Financial Results - REITs or InvITs



General information about REITs or InvITs

Scrip Code 540565
NSE Symbol INDIGRID
MSEI Symbol NA
ISIN INE219X23014
Name of Entity Indigrid Infrastructure Trust
Class of security - REITs or INVITs InvITs
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-02-2026
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 NA
Start date and time of board meeting 12-02-2026   12:30:00
End date and time of board meeting 12-02-2026   18:15:00
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 Declaration of unmodified opinion



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 Standalone Standalone
1 Income
(a) Revenue from operations 81,487.00 2,28,847.00
(b) Other income
1 Dividend income from subsidiary 157.00 2,482.00
2 Income from investment in mutual funds 418.00 1,195.00
3 Interest income on investment in bank deposits 488.00 1,594.00
4 Other Interest Income 0.00 10.00
5 Others 16.00 16.00
Total other income 1,079.00 5,297.00
Total income 82,566.00 2,34,144.00
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 40,871.00 1,16,459.00
(f) Depreciation, depletion and amortisation expense 38.00 107.00
(g) Other Expenses
1 Trustee fees 92.00 125.00
2 Investment management fees (refer note A.7) 22.00 1,370.00
3 Insurance expenses 4.00 12.00
4 Impairment / (Reversal of impairment) of investments in subsidiaries 10,935.00 13,661.00
5 Others 608.00 1,521.00
Total other expenses 11,661.00 16,689.00
Total expenses 52,570.00 1,33,255.00
3 Total profit/(loss) before exceptional items and tax 29,996.00 1,00,889.00
4 Exceptional items 0.00 0.00
5 Total profit/(loss) before tax 29,996.00 1,00,889.00
6 Tax expense
7 Current tax 224.00 257.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 224.00 257.00
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 29,772.00 1,00,632.00
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 29,772.00 1,00,632.00
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 29,772.00 1,00,632.00
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 8,76,439.00 8,76,439.00
22 Earnings per unit
i Earnings per unit capital for continuing operations
Basic earnings (loss) per unit from continuing operations 3.51 11.99
Diluted earnings (loss) per unit from continuing operations 3.51 11.99
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 3.51 11.99
Diluted earnings (loss) per unit from continuing and discontinued operations 3.51 11.99
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 Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments Textual Information(1) Textual Information(2)


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 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 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 0.00 0.00
Disclosure of notes on other comprehensive income Text Block(1) Text Block(2)


Statement of Net Distributable Cash Flows (NDCF) - Trust

Amount in (Lakhs)

A Name of Project IndiGrid Infrastructure 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 62.00
1 Add: Cash Flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework
1 Dividend income from Subs - Investing Activities 158.00
2 Interest income on loans given to subsidiaries 62,700.00
3 Loans - Subsidiaries (Parent for Consol) 8,622.00
4 Upstream / (Downstream) up to Board Meeting (1,227.00)
5 Others 0.00
f Sum of other Cash flows not included above 0.00
Details of other Cash flows not included above
Total (1) 70,253.00
2 Add: Treasury income / income from investing activities of the Trust
a Interest income received from FD 464.00
b Tax refund 0.00
c Any other income in the nature of interest 0.00
d Profit on sale of Mutual funds 290.00
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) 754.00
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 40,445.00
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 (3,574.00)
f Agreement entered for PPP projects 0.00
g Agreement entered for non-PPP projects 0.00
Total (7) (3,574.00)
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 2.00
Net Distributable Cash Flow at Trust level 34,196.00
Notes:


Statement of Net Borrowings Ratio

Amount in (Lakhs)

Sr. Particulars Amount
A Borrowings [Refer Notes 1 & 2] 21,65,509.00
B Deferred Payments [Refer Notes 1 & 3] 1,447.00
C Cash and Cash Equivalents [Refer Notes 1 & 3] 1,65,925.00
D Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C) 20,01,031.00
E Value of REIT/InVIT assets [Refer Notes 3 & 4] 32,80,740.00
F Net Borrowings Ratio (D/E) 0.61
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 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 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) Statement of Unitholders Equity is not required to be provided on a quarterly basis, hence 0.00 figure has been mentioned.


