| Scrip Code | 544579 |
|---|---|
| NSE Symbol | ANANTAM |
| MSEI Symbol | NOTLISTED |
| ISIN | INE1UA823019 |
| Name of Entity | ANANTAM 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 | 11-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-02-2026 |
| Description of presentation currency | INR |
| Level of rounding | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Roads & Highways |
| Start date and time of board meeting | 11-02-2026 16:00:00 |
| End date and time of board meeting | 11-02-2026 17:00:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| NDCF applicability | Trust |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| 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 | Standalone | Standalone |
| 1 | Income | ||
| (a) | Revenue from operations | 8,384.30 | 8,384.30 |
| (b) | Other income | ||
| 1 | Gain and loss of Mutual fund | 18.60 | 18.60 |
| Total other income | 18.60 | 18.60 | |
| Total income | 8,402.90 | 8,402.90 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 0.00 | 0.00 |
| (e) | Finance costs | 3,649.90 | 3,649.90 |
| (f) | Depreciation, depletion and amortisation expense | 0.00 | 0.00 |
| (g) | Other Expenses | ||
| 1 | Legal and professional fee | 53.60 | 133.80 |
| 2 | Audit fees | 4.70 | 26.30 |
| 3 | Investment management fees | 181.60 | 181.60 |
| 4 | Trustee fees | 7.10 | 16.50 |
| 5 | Other expenses | 0.00 | 208.80 |
| Total other expenses | 247.00 | 567.00 | |
| Total expenses | 3,896.90 | 4,216.90 | |
| 3 | Total profit/(loss) before exceptional items and tax | 4,506.00 | 4,186.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit/(loss) before tax | 4,506.00 | 4,186.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 7.90 | 7.90 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 7.90 | 7.90 |
| 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 | 4,498.10 | 4,178.10 |
| 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 | 4,498.10 | 4,178.10 |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | 4,498.10 | 4,178.10 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of unit capital | ||
| Paid-up unit capital | 2,17,500.00 | 2,17,500.00 | |
| 22 | Earnings per unit | ||
| i | Earnings per unit capital for continuing operations | ||
| Basic earnings (loss) per unit from continuing operations | 6.91 | 6.42 | |
| Diluted earnings (loss) per unit from continuing operations | 0 | 0 | |
| 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 | 6.91 | 6.42 | |
| Diluted earnings (loss) per unit from continuing and discontinued operations | 0 | 0 | |
| 23 | Disclosure of notes on financial results | Textual Information(1) | Textual Information(2) |
| Textual Information(1) | 1 The unaudited standalone financial results for the quarter and nine months period ended 31 December 2025 has been reviewed and approved by the Audit Committee and Board of Directors of Alpha Alternatives Fund Infra Advisors Private Limited (‘Investment Manager’) at their respective meetings held on 11 February 2026. The statutory auditor's have carried out limited review of the unaudited standalone financial information for the quarter and nine months period ended 31 December 2025. 2 The unaudited standalone financial results comprises the unaudited standalone Statement of Profit and Loss, explanatory notes thereto and the additional disclosures as required in Chapter 4 of the Securities and Exchange Board of India (“SEBI”) Master Circular No SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated July 11, 2025, as amended, including any guidelines and circulars issued thereunder (hereinafter collectively referred to as “SEBI Circulars”) of Anantam Highways Trust (the “InvIT or “Trust”) and its subsidiaries (together the Group) for the quarter and nine months period ended 31 December 2025 (“unaudited standalone financial results”) being submitted by the Investment Manager to designated stock exchanges pursuant to the requirements of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with SEBI Circulars (“InvIT Regulations”). The audited standalone financial results comprises the audited standalone Statement of Profit and Loss, explanatory notes thereto and the additional disclosures as required in Chapter 4 of the Securities and Exchange Board of India (“SEBI”) Master Circular No SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated 15 May 2024, as amended, including any guidelines and circulars issued thereunder (hereinafter collectively referred to as “SEBI Circulars”) of Anzen India Energy Yield Plus Trust (the “InvIT or “Trust”) for the quarter, six months and year ended 31 March 2025 (“standalone financial results”) being submitted by the Trust pursuant to the requirements of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with SEBI Circulars (“InvIT Regulations”). The quarter ended 31 March 2025 standalone financial results are derived figures between the audited figures in respect of the year ended 31 March 2025 and the published year-to-date figures up to 31 December 2024, being the date of the end of nine months of the current financial year, which were subject to limited review.The half year ended 31 March 2025 standalone financial results are derived figures between the audited figures in respect of the year ended 31 March 2025 and the published year-to-date figures up to 30 September 2024, being the date of the end of six months of the current financial year, which were subject to limited review. 