IRB Infrastructure Trust announced that its project special purpose vehicle (SPV), Meerut Budaun Expressway Limited, has commenced toll collection on the Ganga Expressway (Group 1) Project effective May 17, 2026. This update follows the Trust's previous disclosures regarding the project's operational readiness.

Operational Milestones

The commencement of toll collection comes shortly after the SPV received the Provisional Certificate (PCOD) for the project. Earlier disclosures on April 28, 2026, and April 29, 2026, had detailed the receipt of this certificate and the subsequent start of trial run traffic operations. The transition to commercial toll operations indicates the completion of trial phases and the readiness of the expressway for full-scale revenue generation.

Project Details

The Ganga Expressway (Group 1) Project is being executed by Meerut Budaun Expressway Limited, which acts as the Project SPV. The Investment Manager to irb infrastructure trust is MMK Toll Road Private Limited. The project represents a key asset within the Trust's infrastructure portfolio.

The notification regarding the toll collection commencement was signed by Kaustubh Shevade, Company Secretary and Compliance Officer, on behalf of the Investment Manager.

IRB Infrastructure Trust , acting through its Investment Manager MMK Toll Road Private Limited, has submitted a Compliance Certificate on its Standard Operating Process for the Structured Digital Database (SDD) to the National Stock Exchange of India Limited. The submission, dated May 15, 2026, pertains to the financial year ended March 31, 2026, and is made pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Background

The submission is in response to NSE Circular No. NSE/CML/31 dated October 18, 2024, which mandates the annual submission of an SDD Compliance Certificate under Regulation 3(5) and 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The certificate has been issued by M/s. KDA & Associates, Practicing Company Secretaries, Mumbai, and was signed by Partner Kaushal Dalal on May 14, 2026.

Key Compliance Highlights

The following table summarises the key parameters covered in the compliance certificate for the financial year ended March 31, 2026:

SDD System Compliance Confirmations

Kaushal Dalal, Partner at KDA & Associates, certified the following aspects of the Trust's SDD framework:

• The Trust has a Structured Digital Database in place
• Access controls exist to regulate who can access the SDD
• All Unpublished Price Sensitive Information (UPSI) disseminated during the financial year has been captured in the database
• The system has recorded the nature of UPSI along with the date and time of each entry
• The database is maintained internally with an audit trail
• The database is non-tamperable and capable of maintaining records for 8 years

Submission Details

The compliance certificate was submitted to the National Stock Exchange of India Limited by Kaustubh Shevade, Company Secretary and Compliance Officer of MMK Toll Road Private Limited, in its capacity as Investment Manager to IRB Infrastructure Trust. The Trust confirmed that all 37 events requiring disclosure to the stock exchanges during the financial year ended March 31, 2026 were duly captured in the SDD, with no instances of non-compliance reported for the period.