Financial Results - REITs or InvITs



General information about REITs or InvITs

Scrip Code 544137
NSE Symbol INDUSINVIT
MSEI Symbol NOTLISTED
ISIN INE0NHL23019
Name of Entity Indus Infra 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 29-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-04-2026
Description of presentation currency INR
Level of rounding Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Infrastructure Investment
Start date and time of board meeting 29-04-2026   12:50:00
End date and time of board meeting 29-04-2026   14:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
NDCF applicability Trust
Declaration of unmodified opinion or statement on impact of audit qualification



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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
(a) Revenue from operations 18,793.90 67,688.20
(b) Other income
1 Interest income on deposit with banks 900.10 2,865.40
2 Interest income from income tax refund 385.30 385.30
3 Gain on sale of investment in mutual fund at FVTPL (net) 588.50 3,618.10
4 Insurance Claim received 0.00 138.20
5 Other non operating income 0.00 211.50
6 Other Income 143.80 0.00
Total other income 2,017.70 7,218.50
Total income 20,811.60 74,906.70
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 14.40 53.80
(e) Finance costs 4,646.30 16,797.50
(f) Depreciation, depletion and amortisation expense 0.00 0.00
(g) Other Expenses
1 Sub-contractor charges 3,529.70 11,249.60
2 Trustee fees 3.90 8.30
3 Investment Management Fees 1,290.00 3,081.70
4 Project Management Fees 16.60 58.80
5 Other Expenses 1,001.80 4,937.90
Total other expenses 5,842.00 19,336.30
Total expenses 10,502.70 36,187.60
3 Total profit/(loss) before exceptional items and tax 10,308.90 38,719.10
4 Exceptional items 0.00 0.00
5 Total profit/(loss) before tax 10,308.90 38,719.10
6 Tax expense
7 Current tax (1,053.20) (262.50)
8 Deferred tax 734.30 717.60
9 Total tax expenses (318.90) 455.10
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 10,627.80 38,264.00
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 10,627.80 38,264.00
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 10,627.80 38,264.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 10,627.80 38,264.00
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 4,30,528.20 4,30,528.20
22 Earnings per unit
i Earnings per unit capital for continuing operations
Basic earnings (loss) per unit from continuing operations 2.4 8.64
Diluted earnings (loss) per unit from continuing operations 2.4 8.64
ii Earnings per unit capital for discontinued operations
Basic earnings (loss) per unit from discontinued operations 0 0
Diluted earnings (loss) per unit from discontinued operations 0 0
iii Earnings per unit capital (for continuing and discontinued operations)
Basic earnings (loss) per unit from continuing and discontinued operations 2.4 8.64
Diluted earnings (loss) per unit from continuing and discontinued operations 2.4 8.64
23 Disclosure of notes on financial results Textual Information(1) Textual Information(2)


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 307.40
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Receivable under service concession arrangements 7,44,642.30
2 Other Financial Assets 3,191.50
Total of Other non-current financial assets 7,47,833.80
Total non-current financial assets 7,47,833.80
Deferred tax assets (net) 246.20
Other non-current assets
1 Income tax assets (net) 2,989.90
2 Other assets 30,515.30
Total of Other non-current assets 33,505.20
Total non-current assets 7,81,892.60
2 Current assets
Inventories 0.00
Current financial asset
Current investments 14,492.70
Trade receivables, current 232.00
Cash and cash equivalents 29,903.90
Bank balance other than cash and cash equivalents 28,493.10
Loans, current 0.00
Other current financial assets
1 Receivable under service concession agreements 59,867.70
2 Other financial assets 20,474.50
Total of Other current financial assets 80,342.20
Total current financial assets 1,53,463.90
Current tax assets (net)
Other current assets
1 Other Assets 22,349.40
Total of Other current assets 22,349.40
Total current assets 1,75,813.30
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 9,57,705.90
Unit Capital and liabilities
1 Unit Capital
Unit Capital attributable to owners of parent
Unit capital 4,21,846.70
Other equity 53,051.20
Total equity attributable to owners of parent 4,74,897.90
Non controlling interest
Total Unit Capital 4,74,897.90
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,30,459.00
Lease liabilities, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total of Other non-current financial liabilities
Total non-current financial liabilities 4,30,459.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 1,630.70
Deferred government grants, Non-current
Other non-current liabilities
Total of Other non-current liabilities
Total non-current liabilities 4,32,089.70
Current liabilities
Current financial liabilities
Borrowings, current 29,828.90
Lease liabilities, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,944.40
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,851.30
Total Trade payable 8,795.70
Other current financial liabilities
1 Other financial liabilities 10,353.90
2 Current Tax Liabilities (net) 149.50
Total of Other current financial liabilities 10,503.40
Total current financial liabilities 49,128.00
Other current liabilities
1 Other Liabilities 1,590.30
Total of Other current liabilities 1,590.30
Provisions, current 0.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 50,718.30
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 4,82,808.00
Total equity and Liabilities 9,57,705.90
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments Textual Information(1) Textual Information(2)


