Financial Results - REITs or InvITs
General information about REITs or InvITs
| Scrip Code |
974227 |
| NSE Symbol |
VERTIS |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE0KXY23015 |
| Name of Entity |
Vertis Infrastructure Trust |
| Class of security - REITs or INVITs |
InvITs |
| Date of start of financial year |
01-04-2025 |
| Date of end of financial year |
31-03-2026 |
| Date of board meeting when results were approved |
07-11-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
31-10-2025 |
| Description of presentation currency |
INR |
| Level of rounding |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Second quarter |
| Nature of report standalone or consolidated |
Standalone |
| Whether results are audited or unaudited for the quarter ended |
Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended |
Unaudited |
| Segment Reporting |
Single segment |
| Description of single segment |
The activities comprise of owning and investing in Infrastructure SPVs to generate cash flows for distribution to unitholders Based on the guiding principles given in Ind AS108 Operating Segments this activity falls within a single operating segment and accordingly the disclosures of Ind AS108 have not separately been given The Trust is operating in India which is considered as a single geographical segment |
| Start date and time of board meeting |
07-11-2025 16:00:00 |
| End date and time of board meeting |
07-11-2025 18:52:00 |
| Whether cash flow statement is applicable on company |
Yes |
| Type of cash flow statement |
Cash Flow Indirect |
| NDCF applicability |
SPVs & Trust |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Not applicable |
Financial Results Ind-AS
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2025 |
01-04-2025 |
| B |
Date of end of reporting period |
30-09-2025 |
30-09-2025 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
Standalone |
| 1 |
Income |
| (a) |
Revenue from operations |
59,617.00 |
1,14,923.80 |
| (b) |
Other income |
| 1 |
Interest income from bank deposits |
649.80 |
993.80 |
| 2 |
Profit on sale of assets/investments (including MTM) (net) |
65.10 |
227.30 |
|
Total other income |
714.90 |
1,221.10 |
|
Total income |
60,331.90 |
1,16,144.90 |
| 2 |
Expenses |
| (a) |
Cost of materials consumed |
0.00 |
0.00 |
| (b) |
Purchases of stock-in-trade |
0.00 |
0.00 |
| (c) |
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
0.00 |
0.00 |
| (d) |
Employee benefit expense |
0.00 |
0.00 |
| (e) |
Finance costs |
22,760.10 |
35,613.80 |
| (f) |
Depreciation, depletion and amortisation expense
|
0.00 |
0.00 |
| (g) |
Other Expenses |
| 1 |
Operation and maintenance expenses |
0.00 |
0.00 |
| 2 |
Provision for major maintenance obligation |
0.00 |
0.00 |
| 3 |
Operating expenses |
0.00 |
0.00 |
| 4 |
Independent consultancy and project monitoring fees |
0.00 |
0.00 |
| 5 |
Valuation expenses |
19.70 |
38.90 |
| 6 |
Audit fees |
12.30 |
29.80 |
| 7 |
Insurance expenses |
40.90 |
64.50 |
| 8 |
Project manager fees |
0.00 |
0.00 |
| 9 |
Investment manager fees |
1,433.30 |
1,598.20 |
| 10 |
Management support services fee |
0.00 |
0.00 |
| 11 |
Trustee Fees |
16.50 |
22.80 |
| 12 |
Rating fee |
19.90 |
94.30 |
| 13 |
Legal & professional expenses |
429.80 |
2,358.90 |
| 14 |
Other Expenses |
158.10 |
238.50 |
|
Total other expenses |
2,130.50 |
4,445.90 |
|
Total expenses |
24,890.60 |
40,059.70 |
| 3 |
Total profit/(loss) before exceptional items and tax |
35,441.30 |
76,085.20 |
| 4 |
Exceptional items |
(8,561.60) |
(7,373.30) |
| 5 |
Total profit/(loss) before tax |
26,879.70 |
68,711.90 |
| 6 |
Tax expense |
|
| 7 |
Current tax |
87.60 |
144.40 |
| 8 |
Deferred tax |
(5.80) |
(10.80) |
| 9 |
Total tax expenses |
81.80 |
133.60 |
| 10 |
Net movement in regulatory deferral account balances related to profit or loss and
the related deferred tax movement |
0.00 |
0.00 |
| 11 |
Net Profit Loss for the period from
continuing operations |
26,797.90 |
68,578.30 |
| 12 |
Profit (loss) from discontinued operations before tax |
0.00 |
0.00 |
| 13 |
Tax expense of discontinued operations |
0.00 |
0.00 |
| 14 |
Net profit (loss) from discontinued
operation after tax |
0.00 |
0.00 |
| 15 |
Share of profit (loss) of associates and joint ventures accounted for using equity
method |
0.00 |
0.00 |
| 16 |
Total profit (loss) for period |
26,797.90 |
68,578.30 |
| 17 |
Other comprehensive income net of taxes |
0.00 |
0.00 |
| 18 |
Total Comprehensive Income for the period |
26,797.90 |
68,578.30 |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
|
|
|
Total profit or loss, attributable to non-controlling interests |
|
|
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
|
|
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
|
|
| 21 |
Details of unit capital |
|
|
Paid-up unit capital |
15,099.80 |
15,099.80 |
| 22 |
Earnings per unit |
|
| i |
Earnings per unit capital for continuing operations |
|
|
Basic earnings (loss) per unit from continuing operations |
2.06 |
4.54 |
|
Diluted earnings (loss) per unit from continuing operations |
2.06 |
4.54 |
| ii |
Earnings per unit capital for discontinued operations |
|
|
Basic earnings (loss) per unit from discontinued operations |
0 |
0 |
|
Diluted earnings (loss) per unit from discontinued operations |
0 |
0 |
| iii |
Earnings per unit capital (for continuing and discontinued operations) |
|
|
Basic earnings (loss) per unit from continuing and discontinued operations |
2.06 |
4.54 |
|
Diluted earnings (loss) per unit from continuing and discontinued operations |
2.06 |
4.54 |
| 23 |
Disclosure of notes on financial results |
Textual Information(1) |
Textual Information(2) |
Statement of Asset and Liabilities
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
|
Assets |
| 1 |
Non-current assets |
|
Property, plant and equipment |
0.00 |
|
Capital work-in-progress |
0.00 |
|
Investment property |
0.00 |
|
Goodwill |
0.00 |
|
Other intangible assets |
0.00 |
|
Intangible assets under development |
0.00 |
|
Biological assets other than bearer plants |
0.00 |
|
Investments accounted for using equity method |
0.00 |
|
Non-current financial assets |
|
|
Non-current investments |
5,38,572.10 |
|
Trade receivables, non-current |
0.00 |
|
Loans, non-current |
14,98,675.80 |
|
Other non-current financial assets |
16,848.00 |
|
Total non-current financial assets |
20,54,095.90 |
|
Deferred tax assets (net) |
5.20 |
|
Other non-current assets |
408.40 |
|
Total non-current assets |
20,54,509.50 |
| 2 |
Current assets |
|
|
Inventories |
0.00 |
|
Current financial asset |
|
|
Current investments |
4,789.70 |
|
Trade receivables, current |
0.00 |
|
Cash and cash equivalents |
610.60 |
|
Bank balance other than cash and cash equivalents |
10,011.30 |
|
Loans, current |
36,594.10 |
|
Other current financial assets |
82,617.30 |
|
Total current financial assets |
1,34,623.00 |
|
Current tax assets (net) |
0.00 |
|
Other current assets |
415.90 |
|
Total current assets |
1,35,038.90 |
| 3 |
Non-current assets classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account debit balances and related deferred tax Assets |
0.00 |
|
Total assets |
21,89,548.40 |
