9742272026-01-012026-03-319742272026-03-319742272025-03-319742272025-04-012026-03-319742272026-01-012026-03-31OtherIncomeDomain19742272026-01-012026-03-31OtherIncomeDomain29742272025-04-012026-03-31OtherIncomeDomain19742272025-04-012026-03-31OtherIncomeDomain29742272026-01-012026-03-31OtherExpensesDomain19742272026-01-012026-03-31OtherExpensesDomain29742272026-01-012026-03-31OtherExpensesDomain39742272026-01-012026-03-31OtherExpensesDomain49742272026-01-012026-03-31OtherExpensesDomain59742272026-01-012026-03-31OtherExpensesDomain69742272026-01-012026-03-31OtherExpensesDomain79742272026-01-012026-03-31OtherExpensesDomain89742272025-04-012026-03-31OtherExpensesDomain19742272025-04-012026-03-31OtherExpensesDomain29742272025-04-012026-03-31OtherExpensesDomain39742272025-04-012026-03-31OtherExpensesDomain49742272025-04-012026-03-31OtherExpensesDomain59742272025-04-012026-03-31OtherExpensesDomain69742272025-04-012026-03-31OtherExpensesDomain79742272025-04-012026-03-31OtherExpensesDomain89742272026-03-31OtherNoncurrentFinancialAssetsDomain19742272026-03-31OtherNoncurrentAssetsDomain19742272026-03-31OtherNoncurrentAssetsDomain29742272026-03-31OtherCurrentFinancialAssetsDomain19742272026-03-31OtherCurrentAssetsDomain19742272026-03-31OtherNoncurrentFinancialLiabilitiesDomain19742272026-03-31OtherNoncurrentLiabilitiesDomain19742272026-03-31OtherCurrentFinancialLiabilitiesDomain19742272026-03-31OtherCurrentLiabilitiesDomain19742272026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss19742272025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss19742272026-01-012026-03-31ProjectDomain1in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain1in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain2in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain2in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain3in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain3in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain4in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain4in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain5in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain5in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain6in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain6in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain7in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain7in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain8in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain8in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain9in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain9in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain10in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain10in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain11in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain11in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain12in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain12in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain13in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain13in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain14in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain14in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain15in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain15in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain16in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain16in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain17in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain17in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain18in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain18in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain19in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain19in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain20in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain20in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain21in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain21in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain22in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain22in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain23in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain23in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain24in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain24in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain25in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain25in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain26in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain26in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain27in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtHoldCoOrSPVLevelMember9742272026-01-012026-03-31ProjectDomain27in-capmkt:HoldCoOrSPVMember9742272026-01-012026-03-31ProjectDomain1in-capmkt:CashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevel1Member9742272026-01-012026-03-31ProjectDomain1in-capmkt:CashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevel2Member9742272026-01-012026-03-31ProjectDomain1in-capmkt:CashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevel3Member9742272026-01-012026-03-31ProjectDomain1in-capmkt:CashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevel4Member9742272026-01-012026-03-31ProjectDomain1in-capmkt:CashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevel5Member9742272026-01-012026-03-31ProjectDomain1in-capmkt:OtherCashFlowReceivedFromSPVsWhichRepresentDistributionsOfNDCFAtTrustLevelMember9742272026-01-012026-03-31ProjectDomain1in-capmkt:TrustMember9742272026-03-31in-capmkt:BookValueMember9742272026-03-31in-capmkt:FairValueMember9742272025-04-012026-03-31OtherChangesInFairValueWhichAreNotRecognizedInTotalComprehensiveIncomeDomain19742272026-03-31OtherChangesInFairValueWhichAreNotRecognizedInTotalComprehensiveIncomeDomain19742272025-03-319742272025-04-012026-03-31in-capmkt:RetainedEarningsMember9742272026-03-31in-capmkt:RetainedEarningsMember9742272025-03-31in-capmkt:RetainedEarningsMember9742272025-04-012026-03-31in-capmkt:OtherEquityOther1Member9742272026-03-31in-capmkt:OtherEquityOther1Member9742272025-03-31in-capmkt:OtherEquityOther1Member9742272025-04-012026-03-31in-capmkt:EquityMember9742272026-03-31in-capmkt:EquityMember9742272025-03-31in-capmkt:EquityMember9742272025-12-31in-capmkt:BorrowingsFromDomesticBanksFinancialInstitutionsMember9742272026-03-31in-capmkt:BorrowingsFromDomesticBanksFinancialInstitutionsMember9742272026-01-012026-03-31in-capmkt:BorrowingsFromDomesticBanksFinancialInstitutionsMember9742272025-12-31in-capmkt:NonConvertibleDebenturesMember9742272026-03-31in-capmkt:NonConvertibleDebenturesMember9742272026-01-012026-03-31in-capmkt:NonConvertibleDebenturesMember9742272025-12-31in-capmkt:NonConvertiblePreferenceSharesMember9742272026-03-31in-capmkt:NonConvertiblePreferenceSharesMember9742272026-01-012026-03-31in-capmkt:NonConvertiblePreferenceSharesMember9742272025-12-31in-capmkt:ECBsMember9742272026-03-31in-capmkt:ECBsMember9742272026-01-012026-03-31in-capmkt:ECBsMember9742272025-12-31in-capmkt:OtherBorrowingsMember9742272026-03-31in-capmkt:OtherBorrowingsMember9742272026-01-012026-03-31in-capmkt:OtherBorrowingsMember9742272026-01-012026-03-31InvITOrHoldCoOrSPVsDomain19742272026-01-012026-03-31InvITOrHoldCoOrSPVsDomain29742272026-01-012026-03-31InvITOrHoldCoOrSPVsDomain39742272026-01-012026-03-31AssetsAcquiredDuringTheReportingPeriodDomain19742272026-01-012026-03-31DistributionDomain19742272026-01-012026-03-31HoldCosOrSPVsDomain1in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain1in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain1in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain1in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain2in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain2in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain2in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain2in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain3in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain3in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain3in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain3in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain4in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain4in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain4in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain4in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain5in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain5in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain5in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain5in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain6in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain6in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain6in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain6in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain7in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain7in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain7in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain7in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain8in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain8in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain8in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain8in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain9in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain9in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain9in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain9in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain10in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain10in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain10in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain10in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain11in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain11in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain11in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain11in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain12in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain12in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain12in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain12in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain13in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain13in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain13in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain13in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain14in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain14in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain14in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain14in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain15in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain15in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain15in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain15in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain16in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain16in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain16in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain16in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain17in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain17in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain17in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain17in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain18in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain18in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain18in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain18in