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 Standalone

B(i). Other Equity

Share application money pending allotment Equity component of compound financial instruments Reserves and Surplus Debt instruments through Other Comprehensive Income Equity Instruments through Other Comprehensive Income Effective portion of Cash Flow Hedges Revaluation Surplus Exchange differences on translating the financial statements of a foreign operation Other items of Other Comprehensive Income (specify nature) Money received against share warrants Total
Capital Total Reserve Securities Premium Other Reserves (specify nature) Retained Earnings
1 Balance at the beginning of the current reporting period
2 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 Standalone

B(ii). Other Equity

Share application money pending allotment Equity component of compound financial instruments Reserves and Surplus Debt instruments through Other Comprehensive Income Equity Instruments through Other Comprehensive Income Effective portion of Cash Flow Hedges Revaluation Surplus Exchange differences on translating the financial statements of a foreign operation Other items of Other Comprehensive Income (specify nature) Money received against share warrants Total
Capital Total Reserve Securities Premium Other Reserves (specify nature) Retained Earnings
1 Balance at the beginning of the current reporting period
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) 6,24,606.00 12,500.00 50,746.00 5,86,360.00
2 Non-Convertible Debentures (NCDs) 15,37,250.00 19,000.00 14,372.00 15,41,878.00
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


Details of Borrowing / Debt (Raised during the period)

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 INE219X07579 19,000.00 7.35 Quarterly Secured P264M 1. Pari passu charge on loans and advances given by InvIT to hold Cos/ SPVn2. Pari passu charge on loans and advances given by Hold Cos to SPVn3. Exclusive charge on one quarter DSRA/ISRAn4. Pari passu charge on share pledge of specified SPV NA 0.00 NA P0M NA 0.00 NA P0M


Disclosures of Ratios

Amount in (Lakhs)

Whether the REITS/INVITS have any outstanding borrowings? Yes
Sr. No Particulars Ratio Remarks
1 Debt equity ratio 4.52 1. The ratio is calculated as per Consolidated financial information. 2. The ratio is provided in times.
2 Debt service coverage ratio 1.99 1. The ratio is calculated as per Consolidated financial information. 2. The ratio is provided in times.
3 Interest service coverage ratio 1.99 1. The ratio is calculated as per Consolidated financial information. 2. The ratio is provided in times.
4 Asset cover available ratio 1.12 1. The ratio is calculated as per Consolidated financial information. 2. The ratio is provided in times.
5 Total debts to total assets 0.78 1. The ratio is calculated as per Consolidated financial information. 2. The ratio is provided in times.
6 Current ratio 1.06
7 EBITDA margin (i.e.: Earnings before interest tax depreciation and amortisation margin) 90.96 1. The ratio is calculated as per Consolidated financial information.
8 Net profit margin percent 1159.00 1. The ratio is calculated as per Consolidated financial information.
9 Net operating income margin 11.59 1. The ratio is calculated as per Consolidated financial information.
10 Distribution per unit (In Rs.) 400.00
11 Net worth i.e.: Unitholders funds 4,79,051.00


Details of Capital raised during the period

Amount in (Lakhs)

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
1 Preferential Issue 10-10-2025 03-11-2025 11-11-2025 25982092 43,850.00 168.77 11-11-2025 14-11-2025 listed on both exchanges



Text Block

Details Of Capital Raised During The Period Explanatory



Details of Assets acquired during the reporting period

Amount in (Lakhs)

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



Text Block

Details Of Assets Acquired During The Reporting Period Explanatory



Details of Assets disposed off during the reporting period

Amount in (Lakhs)

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

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 14-11-2025
2 Date of Board Meeting in which the distribution declared 11-11-2025
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 26,663.00 3.1
5 Out of the total amount of distribution declared, the amount in the form of dividend 781.00 0.09
6 Out of the total amount of distribution declared, including amount in the form of amortization of SPV level debt 6,424.00 0.75
7 Out of the total amount of distribution declared, the amount in form of other income 554.00 0.06
8 Due date of the payment of distribution 21-11-2025
9 Date by which payment of distribution is completed 20-11-2025



