:	March 25, 2026	1,029.30
GR Ena Kim Expressway Private Limited:	March 25, 2026	1,537.80
GR Ujjain Badnawar Highway Private Limited:	March 25, 2026	165.09
Total:		3,211.52

These acquisitions were made from G R Infraprojects Limited and include deferred consideration components payable upon regulatory approvals.

Balance Sheet Highlights

The trust's financial position as of March 31, 2026:

Key Balance Sheet Items:	FY26	FY25
Total Assets:	₹84,897.87 million	₹67,359.94 million
Total Borrowings:	₹36,882.26 million	₹17,501.78 million
Total Unitholders' Equity:	₹47,335.14 million	₹49,812.02 million
Net Asset Value per Unit:	₹116.81	₹115.81

The increase in total assets reflects the recent acquisitions, while borrowings increased to fund these transactions. The trust generated Net Distributable Cash Flows (NDCF) of ₹11,305.18 million for FY26 compared to ₹10,700.56 million in FY25, representing a 5.60% increase.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI InvIT Regulations. The trust maintains compliance with all regulatory requirements, including the mandatory distribution of at least 90% of net distributable cash flows to unitholders. The investor presentation and intimation have been uploaded on the trust's website for unitholders' reference.