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
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)


Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I
1 Statement of cash flows
Cash flows from used in operating activities
Profit before tax 38,719.10
2 Adjustments for reconcile profit (loss)
Adjustments for finance costs 16,797.50
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (899.10)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 43,616.10
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 12,756.70
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,030.10
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 0.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 4,123.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 6,868.80
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 79.10
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (54,409.70)
Other adjustments for non-cash items 802.90
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 19,027.80
Net cash flows from (used in) operations 57,746.90
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) (2,107.10)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 59,854.00
3 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 0.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 69,391.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 515.30
Net cash flows from (used in) investing activities 69,907.00
4 Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing unit 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares/units 14,927.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,11,202.00
Repayments of borrowings 2,56,297.70
Payments of lease liabilities 0.00
Dividends paid 39,331.50
Interest paid 17,364.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (1,16,718.60)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 13,042.40
5 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 13,042.40
Cash and cash equivalents cash flow statement at beginning of period 16,861.50
Cash and cash equivalents cash flow statement at end of period 29,903.90



Other inflows (outflows) of cash(operating activities)


Other inflows (outflows) of cash(Investing Activities)


Other inflows (outflows) of cash (Financing Activities)


Disclosure of notes on cash flow statement, indirect


Statement of Net Distributable Cash Flows (NDCF) - Trust

Amount in (Lakhs)

A Name of Project Indus Infra Trust
B Date of start of reporting period 01-01-2026
C Date of end of reporting period 31-03-2026
Sr. Particulars Amount
Cashflows from operating activities of the Trust (3,020.00)
1 Add: Cash Flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework
1 Cash flows received from SPV’s which represent distributions of NDCF computed as per relevant framework 66,258.00
f Sum of other Cash flows not included above
Details of other Cash flows not included above
Cash flows received from SPV’s which represent distributions of NDCF computed as per relevant framework
Total (1) 66,258.00
2 Add: Treasury income / income from investing activities of the Trust
a Interest income received from FD 255.70
b Tax refund 0.00
c Any other income in the nature of interest 0.00
d Profit on sale of Mutual funds 0.00
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) 255.70
3 Add: Proceeds from sale of real estate/ infrastructure investments, real estate/ infrastructure assets or shares of SPVs or Investment Entity adjusted for the following:
a Applicable capital gains and other taxes 0.00
b Related debts settled or due to be settled from sale proceeds 0.00
c Directly attributable transaction costs 0.00
d Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/ InvIT Regulations 0.00
e Sum of other sale proceeds not included above 0.00
Details of other sale proceeds not included above
Total (3) 0.00
4 Add: Proceeds from sale of real estate/ infrastructure investments, real estate/ infrastructure assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to reinvest as per Regulation 18(16)(d) of REIT Regulations/ Regulation 18(7) of InvIT Regulations or any other relevant provisions of the REIT/InvIT Regulations, if such proceeds are not intended to be invested subsequently 0.00
5 Less: Finance cost on Borrowings, excluding amortisation of any transaction costs as per Profit and Loss Account and any shareholder debt / loan from Trust 4,546.00
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) 5,938.80
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 3,325.00
b Terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos 0.00
c Terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos 0.00
d Agreement pursuant to which the he SPV/ HoldCo/ Trust operates or owns the real estate/ infrastructure asset, or generates revenue or cashflows from such asset 0.00
e Statutory, judicial, regulatory, or governmental stipulations 0.00
f Agreement entered for PPP projects 0.00
g Agreement entered for non-PPP projects 0.00
Total (7) 3,325.00
8 Less: any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years 0.00
Net Distributable Cash Flow at Trust level 49,683.90
Notes:


Statement of Net Assets at Fair Value (NAV)

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Sr. Particulars Book Value Fair Value
A Total Assets 9,57,705.90 10,00,190.70
B Total Liabilities 4,82,808.00 4,82,808.00
C Net Assets (A - B) 4,74,897.90 5,17,382.70
D Less: Non-Controlling Interest 0.00 0.00
E Net Assets attributable to unitholders (C-D) 4,74,897.90 5,17,382.70
F No. of Units 442938605 442938605
G NAV per unit (E/F) 107.22 116.81
Disclosure of notes on net assets at fair value Text Block(1) Text Block(2)




