Financial Results - REITs or InvITs
General information about REITs or InvITs
| Scrip Code |
543899 |
| NSE Symbol |
CUBEINVIT |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE0NR623014 |
| Name of Entity |
CUBE HIGHWAYS 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 |
30-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
23-01-2026 |
| Description of presentation currency |
INR |
| Level of rounding |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Third quarter |
| Nature of report standalone or consolidated |
Consolidated |
| 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 Trust group is engaged in the business of setting up of infrastructure facility by way of development of infrastructure projects, operation and maintenance of Infrastructural facilities. As such, all activities undertaken by the SPVs are incidental to the main business. The directors of the SPV and Investment Manager, who have been identified as being the chief operating decision maker (CODM), evaluates the SPVs performance, allocates resources based on the analysis of the previous performance indicators of the SPVs as a single unit. Therefore, there are no separate reportable business segments as per IND AS 108-Operating Segment. |
| Start date and time of board meeting |
30-01-2026 19:50:00 |
| End date and time of board meeting |
30-01-2026 21:30:00 |
| Whether cash flow statement is applicable on company |
|
| Type of cash flow statement |
|
| 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 |
01-10-2025 |
01-04-2025 |
| B |
Date of end of reporting period |
31-12-2025 |
31-12-2025 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
| 1 |
Income |
| (a) |
Revenue from operations |
1,08,082.60 |
3,07,672.30 |
| (b) |
Other income |
| 1 |
Interest on financial assets carried at amortised cost: Bank deposits |
879.30 |
3,766.80 |
| 2 |
Interest on income tax refund |
0.00 |
165.70 |
| 3 |
Sale of scrap |
34.90 |
162.80 |
| 4 |
Insurance claim received |
41.90 |
153.10 |
| 5 |
Gain on mutual funds (net) |
1,117.50 |
4,046.30 |
| 6 |
Liabilities no longer required written back |
43.70 |
466.30 |
| 7 |
Extinguishment of financial liability related contingent consideration |
241.40 |
241.40 |
| 8 |
Reversal of impairment loss allowance on trade receivables |
0.00 |
176.30 |
| 9 |
Miscellaneous Income |
0.00 |
106.20 |
|
Total other income |
2,358.70 |
9,284.90 |
|
Total income |
1,10,441.30 |
3,16,957.20 |
| 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 |
1,654.90 |
5,115.00 |
| (e) |
Finance costs |
36,613.90 |
1,11,327.00 |
| (f) |
Depreciation, depletion and amortisation expense
|
37,691.10 |
1,08,538.30 |
| (g) |
Other Expenses |
| 1 |
Cost of construction |
493.70 |
1,620.90 |
| 2 |
Operation and maintenance expenses |
21,025.10 |
59,732.60 |
| 3 |
Legal & professional fees |
2,594.30 |
4,210.10 |
| 4 |
Investment Management fees |
1,142.60 |
3,194.60 |
| 5 |
Project Management fees |
2,453.40 |
6,902.20 |
| 6 |
Trustee Fees |
2.40 |
7.10 |
| 7 |
Custodian fees |
3.30 |
43.30 |
| 8 |
Insurance expense |
634.10 |
1,707.40 |
| 9 |
Audit fees (including subsidiaries) |
173.30 |
516.80 |
| 10 |
Valuation expense |
23.80 |
77.90 |
| 11 |
Rent |
23.70 |
59.60 |
| 12 |
Rates and taxes |
31.10 |
137.20 |
| 13 |
Impairment loss allowance on trade receivables/unbilled revenues |
0.00 |
181.10 |
| 14 |
Doubtful advance/balances written off |
2.60 |
392.20 |
| 15 |
Advertising expenses |
2.40 |
18.40 |
| 16 |
Travelling and conveyance |
58.10 |
160.10 |
| 17 |
Printing and stationary |
11.50 |
44.50 |
| 18 |
Communication expenses |
53.90 |
159.80 |
| 19 |
Information Technology related cost |
56.20 |
157.40 |
| 20 |
Royalty expenses |
183.00 |
571.40 |
| 21 |
Net loss on foreign currency transaction |
3.10 |
3.10 |
| 22 |
Corporate social responsibility expense |
23.70 |
343.70 |
| 23 |
Loss on write-off of property, plant and equipment |
0.00 |
0.90 |
| 24 |
Fair value adjustments for contingent consideration |
0.00 |
237.60 |
| 25 |
Miscellaneous expenses |
318.00 |
725.50 |
|
Total other expenses |
29,313.30 |
81,205.40 |
|
Total expenses |
1,05,273.20 |
3,06,185.70 |
| 3 |
Total profit/(loss) before exceptional items and tax |
5,168.10 |
10,771.50 |
| 4 |
Exceptional items |
0.00 |
0.00 |
| 5 |
Total profit/(loss) before tax |
5,168.10 |
10,771.50 |
| 6 |
Tax expense |
|
| 7 |
Current tax |
1,422.10 |
3,681.80 |
| 8 |
Deferred tax |
(357.90) |
(1,082.70) |
| 9 |
Total tax expenses |
1,064.20 |
2,599.10 |
| 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 |
4,103.90 |
8,172.40 |
| 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 |
4,103.90 |
8,172.40 |
| 17 |
Other comprehensive income net of taxes |
(7.00) |
(11.80) |
| 18 |
Total Comprehensive Income for the period |
4,096.90 |
8,160.60 |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
4,103.50 |
8,171.20 |
|
Total profit or loss, attributable to non-controlling interests |
0.40 |
1.20 |
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
4,096.50 |
8,159.40 |
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
0.40 |
1.20 |
| 21 |
Details of unit capital |
|
|
Paid-up unit capital |
13,43,960.30 |
13,43,960.30 |
| 22 |
Earnings per unit |
|
| i |
Earnings per unit capital for continuing operations |
|
|
Basic earnings (loss) per unit from continuing operations |
0.31 |
0.61 |
|
Diluted earnings (loss) per unit from continuing operations |
0.31 |
0.61 |
| 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 |
0.31 |