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 Patran Transmission Company Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 6,237.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 6,237.00
2 Other Equity 1,644.00
3 Reserve & Surplus (8,067.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (186.00)
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 341.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 19,963.00
Total Net Debt 20,304.00
C Total Capitalisation 20,118.00
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 East-North Interconnection Company Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 105.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 105.00
2 Other Equity 14,896.00
3 Reserve & Surplus (25,966.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (10,965.00)
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 56.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 76,637.00
Total Net Debt 76,693.00
C Total Capitalisation 65,728.00
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 Gurgaon Palwal Transmission Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 114.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 114.00
2 Other Equity 7,688.00
3 Reserve & Surplus (25,726.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (17,924.00)
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 9,860.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 99,987.00
Total Net Debt 1,09,847.00
C Total Capitalisation 91,923.00
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 Jhajjar KT Transco Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 2,266.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 2,266.00
2 Other Equity 5,414.00
3 Reserve & Surplus (876.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 6,804.00
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 210.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 12,032.00
Total Net Debt 12,242.00
C Total Capitalisation 19,046.00
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 Parbati Koldam Transmission Company Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 20,190.00
(2) held by Other shareholders 7,094.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 27,284.00
2 Other Equity 0.00
3 Reserve & Surplus 12,599.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 39,883.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 0.00
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 1.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 13,781.00
Total Net Debt 13,782.00
C Total Capitalisation 53,665.00
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 NER II Transmission Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 232.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 232.00
2 Other Equity 33,221.00
3 Reserve & Surplus (42,082.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (8,629.00)
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 4,316.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 2,75,857.00
Total Net Debt 2,80,173.00
C Total Capitalisation 2,71,544.00
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 IndiGrid Solar-I (AP) Private Limited (ISPL1)
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,200.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 1,200.00
2 Other Equity 0.00
3 Reserve & Surplus (18,206.00)
4 Instruments entirely equity in nature 5,839.00
Total Shareholders Funds (11,167.00)
B Borrowings
1 Long Term Borrowings 2,182.00
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 747.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 27,719.00
Total Net Debt 30,648.00
C Total Capitalisation 19,481.00
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 IndiGrid Solar-II (AP) Private Limited (ISPL2)
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,200.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 1,200.00
2 Other Equity 0.00
3 Reserve & Surplus (18,435.00)
4 Instruments entirely equity in nature 5,834.00
Total Shareholders Funds (11,401.00)
B Borrowings
1 Long Term Borrowings 2,165.00
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 549.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 28,571.00
Total Net Debt 31,285.00
C Total Capitalisation 19,884.00
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 Raichur Sholapur Transmission Company Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 8,000.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 8,000.00
2 Other Equity 0.00
3 Reserve & Surplus (12,506.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (4,506.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 0.00
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 1,207.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 20,776.00
Total Net Debt 21,983.00
C Total Capitalisation 17,477.00
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 Khargone Transmission Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 156.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 156.00
2 Other Equity 7,399.00
3 Reserve & Surplus (23,357.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (15,802.00)
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 9,066.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,52,973.00
Total Net Debt 1,62,039.00
C Total Capitalisation 1,46,237.00
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 IndiGrid Limited
Category Holdcos
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,767.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 1,767.00
2 Other Equity 11,285.00
3 Reserve & Surplus (1,01,467.00)
4 Instruments entirely equity in nature 80,746.00
Total Shareholders Funds (7,669.00)
B Borrowings
1 Long Term Borrowings 37,758.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 0.00
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 7,157.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 18,566.00
Total Net Debt 63,481.00
C Total Capitalisation 55,812.00
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 IndiGrid 1 Limited
Category Holdcos
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 9,617.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 9,617.00
2 Other Equity 19,741.00
3 Reserve & Surplus (4,751.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 24,607.00
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 209.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,316.00
Total Net Debt 1,525.00
C Total Capitalisation 26,132.00
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 IndiGrid 2 Limited
Category Holdcos
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 13,462.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 13,462.00
2 Other Equity 98,034.00
3 Reserve & Surplus (16,159.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 95,337.00
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 6,057.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 45,404.00
Total Net Debt 51,461.00
C Total Capitalisation 1,46,798.00
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 Terralight Solar Energy Tinwari Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,856.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 1,856.00
2 Other Equity 611.00
3 Reserve & Surplus 740.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 3,207.00
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 3,207.00
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 Terralight Solar Energy Patlasi Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 196.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 196.00
2 Other Equity 0.00
3 Reserve & Surplus (5,982.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (5,786.00)
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 354.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 11,546.00
Total Net Debt 11,900.00
C Total Capitalisation 6,114.00
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 Terralight Solar Energy Sitamau Ss Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 76.00
(2) held by Other shareholders 40.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 116.00
2 Other Equity 1,601.00
3 Reserve & Surplus (956.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 761.00
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 761.00
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 Renew Solar Aaya Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 3,800.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 3,800.00
2 Other Equity 0.00
3 Reserve & Surplus (9,616.00)
4 Instruments entirely equity in nature 1,100.00
Total Shareholders Funds (4,716.00)
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 2,674.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,40,101.00
Total Net Debt 1,42,775.00
C Total Capitalisation 1,38,059.00
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 Universal Saur Urja Private Limited
Category Holdcos
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,673.00
(2) held by Other shareholders 0.00
Name of other shareholder % of Holiding
1 Power Grid Corporation of India Limited 26.00
2 Focal Photovoltaic India Pvt. Ltd. 16.97
3 Focal Renewable Energy Two India Pvt. Ltd. 16.97
Total Capital 1,673.00
2 Other Equity 5,017.00
3 Reserve & Surplus 952.00
4 Instruments entirely equity in nature 1,145.00
Total Shareholders Funds 8,787.00
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 16.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 16,236.00
Total Net Debt 16,252.00
C Total Capitalisation 25,039.00
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 Indigrid Limited
Name of SVPs Bhopal Dhule Transmission Company Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 60.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 60.00
2 Other Equity 21,166.00
3 Reserve & Surplus (65,412.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (44,186.00)
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 19,457.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,69,056.00
Total Net Debt 1,88,513.00
C Total Capitalisation 1,44,327.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid Limited
Name of SVPs Jabalpur Transmission Company Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 55.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 55.00
2 Other Equity 14,902.00
3 Reserve & Surplus (1,36,630.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (1,21,673.00)
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 61,202.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,90,920.00
Total Net Debt 2,52,122.00
C Total Capitalisation 1,30,449.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid Limited
Name of SVPs Maheshwaram Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 47.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 47.00
2 Other Equity 2,058.00
3 Reserve & Surplus (12,143.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (10,038.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 0.00
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 1,331.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 39,438.00
Total Net Debt 40,769.00
C Total Capitalisation 30,731.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid Limited
Name of SVPs RAPP Transmission Company Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 477.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 477.00
2 Other Equity 2,352.00
3 Reserve & Surplus 1,136.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 3,965.00
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 12.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 15,079.00
Total Net Debt 15,091.00
C Total Capitalisation 19,056.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid Limited
Name of SVPs Purulia & Kharagpur Transmission Company Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 675.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 675.00
2 Other Equity 3,920.00
3 Reserve & Surplus 909.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 5,504.00
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 22.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 27,045.00
Total Net Debt 27,067.00
C Total Capitalisation 32,571.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 1 Limited
Name of SVPs NRSS XXIX Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 3,352.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 3,352.00
2 Other Equity 18,289.00
3 Reserve & Surplus 24,138.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 45,779.00
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 153.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 2,01,438.00
Total Net Debt 2,01,591.00
C Total Capitalisation 2,47,370.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 1 Limited
Name of SVPs Kallam Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,502.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,502.00
2 Other Equity 2,176.00
3 Reserve & Surplus (3,563.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 3,115.00
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 8,857.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 34,804.00
Total Net Debt 43,661.00
C Total Capitalisation 46,776.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Kallam Transco Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 34.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 34.00
2 Other Equity 327.00
3 Reserve & Surplus 1,734.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 2,095.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 2,317.00
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 1,338.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 11,356.00
Total Net Debt 15,011.00
C Total Capitalisation 17,106.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Odisha Generation Phase-II Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 140.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 140.00
2 Other Equity 13,301.00
3 Reserve & Surplus (25,022.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (11,581.00)
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 3,206.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,09,012.00
Total Net Debt 1,12,218.00
C Total Capitalisation 1,00,637.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Kilokari BESS Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,143.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1,143.00
2 Other Equity 0.00
3 Reserve & Surplus 339.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 1,482.00
B Borrowings
1 Long Term Borrowings 5,342.00
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 487.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 2,320.00
Total Net Debt 8,149.00
C Total Capitalisation 9,631.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs TN Solar Power Energy Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,350.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,350.00
2 Other Equity 0.00
3 Reserve & Surplus (6,555.00)
4 Instruments entirely equity in nature 1,912.00
Total Shareholders Funds (293.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 88.00
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 11.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 7,990.00
Total Net Debt 8,089.00
C Total Capitalisation 7,796.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Universal Mine Developers And Service Providers Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,690.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,690.00
2 Other Equity 0.00
3 Reserve & Surplus (7,874.00)
4 Instruments entirely equity in nature 2,010.00
Total Shareholders Funds (1,174.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 95.00
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 24.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 9,765.00
Total Net Debt 9,884.00
C Total Capitalisation 8,710.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Terralight Kanji Solar Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,050.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,050.00
2 Other Equity 0.00
3 Reserve & Surplus (11,109.00)
4 Instruments entirely equity in nature 7.00
Total Shareholders Funds (7,052.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 142.00