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain19in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain19in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain19in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain19in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain20in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain20in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain20in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain20in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain21in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain21in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain21in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain21in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain22in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain22in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain22in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain22in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain23in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain23in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain23in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain23in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain24in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain24in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain24in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain24in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain25in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain25in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain25in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain25in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain26in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain26in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain26in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain26in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain27in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder1Member9742272026-01-012026-03-31HoldCosOrSPVsDomain27in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder2Member9742272026-01-012026-03-31HoldCosOrSPVsDomain27in-capmkt:HoldCosAndDirectlyHeldSPVsOtherShareholder3Member9742272026-01-012026-03-31HoldCosOrSPVsDomain27in-capmkt:HoldCosAndDirectlyHeldSPVsMember9742272026-01-012026-03-31HoldCosOrSPVsDomain1in-capmkt:SPVsHeldThroughHoldCosMemberiso4217:INRxbrli:pureiso4217:INRxbrli:pure974227VERTISNOTLISTEDINE0KXY23015Vertis Infrastructure TrustInvITs2025-04-012026-03-312026-05-202026-05-14INRMillionsQuarterlyFourth quarterSingle segmentThe Trust’s activities comprise of owning and investing in Infrastructure SPVs to generate cash flows for distribution to unitholders. Based on the guiding principles given in Ind AS - 108 “Operating Segments”, this activity falls within a single operating segment and accordingly the disclosures of Ind AS -108 have not separately been given. The Trust is operating in India which is considered as a single geographical segment.2026-05-2016:30:002026-05-2021:59:00trueCash Flow IndirectSPVs & TrustNot applicable2026-01-012026-03-31UnauditedStandalone547412000061690000553581000000001970330000029663000022669600003268850000-3186300002950220000-200001700001500000295007000000002950070000029500700001286106300001.951.95001.951.952025-04-012026-03-31AuditedStandalone2315663000025066000023407290000000076157400000921390000853713000014870160000-133273000013537430000-26680000-560000-272400000135646700000000135646700000135646700001286106300008.988.98008.988.98Interest income from bank deposits43210000Profit on sale of investments (net)18480000Interest income from bank deposits185290000Profit on sale of investments (net)65370000Valuation expenses2070000Audit fees17960000Insurance expense4500000Investment manager fees127430000Rating fees11390000Trustee fees3160000Legal and professional124960000Other expenses5160000Valuation expenses8000000Audit fees24110000Insurance expense14740000Investment manager fees429870000Rating fees27470000Trustee fees6070000Legal and professional375380000Other expenses35750000000000005234780000001479626100005987300002009091400008725000020099639000001175020000017400002569810000132698900000170164600003204000017048500000218044890000128610630000-2294172000010566891000010566891000096145480000009614548000000961454800001518698000001918000052170000713500009496300001620796000022540000016230500000112375980000218044890000Others financial assets598730000Non-current tax assets (net)51130000Other non-current assets36120000Others financial assets0Other current assets32040000Other financial liabilities0Other non-current liabilities0Other financial liabilities949630000Other current liabilities2254000076154900000007550000000-2000000049450000093700000013327300000000026432500002051338000008800000-251540000000-14326750000-789320000000223600000-81168000001247547000000000000000000000000000002643250000151748600000-43058490000-3771585000000000000878123800002461634000001754768000071850000000-15693000038306430000-2211000000-2211000002228300001730000Re-measurement gain on defined benefit obligations00Re-measurement gain on defined benefit obligations00000000Ulundurpet Expressways Private Limited449040000Nirmal BOT Private Limited-28870000Godhra Expressways Private Limited441880000Dewas Bhopal Corridor Private Limited499190000Shillong Expressway Private Limited-10720000Jodhpur Pali Expressway Private Limited143070000Udupi Tollway Private Limited333440000Ateli Narnaul Highway Private Limited 418860000Rewari Ateli Highway Private Limited -18490000Gurgaon Sohna Highway Private Limited 237870000Swarna Tollway Private Limited 821360000Gujarat Road And Infrastructure Company Limited 926460000Bangalore Elevated Tollway Private Limited 527080000North Telangana Expressway Private Limited 1434080000Rewari Bypass Private Limited -13560000Khajuraho Highways Private Limited-10190000Bundelkhand Highways Private Limited549470000Chitradurga Highways Private Limited-89270000Triveni Sangam Highways Private Limited851360000Aligarh Highways Private Limited-114700000Gomti Highways Private Limited-54820000Unnao Highways Private Limited42120000Bithur Kanpur Highways Private Limited849530000Meerut Haridwar Highways Private Limited-91980000Dausa Lalsot Highways Private Limited 274600000Bareilly Nainital Highways Private Limited157400000Challakere (Karnataka) Highways Pvt. Ltd 9414000094.