0.61 |
|
Diluted earnings (loss) per unit from continuing and discontinued operations |
0.31 |
0.61 |
| 23 |
Disclosure of notes on financial results |
Textual Information(1) |
Textual Information(2) |
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 |
01-10-2025 |
01-04-2025 |
| Date of end of reporting period |
31-12-2025 |
31-12-2025 |
| Whether results are audited or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
Consolidated |
| 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 |
01-10-2025 |
01-04-2025 |
| B |
Date of end of reporting period |
31-12-2025 |
31-12-2025 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Re-measurement (losses)/gains on defined benefit obligations |
(7.00) |
(10.60) |
| 2 |
Income tax relating to these items |
0.00 |
(1.20) |
|
Total Amount of items that will not be reclassified to profit and loss |
(7.00) |
(11.80) |
| 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 |
0.00 |
0.00 |
| 5 |
Total Other comprehensive income |
(7.00) |
(11.80) |
|
Disclosure of notes on other comprehensive income |
Text Block(1) |
Text Block(2) |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Kanyakumari-Etturavattam Tollway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,756.90 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
37.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
37.00 |
| 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 |
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 |
1.60 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,792.30 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Madurai-Kanyakumari Tollway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,570.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
19.60 |
|
Details of other income not included above |
|
|
|
Total (2) |
19.60 |
| 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 |
8.90 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,581.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Nelamangala Devihalli Expressway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,314.30 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
8.20 |
|
Details of other income not included above |
|
|
|
Total (2) |
8.20 |
| 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 |
1.80 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,320.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Salaipudhur-Madurai Tollway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,741.60 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
27.10 |
|
Details of other income not included above |
|
|
|
Total (2) |
27.10 |
| 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 |
0.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,768.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
N A M Expressway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
6,330.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
29.30 |
|
Details of other income not included above |
|
|
|
Total (2) |
29.30 |
| 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 |
19.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
6,341.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
WESTERN UP TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
637.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
62.20 |
|
Details of other income not included above |
|
|
|
Total (2) |
62.20 |
| 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 |
11.30 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
688.60 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
ANDHRA PRADESH EXPRESSWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(1,400.20) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
58.70 |
|
Details of other income not included above |
|
|
|
Total (2) |
58.70 |
| 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 |
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 |
(1,388.80) |
| 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) |
(1,388.80) |
| 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 |
1.50 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
45.80 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
GHAZIABAD ALIGARH EXPRESSWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
9,772.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
498.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
498.00 |
| 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 |
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 |
4.30 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
10,266.50 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
JAIPUR-MAHUA TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,984.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
(41.70) |
|
Details of other income not included above |
|
|
|
Total (2) |
(41.70) |
| 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 |
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 |
3.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,939.60 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Walayar Vadakkencherry Expressways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,264.10 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
7.30 |
|
Details of other income not included above |
|
|
|
Total (2) |
7.30 |
| 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 |
19.30 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,252.10 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
JAMMU UDHAMPUR HIGHWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