Statement of Total Returns at Fair Value

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Particulars Amount
1 Total Comprehensive Income (As per the Statement of Profit and loss) 38,264.00
Add/Less: Other Changes in Fair Value not recognized in Total Comprehensive Income
1 Other Changes in Fair Value 20,424.40
Total Other Changes in Fair Value not recognized in Total Comprehensive Income 20,424.40
Total Return 58,688.40
Disclosure of notes on total returns at fair value


Statement of Net Borrowings Ratio

Amount in (Lakhs)

Sr. Particulars Amount
A Borrowings [Refer Notes 1 & 2] 4,60,287.80
B Deferred Payments [Refer Notes 1 & 3] 6,318.40
C Cash and Cash Equivalents [Refer Notes 1 & 3] 80,808.30
D Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C) 3,85,797.90
E Value of REIT/InVIT assets [Refer Notes 3 & 4] 8,87,786.80
F Net Borrowings Ratio (D/E) 0.43
Disclosure of notes on net borrowings ratio


Statement of Changes in Unitholders Equity

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
1 Balance at the beginning of the current reporting period 4,37,615.20
2 Changes in Unit Capital due to prior period errors 0.00
3 Restated balance at the beginning of the current reporting period 0.00
4 Changes in Unit Capital due to prior period errors (15,768.60)
5 Balance at the end of the current reporting period 4,21,846.60
Disclosure of notes on changes in unit capital Textual Information(1)


Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated

B(i). Other Equity

Share application money pending allotment Equity component of compound financial instruments Reserves and Surplus Debt instruments through Other Comprehensive Income Equity Instruments through Other Comprehensive Income Effective portion of Cash Flow Hedges Revaluation Surplus Exchange differences on translating the financial statements of a foreign operation Other items of Other Comprehensive Income (specify nature) Money received against share warrants Total
Capital Total Reserve Securities Premium Other Reserves (specify nature) Retained Earnings
1 Balance at the beginning of the current reporting period 56,562.60 (2,442.40) 54,120.20
2 Changes in accounting policy or prior period errors 0.00 0.00 0.00
3 Restated balance at the beginning of the current reporting period 0.00 0.00 0.00
4 Total Comprehensive Income for the current year 56,562.60 35,821.60 92,384.20
5 Dividends 0.00 0.00 0.00
6 Transfer to retained earnings 0.00 0.00 0.00
7 Any other change 0.00 (39,333.00) (39,333.00)
8 Balance at the end of the current reporting period 56,562.60 (3,511.40) 53,051.20
9 Details of any other change (If figures reported in No. 7) Distributions to unitholders during the year


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) 2,14,426.60 3,02,667.20 56,806.00 4,60,287.80
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