3 The unaudited standalone financial information has been prepared by the Investment manager in accordance with recognition and measurement principles laid down in the Indian Accounting Standards as defined in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India to the extent not inconsistent with the Securities Exchange Board of India (Infrastructure Investment Trusts) Regulation, 2014 (as amended) including any guideliness and circulars issued thereunder (InvIT Regulation). 4 In October 2025, the Trust has made an Initial Public offer of 40,000,000 Ordinary Units at a price of Rs. 100 per Ordinary Unit (the “Offer Price”), aggregating to Rs.4,000 million (the “Offer”). The Offer has been fully subscribed. Further, the Trust got listed on the recognised Stock Exchanges (BSE & NSE) in India on 16 October 2025. The proceeds from the fresh issue (net of unit issue expenses) have been utilized for providing loans to the Project SPV's for repayment of loans availed by the Projéct SPV's. On October 10, 2025 (on the date of closing under the Share Purchase Agreements (“SPA”)), the Trust, acting through the Trustee, has acquired the entire equity shareholding of each of the following SPVs from the Sponsor Group and the other shareholders pursuant to the SPAs in exchange of 177,500,000 Ordinary Units of Rs. 100 each amounting to Rs. 17,750 million. Sr. No. Name of the SPVs 1 Banglore Malur Highways Limited (BMHL) 2 Dhrol Bhadra Highways Limited (DBHL) 3 Dodaballapur Hoskote Highways Limited (DHHL) 4 Malur Bangarpet Highways Limited (MBHL) 5 Narenpur Purnea Highways Limited (NPHL) 6 Repallewada Highways Limited (RHL) 7 Vilupurram Highways Limited (VHL) 5 Pursuant to the approval of Board of Directors of the Investment Manager, the Trust has appointed Anantam Highways Project Manager Private Limited as Project Manager for all Project SPVs. As per the Project Implementation and Management Agreement dated September 19, 2025 entered into amongst the Trustee, the Project Manager, the Investment Manager and the relevant Project SPVs, read together with the O&M agency appointment letters dated September 20, 2025., the Project Manager is entitled to fees at 0.87% of gross revenue of each SPV per annum plus Goods and Services Tax at rate as applicable. 6 Investment manager fee has been considered based on the Investment Management Agreement dated July 25, 2024 and amended Investment Management Agreement dated August 1, 2025 and August 29, 2025. The Management Fee will be up to : (i) 2.01% of gross revenue payable at the end of every financial quarter, as defined in the Investment Management Agreement, of all the Project SPVs; (ii) A one time fee of 0.5% of the enterprise value of assets acquired by the Trust other than (a) the Project SPVs and (b) any assets that are acquired by the Trust from Dilip Buildcon Limited. Such fee is payable after completion of acquisition of the asset by the Trust. 55 7 The Board of Directors of the Investment Manager approved a distribution of INR 2.5 per unit for the quarter ended 31 December 2025 to be paid within five working days from the record date. 8 The Trust Received credit ratings of lND AAA/Stable from India Ratings as on 8 January 2026. 9 Under the provisions of the InvIT Regulations, the Trust is required to distribute to Unitholders not less than 90% of the Net Distributable Cash Flows of the Trust for each financial year. Accordingly, Unit Capital contains a contractual obligation to pay cash to the Unitholders. Thus, in accordance with the requirements of Ind AS 32 - Financial Instruments: Presentation, the Unit Capital contains a liability element which should have been classified and treated accordingly. However, the SEBI Circulars (Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated July 11, 2025, as amended from time to time) issued under the InvIT Regulations, and Section H of Chapter 3 of SEBI Circulars dealing with the minimum presentation and disclosure requirements for key financial statements, require the Unit Capital in entirety to be presented/classified as “Equity”, which is at variance from the requirements of Ind AS 32. In order to comply with the aforesaid SEBI requirements, the Trust has presented Unit Capital as Equity. 10 Non-Applicability of Certain Disclosures Net Distributable Cash Flows (NDCF) The Trust had not commenced commercial operations or received any cash inflows from its SPVs prior to listing. Since NDCF is computed based on actual cash receipts and expenses at the Trust level, there were no distributable cash flows to be reported for the period. As the InvIT did not have any issued unit capital as at September 30, 2025, and had incurred expenses primarily towards the establishment and setup of the InvIT, the disclosure of Earnings per Unit (EPU) is not applicable for the given periods. |