18,867.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
120.80 |
|
Details of other income not included above |
|
|
|
Total (2) |
120.80 |
| 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 |
2,714.40 |
| 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) |
2,714.40 |
| 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 |
9.30 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
16,264.90 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Farakka Raiganj Highways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
5,163.90 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
7.80 |
|
Details of other income not included above |
|
|
|
Total (2) |
7.80 |
| 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 |
(0.30) |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
5,172.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
MAHUA BHARATPUR EXPRESSWAYS LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,987.30 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
223.30 |
|
Details of other income not included above |
|
|
|
Total (2) |
223.30 |
| 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 |
211.70 |
| 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) |
11.20 |
| 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 |
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 |
623.20 |
| 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) |
623.20 |
| 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 |
24.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,340.40 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
DA Toll Road Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
12,628.80 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
37.30 |
|
Details of other income not included above |
|
|
|
Total (2) |
37.30 |
| 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 |
3,030.30 |
|
Details of other sale proceeds not included above |
|
| Reimbursement of GST from NHAI |
|
Total (3) |
3,030.30 |
| 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) |
1,000.00 |
| 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 |
29.40 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
14,667.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
QUAZIGUND EXPRESSWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
(1,221.80) |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
576.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
576.00 |
| 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 |
(508.70) |
| 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) |
508.50 |
| 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 |
(1,872.80) |
| 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) |
(1,872.80) |
| 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 |
7.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,220.20 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Borgaon Watambare Highways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,782.20 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
4.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
4.00 |
| 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 |
590.20 |
| 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) |
590.20 |
| 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 |
3,196.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Mangalwedha Solapur Highways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,572.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
79.40 |
|
Details of other income not included above |
|
|
|
Total (2) |
79.40 |
| 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 |
1,096.00 |
| 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) |
1,096.00 |
| 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 |
3,556.10 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Mangloor Highways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,660.00 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
186.90 |
|
Details of other income not included above |
|
|
|
Total (2) |
186.90 |
| 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 |
837.90 |
| 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) |
837.90 |
| 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 |
1.30 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,007.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Shankarampet Projects Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,875.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
(22.00) |
|
Details of other income not included above |
|
|
|
Total (2) |
(22.00) |
| 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 |
(0.10) |
| 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 |
324.70 |
| 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) |
324.70 |
| 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 |
3,528.20 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Tirumala Highways Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
5,359.10 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
105.20 |
|
Details of other income not included above |
|
|
|
Total (2) |
105.20 |
| 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 |
557.20 |
| 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) |
557.20 |
| 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 |
2.20 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
4,904.90 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Srirangam Infra Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
