IndiGrid Infrastructure Trust , a leading power sector infrastructure investment trust, has announced its financial results for the second quarter of fiscal year 2025-26, demonstrating resilience and growth in a challenging environment.

Financial Highlights

IndiGrid reported a quarterly revenue of INR 826.7 crores, marking a 2.6% increase year-on-year. The company declared a distribution per unit (DPU) of INR 4, which is 6.7% higher than the same period last year. This distribution aligns with IndiGrid's annual DPU guidance of INR 16 for FY26.

Operational Performance

The trust maintained a strong operational performance with a weighted average quarterly availability of 99.72% for its transmission assets. The solar portfolio achieved a CUF (Capacity Utilization Factor) of 20.9%, despite challenges from extended monsoons and extreme weather conditions in some regions.

Capital Raise and Acquisitions

IndiGrid successfully raised INR 438 crores through a preferential allotment, attracting a mix of institutional and non-institutional investors. This capital infusion has helped reduce the net debt to AUM ratio to approximately 60%, providing headroom for future growth.

The company has also signed a definitive agreement to acquire the NERES XVI project for an enterprise value of about INR 460 crores upon commissioning. This acquisition is part of IndiGrid's strategy to expand its asset portfolio and enhance unitholder value.

Future Outlook

Harsh Shah, Managing Director of IndiGrid, commented on the results and future prospects: "We are excited to be in the middle of an unprecedented transformation in the power sector. With the significant investments required in transmission and battery storage, we are confident in our ability to grow meaningfully and provide superior risk-adjusted returns to our unitholders."

IndiGrid's focus remains on maintaining stable operations, ensuring predictable distributions, and pursuing growth opportunities in the transmission and battery energy storage sectors. The trust is well-positioned to capitalize on the expanding pipeline of transmission and BESS (Battery Energy Storage System) projects in India, with plans to participate in future greenfield opportunities.

Market Recognition

In a notable development, IndiGrid was included in the FTSE Emerging Markets/APAC - All Cap Index and FTSE India - All Cap Index during the quarter, which is expected to boost liquidity for the trust's units.

As IndiGrid continues to navigate the evolving energy landscape, its strategy of maintaining a diversified portfolio with a focus on transmission assets (currently about 75% of AUM) and complementary renewable energy projects positions it well for sustainable growth in the coming years.

IndiGrid Infrastructure Trust , a prominent infrastructure investment trust, has issued a revised postal ballot notice to its unitholders, correcting minor numerical errors in the maximum number of units to be allotted in its proposed preferential issue. The trust is seeking approval for a significant capital raise through a preferential allotment of units.

Key Details of the Preferential Issue

Investor Profile

The preferential issue targets a diverse group of institutional and private investors, including:

• Pension funds
• Insurance companies
• Private entities

Use of Proceeds

The funds raised through this preferential issue are intended for various purposes:

1. Repayment of existing debt facilities
2. Investments in direct or indirect subsidiaries for project development or expansion
3. Acquisition of infrastructure assets
4. Investment in listed or unlisted debt of infrastructure sector companies
5. Issue expenses

Voting Process and Timeline

• Relevant Date: October 3, 2025
• E-voting Period: October 14 to November 3, 2025
• Results Declaration: On or before November 4, 2025

Impact on Unitholding Pattern

Post-issue, the public unitholding is expected to increase marginally from 98.73% to 98.77%, while the sponsor and sponsor group holding will slightly decrease from 1.27% to 1.23%.

Regulatory Compliance

IndiGrid Infrastructure Trust confirms its compliance with the eligibility criteria set by SEBI for such preferential issues, including:

• Continuous listing of units for at least six months
• Adherence to continuous listing and disclosure obligations
• Absence of fugitive economic offenders among promoters, directors, or trustees

Lock-in Period

The allotted units will be subject to a lock-in period as prescribed by SEBI regulations. Additionally, the pre-issue unitholding of the allottees will be locked in from the relevant date up to six months from the date of trading approval.

This revised notice demonstrates IndiGrid Infrastructure Trust's commitment to transparency and regulatory compliance while pursuing its growth and capital management strategies. The successful completion of this preferential issue could strengthen the trust's financial position and support its infrastructure development initiatives.