|---|
| Textual Information(2) | 1 The unaudited standalone financial results for the quarter and nine months period ended 31 December 2025 has been reviewed and approved by the Audit Committee and Board of Directors of Alpha Alternatives Fund Infra Advisors Private Limited (‘Investment Manager’) at their respective meetings held on 11 February 2026. The statutory auditor's have carried out limited review of the unaudited standalone financial information for the quarter and nine months period ended 31 December 2025. 2 The unaudited standalone financial results comprises the unaudited standalone Statement of Profit and Loss, explanatory notes thereto and the additional disclosures as required in Chapter 4 of the Securities and Exchange Board of India (“SEBI”) Master Circular No SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated July 11, 2025, as amended, including any guidelines and circulars issued thereunder (hereinafter collectively referred to as “SEBI Circulars”) of Anantam Highways Trust (the “InvIT or “Trust”) and its subsidiaries (together the Group) for the quarter and nine months period ended 31 December 2025 (“unaudited standalone financial results”) being submitted by the Investment Manager to designated stock exchanges pursuant to the requirements of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with SEBI Circulars (“InvIT Regulations”). The audited standalone financial results comprises the audited standalone Statement of Profit and Loss, explanatory notes thereto and the additional disclosures as required in Chapter 4 of the Securities and Exchange Board of India (“SEBI”) Master Circular No SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated 15 May 2024, as amended, including any guidelines and circulars issued thereunder (hereinafter collectively referred to as “SEBI Circulars”) of Anzen India Energy Yield Plus Trust (the “InvIT or “Trust”) for the quarter, six months and year ended 31 March 2025 (“standalone financial results”) being submitted by the Trust pursuant to the requirements of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with SEBI Circulars (“InvIT Regulations”). The quarter ended 31 March 2025 standalone financial results are derived figures between the audited figures in respect of the year ended 31 March 2025 and the published year-to-date figures up to 31 December 2024, being the date of the end of nine months of the current financial year, which were subject to limited review.The half year ended 31 March 2025 standalone financial results are derived figures between the audited figures in respect of the year ended 31 March 2025 and the published year-to-date figures up to 30 September 2024, being the date of the end of six months of the current financial year, which were subject to limited review. 3 The unaudited standalone financial information has been prepared by the Investment manager in accordance with recognition and measurement principles laid down in the Indian Accounting Standards as defined in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India to the extent not inconsistent with the Securities Exchange Board of India (Infrastructure Investment Trusts) Regulation, 2014 (as amended) including any guideliness and circulars issued thereunder (InvIT Regulation). 4 In October 2025, the Trust has made an Initial Public offer of 40,000,000 Ordinary Units at a price of Rs. 100 per Ordinary Unit (the “Offer Price”), aggregating to Rs.4,000 million (the “Offer”). The Offer has been fully subscribed. Further, the Trust got listed on the recognised Stock Exchanges (BSE & NSE) in India on 16 October 2025. The proceeds from the fresh issue (net of unit issue expenses) have been utilized for providing loans to the Project SPV's for repayment of loans availed by the Projéct SPV's. On October 10, 2025 (on the date of closing under the Share Purchase Agreements (“SPA”)), the Trust, acting through the Trustee, has acquired the entire equity shareholding of each of the following SPVs from the Sponsor Group and the other shareholders pursuant to the SPAs in exchange of 177,500,000 Ordinary Units of Rs. 100 