4,699.90 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
64.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
64.00 |
| 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 |
1,202.40 |
| 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) |
1,202.40 |
| 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 |
1.40 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,560.10 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Hazaribagh Tollway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
3,289.60 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
103.70 |
|
Details of other income not included above |
|
|
|
Total (2) |
103.70 |
| 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 |
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 |
0.70 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,392.60 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
JHANSI-LALITPUR TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,432.00 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
80.40 |
|
Details of other income not included above |
|
|
|
Total (2) |
80.40 |
| 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 |
190.40 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,322.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
JHANSI-VIGAKHET TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,634.30 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
62.30 |
|
Details of other income not included above |
|
|
|
Total (2) |
62.30 |
| 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 |
137.60 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,559.00 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
KOTWA-MUZAFFARPUR TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
2,688.70 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
22.00 |
|
Details of other income not included above |
|
|
|
Total (2) |
22.00 |
| 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 |
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 |
248.00 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
2,462.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
LUCKNOW-RAEBARELI TOLLWAY PRIVATE LIMITED |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,367.40 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
92.10 |
|
Details of other income not included above |
|
|
|
Total (2) |
92.10 |
| 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 |
(2.20) |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
1,461.70 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - SPVs
Amount in (Lakhs)
| A |
Name of Project |
Nanguneri-Kanyakumari Tollway Private Limited |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV |
1,912.00 |
| 1 |
Add: Cash Flows received from SPV's which represent distributions
of NDCF computed as per relevant framework |
|
| 1 |
Opening balance (reserve created earlier years) |
0.00 |
| 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 |
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 |
1,670.20 |
|
Details of other income not included above |
|
|
|
Total (2) |
1,670.20 |
| 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 |
3.10 |
|
Net Distributable Cash Flow for HoldCo/SPV ' s |
3,579.10 |
|
Notes: |
|
| |
Statement of Net Distributable Cash Flows (NDCF) - Trust
Amount in (Lakhs)
|
|
| A |
Name of Project |
Cube Highways Trust |
| B |
Date of start of reporting period |
01-10-2025 |
| C |
Date of end of reporting period |
31-12-2025 |
| Sr. |
Particulars |
Amount |
|
Cashflows from operating activities of the Trust |
(1,036.30) |
| 1 |
Add: Cash Flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework |
|
| 1 |
Cash flows received from SPV’s/ Investment entities which represent distributions of NDCF computed as per relevant framework |
90,681.40 |
| f |
Sum of other Cash flows not included above |
|
|
Details of other Cash flows not included above |
|
| Cash flows received from SPV’s/ Investment entities which represent distributions of NDCF computed as per relevant framework |
|
|
Total (1) |
90,681.40 |
| 2 |
Add: Treasury income / income from investing activities of the Trust |
|
| 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 |
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 |
173.80 |
|
Details of other income not included above |
|
|
|
Total (2) |
173.80 |
| 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 |
34,865.50 |
| 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) |
11,340.20 |
| 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 |
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 at Trust level |
43,613.20 |
|
Notes: |
|
| |
Statement of Net Borrowings Ratio
Amount in (Lakhs)
| Sr. |
Particulars |
Amount |
| A |
Borrowings [Refer Notes 1 & 2] |
17,88,345.20 |
| B |
Deferred Payments [Refer Notes 1 & 3] |
1,229.90 |
| C |
Cash and Cash Equivalents [Refer Notes 1 & 3] |
98,326.20 |
| D |
Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C) |
16,91,248.90 |
| E |
Value of REIT/InVIT assets [Refer Notes 3 & 4] |
36,09,294.50 |
| F |
Net Borrowings Ratio (D/E) |
0.47 |
|
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 |
01-10-2025 |
01-04-2025 |
| Date of end of reporting period |
31-12-2025 |
31-12-2025 |
| Whether results are audited or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
Consolidated |
|
|
|
|
| 1 |
Balance at the beginning of the current reporting period |
0.00 |
0.00 |
| 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 |
0.00 |