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1494.1411900000046400000000583000000000000000000000220000454650000During the year ended March 31, 2026, the Company was able to upstream distributions amounting to Rs. 1,126.53 million to the Trust to the extent permitted after considering all applicable regulatory and statutory constraints. Notwithstanding the NDCF generated during the year, a cash trap of Rs. 552.25 million has arisen due to the absence of distributable profits as computed under the Companies Act, 2013, since dividend can only be declared out of current year profits or accumulated surplus available in accordance with the applicable provisions of the Act. The amount of such cash trap has been appropriately disclosed as part of reserves in the NDCF computation. Further, in order to address the cash trap, UEPL has filed an application before the NCLT for a capital reduction scheme. <BR> <BR> All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline21100000029000000002400000000000000000-30550000000-305500008400003240000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline15700000026000000001830000000000000000000002290000441420000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline32000000230000000002620000000000000000000006220000495590000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline52000000118000000001700000000000000000000000-9020000Notwithstanding the nil NDCF for the year ended March 31, 2026, SEPLs balance sheet reflects positive distributable reserves as at the year-end. Accordingly, SEPL declared and paid a dividend from such accumulated reserves. However, consistent with the SEBI NDCF framework, this dividend does not form part of the NDCF for the year ended March 31, 2026 and has not been and will not be distributed to the unitholders of the Trust in connection with such NDCF computation. <BR> <BR> All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline5500000082000000001370000000000000000000001080000143360000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline1360000001000000001370000000000000000000006630000328180000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline99000000000009900000000000000004064000000040640000320000378890000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline17500000093000000002680000000000000000-54130000000-54130000841000029910000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline950000008100000000176000000000000002066000000000206600007250000211720000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline93000000414000000005070000000000000000000004450000821980000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline7680000000000076800000000000-17540000125000000-373710000000000-373710000-6600001201050000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline616000000455000000001071000000000000000050400000005040000-1680000534430000During the year ended March 31, 2026, the Company was able to upstream distributions amounting to Rs. 376.94 million to the Trust to the extent permitted after considering all applicable regulatory and statutory constraints. Notwithstanding the NDCF generated during the year, a cash trap of Rs. 1,542.66 million has arisen on account of the absence of distributable profits as computed under the Companies Act, 2013, since dividend can only be declared out of current year profits or accumulated surplus available in accordance with the applicable provisions of the Act. The quantum of such cash trap has been appropriately disclosed as part of reserves in the NDCF computation. Further, in order to address the cash trap, an application for a scheme of arrangement was filed before the NCLT and was heard on April 10, 2026; however, the application has been rejected by the NCLT and Company is in the process of filling of revised application. <BR> <BR> All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline1870000003680000000055500000000000000000000001439630000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline14200000048000000001900000000000000000-30510000000-30510000523000013620000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline15600000064400000000800000000000006380000110000000-40800000000-40800000927000022850000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline4610000008500000000546000000000002529000000001066500000001066500008070000414920000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline2390000001550000000039400000000000347300000000-125720000000-1257200007400000-1740000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline27200000068000000003400000000000044140000001411700000000014117000010780000658670000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline2210000000000022100000000000637000000-15953000000000-159530000355000037120000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline533000000970000000063000000000000-25400000000-48250000000-4825000018530000-16260000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline73000000373000000004460000000000033580000000033310000000333100003330000-23640000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline33900000052000000003910000000000041590000000067420000000674200009500000734930000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline1990000002090000000040800000000000186600000000-196860000000-1968600001622000074080000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline36000000430000000079000000000002920000000039370000000393700007680000225420000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline40000000000004000000000000286400000000-179830000000-17983000026190000282800000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guideline5400000000000540000000000000952000000851600000009468000000All