each amounting to Rs. 17,750 million. Sr. No. Name of the SPVs 1 Banglore Malur Highways Limited (BMHL) 2 Dhrol Bhadra Highways Limited (DBHL) 3 Dodaballapur Hoskote Highways Limited (DHHL) 4 Malur Bangarpet Highways Limited (MBHL) 5 Narenpur Purnea Highways Limited (NPHL) 6 Repallewada Highways Limited (RHL) 7 Vilupurram Highways Limited (VHL) 5 Pursuant to the approval of Board of Directors of the Investment Manager, the Trust has appointed Anantam Highways Project Manager Private Limited as Project Manager for all Project SPVs. As per the Project Implementation and Management Agreement dated September 19, 2025 entered into amongst the Trustee, the Project Manager, the Investment Manager and the relevant Project SPVs, read together with the O&M agency appointment letters dated September 20, 2025., the Project Manager is entitled to fees at 0.87% of gross revenue of each SPV per annum plus Goods and Services Tax at rate as applicable. 6 Investment manager fee has been considered based on the Investment Management Agreement dated July 25, 2024 and amended Investment Management Agreement dated August 1, 2025 and August 29, 2025. The Management Fee will be up to : (i) 2.01% of gross revenue payable at the end of every financial quarter, as defined in the Investment Management Agreement, of all the Project SPVs; (ii) A one time fee of 0.5% of the enterprise value of assets acquired by the Trust other than (a) the Project SPVs and (b) any assets that are acquired by the Trust from Dilip Buildcon Limited. Such fee is payable after completion of acquisition of the asset by the Trust. 55 7 The Board of Directors of the Investment Manager approved a distribution of INR 2.5 per unit for the quarter ended 31 December 2025 to be paid within five working days from the record date. 8 The Trust Received credit ratings of lND AAA/Stable from India Ratings as on 8 January 2026. 9 Under the provisions of the InvIT Regulations, the Trust is required to distribute to Unitholders not less than 90% of the Net Distributable Cash Flows of the Trust for each financial year. Accordingly, Unit Capital contains a contractual obligation to pay cash to the Unitholders. Thus, in accordance with the requirements of Ind AS 32 - Financial Instruments: Presentation, the Unit Capital contains a liability element which should have been classified and treated accordingly. However, the SEBI Circulars (Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2024/44 dated July 11, 2025, as amended from time to time) issued under the InvIT Regulations, and Section H of Chapter 3 of SEBI Circulars dealing with the minimum presentation and disclosure requirements for key financial statements, require the Unit Capital in entirety to be presented/classified as “Equity”, which is at variance from the requirements of Ind AS 32. In order to comply with the aforesaid SEBI requirements, the Trust has presented Unit Capital as Equity. 10 Non-Applicability of Certain Disclosures Net Distributable Cash Flows (NDCF) The Trust had not commenced commercial operations or received any cash inflows from its SPVs prior to listing. Since NDCF is computed based on actual cash receipts and expenses at the Trust level, there were no distributable cash flows to be reported for the period. As the InvIT did not have any issued unit capital as at September 30, 2025, and had incurred expenses primarily towards the establishment and setup of the InvIT, the disclosure of Earnings per Unit (EPU) is not applicable for the given periods. |
|---|
| 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 | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | |||||||
| Net Segment Asset | |||||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | |||||||
| Net Segment Liabilities | |||||||
| Disclosure of notes on segments | Textual Information(1) | Textual Information(2) | |||||
| 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 | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
| Disclosure of notes on other comprehensive income | Text Block(1) | Text Block(2) | |
| A | Name of Project | Anantam 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 | 0.00 | |
| 1 | Add: Cash Flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework | |
| 1 | Interest and repayment of loan from SPV | 24,847.00 |
| f | Sum of other Cash flows not included above | |
| Details of other Cash flows not included above | ||
| Interest and repayment of loan from SPV | ||
| Total (1) | 24,847.00 | |
| 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 | 17.00 |
| e | Profit on sale of Investments | 0.00 |
| f | Profit on sale of Assets | 0.00 |
| g | Dividend Income | 0.00 |
| h | Sum of other income not included above | 0.00 |
| Details of other income not included above | ||
| Total (2) | 17.00 | |
