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INVIT FUNDInvITs2025-04-012026-03-312026-05-15INRMillionsQuarterlyFourth quarterSingle segmentOperating & Maintaining of Toll Roads2026-05-1511:30:002026-05-1514:45:00trueCash Flow IndirectTrustNot applicable2026-01-012026-03-31AuditedStandalone045357300004535730000000016634000000-43326000012301400003305590000033055900000000330559000000003305590000033055900001017481000002.642.64002.642.64* Others includes interest on unwinding of loan & interest on Income Tax Refund. <BR> <BR> ** Finance costs (Others) includes Amortisation of Transaction cost, Interest unwinding on loan and other finance cost. <BR> <BR> *** Other expenses include bank charges, rates and taxes and miscellaneous expenses.2025-04-012026-03-31AuditedStandalone011769230000117692300000000439457000003257600004720330000704890000007048900000-1300000-130000070490300000000704903000007049030000592110000007.887.88007.887.88* Others includes interest on unwinding of loan & interest on Income Tax Refund. <BR> <BR> ** Finance costs (Others) includes Amortisation of Transaction cost, Interest unwinding on loan and other finance cost. <BR> <BR> *** Other expenses include bank charges, rates and taxes and miscellaneous expenses.Interest on loan4330520000Dividend income145110000Profit on sale of investments10560000Interest on Bank deposits42910000Fair value gain on investments6430000Other income *200000Other non operating income0Interest on loan10704500000Dividend income618460000Profit on sale of investments212380000Interest on Bank deposits197280000Fair value gain on investments36410000Other income *200000Other non operating income0Valuation expenses1220000Audit fees640000Investment management fees29500000Annual Listing Fees2030000Trustee Fees730000Legal and professional fees64820000Impairment of investment in subsidiaries-532550000Other expenses***350000Valuation expenses2860000Audit fees3980000Investment management fees118000000Annual Listing Fees8220000Trustee Fees2950000Legal and professional fees73100000Impairment of investment in subsidiaries115290000Other expenses***136000000000000344971600000132030190000166527350000016652735000002033450000017922700002764160000501168000062131400001781470000019700000390000178347900000018436214000088726840000273472000091461560000914615600008541680000000008541680000000085416800000747242000001690000533000070200003510000748295000083000000074837800000092900580000184362140000Other financial assets6213140000Other current assets390000Other financial liabilities3510000Other current liabilities8300003960740000000-1000000-5600000-68200000-32800000011529000000-53000000618460000109017700000-364100000-21238000004338300000-7270360000-221460000000159600000-2374200000155418700000000000000000000000009753543000055605900000061846000084125100000-996560000-9948230000000425371000000000115000000006397469000055041500000487163000036446500000-2509530000101481830000176211000001762110000301600001792270000Bank earmarked balance : (0.52) <BR> Investment in bank deposits (having original maturity of more than three months) (net) : (2120) <BR> Purchase of current investments ( Mutual Fund) : (44,713.46) <BR> Sale of current investments ( Mutual Fund) : 44,328.86 <BR> Repayment of sub debt of subsidiaries : 1507.52Repayment of unit capital to the unit holders : (1295.17) <BR> Transaction cost on long term borrowings : (755.6) <BR> Payment towards share issue expenses : (458.76)1. The above Consolidated Statement of Cash Flows has been prepared under Indirect Method as per Ind AS 7 "Statement of Cash Flows". <BR> <BR> 2. All figures in bracket are outflow. <BR> 000000IRB InvIT Fund 222320000Cash flows received from SPV’s / Investment entities which represent distributions of NDCF computed as per relevant frameworkCash flows received