|
Unit Capital and liabilities |
|
| 1 |
Unit Capital |
|
|
Unit Capital attributable to owners of parent |
|
|
Unit capital |
12,86,106.30 |
|
Other equity |
(2,05,886.50) |
|
Total equity attributable to owners of parent |
10,80,219.80 |
|
Non controlling interest |
|
|
Total Unit Capital |
10,80,219.80 |
| 2 |
Liabilities |
|
|
Non-current liabilities |
|
|
Non-current financial liabilities |
|
|
Borrowings, non-current |
9,92,560.80 |
|
Lease liabilities, non-current |
0.00 |
|
Trade payables, non-current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
0.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
0.00 |
|
Total Trade payable |
0.00 |
|
Other non-current financial liabilities |
8,390.10 |
|
Total non-current financial liabilities |
10,00,950.90 |
|
Provisions, non-current |
0.00 |
|
Deferred tax liabilities (net) |
0.00 |
|
Deferred government grants, Non-current |
0.00 |
|
Other non-current liabilities |
0.00 |
|
Total non-current liabilities |
10,00,950.90 |
|
Current liabilities |
|
|
Current financial liabilities |
|
|
Borrowings, current |
91,610.40 |
|
Lease liabilities, current |
0.00 |
|
Trade payables, current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
4.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
887.70 |
|
Total Trade payable |
891.70 |
|
Other current financial liabilities |
15,407.80 |
|
Total current financial liabilities |
1,07,909.90 |
|
Other current liabilities |
442.90 |
|
Provisions, current |
0.00 |
|
Current tax liabilities (Net) |
24.90 |
|
Deferred government grants, Current |
0.00 |
|
Total current liabilities |
1,08,377.70 |
| 3 |
Liabilities directly associated with assets in disposal group classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account credit balances and related deferred tax liability |
|
|
Total liabilities |
11,09,328.60 |
|
Total equity and Liabilities |
21,89,548.40 |
|
Disclosure of notes on assets and liabilities |
|
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Amount in (Lakhs)
| Particulars |
3 months/ 6 month ended (dd-mm-yyyy) |
Year to date figures for current period
ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-07-2025 |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
Standalone |
| 1 |
Segment Revenue (Income) |
|
(net sale/income from each segment should
be disclosed) |
|
Total Segment Revenue |
|
|
|
Less: Inter segment revenue |
|
|
|
Revenue from operations |
|
|
| 2 |
Segment Result |
|
Profit (+) / Loss (-) before tax and
interest from each segment |
|
Total Profit before tax |
|
|
|
i. Finance cost |
|
|
|
ii. Other Unallocable Expenditure net off Unallocable income |
|
|
|
Profit before tax |
|
|
| 3 |
(Segment Asset - Segment Liabilities)
|
|
Segment Asset |
|
Total Segment Asset |
|
|
|
Un-allocable Assets |
|
|
|
Net Segment Asset |
|
|
| 4 |
Segment Liabilities |
|
Segment Liabilities |
|
Total Segment Liabilities |
|
|
|
Un-allocable Liabilities |
|
|
|
Net Segment Liabilities |
|
|
|
Disclosure of notes on segments |
Textual Information(1) |
Textual Information(2) |
Other Comprehensive Income
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2025 |
01-04-2025 |
| B |
Date of end of reporting period |
30-09-2025 |
30-09-2025 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
Standalone |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Re-measurement gain on defined benefit obligations |
0 |
0 |
|
Total Amount of items that will not be reclassified to profit and loss |
0.00 |
0.00 |
| 2 |
Income tax relating to items that will not be reclassified to profit or loss |
0.00 |
0.00 |
| 3 |
Amount of items that will be reclassified to profit and loss |
|
|
Total Amount of items that will be reclassified to profit and loss |
|
|
| 4 |
Income tax relating to items that will be reclassified to profit or loss |
|
|
| 5 |
Total Other comprehensive income |
0.00 |
0.00 |
|
Disclosure of notes on other comprehensive income |
Text Block(1) |
Text Block(2) |
Cash flow statement, indirect
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-04-2025 |
| B |
Date of end of reporting period |
30-09-2025 |
| C |
Whether results are audited or unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
| Part I |
|
| 1 |
Statement of cash flows |
|
|
Cash flows from used in operating activities |
|
|
Profit before tax |
68,711.90 |
| 2 |
Adjustments for reconcile profit (loss) |
|
|
Adjustments for finance costs |
35,613.80 |
|
Adjustments for decrease (increase) in inventories |
0.00 |
|
Adjustments for decrease (increase) in trade receivables, current |
0.00 |
|
Adjustments for decrease (increase) in trade receivables, non-current
|
0.00 |
|
Adjustments for decrease (increase) in other current assets |
612.00 |
|
Adjustments for decrease (increase) in other non-current assets |
0.00 |
|
Adjustments for other financial assets, non-current |
0.00 |
|
Adjustments for other financial assets, current |
305.90 |
|
Adjustments for other bank balances |
0.00 |
|
Adjustments for increase (decrease) in trade payables, current |
673.30 |
|
Adjustments for increase (decrease) in trade payables, non-current |
0.00 |
|
Adjustments for increase (decrease) in other current liabilities |
310.80 |
|
Adjustments for increase (decrease) in other non-current liabilities
|
0.00 |
|
Adjustments for depreciation and amortisation expense |
0.00 |
|
Adjustments for impairment loss reversal of impairment loss recognised
in profit or loss |
0.00 |
|
Adjustments for provisions, current |
0.00 |
|
Adjustments for provisions, non-current |
0.00 |
|
Adjustments for other financial liabilities, current |
0.00 |
|
Adjustments for other financial liabilities, non-current |
0.00 |
|
Adjustments for unrealised foreign exchange losses gains |
0.00 |
|
Adjustments for dividend income |
15,921.00 |
|
Adjustments for interest income |
99,996.60 |
|
Adjustments for share-based payments |
0.00 |
|
Adjustments for fair value losses (gains) |
13.30 |
|
Adjustments for undistributed profits of associates |
0.00 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
(227.30) |
|
Other adjustments to reconcile profit (loss) |
0.00 |
|
Other adjustments for non-cash items |
7,373.30 |
|
Share of profit and loss from partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Total adjustments for reconcile
profit (loss) |
(71,242.50) |
|
Net cash flows from (used in)
operations |
(2,530.60) |
|
Dividends received |
0.00 |
|
Interest paid |
0.00 |
|
Interest received |
0.00 |
|
Income taxes paid (refund) |
98.40 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
operating activities |
(2,629.00) |
| 3 |
Cash flows from used in
investing activities |
|
|
Cash flows from losing control of subsidiaries or other businesses |
0.00 |
|
Cash flows used in obtaining control of subsidiaries or other businesses |
1,12,042.50 |
|
Other cash receipts from sales of equity or debt instruments of other
entities |
3,69,311.00 |
|
Other cash payments to acquire equity or debt instruments of other entities
|
7,95,631.80 |
|
Other cash receipts from sales of interests in joint ventures |
0.00 |
|
Other cash payments to acquire interests in joint ventures |
0.00 |
|