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 877.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 23,177.00
Total Net Debt 24,196.00
C Total Capitalisation 17,144.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Terralight Rajapalayam Solar Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 11.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 11.00
2 Other Equity 0.00
3 Reserve & Surplus (3,607.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (3,596.00)
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 748.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 14,985.00
Total Net Debt 15,733.00
C Total Capitalisation 12,137.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Solar Edge Power And Energy Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 14,900.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 14,900.00
2 Other Equity 0.00
3 Reserve & Surplus (44,845.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (29,945.00)
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 6,792.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 69,973.00
Total Net Debt 76,765.00
C Total Capitalisation 46,820.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Terralight Solar Energy Charanka Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 9,832.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 9,832.00
2 Other Equity 466.00
3 Reserve & Surplus (5,557.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 4,741.00
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 4,741.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Terralight Solar Energy Nangla Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 184.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 184.00
2 Other Equity 100.00
3 Reserve & Surplus (1,954.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (1,670.00)
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 345.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 3,347.00
Total Net Debt 3,692.00
C Total Capitalisation 2,022.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Globus Steel And Power Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1.00
2 Other Equity 0.00
3 Reserve & Surplus (7,299.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (7,298.00)
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 439.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 14,685.00
Total Net Debt 15,124.00
C Total Capitalisation 7,826.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Terralight Solar Energy Gadna Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4.00
2 Other Equity 1,686.00
3 Reserve & Surplus (74.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 1,616.00
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 24.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 131.00
Total Net Debt 155.00
C Total Capitalisation 1,771.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Godawari Green Energy Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 2,525.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 2,525.00
2 Other Equity 22,677.00
3 Reserve & Surplus (534.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 24,668.00
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 19.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 19,222.00
Total Net Debt 19,241.00
C Total Capitalisation 43,909.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs ReNew Solar Urja Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 920.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 920.00
2 Other Equity 17,480.00
3 Reserve & Surplus 3,510.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 21,910.00
B Borrowings
1 Long Term Borrowings 1,059.00
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 4,176.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,09,421.00
Total Net Debt 1,14,656.00
C Total Capitalisation 1,36,566.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Dhule Power Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 164.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 164.00
2 Other Equity 1,785.00
3 Reserve & Surplus (26.00)
4 Instruments entirely equity in nature 255.00
Total Shareholders Funds 2,178.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 8,777.00
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 1,030.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,567.00
Total Net Debt 11,374.00
C Total Capitalisation 13,552.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Ishanagar Power Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 225.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 225.00
2 Other Equity 2,557.00
3 Reserve & Surplus (32.00)
4 Instruments entirely equity in nature 323.00
Total Shareholders Funds 3,073.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 11,594.00
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 1,377.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,726.00
Total Net Debt 14,697.00
C Total Capitalisation 17,770.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Rajasthan BESS Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1.00
2 Other Equity 0.00
3 Reserve & Surplus 197.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 198.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 2,696.00
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 317.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 13,845.00
Total Net Debt 16,858.00
C Total Capitalisation 17,056.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Ratle Kiru Power Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 5.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 5.00
2 Other Equity 0.00
3 Reserve & Surplus (70.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (65.00)
B Borrowings
1 Long Term Borrowings 10,887.00
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 2,217.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 5,598.00
Total Net Debt 18,702.00
C Total Capitalisation 18,637.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Gujarat BESS Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1.00
2 Other Equity 0.00
3 Reserve & Surplus (7.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (6.00)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 1,603.00
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 4,814.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 46,784.00
Total Net Debt 53,201.00
C Total Capitalisation 53,195.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Koppal- Narendra Transmission Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 353.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 353.00
2 Other Equity 4,768.00
3 Reserve & Surplus 657.00
4 Instruments entirely equity in nature 500.00
Total Shareholders Funds 6,278.00
B Borrowings
1 Long Term Borrowings 1,711.00
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 2,942.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 70,598.00
Total Net Debt 75,251.00
C Total Capitalisation 81,529.00
Disclosure of notes for SVPs held through HoldCos 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 Indigrid 2 Limited
Name of SVPs Enerica Infra 1 Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1.00
2 Other Equity 0.00
3 Reserve & Surplus 55.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 56.00
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 56.00
Disclosure of notes for SVPs held through HoldCos 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 Universal Saur Urja Private Limited
Name of SVPs PLG Photovoltaic Private Limited
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,124.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,124.00
2 Other Equity 6,676.00
3 Reserve & Surplus (18,641.00)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (7,841.00)
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 6.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 786.00
Total Net Debt 792.00
C Total Capitalisation (7,049.00)
Disclosure of notes for SVPs held through HoldCos Notes :




Details of Impact of Audit Qualification

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S R B C & Co LLP Yes 28-02-2026