| 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 | 2,226.00 |
| 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) | 15,787.40 |
| 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 | 1,415.90 |
| 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) | 1,415.90 | |
| 8 | Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years | 0.00 |
| Net Distributable Cash Flow at Trust level | 5,434.70 | |
| Notes: | ||
| Notes: i) Unrealised gain on overnight mutual funds considered as Cash and cash equivalents is excluded from treasury income as the same is recognised on receipt basis for purpose of NDCF calculation. ii) NDCF represents amounts aggregating to Rs. 537 million received from the SPVs subsequent to December 31, 2025 and up to the date of finalisation and adoption of the InvIT’s accounts by the Board on February 11, 2026. | ||
| Sr. | Particulars | Amount |
|---|---|---|
| A | Borrowings [Refer Notes 1 & 2] | 2,16,752.40 |
| B | Deferred Payments [Refer Notes 1 & 3] | 0.00 |
| C | Cash and Cash Equivalents [Refer Notes 1 & 3] | 27,209.20 |
| D | Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C) | 1,89,543.20 |
| E | Value of REIT/InVIT assets [Refer Notes 3 & 4] | 4,50,100.00 |
| F | Net Borrowings Ratio (D/E) | 0.42 |
| Disclosure of notes on net borrowings ratio |
| 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 | Standalone | Standalone | |
| 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 | 2,17,500.00 | 2,17,500.00 |
| 5 | Balance at the end of the current reporting period | 2,17,500.00 | 2,17,500.00 |
| Disclosure of notes on changes in unit capital | Textual Information(1) | Textual Information(2) | |
| Textual Information(1) | 217500000 equity share of Rs 100 each |
| Textual Information(2) | 217500000 equity share of Rs 100 each |
| 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 | Standalone | |||||||||||||||
| 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 | (325.00) | (325.00) | ||||||||||||
| 2 | Changes in accounting policy or prior period errors | 0.00 | 0.00 | ||||||||||||
| 3 | Restated balance at the beginning of the current reporting period | 0.00 | 0.00 | ||||||||||||
| 4 | Total Comprehensive Income for the current year | 0.00 | 0.00 | ||||||||||||
| 5 | Dividends | 0.00 | 0.00 | ||||||||||||
| 6 | Transfer to retained earnings | 4,498.10 | 4,498.10 | ||||||||||||
| 7 | Any other change | (1,222.70) | (1,222.70) | ||||||||||||
| 8 | Balance at the end of the current reporting period | 2,950.40 | 2,950.40 | ||||||||||||
| 9 | Details of any other change (If figures reported in No. 7) | Unit issue expense | |||||||||||||
| 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 | Standalone | |||||||||||||||
| 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 | (5.00) | (5.00) | ||||||||||||
| 2 | Changes in accounting policy or prior period errors | 0.00 | 0.00 | ||||||||||||
| 3 | Restated balance at the beginning of the current reporting period | 0.00 | 0.00 | ||||||||||||
| 4 | Total Comprehensive Income for the current year | 0.00 | 0.00 | ||||||||||||
| 5 | Dividends | 0.00 | 0.00 | ||||||||||||
| 6 | Transfer to retained earnings | 4,178.10 | 4,178.10 | ||||||||||||
| 7 | Any other change | (1,222.70) | (1,222.70) | ||||||||||||
| 8 | Balance at the end of the current reporting period | 2,950.40 | 2,950.40 | ||||||||||||
| 9 | Details of any other change (If figures reported in No. 7) | Unit issue expense | |||||||||||||
| 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) | 0.00 | 2,31,496.00 | 15,787.40 | 2,15,708.60 |
| 2 | Non-Convertible Debentures (NCDs) | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | ||||
| Debt securities (NCDs) | Loans / ECB | Preference Capital (NCRPS) | ||||||||||||||
| Sr no. | InvIT / HoldCo / SPVs | ISIN | Amount raised | Coupon Rate | Interest payment frequency | Secured/unsecured | Tenure (in months) | Assets on which charge is created, if any | Name of the lender | Amount | Assets on which charge is created, if any | Tenure (in months) | Name of the lender | Amount | Assets on which charge is created, if any | Tenure (in months) |