Cash receipts from share of profits of partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Cash payment for investment in partnership firm or association of persons or
limited liability partnerships |
0.00 |
|
Proceeds from sales of property, plant and equipment |
0.00 |
|
Purchase of property, plant and equipment |
0.00 |
|
Proceeds from sales of investment property |
0.00 |
|
Purchase of investment property |
0.00 |
|
Proceeds from sales of intangible assets |
0.00 |
|
Purchase of intangible assets |
0.00 |
|
Proceeds from sales of intangible assets under development |
0.00 |
|
Purchase of intangible assets under development |
0.00 |
|
Proceeds from sales of goodwill |
0.00 |
|
Purchase of goodwill |
0.00 |
|
Proceeds from biological assets other than bearer plants |
0.00 |
|
Purchase of biological assets other than bearer plants |
0.00 |
|
Proceeds from government grants |
0.00 |
|
Proceeds from sales of other long-term assets |
0.00 |
|
Purchase of other long-term assets |
0.00 |
|
Cash advances and loans made to other parties |
0.00 |
|
Cash receipts from repayment of advances and loans made to other parties |
0.00 |
|
Cash payments for future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Cash receipts from future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Dividends received |
15,921.00 |
|
Interest received |
57,877.50 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
(16,613.40) |
|
Net cash flows from (used in)
investing activities |
(4,81,178.20) |
| 4 |
Cash flows from used in
financing activities |
|
|
Proceeds from changes in ownership interests in subsidiaries |
0.00 |
|
Payments from changes in ownership interests in subsidiaries |
0.00 |
|
Proceeds from issuing unit |
0.00 |
|
Proceeds from issuing other equity instruments |
0.00 |
|
Payments to acquire or redeem entity's shares/units |
0.00 |
|
Payments of other equity instruments |
0.00 |
|
Proceeds from exercise of stock options |
0.00 |
|
Proceeds from issuing debentures notes bonds etc |
0.00 |
|
Proceeds from borrowings |
7,73,815.70 |
|
Repayments of borrowings |
1,68,614.70 |
|
Payments of lease liabilities |
0.00 |
|
Dividends paid |
84,877.70 |
|
Interest paid |
0.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
(38,133.80) |
|
Net cash flows from (used in)
financing activities |
4,82,189.50 |
|
Net increase (decrease) in cash
and cash equivalents before effect of exchange rate changes |
(1,617.70) |
| 5 |
Effect of exchange rate changes
on cash and cash equivalents |
|
|
Effect of exchange rate changes on cash and cash equivalents |
0.00 |
|
Net increase (decrease) in cash
and cash equivalents |
(1,617.70) |
|
Cash and cash equivalents cash flow statement at beginning of period
|
2,228.30 |
|
Cash and cash equivalents cash
flow statement at end of period |
610.60 |
| Other inflows (outflows) of cash(operating activities) |
|
| Other inflows (outflows) of cash(Investing Activities) |
|
| Other inflows (outflows) of cash (Financing Activities) |
|
| Disclosure of notes on cash flow statement, indirect |
|
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Ulundurpet Expressways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,126.00 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.30 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
41.90 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
42.20 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,168.20 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Nirmal BOT Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(434.90) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.60 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
25.30 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
25.90 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(409.00) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Godhra Expressways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,931.30 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
42.70 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
1.50 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
44.20 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
1.90 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,973.60 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Dewas Bhopal Corridor Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,779.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
26.60 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
57.80 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
84.40 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
30.70 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,833.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Shillong Expressway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(179.20) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.40 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
30.90 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
31.30 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(147.90) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Jodhpur Pali Expressway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,399.90 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
1.80 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
20.80 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
22.60 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
27.60 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,394.90 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Udupi Tollway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,260.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
24.50 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
0.10 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
24.60 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,285.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Ateli Narnaul Highway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,417.60 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
11.70 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
0.10 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
11.80 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,429.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Rewari Ateli Highway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(155.20) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
1.70 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
23.40 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
25.10 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
14.70 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(144.80) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Gurgaon Sohna Highway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,835.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.50 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
20.00 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
20.50 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
9.60 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,846.30 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Swarna Tollway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
