IRB InvIT Fund has officially announced that its Investment Manager, IRB Infrastructure Private Limited, will hold a board meeting on December 22, 2025, to consider and approve fundraising through debt or debt securities. The announcement was made through a formal communication to stock exchanges on December 17, 2025.

Board Meeting Details

The meeting has been scheduled to deliberate on raising funds through debt instruments as permitted under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. This formal announcement provides clarity on the fund's strategic financing plans.

Trading Window Closure

In accordance with the Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons, the trading window for dealing in the units of IRB InvIT Fund has been closed. The window will remain closed until further notice to the stock exchanges.

Regulatory Compliance

The announcement demonstrates IRB InvIT Fund's adherence to regulatory requirements and transparency standards. The formal communication to both BSE Limited and National Stock Exchange of India Limited ensures proper disclosure of material developments that could impact trading activities.

This structured approach to debt fundraising reflects the fund's commitment to maintaining regulatory compliance while exploring strategic financing options to support its infrastructure investment objectives.

IRB InvIT Fund has received a significant rating update from India Ratings and Research (Ind-Ra), with the rating agency converting the fund's provisional non-convertible debentures (NCDs) rating to a final rating while affirming existing ratings across multiple instruments.

Rating Conversion and Affirmations

India Ratings converted IRB InvIT Fund's provisional NCD rating to a final IND AAA/Stable rating, marking a key milestone in the fund's debt financing structure. The rating agency simultaneously affirmed the existing issuer rating and bank loan facilities at IND AAA/Stable, demonstrating continued confidence in the fund's creditworthiness.

The comprehensive rating action covers multiple financial instruments across different categories:

Documentation and Compliance Requirements

The conversion from provisional to final rating occurred following the receipt of executed transaction documentation that conforms to information previously received by Ind-Ra. This step represents the completion of necessary regulatory and documentation requirements for the rating finalization process.

The rating agency noted that ratings for proposed non-convertible debentures remain contingent upon the execution of certain documents and occurrence of specific procedural steps. This conditional framework ensures that all regulatory and operational requirements are met before final rating assignments.

Regulatory Framework

The rating communication was issued in accordance with SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. This regulatory compliance underscores the fund's adherence to established investment trust guidelines and transparency requirements.

Financial Structure Overview

The rating update encompasses a substantial financial portfolio, with bank loan facilities totaling ₹66,670.00 million representing the largest component. The non-convertible debentures structure includes both existing instruments worth ₹11,500.00 million and proposed debentures totaling ₹12,700.00 million across two tranches.

The AAA rating category with stable outlook reflects the rating agency's assessment of the fund's strong credit profile and financial stability. This rating level typically indicates high credit quality with very low credit risk, providing confidence to investors and lenders regarding the fund's ability to meet its financial obligations.