| 1 | InviT | ZZZ999Z99999 | 0.00 | 0.00 | 0 | Unsecured | P0M | 0 | State bank of india | 2,31,496.00 | Term Loan together with interest thereon, further interest, liquidated damages, costs, expenses and all other monies whatsoever shall be secured by:nnA. First charge on all the moveable assets and immoveable assets (if any) and the receivables of the InvIT present and future including but not limited to receivables of the InvIT from project SPVsn•ti. The interest and principal repayments of loans advanced by the InvIT to its projects SPVs (i.e. the repayment of loans and advances by the existing and proposed project SPVs to the InvIT.n•tii. Dividends to be paid by existing / proposed project SPVs to the InvIT.n•tiii. Revenue flows of the infrastructure projects directly/indirectly held by InvIT, if any.nnB. First charge on the Escrow/TRA account opened by the InvIT in which the free cash flows of the SPVs/Holdcos and the infrastructure projects directly owned by the InvIT (if any) will be deposited.nnC. First charge on Assignment of loans advanced by InvITs to SPVs/Holdcos and securities created by such SPVs/Holdcos, including the assignment of right of InvIT under substitution & termination and invocation of provisions of Escrow Agreement in case of default by SPVs.nnD. First charge on Pledge/assignment of shares/bonds/NCDs of all the SPVs / Holdcos to the extent of shareholding of the InvIT in the SPVs/Holdcos.nnE. First charge over DSRA (Equivalent to 1 quarter interest and principal repayment). | P145M | 0 | 0.00 | 0 | P0M |
| Whether the REITS/INVITS have any outstanding borrowings? | Yes | ||
|---|---|---|---|
| Sr. No | Particulars | Ratio | Remarks |
| 1 | Debt equity ratio | 0.98 | Debt Equity Ratio (in times) = Total Debt(Current and Non Current Borrowing)/ Total equity |
| 2 | Debt service coverage ratio | 0.40 | Debt Service Coverage Ratio(in times) = Earnings before interest, tax, depreciation and amortisation (EBITDA)/ (Interest expenses + Principal repayment made during the period /year) |
| 3 | Interest service coverage ratio | 2.15 | Interest Service Coverage Ratio (in times) = Earnings before interest, tax, depreciation and amortisation (EBITDA)/ Interest Expense |
| 4 | Asset cover available ratio | 2.02 | Total Asset Cover (in times) = (Total assets available for secured Debt Securities (secured by either pari passu or exclusive charge on assets) / Total Borrowings (including Debt Securities) |
| 5 | Total debts to total assets | 0.00 | |
| 6 | Current ratio | 0.00 | |
| 7 | EBITDA margin (i.e.: Earnings before interest tax depreciation and amortisation margin) | 0.00 | |
| 8 | Net profit margin percent | 0.00 | |
| 9 | Net operating income margin | 0.00 | |
| 10 | Distribution per unit (In Rs.) | 250.00 | |
| 11 | Net worth i.e.: Unitholders funds | 2,20,450.40 | |
| Sr no. | Nature of issue (Right Issue/ Preferential Issue/ Institutional Placement) | Date of Board Approval | Date of Unitholders Approval | Date of Issue | Issue Size (Number of Units) | Issue Size | Issue Price per Unit | Date of Allotment of Securities | Details of Listing of Securites |
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| Details Of Capital Raised During The Period Explanatory | |
| Sr.No. | Nature of the Asset | Date of Meeting of Board of the Manager / IM / Unitholders Approval | Type of transaction (Outright purchase / Joint Venture / Joint Development / Area Share / Others) | Date on which the Asset was acquired | Total consideration | Name of the Parties from whom the Asset was acquired | Whether it is a Related Party Transaction | Valuation of the Asset Acquired | Remarks |
| 1 | Banglore Malur Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 29,121.90 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 71,930.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 2 | Dhrol Bhadra Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 10,197.40 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 55,760.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 3 | Dodaballapur Hoskote Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 17,100.70 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 65,240.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 4 | Malur Bangarpet Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 32,185.50 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 80,300.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 5 | Narenpur Purnea Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 35,515.00 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 1,02,840.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 6 | Repallewada Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 20,872.70 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 60,380.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
| 7 | Villupurram Highways Limited | 25-03-2025 | Outright Purchase | 10-10-2025 | 12,509.80 | DilipBuildconLimited&itsnomineesandSponsorGroupEntities | Yes | 65,780.00 | The Company was acquired by the Trust by issuing its units in exchange of shares owned by Company's shareholders. |
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| Details Of Assets Acquired During The Reporting Period Explanatory | |
| Sr.No. | Nature of the Asset | Date of Meeting of Board of the Manager / IM / Unitholders Approval | Type of transaction (Outright sale / Joint Venture / Joint Development / Area Share / Others) | Date on which the Asset was disposed off | Total consideration | Name of the Parties to whom the Asset was disposed off | Whether it is a Related Party Transaction | Valuation of the Asset Acquired | Remark Note |
