Vertis Infrastructure Trust NAV at INR 106.80 for Q4FY26

Vertis Infrastructure Trust has submitted its valuation report and Net Asset Value (NAV) computation for the quarter ended March 31, 2026. The report, prepared by Registered Valuer Mr. Manish Gadia, confirms the NAV at INR 106.80 per unit based on the full valuation of assets. The total assets of the Trust were valued at INR 2,73,644 million, with net assets amounting to INR 1,61,268 million.

The valuation was conducted in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The report details the fair enterprise value of the Trust's 27 Special Purpose Vehicles (SPVs), which comprise a portfolio of operational road assets across India. The valuation methodology primarily utilized the Discounted Cash Flow (DCF) method under the income approach, considering the long-term cash flow visibility of the underlying toll, annuity, and Hybrid Annuity Model (HAM) assets.

Valuation Summary

The computation of the NAV as on March 31, 2026, is derived from the total assets and liabilities of the Trust. The following table outlines the financial position used to arrive at the final NAV figure:

Particulars	Details
Assets (A) (INR’ million)	2,73,644
Liabilities (B) (INR’ million)	1,12,376
Net Assets (A-B) (C) (INR’ million)	1,61,268
Number of units (D) (million)	1,510
NAV (INR PER UNIT) (C/D)	106.80

Asset Portfolio

The Trust owns and operates a diversified portfolio of 28 operational road assets held through 26 entities, aggregating approximately 8,428 lane kilometers. The portfolio includes a mix of toll-based, annuity-style, and HAM concessions. Key assets include the North Telangana Expressway Private Limited (NTEPL), Dewas Bhopal Corridor Private Limited (DBCPL), and Godhra Expressways Private Limited (GEPL). The valuation report notes that the Trust acquired 12 SPVs from PNC Infratech Ltd during the year, expanding its asset base.

The valuation report has been uploaded on the Trust's website and submitted to the designated stock exchanges along with the annual financial results.

Vertis Infrastructure Trust has submitted its annual Compliance Certificate confirming adherence to the Structured Digital Database (SDD) requirements under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The submission, made to the National Stock Exchange of India Limited and BSE Limited on May 21, 2026, covers the financial year ended March 31, 2026.

The certificate was issued by CS Ananna Sarkar, a Practising Company Secretary, following a review of the Trust's internal systems. It confirms that the Trust has implemented a structured digital database with controlled access to maintain records of Unpublished Price Sensitive Information (UPSI).

Compliance Details

The certification process verified several key operational aspects of the Trust's compliance framework. The audit confirmed that the system successfully captured all disseminated UPSI events during the previous financial year. The database is designed to be non-tamperable and maintains an audit trail for all entries.

Compliance Parameter	Status
Structured Digital Database	In place
Access Control	Established
UPSI Events Captured	11 of 11
Record Maintenance	8 years
Non-compliances	None

The Trust confirmed that it was required to capture 11 specific events during the financial year and successfully recorded all of them within the system. Furthermore, the certificate noted that there were no observations of non-compliance during the period under review.

Regulatory Context

The submission was made in response to circulars issued by both BSE Limited and the National Stock Exchange of India Limited in October 2024. These directives mandated the annual submission of SDD compliance certificates pursuant to Regulation 3(5) and 3(6) of the SEBI PIT Regulations. The information has been uploaded to the Trust's official website.