NSEAgreements10 Jul 2026 · 10 Jul 2026, 04:08 pm

Agreements

Reliance Infrastructure Limited · RELINFRA

✦ AI Summary▲ PositiveDebt Restruc.

Reliance Infrastructure Limited's subsidiary, Mumbai Metro One Private Limited, has entered into a debt restructuring agreement with National Asset Reconstruction Company Limited, resulting in a debt reduction of over ₹1,100 crore and withdrawal of insolvency proceedings.

Analysis Scores

Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10

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Reliance Infrastructure Limited has informed the Exchange about Agreements

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RELINFRA_10072026160643_MMOPLMRANARCL10072026sd.pdf

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Reliance Infrastructure Limited CIN : L75100MH1929PLC001530 Tel: +91 22 4303 1000 Regd. Office: www.rinfra.com Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 July 10, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 500390 NSE Scrip Symbol: RELINFRA Dear Sir(s), Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Mumbai Metro One Private Limited (MMOPL), subsidiary of Reliance Infrastructure, Achieve Debt Restructuring with National Asset Reconstruction Company Limited, a Government entity Restructuring results in: • Debt Reduction by more than Rs. 1100 crore • Withdrawal of the Insolvency Proceedings against MMOPL MMOPL is heartline of Mumbai’s East West connectivity - with ridership of over 5 lakhs commuters every day Further to our earlier disclosure dated February 25, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform that on July 9, 2026, Mumbai Metro One Private Limited ("MMOPL"), a joint venture between Reliance Infrastructure Limited (holding 74% equity stake) and Mumbai Metropolitan Region Development Authority ("MMRDA") (holding 26% equity stake), which owns, operates and maintains the heartline of Mumbai’s East West connectivity “Versova–Andheri–Ghatkopar Metro Line-1”, has entered into a Debt Restructuring Agreement with National Asset Reconstruction Company Limited ("NARCL"), Government entity. The restructuring will result in: • Reduction in MMOPL's current debt payable to “NARCL” by more than ₹1,100 crore (as on March 31, 2026); and • Withdrawal of the Insolvency Proceedings initiated against MMOPL. The debt restructuring marks a significant milestone in resolving MMOPL's debt and strengthening its financial position, enabling it to continue focusing on the efficient and uninterrupted operation and maintenance of the Versova–Andheri–Ghatkopar Metro Line-1, while reinforcing its long-term operational sustainability. The requisite disclosure is set out in “Annexure A”. We request you to kindly take the above information on record. Yours faithfully, For Reliance Infrastructure Limited Paresh Rathod Company Secretary Encl. : As above. Annexure A Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Disclosure Item Details a. Name(s) of parties with whom the : National Asset Reconstruction Company agreement is entered; Limited ("NARCL") and Mumbai Metro One Private Limited ("MMOPL"), a subsidiary of the Company. b. Purpose of entering into the : Restructuring of the entire financial agreement obligations of MMOPL payable to NARCL and withdrawal of the insolvency proceedings initiated against MMOPL pursuant to the terms of the Agreement. c. Size of agreement; : Rs.2,771.32 crore d. Shareholding, if any, in the entity : The Company holds 74% equity share in with whom the agreement is MMOPL, which has entered into the Master executed; Restructuring Agreement (MRA) with NARCL. The Company does not hold any shareholding in NARCL. e. Significant terms of the agreement : The Agreement, inter alia, provides for the (in brief) special rights like right to restructuring of the entire financial appoint directors, first right to obligations of MMOPL towards NARCL. share subscription in case of issuance of shares, right to restrict As per MRA, NARCL has right to nominate a any change in capital structure etc. director on the Board of MMOPL, provides for the constitution of a Monitoring Committee comprising representatives of the lender and MMOPL to oversee the implementation of the restructuring, and contains customary affirmative and negative covenants, including restrictions on certain corporate actions without the prior written consent of the lender. f. Whether, the said parties are : NARCL is not related to promoter / promoter related to promoter/promoter group / group companies in any manner. group/ group companies in any manner. If yes, nature of MMOPL is a subsidiary of the Company and relationship is not related to the promoter/promoter group/group companies other than by virtue of being a subsidiary of the Company. g. Whether the transaction would fall : Master Restructuring Agreement between within related party transactions? If NARCL and MMOPL do not fall within yes, whether the same is done at related party transaction. “arm’s length” h. In case of issuance of shares to : Not Applicable the parties, details of issue price, class of shares issued Sr. Disclosure Item Details i. In case of loan agreements, details : Not Applicable of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis; j. Any other disclosures related to : Not Applicable such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. k. in case of termination or : Not Applicable amendment of agreement: i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof.