IRB Infrastructure Developers has secured a significant financial benefit from the Kaithal Tollway arbitral award against the National Highways Authority of India (NHAI). The company disclosed updated details regarding its specific entitlement from the arbitration proceedings concluded on February 27, 2026.

Company's Entitlement from Arbitral Award

As the Sponsor and Project Manager of Kaithal Tollway Limited (KTL), IRB Infrastructure Developers has clarified its specific share from the arbitral victory. The company's entitlement represents a substantial portion of the overall award granted by the arbitration tribunal.

Arbitration Background

Kaithal Tollway Limited, a Special Purpose Vehicle (SPV) of IRB InvIT Fund, received the unanimous arbitral award dated February 27, 2026, following arbitration proceedings initiated against NHAI. The award addresses compensation for construction delays specifically attributable to the highway authority.

Project Structure and Benefits

The arbitral award benefits IRB Infrastructure Developers through its dual role as Sponsor and Project Manager of the Kaithal Tollway project. The 136.77-day concession period extension specifically addresses construction delays caused by NHAI, providing operational relief alongside monetary compensation.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30, informing stock exchanges about the arbitration outcome. The detailed award information has been made available through the IRB InvIT Fund's separate disclosure filing with BSE Limited, ensuring comprehensive transparency for stakeholders.

IRB Infrastructure Developers witnessed significant share acquisition activity as IRB Holdings purchased an additional 1.50 million shares during February 25-26.

Share Acquisition Details

The transaction involved IRB Holdings acquiring additional equity stakes over a concentrated two-day period. This acquisition represents a notable investment move within the infrastructure development sector.

Market Implications

The share purchase by IRB Holdings indicates continued confidence in the infrastructure development company's business prospects. Such acquisitions typically reflect strategic positioning and long-term investment commitment within the infrastructure sector.

This transaction adds to the overall shareholding pattern and demonstrates active participation by the holding company in the equity markets during the specified period.