Vertis Infrastructure Trust has successfully raised INR 725 crore through the allotment of 14,500 unsecured, listed, and rated commercial papers on May 29, 2026. The issuance was approved by the Finance Standing Committee of Vertis Fund Advisors Private Limited, acting as the Investment Manager to the Trust. The funds raised will be utilized for purposes outlined in the offer documents, providing the Trust with necessary liquidity for its operations.

Allotment Details

The commercial papers were issued in two distinct tranches, with a face value of INR 5,00,000 each. Crisil Ratings Limited has assigned a 'CRISIL A1+' rating to these instruments, as per its letter dated May 21, 2026. The allotment was conducted under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 and the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Key Participants

Axis Trustee Services Limited acted as the Unit Trustee, while Catalyst Trusteeship Limited served as the Debenture Trustee for the issuance. ICICI Bank Limited was appointed as the Issuing and Paying Agent. The Trust, formerly known as Highways Infrastructure Trust, is managed by Vertis Fund Advisors Private Limited, which was previously called Highway Concessions One Private Limited.

Vertis Infrastructure Trust has announced its financial results for the quarter and financial year ended March 31, 2026. The Trust reported an operating revenue of ₹10,350 mn for Q4 FY26, reflecting a 12.4% year-on-year growth in toll revenue. Traffic growth for the quarter stood at 9.0%, surpassing the projected 5.5%.

For the full fiscal year FY26, the Trust recorded an operating revenue of ₹40,045 mn, with toll revenue growing by 13.1% and traffic increasing by 9.9%. The Net Asset Value (NAV) per unit increased to ₹106.8 as of March 31, 2026, up from ₹103.55 in the previous quarter.

Distribution Summary

The Trust has declared a distribution of ₹3.63 per unit for Q4 FY26, amounting to a total of ₹5,480 mn. For the full year FY26, the total distribution to unitholders was ₹18,120 mn, translating to a distribution per unit of ₹12.0. The cumulative distribution since the InvIT's formation in August 2022 reached ₹57.09 per unit, totaling ₹49,171 mn.

Operational and Strategic Updates

During the quarter, Vertis Infrastructure Trust completed the acquisition of the CH project, adding an AUM of INR 5.5 bn. The Trust also signed a supplementary agreement fixing the GRICL concession period to March 31, 2038. Additionally, the Trust commenced its public listing process.

Operational highlights included the receipt of the International Safety award from the British Safety Council for several projects and the National Feather Award for Workplace Safety Excellence. The Trust also received the ASSOCHAM Achiever’s Award for the adoption of sustainable practices.

Financial Performance

The following table summarizes the key financial metrics for Q4 and FY26:

The Trust maintained a prudent debt profile with a diversified borrowing mix. The Enterprise Value as of March 31, 2026, stood at ₹2,63,514 mn, with Net Assets Value totaling ₹1,61,268 mn.