Vertis Infrastructure Trust sets record dates for NCD interest, redemption

Vertis Infrastructure Trust has announced record dates for the payment of interest and part/partial redemption of its Non-Convertible Debentures (NCDs) due in the financial year 2026-27. The schedule covers four series of debt securities, with payments and corresponding record dates spread across June 2026 through March 2027. These dates determine the eligibility of unitholders to receive the scheduled interest and principal repayments.

The intimation was filed pursuant to Regulation 60(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing details the specific ISINs, the number of NCDs, and the face value adjustments for series undergoing partial redemptions. The Trust, acting through its Investment Manager Vertis Fund Advisors Private Limited, confirmed the schedule with the exchanges.

Scheduled Payments and Record Dates

The following table outlines the record dates and payment schedules for the respective NCD series:

Sr. No.	NCD Series	Purpose	ISIN	Due Date	Record Date	NCDs Count	Pre-Redemption Face Value (₹)	Redemption Amount (₹)	Post-Redemption Face Value (₹)
1	8.25% Series II	Interest & Partial Principal	INEOKXY07026	June 30, 2026	June 15, 2026	2,500	9,55,000	10,000	9,45,000
				September 30, 2026	September 15, 2026		9,45,000	10,000	9,35,000
				December 31, 2026	December 16, 2026		9,35,000	10,000	9,25,000
				March 31, 2027	March 16, 2027		9,25,000	10,000	9,15,000
2	8.34% Series III	Interest Payment	INEOKXY07034	June 30, 2026	June 15, 2026	50,000	1,00,000	Not Applicable	1,00,000
				September 30, 2026	September 15, 2026
				December 31, 2026	December 16, 2026
				January 18, 2027	January 03, 2027
3	7.40% Series IV	Interest & Partial Principal	INEOKXY07042	June 30, 2026	June 15, 2026	90,000	99,690	562.50	99,127.50
				September 30, 2026	September 15, 2026		99,127.50	562.50	98,565
				December 31, 2026	December 16, 2026		98,565	562.50	98,002.50
				March 31, 2027	March 16, 2027		98,002.50	562.50	97,440
4	6.95% Series V	Interest Payment	INE0KXY07059	June 30, 2026	June 15, 2026	80,000	1,00,000	Not Applicable	1,00,000
				September 30, 2026	September 15, 2026
				December 31, 2026	December 16, 2026
				March 31, 2027	March 16, 2027

Key Details

Series II and Series IV involve the repayment of part/partial principal amounts alongside interest payments. For Series II, the face value per NCD reduces from ₹9,55,000 to ₹9,15,000 over the period. Series IV sees a reduction from ₹99,690 to ₹97,440 per NCD. Series III and Series V are designated solely for interest payments, with no change to the face value of the securities.

The Debenture Trustee for the issue is Catalyst Trusteeship Limited, while Axis Trustee Services Limited acts as the Unit Trustee. ICICI Bank Limited serves as the Issuing and Paying Agent for the transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+0.81%	-2.08%	-1.73%	+10.08%	+10.08%

Vertis Infrastructure Trust has released the audio recording and transcript of its earnings conference call concluded on May 27, 2026. The Trust reported significant growth in scale and operational efficiency for FY26, with Assets Under Management (AUM) rising 43% to INR 27,000 crores following the acquisition of 12 Public-Private Partnership (PNC) assets. The total operating revenue for FY26 stood at INR 4,004 crores, reflecting a 13.1% growth, supported by a 9.9% increase in traffic against a projection of 5.5%.

The Trust's portfolio now comprises 28 assets across 9 states, covering over 8,400 lane kilometers, with a mix of 70% toll and 30% annuity assets. Operational discipline resulted in an EBITDA margin of 88% for the year. Vertis Infrastructure Trust reduced its cost of debt by 91 basis points from 8.23% to 7.32% at the year end, positioning it as one of the lowest cost borrowers among scaled InvITs. The outstanding debt stands at INR 115 billion with a residual maturity of 11.6 years.

Financial Distribution and Debt Profile

Unit holders received a distribution of INR 12 per unit for FY26, totaling INR 18,120 million. For Q4 FY26, the distribution was INR 3.63 per unit. Since its formation in August 2022, the cumulative distribution stands at INR 57.09 per unit. The net debt to AUM ratio is maintained at 41.3%, providing significant headroom for future growth.

Metric	FY26 Value
Total Operating Revenue	INR 4,004 crores
EBITDA Margin	88%
AUM	INR 27,000 crores
Cost of Debt	7.32%
Distribution Per Unit (FY26)	INR 12

Operational and Regulatory Updates

During the quarter, the Trust signed a supplementary agreement fixing the GRICL concession period to March 2038 and concluded the transition of SEPL, Shillong Expressway Pvt. Ltd., following its concession expiry in February 2026. On the regulatory front, the Trust noted that SEBI amendments effective April 2026 are broadly positive, permitting SPV contribution post-concession expiry and expanding the surplus fund investment universe.

The Trust also highlighted the implementation of single-lane free-flow (SLFF) at GEPL and DBCPL, resulting in a 100% increase in throughput. Management acknowledged potential headwinds from macroeconomic factors, including a rise in bitumen prices to INR 80,000 per tonne compared to an average of INR 48,000 in Q4, necessitating a re-phasing of the major maintenance cycle.