7,948.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
4.30 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
65.20 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
69.50 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.10 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.60 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
8,017.50 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Gujarat Road And Infrastructure Company Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
7,550.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
109.60 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
0.00 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
109.60 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
310.90 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
1,250.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
(46.40) |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
(46.40) |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
6.50 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
6,139.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Bangalore Elevated Tollway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,630.50 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
20.40 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
71.60 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
92.00 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
31.40 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
31.40 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
2.70 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,688.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
North Telangana Expressway Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
13,691.50 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
73.40 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
1.90 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
75.30 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
96.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
13,670.80 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Rewari Bypass Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(110.60) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
5.80 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
25.60 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
31.40 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
0.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
79.90 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(159.10) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Khajuraho Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
5,023.10 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
91.60 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
91.60 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
91.20 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
29.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,994.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Bundelkhand Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
5,628.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
67.70 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
67.70 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
3.30 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
5,692.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Chitradurga Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
6,072.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
113.80 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
113.80 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
3.30 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
6.20 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
6,176.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Triveni Sangam Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
10,361.50 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
132.60 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
132.60 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
14.10 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
1,794.40 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
1,794.40 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
174.70 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
8,510.90 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Aligarh Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(875.70) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
0.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
209.20 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
209.20 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
6.10 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
49.80 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
49.80 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(722.40) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Gomti Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(242.30) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
85.00 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
49.50 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
134.50 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
4.30 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
25.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(137.10) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Unnao Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
973.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
104.90 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
0.00 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
104.90 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
2.00 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
117.40 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
117.40 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
91.20 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
868.10 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Bithur Kanpur Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
9,458.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
144.40 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
41.80 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
186.20 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
3.50 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
157.80 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
157.80 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
11.40 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
9,472.20 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Meerut Haridwar Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
374.10 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
59.70 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
99.30 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
159.00 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
15.50 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
606.10 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
606.10 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
196.80 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