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 ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil Punjab National Bank 22,500.00 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P162M Nil 0.00 Nil P0M
2 InviT ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil HDFC Bank Limited 2,018.60 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P150M Nil 0.00 Nil P0M
3 InviT ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil HDFC Bank Limited 2,783.60 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P156M Nil 0.00 Nil P0M
4 InviT ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil HDFC Bank Limited 8,458.40 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P156M Nil 0.00 Nil P0M
5 SPVs ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil HDFC Bank Limited 35,375.30 a) all immovable properties, if any, both present and future, save and except the Project Assets;n(b) all tangible movable assets (current and non-current assets) including movable plant and machinery, tools and accessories and all other movable assets, present and future, in relation to the Project, save and except the Project Assets;n(c) all the intangible assets of the Borrower, including but not limited to, the intellectual property rights of the Borrower, goodwill, rights, undertakings, revenue, receivables, and uncalled capital, both present and future but excluding the Project Assets ;n(d) all accounts of the Borrower, in relation to the Project, ne) assignment/ charge by way of creation of Security Interest over, except the Project Assetsni. all the right, title, interests, benefits, claims and demands of the Borrower ;nii. all the right, title and interest of the Borrower in, to and under all the approvals and Clearances; andniii. all the right, title, interests, benefits, claims and demands of the Borrower in any letter of credit, guarantees (including contractor guarantees), liquidated damages and performance bonds provided by any party to the Project Documents;niv.all the right, title, interest, benefits, claims and demands whatsoever of the Borrower under all the Insurance Contracts, P156M Nil 0.00 Nil P0M
6 SPVs ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil Bank of Baroda 56,226.00 a) all immovable properties, if any, both present and future, save and except the Project Assets;n(b) all tangible movable assets (current and non-current assets) including movable plant and machinery, tools and accessories and all other movable assets, present and future, in relation to the Project, save and except the Project Assets;n(c) all the intangible assets of the Borrower, including but not limited to, the intellectual property rights of the Borrower, goodwill, rights, undertakings, revenue, receivables, and uncalled capital, both present and future but excluding the Project Assets ;n(d) all accounts of the Borrower, in relation to the Project, ne) assignment/ charge by way of creation of Security Interest over, except the Project Assetsni. all the right, title, interests, benefits, claims and demands of the Borrower ;nii. all the right, title and interest of the Borrower in, to and under all the approvals and Clearances; andniii. all the right, title, interests, benefits, claims and demands of the Borrower in any letter of credit, guarantees (including contractor guarantees), liquidated damages and performance bonds provided by any party to the Project Documents;niv.all the right, title, interest, benefits, claims and demands whatsoever of the Borrower under all the Insurance Contracts, P150M Nil 0.00 Nil P0M
7 InviT ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil Punjab National Bank 38,175.00 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P164M Nil 0.00 Nil P0M
8 InviT ZZZ999Z99999 0.00 0.00 0 Secured P0M Nil Punjab National Bank 17,921.00 1. First pari passu charge on all moveable assets and the receivables of the InvIT present and future including but not limited to: a. Receivable of the InvIT limited to Project SPVs & the interest and principal repayment of loans advanced by InvIT to Project SPVs b. charge over rights of the InvIT under the loans advanced by InvIT to Project SPV(s) and securities created in favour of the InvIT to secure the loans advanced by the InvIT to the SPV(s). Dividends and any other amounts to be paid / payable by the Project SPVs to InvIT. 2. First pari passu charge on all immoveable assets of the Borrower (if any and if permitted under law). 3. First pari passu charge on Escrow account and all other bank accounts of InvIT, in which the free cash flows of the Project SPVs owned by the InvIT will be deposited or any other account opened / maintained by InvIT in relation to such SPVs. 4. First Pari-passu charge over DSRA 5. Charge over rights of the loans advanced by InvIT to Project SPVs and securities created by InvIT 6. Pledge of 51% equity shares of all Project SPVs, subject to permitted regulations P160M Nil 0.00 Nil 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 0.97
2 Debt service coverage ratio 1.54
3 Interest service coverage ratio 3.37
4 Asset cover available ratio 2.08
5 Total debts to total assets 0.48
6 Current ratio 3.47
7 EBITDA margin (i.e.: Earnings before interest tax depreciation and amortisation margin) 71.35
8 Net profit margin percent 56.53
9 Net operating income margin 71.35
10 Distribution per unit (In Rs.) 3.5
11 Net worth i.e.: Unitholders funds 4,74,897.90


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



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
1 Hybrid Annuity Mode (“HAM”) 05-03-2026 Outright Purchase 25-03-2026 14,031.40 G R Infraprojects Limited Yes 49,406.60 NA
2 Hybrid Annuity Mode (“HAM”) 05-03-2026 Outright Purchase 25-03-2026 43,214.30 G R Infraprojects Limited Yes 1,27,798.40 NA
3 Hybrid Annuity Mode (“HAM”) 05-03-2026 Outright Purchase 25-03-2026 30,479.30 G R Infraprojects Limited Yes 86,705.30 NA



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 01-01-2026
B Date of end of reporting period 31-03-2026
B Details of Distribution made during the period, if applicable: (Yes/No) Yes
Sr. Particulars
1 Record Date 06-02-2026
2 Date of Board Meeting in which the distribution declared 03-02-2026
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 6,378.30 1.44
5 Out of the total amount of distribution declared, the amount in the form of dividend 0.00 0
6 Out of the total amount of distribution declared, including amount in the form of amortization of SPV level debt 8,681.60 1.96
7 Out of the total amount of distribution declared, the amount in form of other income 0.00 0
8 Due date of the payment of distribution 13-02-2026
9 Date by which payment of distribution is completed 13-02-2026



Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Akkalkot Solapur Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,260.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1,260.00
2 Other Equity 0.00
3 Reserve & Surplus 5,310.60
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 6,570.60
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 4,725.40
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 30,831.50
Total Net Debt 35,556.90
C Total Capitalisation 42,127.50
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR BAHADURGANJ ARARIA HIGHWAY PRIVATE LIMITED
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 900.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 900.00
2 Other Equity 0.00
3 Reserve & Surplus 2,477.60
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 3,377.60
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 593.30
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 50,732.70
Total Net Debt 51,326.00
C Total Capitalisation 54,703.60
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Phagwara Expressway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 2,030.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 2,030.00
2 Other Equity 0.00
3 Reserve & Surplus 83.10
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 2,113.10
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 2,568.00
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 37,051.20
Total Net Debt 39,619.20
C Total Capitalisation 41,732.30
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Gundugolanu Devarapalli Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,950.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,950.00
2 Other Equity 0.00
3 Reserve & Surplus 4,234.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 9,184.00
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 2,016.20
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 64,837.60
Total Net Debt 66,853.80
C Total Capitalisation 76,037.80
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs Varanasi Sangam Expressway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 3,889.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 3,889.00
2 Other Equity 0.00
3 Reserve & Surplus 15,889.90
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 19,778.90
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 728.40
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 78,107.30
Total Net Debt 78,835.70
C Total Capitalisation 98,614.60
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Sangli Solapur Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 1,500.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 1,500.00
2 Other Equity 0.00
3 Reserve & Surplus 6,984.40
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 8,484.40
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 109.80
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 36,202.20
Total Net Debt 36,312.00
C Total Capitalisation 44,796.40
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs Porbandar Dwarka Expressway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,200.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,200.00
2 Other Equity 0.00
3 Reserve & Surplus 8,473.80
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 12,673.80
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 421.00
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 53,638.10
Total Net Debt 54,059.10
C Total Capitalisation 66,732.90
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Dwarka Devariya Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 950.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 950.00
2 Other Equity 0.00
3 Reserve & Surplus (2,104.80)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds (1,154.80)
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 910.40
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 45,604.70
Total Net Debt 46,515.10
C Total Capitalisation 45,360.30
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Aligarh Kanpur Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 6,300.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 6,300.00
2 Other Equity 0.00
3 Reserve & Surplus (600.10)
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 5,699.90
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 2,495.80
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 85,794.60
Total Net Debt 88,290.40
C Total Capitalisation 93,990.30
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR GALGALIA BAHADURGANJ HIGHWAY PRIVATE LIMITED
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 900.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 900.00
2 Other Equity 0.00
3 Reserve & Surplus 1,696.30
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 2,596.30
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 1,426.00
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 50,207.10
Total Net Debt 51,633.10
C Total Capitalisation 54,229.40
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Bilaspur Urga Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 4,100.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 4,100.00
2 Other Equity 0.00
3 Reserve & Surplus 7,979.30
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 12,079.30
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 3,170.60
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 76,153.50
Total Net Debt 79,324.10
C Total Capitalisation 91,403.40
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Ena Kim Expressway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 900.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 900.00
2 Other Equity 0.00
3 Reserve & Surplus 10,854.30
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 11,754.30
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 3,879.50
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 0.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 1,12,649.00
Total Net Debt 1,16,528.50
C Total Capitalisation 1,28,282.80
Disclosure of notes for HoldCos and Directly held SPVs Notes :


Capital Structure including Borrowing and Deferred Payments - SPVs/Holdcos

Amount in (Lakhs)

1 Date of start of reporting period 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos/SVPs GR Ujjain Badnawar Highway Private Limited
Category SPVs
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 900.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 900.00
2 Other Equity 0.00
3 Reserve & Surplus 572.90
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 1,472.90
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 550.20
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 47,962.80
Total Net Debt 48,513.00
C Total Capitalisation 49,985.90
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 01-01-2026
2 Date of end of reporting period 31-03-2026
A For HoldCos and Directly held SPVs Amount
Name of Holdcos NA
Name of SVPs NA
A Shareholders Funds
1 Capital
(1) held by InvITs / REITs directly or indirectly 0.00
(2) held by Other shareholders
Name of other shareholder % of Holiding
Total Capital 0.00
2 Other Equity 0.00
3 Reserve & Surplus 0.00
4 Instruments entirely equity in nature 0.00
Total Shareholders Funds 0.00
B Borrowings
1 Long Term Borrowings 0.00
2 Current Maturities of Long Term Borrowings 0.00
3 Short term borrowings 0.00
4 Deferred Payment Liability 0.00
5 Interest Accrued and due 0.00
6 Interest Accrued but not due 0.00
7 Loans from REITs / InvITs or any other inter SPV Borrowings 0.00
Total Net Debt 0.00
C Total Capitalisation 0.00
Disclosure of notes for SVPs held through HoldCos Notes :




Details of Impact of Audit Qualification

Whether results are audited or unaudited
Declaration of unmodified opinion or statement on impact of audit qualification
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
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