0.00 |
|
Disclosure of notes on changes in unit capital |
Textual Information(1) |
Textual Information(2) |
| Textual Information(1) |
Not Applicable for this Quarter
|
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy)
|
| Date of start of reporting period |
01-10-2025 |
| Date of end of reporting period |
31-12-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
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 |
Changes in accounting policy or prior period errors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Restated balance at the beginning of the current reporting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Total Comprehensive Income for the current year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Transfer to retained earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Any other change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Balance at the end of the current reporting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
31-12-2025 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Changes in accounting policy or prior period errors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Restated balance at the beginning of the current reporting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Total Comprehensive Income for the current year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Transfer to retained earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Any other change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Balance at the end of the current reporting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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) |
12,76,189.20 |
0.00 |
9,998.40 |
12,66,190.80 |
| 2 |
Non-Convertible Debentures (NCDs) |
5,12,051.50 |
0.00 |
2,091.60 |
5,09,959.90 |
| 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? |
No |
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 |
1.74 |
|
| 2 |
Debt service coverage ratio |
1.72 |
|
| 3 |
Interest service coverage ratio |
2.27 |
|
| 4 |
Asset cover available ratio |
1.72 |
|
| 5 |
Total debts to total assets |
0.60 |
|
| 6 |
Current ratio |
2.64 |
|
| 7 |
EBITDA margin (i.e.: Earnings before interest tax depreciation and amortisation margin) |
71.96 |
|
| 8 |
Net profit margin percent |
372.00 |
|
| 9 |
Net operating income margin |
3.72 |
|
| 10 |
Distribution per unit (In Rs.) |
360.00 |
|
| 11 |
Net worth i.e.: Unitholders funds |
10,19,867.80 |
|
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 |
01-10-2025 |
| B |
Date of end of reporting period |
31-12-2025 |
| B |
Details of Distribution made during the period, if applicable: (Yes/No) |
Yes |
| Sr. |
Particulars |
|
| 1 |
Record Date |
04-11-2025 |
| 2 |
Date of Board Meeting in which the distribution declared |
30-10-2025 |
| 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 |
36,558.70 |
2.72 |
| 5 |
Out of the total amount of distribution declared, the amount in the form of dividend |
7,258.00 |
0.54 |
| 6 |
Out of the total amount of distribution declared, including amount in the form of
amortization of SPV level debt |
4,301.00 |
0.32 |
| 7 |
Out of the total amount of distribution declared, the amount in form of other income
|
268.80 |
0.02 |
| 8 |
Due date of the payment of distribution |
12-11-2025 |
| 9 |
Date by which payment of distribution is completed |
07-11-2025 |
Details of Distributions made during each quarter of the Financial Year
|
| A |
Date of start of reporting period |
01-10-2025 |
| B |
Date of end of reporting period |
31-12-2025 |
| B |
Details of Distribution made during the period, if applicable: (Yes/No) |
Yes |
| Sr. |
Particulars |
|
| 1 |
Record Date |
04-08-2025 |
| 2 |
Date of Board Meeting in which the distribution declared |
30-07-2025 |
| 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 |
17,876.10 |
1.33 |
| 5 |
Out of the total amount of distribution declared, the amount in the form of dividend |
0.00 |
0 |
| 6 |
Out of the total amount of distribution declared, including amount in the form of
amortization of SPV level debt |
15,725.60 |
1.17 |
| 7 |
Out of the total amount of distribution declared, the amount in form of other income
|
0.00 |
0 |
| 8 |
Due date of the payment of distribution |
11-08-2025 |
| 9 |
Date by which payment of distribution is completed |
08-08-2025 |
Details of Distributions made during each quarter of the Financial Year
|
| A |
Date of start of reporting period |
01-10-2025 |
| B |
Date of end of reporting period |
31-12-2025 |
| B |
Details of Distribution made during the period, if applicable: (Yes/No) |
Yes |
| Sr. |
Particulars |
|
| 1 |
Record Date |
02-06-2025 |
| 2 |
Date of Board Meeting in which the distribution declared |
28-05-2025 |
| 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 |
26,155.20 |
1.96 |
| 5 |
Out of the total amount of distribution declared, the amount in the form of dividend |
4,270.30 |
0.32 |
| 6 |
Out of the total amount of distribution declared, including amount in the form of
amortization of SPV level debt |
19,482.90 |
1.46 |
| 7 |
Out of the total amount of distribution declared, the amount in form of other income
|
133.40 |
0.01 |
| 8 |
Due date of the payment of distribution |
09-06-2025 |
| 9 |
Date by which payment of distribution is completed |
09-06-2025 |
Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos
Amount in (Lakhs)
| 1 |
Date of start of reporting period |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Cube Highways Trust |
|
Category |