(285.30) |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Dausa Lalsot Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,326.10 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
211.20 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
39.80 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
251.00 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
129.60 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
0.00 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
0.00 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
22.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,425.50 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Bareilly Nainital Highways Private Limited |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
913.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| f |
Sum of other Cash flows not included above |
0.00 |
|
Details of other Cash flows not included above |
|
| |
|
Total (1) |
0.00 |
| 2 |
Add: Treasury income / income from investing activities |
|
| a |
Interest income received from FD |
83.10 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
2.20 |
| e |
Profit on sale of Investments |
0.00 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
85.30 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
349.40 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI�s except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
0.00 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
617.40 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
617.40 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
32.20 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
0.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - Trust
Amount in (Lakhs)
|
|
| A |
Name of Project |
Vertis Infrastructure Trust |
| B |
Date of start of reporting period |
01-07-2025 |
| C |
Date of end of reporting period |
30-09-2025 |
| Sr. |
Particulars |
Amount |
|
Cashflows from operating activities of the Trust |
(1,682.20) |
| 1 |
Add: Cash Flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework |
|
| 1 |
Dividend (Old Regime) |
8,097.50 |
| 2 |
Interest Income |
37,266.40 |
| 3 |
Repayment of Loan |
30,792.00 |
| f |
Sum of other Cash flows not included above |
(374.60) |
|
Details of other Cash flows not included above |
|
| |
|
|
Total (1) |
75,781.30 |
| 2 |
Add: Treasury income / income from investing activities of the Trust |
|
| a |
Interest income received from FD |
483.30 |
| b |
Tax refund |
0.00 |
| c |
Any other income in the nature of interest |
0.00 |
| d |
Profit on sale of Mutual funds |
0.00 |
| e |
Profit on sale of Investments |
66.70 |
| f |
Profit on sale of Assets |
0.00 |
| g |
Dividend Income |
0.00 |
| h |
Sum of other income not included above |
0.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
550.00 |
| 3 |
Add: Proceeds from sale of real estate/ infrastructure
investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for
the following: |
|
| a |
Applicable capital gains and other taxes |
0.00 |
| b |
Related debts settled or due to be settled from sale proceeds |
0.00 |
| c |
Directly attributable transaction costs |
0.00 |
| d |
Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT
Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/
InvIT Regulations |
0.00 |
| e |
Sum of other sale proceeds not included above |
0.00 |
|
Details of other sale proceeds not included above |
|
|
|
Total (3) |
0.00 |
| 4 |
Add: Proceeds from sale of real estate/ infrastructure investments, real estate/
infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an
earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT
Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not
intended to be invested subsequently |
0.00 |
| 5 |
Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per
Profit and Loss Account and any shareholder debt / loan from Trust |
21,858.20 |
| 6 |
Less: Debt repayment (to include principal repayments as per scheduled EMI's except if
refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt
refinanced through new debt, in any form or equity raise as well as repayment of any shareholder
debt / loan from Trust) |
5,358.20 |
| 7 |
Less: Any reserve required to be created under the terms of, or
pursuant to the obligations arising in accordance with: |
|
| a |
Loan agreement entered with banks/ financial institution from whom the Trust or any of its
SPVs/ HoldCos have availed debt |
458.90 |
| b |
Terms and conditions, covenants or any other stipulations applicable to debt securities
issued by the Trust or any of its SPVs/ HoldCos |
0.00 |
| c |
Terms and conditions, covenants or any other stipulations applicable to external
commercial borrowings availed by the Trust or any of its SPVs/ HoldCos |
0.00 |
| d |
Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/
infrastructure asset, or generates revenue or cashflows from such asset |
0.00 |
| e |
Statutory, judicial, regulatory, or governmental stipulations |
0.00 |
| f |
Agreement entered for PPP projects |
0.00 |
| g |
Agreement entered for non-PPP projects |
0.00 |
|
Total (7) |
458.90 |
| 8 |
Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to
the extent not funded by debt / equity or from reserves created in the earlier years |
0.00 |
|
Net Distributable Cash Flow at Trust level |
46,973.80 |
|
Notes: |
|
| |
Statement of Net Assets at Fair Value (NAV)
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
| Sr. |
Particulars |
Book Value |
Fair Value |
| A |
Total Assets |
21,89,548.40 |
26,72,978.60 |
| B |
Total Liabilities |
11,09,328.70 |
11,09,328.70 |
| C |
Net Assets (A - B) |
10,80,219.70 |
15,63,649.90 |
| D |
Less: Non-Controlling Interest |
0.00 |
0.00 |
| E |
Net Assets attributable to unitholders (C-D) |
10,80,219.70 |
15,63,649.90 |
| F |
No. of Units |
1510 |
1510 |
| G |
NAV per unit (E/F) |
71.54 |
103.55 |
|
Disclosure of notes on net assets at fair value |
Text Block(1) |
Text Block(2) |
Statement of Total Returns at Fair Value
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
|
Particulars |
Amount |
| 1 |
Total Comprehensive Income (As per the Statement of Profit and loss) |
68,578.30 |
|
Add/Less: Other Changes in Fair Value not recognized in Total Comprehensive Income |
| 1 |
Other changes in fair value for the year (refer note 1) |
5,35,917.90 |
|
Total Other Changes in Fair Value not recognized in Total Comprehensive Income |
5,35,917.90 |
|
Total Return |
6,04,496.20 |
|
Disclosure of notes on total returns at fair value |
Statement of Net Borrowings Ratio
Amount in (Lakhs)
| Sr. |
Particulars |
Amount |
| A |
Borrowings [Refer Notes 1 & 2] |
0.00 |
| B |
Deferred Payments [Refer Notes 1 & 3] |
0.00 |
| C |
Cash and Cash Equivalents [Refer Notes 1 & 3] |
0.00 |
| D |
Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C) |
0.00 |
| E |
Value of REIT/InVIT assets [Refer Notes 3 & 4] |
0.00 |
| F |
Net Borrowings Ratio (D/E) |
0.00 |
|
Disclosure of notes on net borrowings ratio |
|
Statement of Changes in Unitholders Equity
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended(dd-mm-yyyy) |
Year to date figures for current period ended(dd-mm-yyyy) |
| Date of start of reporting period |
