National Highways Infra Trust has announced that its investment manager's board of directors has approved an institutional placement of units, setting the stage for a significant capital raising exercise. The board meeting of National Highways Infra Investment Managers Private Limited was held on March 19th, 2026, where directors considered and approved key aspects of the proposed unit issue.

Key Placement Parameters

The board finalized critical parameters for the institutional placement based on merchant banker recommendations and regulatory requirements:

Regulatory Approvals and Compliance

The investment manager has secured important regulatory milestones for the proposed issue. The company received in-principle approvals from both BSE Limited and National Stock Exchange of India Limited for the institutional placement. These approvals represent a crucial step in the unit issuance process, enabling the trust to proceed with the placement.

The board also approved the preliminary placement document in connection with the issue, ensuring compliance with SEBI InvIT Regulations and SEBI LODR Regulations. The final floor price of ₹149.50 per unit was determined based on the pricing formula prescribed under InvIT Regulations and approved by the investment manager's board.

Market Positioning

National Highways Infra Trust trades on both major Indian stock exchanges with scrip code 543385 on BSE and symbol NHIT on NSE. The institutional placement represents the trust's strategy to raise capital through qualified institutional buyers, following the structured approach mandated by SEBI regulations for infrastructure investment trusts.

The three-day bidding window from March 20th to March 23rd, 2026, provides institutional investors with a focused timeframe to participate in the placement. The pricing mechanism and regulatory framework ensure transparency and compliance with applicable securities regulations governing infrastructure investment trusts in India.

National Highways Infra Trust has revised the record date for its distribution payment from March 19, 2026 to March 20, 2026, following technical issues related to a clearing holiday. The infrastructure investment trust announced the change on March 18, 2026, maintaining all other distribution details unchanged.

Revised Distribution Timeline

The board of National Highways Infra Investment Managers Private Limited has updated the distribution schedule due to clearing holiday complications:

The stock exchanges informed the investment manager about technical issues arising from the clearing holiday on March 19, 2026, necessitating the one-day postponement.

Distribution Components

The distribution package remains unchanged at Rs. 1.160 per unit for the January 2026 period. The amount comprises Rs. 1.157 per unit as interest pass through and Rs. 0.003 per unit as other income on surplus funds at trust level, subject to applicable withholding taxes.

Regulatory Compliance and Communication

National Highways Infra Investment Managers Private Limited, with CIN U65929DL2020GOI366835, formally communicated the revised record date to both BSE Limited and National Stock Exchange of India Limited under Regulation 30. The trust trades under scrip code 543385 and symbol NHIT on the exchanges.

The revision maintains compliance with SEBI Infrastructure Investment Trusts Regulations, 2014 and SEBI Listing Obligations and Disclosures Requirements Regulations, 2015. Under Regulation 18(6)(c) of SEBI InvIT Regulations, the revised record date of March 20, 2026 will determine unitholder eligibility for the distribution.

Payment Schedule

Eligible unitholders can expect to receive their distributions within 5 working days from the revised record date of March 20, 2026. All payments will remain subject to applicable withholding taxes, ensuring continued regulatory compliance. The original board approval from March 16, 2026 and unitholder consent obtained at the extraordinary meeting on March 12, 2026 remain valid for the revised timeline.