Text Block |
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| Details Of Assets DisposedOff During The Reporting Period Explanatory | |
| 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 | Banglore Malur Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 86.20 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 86.20 | ||
| 2 | Other Equity | 10,965.80 | |
| 3 | Reserve & Surplus | (4,416.40) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 6,635.60 | ||
| B | Borrowings | ||
| 1 | Long Term Borrowings | 0.00 | |
| 2 | Current Maturities of Long Term Borrowings | 0.00 | |
| 3 | Short term borrowings | 0.00 | |
| 4 | Deferred Payment Liability | 0.00 | |
| 5 | Interest Accrued and due | 0.00 | |
| 6 | Interest Accrued but not due | 0.00 | |
| 7 | Loans from REITs / InvITs or any other inter SPV Borrowings | 33,699.00 | |
| Total Net Debt | 33,699.00 | ||
| C | Total Capitalisation | 40,334.60 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Dhrol Bhadra Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 27.70 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 27.70 | ||
| 2 | Other Equity | 7,638.70 | |
| 3 | Reserve & Surplus | (3,085.30) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 4,581.10 | ||
| 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 | 39,434.80 | |
| Total Net Debt | 39,434.80 | ||
| C | Total Capitalisation | 44,015.90 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Dodaballapur Hoskote Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 27.80 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 27.80 | ||
| 2 | Other Equity | 14,593.50 | |
| 3 | Reserve & Surplus | (8,470.30) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 6,151.00 | ||
| 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 | 36,439.50 | |
| Total Net Debt | 36,439.50 | ||
| C | Total Capitalisation | 42,590.50 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Malur Bangarpet Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 115.40 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 115.40 | ||
| 2 | Other Equity | 12,579.90 | |
| 3 | Reserve & Surplus | (4,812.40) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 7,882.90 | ||
| B | Borrowings | ||
| 1 | Long Term Borrowings | 0.00 | |
| 2 | Current Maturities of Long Term Borrowings | 0.00 | |
| 3 | Short term borrowings | 0.00 | |
| 4 | Deferred Payment Liability | 0.00 | |
| 5 | Interest Accrued and due | 0.00 | |
| 6 | Interest Accrued but not due | 0.00 | |
| 7 | Loans from REITs / InvITs or any other inter SPV Borrowings | 38,650.60 | |
| Total Net Debt | 38,650.60 | ||
| C | Total Capitalisation | 46,533.50 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Narenpur Purnea Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 24.80 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 24.80 | ||
| 2 | Other Equity | 20,747.90 | |
| 3 | Reserve & Surplus | (8,974.30) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 11,798.40 | ||
| 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 | 47,249.40 | |
| Total Net Debt | 47,249.40 | ||
| C | Total Capitalisation | 59,047.80 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Repallewada Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 78.50 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 78.50 | ||
| 2 | Other Equity | 11,151.60 | |
| 3 | Reserve & Surplus | (2,016.10) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 9,214.00 | ||
| 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 | 31,409.70 | |
| Total Net Debt | 31,409.70 | ||
| C | Total Capitalisation | 40,623.70 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | Villupurram Highways Limited | ||
| Category | SPVs | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 22.40 | |
| (2) | held by Other shareholders | ||
| Name of other shareholder | % of Holiding | ||
| Total Capital | 22.40 | ||
| 2 | Other Equity | 7,552.80 | |
| 3 | Reserve & Surplus | (3,060.10) | |
| 4 | Instruments entirely equity in nature | 0.00 | |
| Total Shareholders Funds | 4,515.10 | ||
| 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 | 47,668.80 | |
| Total Net Debt | 47,668.80 | ||
| C | Total Capitalisation | 52,183.90 | |
| Disclosure of notes for HoldCos and Directly held SPVs | Notes : | ||
| 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 | 0 | ||
| Name of SVPs | 0 | ||
| A | Shareholders Funds | ||
| 1 | Capital | ||
| (1) | held by InvITs / REITs directly or indirectly | 0.00 | |
| (2) | held by Other shareholders | 0.00 | |
| Name of other shareholder | % of Holiding | ||
| 1 | 0 | 0.00 | |
| 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 : | ||