IRB InvIT Fund has submitted its debt securities specification statement to BSE Limited for the half year ended March 31, 2026, fulfilling regulatory requirements under SEBI regulations. The comprehensive statement provides detailed information about the fund's outstanding debt securities portfolio.

Regulatory Compliance Framework

The filing was made in accordance with Regulation 17 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, read with SEBI Master Circular no. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/000000137 dated October 15, 2025. This regulatory framework mandates periodic disclosure of debt securities specifications to ensure transparency and investor protection.

Debt Securities Portfolio Overview

The statement reveals that IRB InvIT Fund maintains three active debt securities, all issued on November 4, 2025. The portfolio demonstrates a strategic approach to debt financing with varying maturity profiles to optimize capital structure.

Financial Structure and Terms

The total outstanding debt across all three securities amounts to ₹11,500 lakhs, with the largest tranche being the 5-year security at ₹5,750 lakhs. All securities feature quarterly interest payment frequency, providing regular cash flow obligations for the fund. Notably, none of the securities contain embedded options, indicating straightforward debt instruments without complex derivative features.

Maturity Profile Analysis

The debt portfolio exhibits a well-distributed maturity profile spanning 15 years. The securities mature in 2030, 2035, and 2040 respectively, providing the fund with staggered refinancing requirements. The coupon rates reflect market conditions at the time of issuance, with the shorter-term security carrying a slightly lower rate of 7.35% compared to 7.40% for the longer-term instruments.

Corporate Governance

The statement was filed by Swapna Arya, Company Secretary & Compliance Officer of IRB Infrastructure Private Limited, which serves as the Investment Manager to IRB InvIT Fund. The digital signature and timestamp confirm the authenticity and timeliness of the regulatory filing, demonstrating adherence to corporate governance standards.

IRB InvIT Fund has announced that Care Ratings Limited has reaffirmed its credit rating, maintaining the CARE AAA; Stable rating for the infrastructure investment trust. The rating reaffirmation was communicated to both BSE Limited and National Stock Exchange of India Limited on April 1, 2026, in compliance with SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI Master Circular requirements.

Rating Details and Facility Information

The credit rating reaffirmation covers two key components of the trust's financial structure. Care Ratings Limited has maintained the CARE AAA; Stable rating for both the long term bank facilities and the issuer rating.

The long term bank facilities amount has been reduced to Rs. 2,501.11 crore from the previous Rs. 2,728.18 crore, representing a decrease in the facility size while maintaining the same high credit rating.

Rating Scope and Limitations

Care Ratings Limited has specified important limitations regarding the scope of this rating. The rating pertains specifically to debt at the fund level and does not cover two critical aspects of the trust's operations. It does not address the fund's ability to pay envisaged returns to unitholders or the debt servicing ability of underlying special purpose vehicles (SPVs) of the Trust.

This distinction is crucial for investors and stakeholders to understand, as it clarifies that while the fund-level debt maintains a strong AAA rating, the rating does not extend to operational performance metrics or subsidiary-level obligations.

Regulatory Compliance and Documentation

The rating reaffirmation was announced in compliance with SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. IRB Infrastructure Private Limited, serving as the Investment Manager to IRB InvIT Fund, communicated this development to the stock exchanges.

The detailed rating rationale has been made available through Care Ratings Limited's official documentation, providing stakeholders with comprehensive information about the factors supporting the rating reaffirmation. IDBI Trusteeship Services Limited, acting as the trustee, has also been informed of this rating development as part of the standard communication process.