from SPV’s / Investment entities which represent distributions of NDCF computed as per relevant framework346356000034635600005394000000000005394000000000001544570000808100000000000002114440000 * Excludes transaction related costs amounting to Rs. 351.08 million funded out of proceeds from Institutional Placement. <BR> <BR> For the year ended March 31,2026, the Trust has considered distribution of Rs. 270.92 million received from SPV after March 31, 2026 but before finalization and adoption of accounts of the IRB InvIT Fund. <BR> <BR> 2. As per the Master Circular SEBI/HO/DDHS-PoD 2/P/CIR/2025/102 dated July 11, 2025, the details of NDCF distributable is as below – <BR> <BR> (Rs. in Million) <BR> <BR> Particulars Quarter ended March 31, 2026 <BR> NDCF of Trust (A) 2,114.44 <BR> (+) NDCF of SPV’s (B) 3,465.10 <BR> (-) Amount distributed by SPV’s (C) (3,463.56) <BR> Amount of NDCF Distributable D=(A+B-C) 2,115.98 <BR> <BR> Trust has ensured that minimum 90% of the above amount will be distributed as NDCF. <BR> 18436214000019281157000092900580000886685700009146156000010414300000000914615600001041430000001281600000128160000071.3781.26Fair values of subsidiaries/SPVs are calculated based on their independent fair value done by experts appointed by the Trust. The fair value of all these revenue-generating assets is determined using this method. The Trust holds 100% equity/beneficial interest in all SPVs. <BR> 7049030000Add/Less: other changes in fair value (e.g., in investment property, property, plant & equipment (if cost model is followed)) not recognized in total comprehensive income126814400001268144000019730470000i) Fair value of assets as at March 31, 2026 and March 31, 2025 and other changes in fair value for the year then ended as disclosed in the above tables are derived based on the fair valuation reports issued by the independent valuer appointed under the InvIT Regulations. <BR> <BR> ii) Fair value of assets has been derived by adjusting the cash and cash equivalents, investments and capital creditor, which is based solely on the fair valuation carried out by independent valuer appointed by Investment Manager under the SEBI InvIT Regulations. <BR> <BR> iii) Book value of liability has been adjusted for working capital adjustments to derive the fair value of liability to align with the fair value of assets carried out by independent valuer appointed by Investment Manager under the SEBI InvIT Regulations. <BR> <BR> iv) Previous year’s figures of the fair value of assets and liabilities has been recomputed to align with current year disclosure.8653253000007774920000787576100001825425400000.0043Note: <BR> 1. The above statement is prepared on the basis of consolidated financial information of the InvIT. <BR> 2. The breakup of borrowings is as under: <BR> <BR> (Rs. In million) <BR> <BR> <BR> Name of the entity Nature of debt As at March 31, 2026 <BR> IRB InvIT Fund Term loan from Bank 75,032.53 <BR> VK1 Expressway Limited Term loan from Bank - <BR> IRB InvIT Fund Non Convertible Debenrures 11,500.00 <BR> Total 86,532.53 <BR> The above debt has been availed from State Bank of India and Canara Bank <BR> * gross of unamortised transaction costs <BR> <BR> 3. Breakup of Cash and Cash Equivalents is as under: <BR> <BR> Name of the entity As at March 31, 2026 <BR> IRB InvIT Fund 3,243.36 <BR> IRBSD 25.02 <BR> IRBJD 182.38 <BR> IDAA 0.27 <BR> IRBPA 16.11 <BR> IRBTA 36.09 <BR> IRBTC 420.77 <BR> MVR 670.27 <BR> VK1 294.94 <BR> KGTL 2,427.44 <BR> KTL 13.01 <BR> VM7 415.22 <BR> HM 30.04 <BR> Total 7,774.92 <BR> <BR> 4. The Value of InvIT assets is determined based on the latest available valuation report for March 31, 2026 by the valuer appointed under the InvIT Regulations. Breakup of the Value of InvIT assets is as under: <BR> (Rs. In million) <BR> <BR> Name