NDCF (Vertis and SPVs) reported are excluding amount kept aside as per SEBI guidelineVertis Infrastructure Trust-231180000Dividend IncomeInterest income receivedRepayment - LoanOtherNA2156900000477648000089906000019760000007852200000123420000001935000000001427700000000000177411000052972000023036000000000023036000005229600000218044890000273646480000112375980000112375980000105668910000161270500000001056689100001612705000001509983998150998399869.98106.813564670000Other changes in fair value for the year583053900005830539000071870060000000000Note : Statement of net borrowings ratio not applicable as per Master Circular No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 202512861063000001286106300000128610630000Distribution-Repayment of Capital-9507750000-9450970000-1895872000000000013564670000013564670000-10005300000-7542370000-17547670000000000-5948380000-16993340000-229417200007785580000030265000005133000008036900000025132000002437910000001950000024359600000-195000000000000000trueCommercial Papers6807100000111290000069183900001112900001. Balance of Commercial Papers is increased due to accrual of interest.InviTZZZ999Z99999000SecuredP0MNAAxis Bank Ltd109650000NAP182MNA0NAP0MInviTZZZ999Z99999000SecuredP0MNAAxis Bank Ltd112500000NAP182MNA0NAP0MInviTZZZ999Z99999000SecuredP0MNAState Bank of India80500000NAP203MNA0NAP0Mtrue0.0105ratios is "in times"0.021ratios is "in times"0.0266ratios is "in times"0.02020Not Applicable to Trust as there is no trade receivable as on reporting date0.0105ratios is "in times"0.00960.00540.00963.63105668910000Challakere (Karnataka) Highways Pvt. Ltd2025-03-27Outright Purchase2026-03-27804750000PNC Infra Holdings Ltd and PNC Infratech Ltdfalse12651100001. Consideration is as per Trust standalone financials 2. Valuation is equity value as per valuation report as on March 31, 2026.true2026-02-042026-01-3033112600002.1914891000000.996207000000.41585200000.042026-02-112026-02-11Ulundurpet Expressways Private LimitedSPVs9685600000Nirmal BOT Private LimitedSPVs3150000000Godhra Expressways Private LimitedSPVs2015500000Dewas Bhopal Corridor Private LimitedSPVs9500000Shillong Expressway Private LimitedSPVs50000000Jodhpur Pali Expressway Private LimitedSPVs6200000Udupi Tollway Private LimitedSPVs370100000Ateli Narnaul Highway Private Limited SPVs3889800000Rewari Ateli Highway Private Limited SPVs1917200000Gurgaon Sohna Highway Private Limited SPVs2785300000Swarna Tollway Private Limited SPVs15390000000Gujarat Road And Infrastructure Company Limited SPVs315010000239620000Bangalore Elevated Tollway Private Limited SPVs2159100000North Telangana Expressway Private Limited SPVs1600000Rewari Bypass Private Limited SPVs38100000Khajuraho Highways Private LimitedSPVs3930000000Bundelkhand Highways Private LimitedSPVs6528000000Chitradurga Highways Private LimitedSPVs4302000000Triveni Sangam Highways Private LimitedSPVs9823000000Aligarh Highways Private LimitedSPVs6681000000Gomti Highways Private LimitedSPVs7131000000Unnao Highways Private LimitedSPVs8048000000Bithur Kanpur Highways Private LimitedSPVs9889000000Meerut Haridwar Highways Private LimitedSPVs6545000000Dausa Lalsot Highways Private Limited SPVs2643000000Bareilly Nainital Highways Private LimitedSPVs7460000000Challakere (Karnataka) Highways Pvt. Ltd SPVs5821000000Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.1024Government of Gujarat0.1639IL&FS Financial Services Limited0.1657IL&FS Transportation Networks Limited0.10240000000000000000000000000000000009088000091890000568500000000000000000000000000000000000000000000000009685600003849500002035100000155702000000000000155702000031500000012420000-14132000001861000000000018110000493540000511650000697750000201550000516190000-58057600000-50880200000000069890000986678000099366700004848650000950000179930000102317000001204050000000000250068000025006800003704730000500000021000000352100000612100000000000061210000620000241160000-38906200000-3648840000000001040910000515488000061957900002546950000370100001070490000-57721700000-46646700000000017318600007968620000970048000050358100003889800000-4813100000-923300000000003489210000348921000033968800001917200000-1400100000517100000000018855000018875800002076130000212784000027853000027410000-7914000002268000000000010942000022681300002377550000260435000015390000000-40376300000-24986300000000006192710000619271000036940800005546300005066100000010612400000000000010612400002159100001762500000-652730000013256800000000000013256800001600003349940000-82901800000-494008000000000471823000063554980000682732100006333313000038100000-1593300000-1555200000000058970000245083000025098000002354280000393000000011417700000153477000000000123790000345618000035799700005114740000652800000012379100000189071000000000303300004001220000403155000059222600004302000000126149000001691690000000001052800002958560000306384000047555300009823000000321990000013042900000000091720000672362000068153400008119630000668100000013091100000197721000000000764600002195530000227199000042492000007131000000105038000001763480000000001561500004507080000466323000064267100008048000000522150000013269500000000017466000050742900005248950000657590000098890000001301950000022908500000000043510000619488000062383900008529240000654500000052115000001175650000000003489200004512420000486134000060369900002643000000549910000081421000000000897400001490970000158071000023949200007460000000-14657500000-7197500000000025120000043626800004613880000389413000058210000005266000000110870000035717800002420000000002590000134940000051657700006274470000Not applicableNot applicable000000000000000