Indus Infra Trust successfully concluded its postal ballot process on 6th March 2026, with unitholders demonstrating strong support for the trust's strategic initiatives. The scrutinizer's report confirmed that both resolutions presented to unitholders achieved the requisite majority and were deemed passed on 5th March 2026.

Postal Ballot Process Overview

The postal ballot notice was issued on 10th February 2026, initiating a comprehensive voting process for unitholders. The remote e-voting facility, provided by KFin Technologies Limited, commenced on 12th February 2026 at 9:00 AM and concluded on 5th March 2026 at 5:00 PM. Unitholders holding units as of the cut-off date of 6th February 2026 were eligible to participate in the voting process.

Preksha Dawet & Associates, appointed as scrutinizer, oversaw the entire process in compliance with Regulation 22 of the SEBI Infrastructure Investment Trusts Regulations, 2014.

Resolution Results

Both resolutions presented to unitholders received overwhelming approval, demonstrating strong confidence in the trust's strategic direction.

Resolution 1: Asset Acquisition Approval

The first resolution sought approval for acquiring assets from G R Infraprojects Limited, a related party of the trust. Public institutional holders showed strong support with 10,75,71,578 votes in favour, representing 100% of their polled votes. Public non-institutional holders contributed 2,70,039 votes in favour out of 2,90,450 total votes polled from this category.

Resolution 2: Borrowings Limit Increase

The second resolution, requiring special majority approval under Regulation 22(5A) of SEBI InvIT Regulations, sought to increase the aggregate consolidated borrowings limit of the trust. This resolution received even broader participation, with sponsor group entities casting 25,93,88,705 votes entirely in favour.

Voting Participation Analysis

The voting pattern revealed strong institutional confidence in the trust's strategic initiatives. Public institutional holders demonstrated 93.02% participation rate in the first resolution and maintained their full support in the second resolution. The sponsor group's complete participation in the borrowings limit resolution underscores their commitment to the trust's growth strategy.

Notably, related parties and their associates were excluded from voting on the asset acquisition resolution as per SEBI InvIT Regulations, ensuring transparent decision-making process.

Regulatory Compliance

The entire postal ballot process adhered to SEBI InvIT Regulations and the SEBI Master Circular dated 11th July 2025. The scrutinizer maintained electronic registers recording all voting details and confirmed that both resolutions met their respective majority requirements. The trust's investment manager, GR Highways Investment Manager Private Limited, facilitated the process through proper regulatory channels.

With both resolutions now approved, Indus Infra Trust can proceed with the asset acquisition from G R Infraprojects Limited and implement the increased borrowings limit to support its operational and growth requirements.

Indus Infra Trust has received a CRISIL AAA/Stable rating for its long-term bank facilities totaling Rs. 3000 crore. The infrastructure investment trust communicated this development to the stock exchanges on February 25, 2026, through its investment manager GR Highways Investment Manager Private Limited.

Credit Rating Overview

CRISIL Ratings Limited has assigned the highest credit rating of AAA with a stable outlook to the trust's bank facilities. The rating reflects the trust's strong creditworthiness and capacity for timely payment of financial obligations.

Bank Facility Distribution

The rated facilities are distributed across multiple banking relationships, demonstrating diversified funding sources for the infrastructure trust.

Regulatory Compliance

The rating intimation was made in accordance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The trust has also uploaded the rating information on its official website at indusinvit.com for investor access.

Rating Significance

The CRISIL AAA rating represents the highest degree of safety regarding timely servicing of financial obligations. The stable outlook indicates that the rating is unlikely to change in the near term. CRISIL maintains continuous surveillance of all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances.

The communication was signed by Mohnish Dutta, Company Secretary & Compliance Officer of the investment manager, and copied to IDBI Trusteeship Services Limited, which serves as the trustee for the infrastructure investment trust.