IndiGrid Infrastructure Trust has submitted its quarterly report for the third quarter of fiscal year 2026 to both major Indian stock exchanges, marking another milestone in its regulatory compliance journey. The comprehensive filing covers the period ended December 31, 2025, and demonstrates the trust's commitment to transparency and investor communication.

Regulatory Filing Details

The quarterly report was filed with both BSE Limited and National Stock Exchange of India Limited on February 12, 2026. The submission was made through IndiGrid Investment Managers Limited, which serves as the investment manager for the infrastructure trust.

Board Meeting Outcomes

The quarterly report stems from a board meeting held on February 12, 2026, where several key documents were reviewed and approved. The meeting outcome included the finalization of financial results and associated documentation required under InvIT regulations.

The board meeting addressed multiple components essential for quarterly reporting:

• Financial results for Q3 FY26
• Review reports issued by statutory auditors
• Valuation report for the period
• Press release summarizing key developments
• Investor presentation materials

Compliance Framework

The filing adheres to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended. Specifically, the submission satisfies the requirements under Regulation 23(4A) of the InvIT Regulations, which mandates quarterly reporting by infrastructure investment trusts.

Documentation and Authorization

The quarterly report was formally signed and submitted by Urmil Shah, who serves as Company Secretary & Compliance Officer for IndiGrid Investment Managers Limited. The digital signature was applied on February 12, 2026, at 19:21:59 +05'30', ensuring proper authentication of the regulatory filing.

The filing also involved coordination with Axis Trustee Services Limited, which serves as the trustee for the infrastructure investment trust, ensuring all stakeholders remain informed of the quarterly developments.

IndiGrid Infrastructure Trust has executed definitive agreements for a significant acquisition in the power transmission sector, marking another strategic expansion in its infrastructure portfolio. The trust announced the execution of agreements on February 12, 2026, for acquiring Morena I SEZ Transmission Limited at a substantial enterprise value.

Acquisition Details

The acquisition involves Morena I SEZ Transmission Limited (MSTL), with IndiGrid executing definitive agreements with Enerica Infra 1 Private Limited, a wholly-owned subsidiary of Enerica ReGrid Infra Private Limited. The transaction structure includes specific timing and valuation parameters that align with regulatory requirements.

Target Entity Profile

Morena I SEZ Transmission Limited represents a strategic asset in India's power transmission infrastructure. The company was incorporated on April 16, 2025, by PFC Consulting Limited and operates in the Inter-State Transmission System sector.

Project Infrastructure and Capacity

The Morena transmission project addresses significant renewable energy evacuation requirements in Madhya Pradesh. According to MNRE identification, Morena district represents a substantial Renewable Energy zone with considerable generation potential.

Key Project Components:

• Phase I Capacity: 2.5 GW by December 2027
• Phase II Capacity: 1.4 GW by December 2030
• Total RE Potential: 3.9 GW in Morena district
• Infrastructure: 765/400 kV Morena Pooling Station establishment
• Technical Specifications: 3x1500 MVA 765/400 kV, 2x500 MVA, 400/220 kV ICTs
• Transmission Line: Morena PS – Karera (Near Datia) 765 kV D/C line

Strategic Alignment and Regulatory Compliance

The acquisition aligns with IndiGrid's investment strategy as outlined in the Trust Deed, focusing on stable distribution to unitholders through long-term contracted assets. The transaction involves related party considerations, as EnerGrid shares a common director with IndiGrid's Investment Manager, but will be executed at arm's length pricing with proper valuation compliance.

The acquisition requires various governmental and regulatory approvals as mandated for such infrastructure transactions. IndiGrid will acquire entire shareholding and management control in MSTL, subject to definitive agreement terms, Transmission Service Agreement provisions, and SEBI InvIT Regulations compliance.

Market Impact and Timeline

Enerica Infra 1 Private Limited won this inter-state transmission project in October 2025, with the project designed to facilitate integration of 2.5 GW renewable energy injection into the ISTS network. The acquisition timeline depends on achieving one year post Commercial Operation Date, with the expected COD scheduled for Q1 FY 2029, providing IndiGrid with a clear roadmap for asset integration into its portfolio.