Indus Infra Trust , formerly known as Bharat Highways InvIT, has announced the formation of a new Investment Committee as part of its governance structure. The decision was made by the Board of Directors of GR Highways Investment Manager Private Limited, which acts as the Investment Manager for the trust.

Committee Composition

The newly constituted Investment Committee comprises four members:

Notably, three out of the four committee members hold positions as independent directors, ensuring a strong independent oversight in the committee's decision-making process.

Regulatory Compliance

This development was disclosed in accordance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The formation of the Investment Committee demonstrates Indus Infra Trust's commitment to robust governance practices and strategic investment management.

Trust Details

Indus Infra Trust focuses on infrastructure investments. The trust is managed by GR Highways Investment Manager Private Limited, which oversees its operations and investment strategies.

The establishment of this Investment Committee with a majority of independent members is likely to enhance the trust's decision-making processes and potentially boost investor confidence in its governance structure.

Mohnish Dutta, Company Secretary & Compliance Officer (ICSI M. No. FCS 10411), has officially communicated this development to the stock exchanges on behalf of Indus Infra Trust.

This strategic move underscores the trust's focus on maintaining high standards of corporate governance and ensuring that investment decisions are made with independent oversight, which is crucial in the infrastructure investment sector.

Indus Infra Trust , a leading infrastructure investment trust, has announced its financial results for the first quarter, ending June 30. The trust, which owns a diversified portfolio of 9 Hybrid Annuity Model (HAM) road assets, has reported strong performance and declared a distribution of INR 3.25 per unit for the quarter.

Key Highlights

• Distribution per unit (DPU) of INR 3.25, comprising:
  • INR 2.78 as interest
  • INR 0.04 as dividend
  • INR 0.43 as capital repayment
• Cumulative distribution since listing now stands at INR 17.45 per unit
• Trust's leverage at 28.97%, providing room for future acquisitions
• Average residual life of the portfolio exceeds 11 years

Financial Performance

The trust reported a standalone interest income of INR 185.00 crores for Q1, up from INR 175.00 crores in the previous quarter. This increase was primarily attributed to the debt on-lent to the recently acquired Galgalia Bahadurganj project.

On a consolidated basis, the total income for the quarter stood at INR 204.48 crores, which included:

• INR 186.00 crores from revenue from operations
• INR 18.00 crores from other income

Distribution Details

The Board has approved a distribution of INR 3.25 per unit for Q1. The distribution will be made within 5 working days from the record date of August 4.

Acquisition and Growth Plans

Amit Kumar Singh, Chief Executive Officer of the Investment Manager, outlined ambitious growth targets for the trust:

• Addition of INR 3,500-4,000 crores in enterprise value
• Plans to add INR 5,000 crores each year through ROFO (Right of First Offer) and third-party assets

The trust is currently conducting due diligence on new ROFO HAM assets offered by GR, targeting completion within the current quarter.

Management Commentary

Mr. Singh commented on the government's infrastructure push, stating, "India now proudly holds the distinction of having the second largest road network in the world. Under the Honorable Prime Minister's Viksit Bharat at 2047 vision, the Ministry of Road Transport and Highways is not just laying roads, they're actually laying down the building blocks for long-term economic transformation for the country."

He added, "Looking ahead, we remain committed to playing a meaningful role in India's infrastructure growth, backed by a robust balance sheet, a well-defined pipeline of ROFO and third-party assets, and the momentum of our recent strategic rebranding."

Future Outlook

Indus Infra Trust maintains its distribution guidance of INR 12.5 for the full year, with expectations of exceeding this target. The trust's strong financial position, coupled with its strategic acquisition plans, positions it well to capitalize on emerging opportunities in India's growing infrastructure sector.

Investors and stakeholders can expect Indus Infra Trust to continue its focus on delivering stable and predictable returns while contributing to the nation's infrastructure development goals.