Maple Infrastructure Trust Announces Major Shareholding Changes in Investment and Project Managers

Maple Infrastructure Trust has announced major shareholding changes in its Investment Manager and Project Manager entities through comprehensive share purchase agreements that will significantly alter the ownership structure of these key management companies.

Investment Manager Stake Acquisition

MAIF4 Investments India 2 Pte. Ltd. (MAIF4), an investment vehicle of Macquarie Asia-Pacific Infrastructure Fund 4 managed by Macquarie Asset Management, has entered into a share purchase agreement to acquire a substantial stake in Maple Infra InvIT Investment Manager Private Limited. The transaction details are outlined below:

Parameter:	Details
Shares to be Acquired:	63,504,799 equity shares
Percentage Stake:	42.50% of equity share capital
Consideration Amount:	₹160.00 crores
Transaction Date:	December 24, 2025
Impact:	Investment Manager will cease to be subsidiary of Maple Highways

Following completion of this transaction, the ownership structure of the Investment Manager will be redistributed among three key stakeholders. Maple Highways and its affiliate are expected to retain a 42.50% equity stake, matching MAIF4's holding, while 360One Alternates Asset Management Limited will continue to hold its existing 15.00% equity stake.

Project Manager Ownership Restructuring

A parallel transaction involves the acquisition of shares in Maple Highway Project Management Private Limited. MAIF4 has executed a separate share purchase agreement with Maple Highways for this entity as well.

Parameter:	Details
Shares to be Acquired:	78,000 equity shares
Percentage Stake:	40.00% of equity share capital
Consideration Amount:	₹18.00 crores
Transaction Date:	December 24, 2025
Impact:	Project Manager will cease to be subsidiary of Maple Highways

Upon completion, the Project Manager's ownership will be distributed with Maple Highways and its affiliate holding 40.00%, MAIF4 holding 40.00%, and the Investment Manager continuing to hold 20.00% equity stake.

Regulatory Approvals and Conditions

Both transactions are subject to comprehensive regulatory and third-party approvals before completion. The required approvals include:

Competition Commission of India (CCI) clearance
National Highways Authority of India (NHAI) approval
Securities and Exchange Board of India (SEBI) consent
Unitholders of Trust approval
Change in control approvals for the Investment Manager

Additional Strategic Considerations

CDPQ Infrastructures Asia III Inc., identified as a Sponsor Group of the Trust, has indicated potential plans for further strategic realignment. The entity may consider selling up to 177,289,950 units, representing up to 37.50% of the total unit holding of the Trust to MAIF4, subject to the execution of a binding agreement between the parties.

These comprehensive arrangements represent a significant restructuring of the Trust's management entities and potentially its unit holding pattern, marking a substantial involvement of Macquarie's infrastructure investment platform in the Trust's operations and governance structure.

Maple Infrastructure Trust has announced a key leadership change with the resignation of its Chief Financial Officer. The infrastructure investment trust informed the stock exchange about this significant corporate development through an official communication dated December 10, 2025.

Leadership Transition Details

The Board of Directors of Maple InfraInvIT Investment Manager Private Limited, acting in its capacity as the Investment Manager to Maple Infrastructure Trust, formally acknowledged the resignation during their meeting held on December 10, 2025. The key details of this transition are outlined below:

Parameter:	Details
Executive Name:	Mr. Varun Mehta
Position:	Chief Financial Officer and Key Managerial Personnel
Effective Date:	December 12, 2025 (close of business hours)
Board Meeting Date:	December 10, 2025

Regulatory Compliance and Communication

The company has fulfilled its regulatory obligations by informing BSE Limited about this corporate development. The communication was made pursuant to the applicable provisions of SEBI (Infrastructure Investment Trusts) Regulations, 2014, read with SEBI Master Circular for Infrastructure Investment Trusts dated July 11, 2025.

The resignation letter was addressed to BSE Limited's Corporate Relations Department, referencing the company's security code 543925 and scrip ID MIT. This ensures proper documentation and transparency in accordance with regulatory requirements for infrastructure investment trusts.

Public Disclosure and Transparency

In line with corporate governance practices, Maple Infrastructure Trust has made this information publicly available on their official website at https://www.maplehighways.com/ . This demonstrates the company's commitment to maintaining transparency with all stakeholders including investors, regulatory bodies, and the general public.

The communication was signed by Vikas Prakash, Company Secretary and Compliance Officer, representing Maple InfraInvIT Investment Manager Private Limited. Additionally, Axis Trustee Services Limited, located at Axis House, PB Marg, Worli, Mumbai, was copied on this communication as part of the standard notification process.

Corporate Structure Context

Maple Infrastructure Trust, formerly known as Indian Highway Concessions Trust, operates through its Investment Manager, Maple InfraInvIT Investment Manager Private Limited. The Investment Manager's registered office is located at Unit No. 699, 6th Floor, VEGAS Plot No. 6, Pocket 1, Sector 14, Dwarka, South Delhi, while its corporate office is situated in Mumbai at Wing A, Sahar, Off Unit No. 2, Ground floor, Village-Marol, Andheri-East.