IRB Infrastructure Developers Limited has reported robust financial performance for January 2026, achieving approximately 15% year-on-year growth in aggregate toll revenue. The company's comprehensive disclosure reveals strong operational momentum across its extensive highway portfolio, with total collections reaching Rs. 7,503 million compared to Rs. 6,502 million in the corresponding period of January 2025.

Financial Performance Overview

The company's toll revenue performance demonstrates consistent growth across multiple project entities. The aggregate performance reflects the strength of IRB's diversified highway portfolio and sustained traffic growth patterns.

Top Revenue Contributors

The company's portfolio performance was led by several key highway assets, with IRB MP Expressway Pvt Limited generating the highest revenue contribution.

New Asset Addition

A significant development during January 2026 was the commencement of toll collection on TOT-17. IRB Harihara Corridors Private Limited, covering the Lucknow-Ayodhya-Gorakhpur NH27 and Lucknow-Sultanpur NH731 routes, began operations from January 23, 2026, contributing Rs. 154 million in revenue for the partial operational period.

Management Commentary

Mr. Amitabh Murarka, Deputy CEO of IRB Infrastructure, expressed positive outlook regarding the performance trends. He highlighted the encouraging year-on-year traffic growth across the portfolio and noted that the momentum is expected to accelerate with the TOT-17 commencement, with early collection trends aligning with bid estimates.

Portfolio Structure

The disclosed entities operate under different organizational structures within the IRB Group ecosystem:

• Wholly-owned Subsidiaries: Multiple entities including IRB MP Expressway and other core highway assets
• IRB Infrastructure Trust (Private InvIT): Housing several key expressway and highway projects
• IRB InvIT Fund (Public InvIT): Managing assets acquired through various TOT transactions

The comprehensive disclosure covers highway assets spanning multiple states and national highway routes, demonstrating the geographic diversification of IRB's toll road portfolio. The consistent growth performance across the majority of assets indicates sustained traffic recovery and operational efficiency across the company's highway network.

IRB Infrastructure Developers Limited has scheduled a board meeting for February 13, 2026, to review its quarterly financial performance and consider key corporate actions, with particular focus on the potential issuance of bonus equity shares. The infrastructure development company announced this through a formal communication to stock exchanges on February 5, 2026.

Board Meeting Agenda

The board of directors will convene to address several important matters during the upcoming meeting, with bonus share issuance being a key consideration:

Bonus Share Consideration

The company's board will specifically deliberate on the issuance of bonus equity shares, which would be subject to obtaining necessary approvals from shareholders and regulatory authorities. This potential corporate action represents a significant development for existing shareholders, as bonus shares are typically issued from the company's reserves without any additional cost to shareholders.

Dividend Record Date and Regulatory Compliance

In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has established February 19, 2026, as the record date for interim dividend purposes. This date will determine shareholder eligibility for any interim dividend that may be declared by the board.

Trading Window Status

The company's trading window for securities remains closed and will reopen 48 hours after the announcement of financial results for the quarter and nine months ended December 31, 2025. This closure aligns with regulatory requirements to prevent insider trading during the financial results announcement period.

Corporate Communication

The formal intimation was signed by Mehul Patel, Company Secretary, and communicated to both BSE Limited and National Stock Exchange of India Limited. The board meeting represents a significant corporate event as stakeholders await the company's financial performance for the third quarter and potential returns through interim dividends and bonus share issuance.