01-07-2025 |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
Standalone |
|
|
|
|
| 1 |
Balance at the beginning of the current reporting period |
12,86,106.40 |
12,86,106.40 |
| 2 |
Changes in Unit Capital due to prior period errors |
0.00 |
0.00 |
| 3 |
Restated balance at the beginning of the current reporting period |
0.00 |
0.00 |
| 4 |
Changes in Unit Capital due to prior period errors |
0.00 |
0.00 |
| 5 |
Balance at the end of the current reporting period |
12,86,106.40 |
12,86,106.40 |
|
Disclosure of notes on changes in unit capital |
Textual Information(1) |
Textual Information(2) |
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy)
|
| Date of start of reporting period |
01-07-2025 |
| Date of end of reporting period |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
B(i). Other Equity
|
|
Share application money pending allotment |
Equity component of compound financial instruments |
Reserves and Surplus |
Debt instruments through Other Comprehensive Income |
Equity Instruments through Other Comprehensive Income |
Effective portion of Cash Flow Hedges |
Revaluation Surplus |
Exchange differences on translating the financial statements of a foreign operation |
Other items of Other Comprehensive Income (specify nature) |
Money received against share warrants |
Total |
| Capital Total Reserve |
Securities Premium |
Other Reserves (specify nature) |
Retained Earnings |
| 1 |
Balance at the beginning of the current reporting period |
|
|
|
|
|
(2,01,162.00) |
|
|
|
|
|
|
|
(2,01,162.00) |
| 2 |
Changes in accounting policy or prior period errors |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 3 |
Restated balance at the beginning of the current reporting period |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 4 |
Total Comprehensive Income for the current year |
|
|
|
|
|
31,078.70 |
|
|
|
|
|
|
|
31,078.70 |
| 5 |
Dividends |
|
|
|
|
|
(35,803.20) |
|
|
|
|
|
|
|
(35,803.20) |
| 6 |
Transfer to retained earnings |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 7 |
Any other change |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 8 |
Balance at the end of the current reporting period |
|
|
|
|
|
(2,05,886.50) |
|
|
|
|
|
|
|
(2,05,886.50) |
| 9 |
Details of any other change (If figures reported in No. 7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount in (Lakhs)
| Particulars |
"Year to date figures for current period ended
(dd-mm-yyyy)"
|
| Date of start of reporting period |
01-04-2025 |
| Date of end of reporting period |
30-09-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
B(ii). Other Equity
|
|
Share application money pending allotment |
Equity component of compound financial instruments |
Reserves and Surplus |
Debt instruments through Other Comprehensive Income |
Equity Instruments through Other Comprehensive Income |
Effective portion of Cash Flow Hedges |
Revaluation Surplus |
Exchange differences on translating the financial statements of a foreign operation |
Other items of Other Comprehensive Income (specify nature) |
Money received against share warrants |
Total |
| Capital Total Reserve |
Securities Premium |
Other Reserves (specify nature) |
Retained Earnings |
| 1 |
Balance at the beginning of the current reporting period |
|
|
|
|
|
(1,89,587.20) |
|
|
|
|
|
|
|
(1,89,587.20) |
| 2 |
Changes in accounting policy or prior period errors |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 3 |
Restated balance at the beginning of the current reporting period |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 4 |
Total Comprehensive Income for the current year |
|
|
|
|
|
68,578.30 |
|
|
|
|
|
|
|
68,578.30 |
| 5 |
Dividends |
|
|
|
|
|
(84,877.70) |
|
|
|
|
|
|
|
(84,877.70) |
| 6 |
Transfer to retained earnings |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 7 |
Any other change |
|
|
|
|
|
0.00 |
|
|
|
|
|
|
|
0.00 |
| 8 |
Balance at the end of the current reporting period |
|
|
|
|
|
(2,05,886.50) |
|
|
|
|
|
|
|
(2,05,886.50) |
| 9 |
Details of any other change (If figures reported in No. 7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Details of Funds raised through Debt - Consolidated basis
Amount in (Lakhs)
| Sr no. |
Types of Borrowings |
Opening Outstanding |
Raised During the period |
Repaid during the period |
Closing Outstanding |
| 1 |
Borrowings from Domestic - Banks/ Financial Institutions (including term loans) |
84,600.20 |
1,140.00 |
7,995.20 |
77,745.00 |
| 2 |
Non-Convertible Debentures (NCDs) |
28,308.00 |
0.00 |
29.50 |
28,278.50 |
| 3 |
Non-Convertible Preference Shares (NCRPs) |
0.00 |
0.00 |
0.00 |
0.00 |
| 4 |
ECBs |
0.00 |
0.00 |
0.00 |
0.00 |
| Whether fund raised through debt consolidated other than above? |
Yes |
|
Commercial Papers |
2,656.40 |
8,500.00 |
8,500.00 |
2,656.40 |
Details of Borrowing / Debt (Raised during the period)
Disclosures of Ratios
Amount in (Lakhs)
| Whether the REITS/INVITS have any outstanding borrowings? |
Yes |
| Sr. No |
Particulars |
Ratio |
Remarks |
| 1 |
Debt equity ratio |
1.00 |
|
| 2 |
Debt service coverage ratio |
2.07 |
|
| 3 |
Interest service coverage ratio |
2.56 |
|
| 4 |
Asset cover available ratio |
2.07 |
|
| 5 |
Total debts to total assets |
0.50 |
|
| 6 |
Current ratio |
1.25 |
|
| 7 |
EBITDA margin (i.e.: Earnings before interest tax depreciation and amortisation margin) |
0.96 |
|
| 8 |
Net profit margin percent |
52.00 |
|
| 9 |
Net operating income margin |
0.96 |
|
| 10 |
Distribution per unit (In Rs.) |
300.00 |
|
| 11 |
Net worth i.e.: Unitholders funds |
108021970000 |
|
Details of Capital raised during the period
Amount in (Lakhs)
Text Block
|
| Details Of Capital Raised During The Period Explanatory |
|
Details of Assets acquired during the reporting period
Amount in (Lakhs)
Text Block
|
| Details Of Assets Acquired During The Reporting Period Explanatory
|
|
Details of Assets disposed off during the reporting period
Amount in (Lakhs)
Text Block
|
| Details Of Assets DisposedOff During The Reporting Period
Explanatory
|
|
Details of Distributions made during each quarter of the Financial Year
|
| A |
Date of start of reporting period |
01-07-2025 |
| B |
Date of end of reporting period |
30-09-2025 |
| B |
Details of Distribution made during the period, if applicable: (Yes/No) |
Yes |
| Sr. |
Particulars |
|
| 1 |
Record Date |
19-08-2025 |
| 2 |
Date of Board Meeting in which the distribution declared |
13-08-2025 |
| 3 |
Total amount of distribution declared |
Total amount (in Rs. Lakhs) |
Total Amount Per Unit (in Rs.) |
| 4 |
Out of the total amount of distribution declared, the amount in the form of interest,
less taxes, if any |
16,780.30 |
1.11 |
| 5 |
Out of the total amount of distribution declared, the amount in the form of dividend |
2,074.80 |
0.14 |
| 6 |
Out of the total amount of distribution declared, including amount in the form of
amortization of SPV level debt |
16,884.10 |
1.12 |
| 7 |
Out of the total amount of distribution declared, the amount in form of other income
|
64.10 |
0 |
| 8 |
Due date of the payment of distribution |
26-08-2025 |
| 9 |
Date by which payment of distribution is completed |