Holdcos |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
0.00 |
| (2) |
held by Other shareholders |
13,43,960.30 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
13,43,960.30 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(36,766.60) |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
13,07,193.70 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
17,17,203.60 |
| 2 |
Current Maturities of Long Term Borrowings |
48,339.80 |
| 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 |
2,873.90 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
17,68,417.30 |
| C |
Total Capitalisation |
30,75,611.00 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Kanyakumari-Etturavattam Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
364.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
364.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(20,104.60) |
| 4 |
Instruments entirely equity in nature |
251.50 |
|
Total Shareholders Funds |
(19,489.10) |
| 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 |
8,655.50 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
59,352.80 |
|
Total Net Debt |
68,008.30 |
| C |
Total Capitalisation |
48,519.20 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Madurai-Kanyakumari Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
382.60 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
382.60 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(10,845.30) |
| 4 |
Instruments entirely equity in nature |
343.60 |
|
Total Shareholders Funds |
(10,119.10) |
| 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 |
556.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
73,336.60 |
|
Total Net Debt |
73,892.60 |
| C |
Total Capitalisation |
63,773.50 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Nelamangala Devihalli Expressway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
948.30 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
948.30 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(7,699.40) |
| 4 |
Instruments entirely equity in nature |
196.00 |
|
Total Shareholders Funds |
(6,555.10) |
| 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 |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
24,506.30 |
|
Total Net Debt |
24,506.30 |
| C |
Total Capitalisation |
17,951.20 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Nanguneri-Kanyakumari Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
501.80 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
501.80 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(26,696.20) |
| 4 |
Instruments entirely equity in nature |
409.10 |
|
Total Shareholders Funds |
(25,785.30) |
| 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 |
10,656.70 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,12,426.30 |
|
Total Net Debt |
1,23,083.00 |
| C |
Total Capitalisation |
97,297.70 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Salaipudhur-Madurai Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
335.90 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
335.90 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(19,275.60) |
| 4 |
Instruments entirely equity in nature |
252.00 |
|
Total Shareholders Funds |
(18,687.70) |
| 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 |
8,926.10 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
58,755.70 |
|
Total Net Debt |
67,681.80 |
| C |
Total Capitalisation |
48,994.10 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
N A M Expressways Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
23,351.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
23,351.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(80,570.90) |
| 4 |
Instruments entirely equity in nature |
11,203.20 |
|
Total Shareholders Funds |
(46,016.70) |
| 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 |
3,317.10 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,67,218.90 |
|
Total Net Debt |
1,70,536.00 |
| C |
Total Capitalisation |
1,24,519.30 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
WESTERN UP TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
11,487.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
11,487.50 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(20,321.80) |
| 4 |
Instruments entirely equity in nature |
15,637.60 |
|
Total Shareholders Funds |
6,803.30 |
| 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 |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
0.00 |
|
Total Net Debt |
0.00 |
| C |
Total Capitalisation |
6,803.30 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
ANDHRA PRADESH EXPRESSWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
1,190.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
1,190.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(9,596.80) |
| 4 |
Instruments entirely equity in nature |
4,008.10 |
|
Total Shareholders Funds |
(4,398.70) |
| 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 |
405.90 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
15,391.30 |
|
Total Net Debt |
15,797.20 |
| C |
Total Capitalisation |
11,398.50 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
GHAZIABAD ALIGARH EXPRESSWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
19,400.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
19,400.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(52,323.20) |
| 4 |
Instruments entirely equity in nature |
54,367.10 |
|
Total Shareholders Funds |
21,443.90 |
