Maple Infrastructure Trust has confirmed that the National Highways Authority of India (NHAI) will retain the Wholesale Price Index (WPI) linking factor at 1.641 for user fee revisions. This decision impacts all existing contracts and concession agreements, ensuring continuity in the calculation of user fees based on the WPI series of 2004-05 and 2011-12.

The NHAI issued a circular on July 8, 2026, pursuant to a directive from the Ministry of Road Transport and Highways (MoRTH). The ministry, via an Office Memorandum dated June 29, 2026, directed the adoption of the 1.641 factor to link the WPI series of 2004-05 to the WPI series of 2011-12. This directive follows observations by the Comptroller and Auditor General (C&AG) and directions from the Hon'ble High Court of Delhi.

Consequently, the NHAI circular dated September 13, 2025, which had modified the linking factor to 1.561, stands superseded. The revised circular mandates that the 1.641 factor be followed for all future National Highway projects until further orders or amendments to NH Fee Rules are issued.

The investment manager, Maple Infra InvIT Investment Manager Private Limited, disclosed that the information is available on the Trust's website. The development ensures stability in the user fee revision mechanism for the Trust's operational assets.

CDPQ Infrastructures Asia III Inc., the Sponsor Group entity of Maple Infra Trust , has released a non-disposal undertaking on a portion of its unitholding. The disclosure, submitted to the stock exchanges on July 7, 2026, confirms the release of encumbrance on 177,289,950 units. This undertaking was previously created in favour of Axis Trustee Services Limited, acting as the security trustee for lenders of a facility availed by Maple Highways Pte. Ltd.

The release of the non-disposal undertaking does not alter the total unitholding of the Sponsor Group. The entity continues to hold 211,302,000 units, which constitutes a 44.69% stake in the trust. The transaction was intimated to the Investment Manager on July 6, 2026, under Chapter 10 of the SEBI Master Circular for Infrastructure Investment Trusts dated July 11, 2025.

Details of Change in Holding

The following table outlines the specifics of the transaction involving the release of the non-disposal undertaking:

The disclosure confirms that there was no acquisition or disposal of units on the market. The value of the transaction is not applicable (N.A.) as the action involves the release of a previous undertaking rather than a trade. The mode of acquisition or disposal is also listed as N.A. in the regulatory filing.

Regulatory Context

The disclosure was made pursuant to Chapter 10 of the SEBI Master Circular for Infrastructure Investment Trusts dated July 11, 2025. The filing was signed by authorized signatories Antoine Rezé and Stanislav Comendant on behalf of CDPQ Infrastructures Asia III Inc. The information is also available on the trust's official website.