of the entity As at March 31, 2026 <BR> IRBTA 7,718.24 <BR> IRBJD 20,427.64 <BR> IRBTC 25,869.68 <BR> MVR 324.12 <BR> IRBPA 16,077.33 <BR> VK1 10,529.04 <BR> KTL 27,230.82 <BR> KGTL 14,358.60 <BR> HMTL 47,629.72 <BR> VM7 12,377.34 <BR> Total 1,82,542.54 <BR> <BR> 59211000000004253710000010174810000010160800001016080000000070490300007049030000-608240000-60824000000-4722150000-472215000027347200002734720000Unit Issue expenses : (458.76); Interest distribution : (4263.39)i) The distributions that will be made to unitholders will be based on the Net Distributable Cash Flows (NDCF) of InvIT under the SEBI InvIT Regulations. <BR> <BR> ii) The Board of directors of Investment manager in their meeting on May 15, 2026 have approved distribution of Rs. 1.60 per unit to the unitholders, which comprises of Rs. 1.60 per unit in the form of interest for the year, which is payable within 5 working days from the record date. The above distribution has been declared and paid after March 31, 2026 and hence not included the same in the year ended March 31, 2026. <BR> <BR> iii) For March 31, 2026, pertains to the distributions made during the financial year along with the distribution related to the last quarter of FY 2024-25 and does not include the distribution relating to the last quarter of FY 2025-26 which has been paid after March 31, 2026. <BR> <BR> iv) For March 31, 2025,  Pertains to the distributions made during the financial year along with the distribution related to the last quarter of FY 2023-24 and does not include the distribution relating to the last quarter of FY 2024-25 which has been paid after March 31, 2025. <BR> <BR> (v) The opening balance of unit capital has been regrouped to comply with the requirements of Chapter 4 of SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, to disclose distribution in the nature of repayment of unit capital as a separate line item on the face of the standalone balance sheet.607628400001435050000080810000750325300001426969000011500000000001150000000000000000000falseInviTZZZ999Z99999000SecuredP0M0State Bank of India12700000000NAP52M000P0MInviTZZZ999Z99999000SecuredP0M0Canara Bank501200000NAP60M000P0MInviTZZZ999Z99999000SecuredP0M0State Bank of India1149300000NAP46M000P0Mtrue0.0102Ratio is given in times. 0.0285Ratio is given in times. 0.0314Ratio is given in times. 0.0198Ratio is given in times. 0.005Ratio is given in times. 0.0238Ratio is given in times. 0.0101Ratio is given in times. .0.0062Ratio is given in times. 0.0097791461560000true2026-05-202026-05-1518455000001.44512600000.041537900000.12002026-05-272026-05-27IDAA Infrastructure LimitedSPVs1981200000IRB Surat Dahisar Tollway LimitedSPVs5108420000IRB Pathankot Amritsar Toll Road LimitedSPVs986000000IRB Talegaon Amravati Tollway LimitedSPVs492500000IRB Jaipur Deoli Tollway LimitedSPVs1317500000IRB Tumkur Chitradurga Tollway LimitedSPVs1555000000M.V.R. Infrastructure and Tollways LimitedSPVs691020000VK1 Expressway LimitedSPVs1225000000Kaithal Tollway LimitedSPVs3280000000Kishangarh Gulabpura Tollway LimitedSPVs1555000000IRB Hapur Moradabad Tollway LimitedSPVs3715000000VM7 Expressway Private LimitedSPVs6451500001981200000-2304600000017507400000000000017507400005108420000116760000005225180000000000005225180000986000000-922697000000-824097000000000000-8240970000492500000-59601000000-10351000000000000-1035100001317500000-318506000000-186756000000000000-18675600001555000000228230000001783230000000000001783230000691020000591800000075020000000000000750200000122500000017568300000029818300000000000029818300003280000000-1045076000000-717076000000000000-71707600001555000000-372166000000-216666000000000000-21666600003715000000-492777000000-121277000000000000-12127700006451500003421000000098725000070405900000000007040590000802784000000000000000000000