| 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 |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,89,619.20 |
|
Total Net Debt |
1,89,619.20 |
| C |
Total Capitalisation |
2,11,063.10 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
JAIPUR-MAHUA TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
13,105.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
13,105.10 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
18,640.20 |
| 4 |
Instruments entirely equity in nature |
1.10 |
|
Total Shareholders Funds |
31,746.40 |
| 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 |
118.10 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
4,595.30 |
|
Total Net Debt |
4,713.40 |
| C |
Total Capitalisation |
36,459.80 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Walayar Vadakkencherry Expressways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
90.00 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
90.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(26,133.90) |
| 4 |
Instruments entirely equity in nature |
3,769.00 |
|
Total Shareholders Funds |
(22,274.90) |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
1,509.90 |
| 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 |
2,539.50 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
46,150.10 |
|
Total Net Debt |
50,199.50 |
| C |
Total Capitalisation |
27,924.60 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
ATHAANG JAMMU UDHAMPUR HIGHWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
791.40 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
791.40 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
35,981.00 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
36,772.40 |
| 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 |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
77,624.70 |
|
Total Net Debt |
77,624.70 |
| C |
Total Capitalisation |
1,14,397.10 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Farakka Raiganj Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
25,022.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
25,022.10 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
1,00,670.80 |
| 4 |
Instruments entirely equity in nature |
1,239.60 |
|
Total Shareholders Funds |
1,26,932.50 |
| 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 |
2,880.20 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,54,520.60 |
|
Total Net Debt |
1,57,400.80 |
| C |
Total Capitalisation |
2,84,333.30 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
MAHUA BHARATPUR EXPRESSWAYS LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
9,933.40 |
| (2) |
held by Other shareholders |
2.60 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
9,936.00 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(1,025.50) |
| 4 |
Instruments entirely equity in nature |
0.60 |
|
Total Shareholders Funds |
8,911.10 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
8,347.90 |
| 2 |
Current Maturities of Long Term Borrowings |
2,100.00 |
| 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 |
291.90 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,949.00 |
|
Total Net Debt |
12,688.80 |
| C |
Total Capitalisation |
21,599.90 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
DA Toll Road Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
901.80 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
901.80 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(57,015.00) |
| 4 |
Instruments entirely equity in nature |
15,196.70 |
|
Total Shareholders Funds |
(40,916.50) |
| 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 |
174.30 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
2,52,710.50 |
|
Total Net Debt |
2,52,884.80 |
| C |
Total Capitalisation |
2,11,968.30 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
QUAZIGUND EXPRESSWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
1,266.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
1,266.10 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
43,595.50 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
44,861.60 |
| B |
Borrowings |
|
| 1 |
Long Term Borrowings |
|
159.20 |
| 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 |
4,296.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
1,37,633.80 |
|
Total Net Debt |
1,42,089.60 |
| C |
Total Capitalisation |
1,86,951.20 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Borgaon Watambare Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
22.60 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
22.60 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
4,662.80 |
| 4 |
Instruments entirely equity in nature |
1.40 |
|
Total Shareholders Funds |
4,686.80 |
| 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 |
463.30 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
14,476.00 |
|
Total Net Debt |
14,939.30 |
| C |
Total Capitalisation |
19,626.10 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Mangalwedha Solapur Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
19.20 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
19.20 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
4,273.90 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
4,293.10 |
| 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 |
533.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
16,390.70 |
|
Total Net Debt |
16,924.30 |
| C |
Total Capitalisation |
21,217.40 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Mangloor Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
