The board of directors of IRB InvIT Fund has scheduled an Extraordinary Meeting (EGM) of unitholders for Monday, September 21, 2026, at 11:00 am. The meeting aims to secure approval for a preferential issue of up to ₹3,510 crore worth of units to the trust’s sponsor, IRB Infrastructure Developers Limited.

Preferential Issue Details

The Investment Manager, IRB Infrastructure Private Limited, authorized the issuance of 54 million units at ₹65 per unit during its board meeting held on August 26, 2026. This issuance replaces the broader consideration for unit and NCD issuance previously scheduled for the agenda. The transaction requires approval from the unitholders via special majority and receipt of necessary regulatory consents.

Use of Proceeds and Pricing Rationale

The trust intends to utilize the proceeds for the partial funding of the acquisition of CG Tollway Limited and Solapur Yedeshi Tollway Limited. Unitholders had previously approved this acquisition via a postal ballot resolution dated August 3, 2026.

The issue price of ₹65 per unit was determined based on the SEBI Master Circular dated July 11, 2025. With August 21, 2026, as the relevant date, the 90 trading days' volume-weighted average price was ₹61.65, while the 10 trading days' average was ₹64.14. The NAV of the trust stood at ₹81.26 per unit as of March 31, 2026.

Unitholder Approval Process

The EGM will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). Remote e-voting is available from Wednesday, September 16, 2026, at 9:00 am until Sunday, September 20, 2026, at 5:00 pm. The cut-off date for voting eligibility is Monday, September 14, 2026. Results are expected by Wednesday, September 23, 2026.

Trading Window Update

The trading window for dealing in the trust’s units, which was closed on August 23, 2026, will reopen forty-eight hours after the conclusion of this disclosure, in compliance with the Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons.

Regulatory Filings

The outcome was filed with the Corporate Relationship Department at BSE Limited and the Listing Department at National Stock Exchange of India Limited. IDBI Trusteeship Services Limited was copied on the communication.

IRB InvIT Fund has approved the re-appointment of Mr. Rajinder Pal Singh as a Non-Executive, Non-Independent Director for a three-year term. The appointment is subject to shareholder approval at the ensuing General Meeting.

The Board of Directors of the Investment Manager, IRB Infrastructure Private Limited, made the decision at its meeting held on August 26, 2026. Mr. Singh’s new tenure will commence on February 14, 2027, and end on February 13, 2030. He is liable to retire by rotation.

Board Rationale

The Board recommended the continuation of Mr. Singh despite him attaining the age of 75 years. The decision cites his extensive administrative and infrastructure sector experience, strategic guidance, and governance oversight during his association with the company.

Mr. Singh serves as the Chairman and Non-Independent Director of the company. He holds a master’s degree in mathematics from Panjab University, Chandigarh. A former IAS officer, he previously served as Chairman of Punjab and Sind Bank and Secretary to the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India. He was also Chairman of the National Highways Authority of India from June 2012 to June 2015.

Regulatory Compliance

The disclosure is made in pursuance of SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, under the Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Singh is not debarred from holding office by any SEBI order or other authority. There are no inter-se relations between him and other board members.