21-08-2025 |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Ulundurpet Expressways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
9,685.60 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
9,685.60 |
| 2 |
Other Equity |
3,849.50 |
| 3 |
Reserve & Surplus |
(1,349.10) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
12,186.00 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
6,579.60 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
6,579.60 |
| C |
Total Capitalisation |
18,765.60 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Nirmal BOT Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
3,150.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
3,150.00 |
| 2 |
Other Equity |
124.20 |
| 3 |
Reserve & Surplus |
(1,512.10) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
1,762.10 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
242.30 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
6,463.70 |
|
Total Net Debt |
6,706.00 |
| C |
Total Capitalisation |
8,468.10 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Godhra Expressways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
2,015.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
2,015.50 |
| 2 |
Other Equity |
5,161.90 |
| 3 |
Reserve & Surplus |
(57,219.50) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(50,042.10) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
1,00,131.40 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
874.90 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
1,01,006.30 |
| C |
Total Capitalisation |
50,964.20 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Dewas Bhopal Corridor Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
9.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
9.50 |
| 2 |
Other Equity |
1,799.30 |
| 3 |
Reserve & Surplus |
7,372.00 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
9,180.80 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
28,020.80 |
|
Total Net Debt |
28,020.80 |
| C |
Total Capitalisation |
37,201.60 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Shillong Expressway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
50.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
50.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
575.00 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
625.00 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
0.00 |
| C |
Total Capitalisation |
625.00 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Jodhpur Pali Expressway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
6.20 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
6.20 |
| 2 |
Other Equity |
(35,162.20) |
| 3 |
Reserve & Surplus |
2,411.60 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(32,744.40) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
7,966.50 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
54,246.50 |
|
Total Net Debt |
62,213.00 |
| C |
Total Capitalisation |
29,468.60 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Udupi Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
370.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
370.10 |
| 2 |
Other Equity |
10,704.80 |
| 3 |
Reserve & Surplus |
(56,237.30) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(45,162.40) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
15,831.80 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
83,789.40 |
|
Total Net Debt |
99,621.20 |
| C |
Total Capitalisation |
54,458.80 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Ateli Narnaul Highway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
3,889.80 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
3,889.80 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(4,707.50) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(817.70) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
34,921.70 |
|
Total Net Debt |
34,921.70 |
| C |
Total Capitalisation |
34,104.00 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Rewari Ateli Highway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
1,917.20 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
1,917.20 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(1,652.70) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
264.50 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
736.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
20,423.80 |
|
Total Net Debt |
21,160.40 |
| C |
Total Capitalisation |
21,424.90 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Gurgaon Sohna Highway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
2,785.30 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
2,785.30 |
| 2 |
Other Equity |
(577.60) |
| 3 |
Reserve & Surplus |
274.10 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
2,481.80 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
1,665.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
23,480.20 |
|
Total Net Debt |
25,145.20 |
| C |
Total Capitalisation |
27,627.00 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Swarna Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
15,390.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
15,390.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(48,049.70) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(32,659.70) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
69,151.10 |
|
Total Net Debt |
69,151.10 |
| C |
Total Capitalisation |
36,491.40 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Gujarat Road And Infrastructure Company Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
3,150.10 |
| (2) |
held by Other shareholders |
2,396.20 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
5,546.30 |
| 2 |
Other Equity |
8,534.60 |
| 3 |
Reserve & Surplus |
17,219.10 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
31,300.00 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
5,199.20 |
| 2 |
Current Maturities of Long Term Borrowings |
1,970.20 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
7,169.40 |
| C |
Total Capitalisation |
38,469.40 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Bangalore Elevated Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
2,159.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
2,159.10 |
| 2 |
Other Equity |
17,625.00 |
| 3 |
Reserve & Surplus |
(11,640.90) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
8,143.20 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
22.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
22.00 |
| C |
Total Capitalisation |
8,165.20 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
North Telangana Expressway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
1.60 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
1.60 |
| 2 |
Other Equity |
33,499.40 |
| 3 |
Reserve & Surplus |
(47,383.90) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(13,882.90) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
34,032.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
6,33,099.80 |
|
Total Net Debt |
6,67,132.40 |
| C |
Total Capitalisation |
6,53,249.50 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Rewari Bypass Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