35.70 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
35.70 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
528.50 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
564.20 |
| 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 |
640.50 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
19,682.20 |
|
Total Net Debt |
20,322.70 |
| C |
Total Capitalisation |
20,886.90 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Shankarampet Projects Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
5,211.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
5,211.50 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
478.60 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
5,690.10 |
| 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 |
1,712.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
26,557.80 |
|
Total Net Debt |
28,270.40 |
| C |
Total Capitalisation |
33,960.50 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Tirumala Highways Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
7,162.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
7,162.50 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
6,891.20 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
14,053.70 |
| 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 |
1,038.20 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
15,621.40 |
|
Total Net Debt |
16,659.60 |
| C |
Total Capitalisation |
30,713.30 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Srirangam Infra Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
4,811.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
4,811.50 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
4,317.90 |
| 4 |
Instruments entirely equity in nature |
0.00 |
|
Total Shareholders Funds |
9,129.40 |
| 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 |
785.60 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
11,755.80 |
|
Total Net Debt |
12,541.40 |
| C |
Total Capitalisation |
21,670.80 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
Hazaribagh Tollway Private Limited |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
450.50 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
450.50 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(17,542.10) |
| 4 |
Instruments entirely equity in nature |
406.10 |
|
Total Shareholders Funds |
(16,685.50) |
| 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 |
5,082.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
97,259.50 |
|
Total Net Debt |
1,02,341.50 |
| C |
Total Capitalisation |
85,656.00 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
JHANSI-LALITPUR TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
221.90 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
221.90 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
5,768.30 |
| 4 |
Instruments entirely equity in nature |
230.00 |
|
Total Shareholders Funds |
6,220.20 |
| 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 |
0.00 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
33,977.30 |
|
Total Net Debt |
33,977.30 |
| C |
Total Capitalisation |
40,197.50 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
JHANSI-VIGAKHET TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
145.20 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
145.20 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
4,516.90 |
| 4 |
Instruments entirely equity in nature |
139.90 |
|
Total Shareholders Funds |
4,802.00 |
| 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 |
20,012.50 |
|
Total Net Debt |
20,012.50 |
| C |
Total Capitalisation |
24,814.50 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
KOTWA-MUZAFFARPUR TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
476.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
476.10 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
(17,290.90) |
| 4 |
Instruments entirely equity in nature |
336.10 |
|
Total Shareholders Funds |
(16,478.70) |
| 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 |
4,433.40 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
75,739.30 |
|
Total Net Debt |
80,172.70 |
| C |
Total Capitalisation |
63,694.00 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos/SVPs |
LUCKNOW-RAEBARELI TOLLWAY PRIVATE LIMITED |
|
Category |
SPVs |
| A |
Shareholders Funds |
|
| 1 |
Capital |
|
| (1) |
held by InvITs / REITs directly or indirectly |
270.10 |
| (2) |
held by Other shareholders |
0.00 |
|
Name of other shareholder |
% of Holiding |
|
| 1 |
Cube Highways and Infrastructure-III Pte Ltd. |
20.81 |
|
| 2 |
BCI IRR India Holdings INC. |
18.54 |
|
| 3 |
Cube Mobility Investment Pte. Ltd. |
12.84 |
|
| 4 |
Cube Highways and Infrastructure II Pte Ltd. |
7.75 |
|
| 5 |
Others |
40.06 |
|
|
Total Capital |
270.10 |
| 2 |
Other Equity |
0.00 |
| 3 |
Reserve & Surplus |
1,729.60 |
| 4 |
Instruments entirely equity in nature |
218.40 |
|
Total Shareholders Funds |
2,218.10 |
| 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 |
556.20 |
| 7 |
Loans from REITs / InvITs or any other inter SPV Borrowings |
40,875.90 |
|
Total Net Debt |
41,432.10 |
| C |
Total Capitalisation |
43,650.20 |
| 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 |
01-10-2025 |
| 2 |
Date of end of reporting period |
31-12-2025 |
| A |
For HoldCos and Directly held SPVs |
Amount |
|
Name of Holdcos |
Cube Highways Trust |
|
Name of SVPs |
Nil |
| 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 : |