143.80 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
143.80 |
| 2 |
Other Equity |
7,426.20 |
| 3 |
Reserve & Surplus |
1,938.80 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
9,508.80 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
601.70 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
16,258.40 |
|
Total Net Debt |
16,860.10 |
| C |
Total Capitalisation |
26,368.90 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Khajuraho Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
3,930.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
3,930.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
10,656.10 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
14,586.10 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
1,607.70 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
40,929.50 |
|
Total Net Debt |
42,537.20 |
| C |
Total Capitalisation |
57,123.30 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Bundelkhand Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
6,528.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
6,528.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
12,031.40 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
18,559.40 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
2,114.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
42,140.70 |
|
Total Net Debt |
44,254.70 |
| C |
Total Capitalisation |
62,814.10 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Chitradurga Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
4,302.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
4,302.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
10,048.90 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
14,350.90 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
1,699.80 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
35,750.10 |
|
Total Net Debt |
37,449.90 |
| C |
Total Capitalisation |
51,800.80 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Triveni Sangam Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
9,823.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
9,823.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
9,241.60 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
19,064.60 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
69,508.40 |
|
Total Net Debt |
69,508.40 |
| C |
Total Capitalisation |
88,573.00 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Aligarh Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
6,681.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
6,681.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
14,493.00 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
21,174.00 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
1,311.90 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
25,329.70 |
|
Total Net Debt |
26,641.60 |
| C |
Total Capitalisation |
47,815.60 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Gomti Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
7,131.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
7,131.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
9,514.20 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
16,645.20 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
1,889.50 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
47,131.80 |
|
Total Net Debt |
49,021.30 |
| C |
Total Capitalisation |
65,666.50 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Unnao Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
8,048.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
8,048.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
7,166.90 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
15,214.90 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
2,503.40 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
50,602.10 |
|
Total Net Debt |
53,105.50 |
| C |
Total Capitalisation |
68,320.40 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Bithur Kanpur Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
9,889.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
9,889.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
13,207.50 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
23,096.50 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
3,201.20 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
67,440.30 |
|
Total Net Debt |
70,641.50 |
| C |
Total Capitalisation |
93,738.00 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Meerut Haridwar Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
6,545.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
6,545.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
5,277.80 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
11,822.80 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
2,306.30 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
49,912.30 |
|
Total Net Debt |
52,218.60 |
| C |
Total Capitalisation |
64,041.40 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Dausa Lalsot Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
2,643.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
2,643.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
4,157.30 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
6,800.30 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
831.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
17,779.70 |
|
Total Net Debt |
18,611.30 |
| C |
Total Capitalisation |
25,411.60 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Bareilly Nainital Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
7,460.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Government of Gujarat |
16.39 |
|
| 2 |
IL and FS Financial Services Limited |
16.57 |
|
| 3 |
IL and FS Transportation Networks Limited |
10.24 |
|
|
Total Capital |
7,460.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(11,996.40) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
(4,536.40) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
583.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
46,717.60 |
|
Total Net Debt |
47,300.60 |
| C |
Total Capitalisation |
42,764.20 |
| Disclosure of notes for HoldCos and Directly held SPVs |
Notes : |
(B)For SVPs held through HoldCos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-07-2025 |
| 2 |
Date of end of reporting period |
30-09-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos |
Not Applicable |
|
Name of SVPs |
Not Applicable |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
0.00 |
| (2) |
held by Other shareholders |
|
|
Name of other shareholder |
% of Holiding |
|
|
Total Capital |
0.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
0.00 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
0.00 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
0.00 |
| 2 |
Current Maturities of Long Term Borrowings |
0.00 |
| 3 |
Short term borrowings |
0.00 |
| 4 |
Deferred Payment Liability |
0.00 |
| 5 |
Interest Accrued and due |
0.00 |
| 6 |
Interest Accrued but not due |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
0.00 |
| C |
Total Capitalisation |
0.00 |
| Disclosure of notes for SVPs held through HoldCos |
Notes : |