BSEGeneral14 Sept 2026 · 14 Sept 2026, 09:18 pm

Cube Highways Trust has informed the Exchange regarding Disclosure of material issue

Cube Highways Trust · 543899

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Cube Highways Trust has informed the Exchange regarding Disclosure of material issue, specifically the execution of a Binding Offer to acquire 100% of the equity share capital of two SPVs, Apco Chetak Ultraway Private Limited and Apco Chetak Expressway Private Limited, from Apco Infratech Private Limited and Chetak Enterprises Limited.

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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact7/10
Market Sentiment5/10

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Cube Highways Trust - 543899 - Reg 23(5)(i): Disclosure of material issue

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September 14, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited 20th Floor, P. J. Towers Exchange Plaza, C-1, Block-G Dalal Street, Mumbai – 400 001 Bandra-Kurla Complex, Bandra (E) Units: Mumbai - 400 051 Scrip Code: 543899 ISIN: INE0NR623014 Symbol: CUBEINVIT Non-convertible debentures: Scrip Code: 974936 ISIN: INE0NR607017 Scrip Code: 976397 ISIN: INE0NR607033 Scrip Code: 976434 ISIN: INE0NR607041 Scrip Code: 976636 ISIN: INE0NR607058 Scrip Code: 976637 ISIN: INE0NR607066 Scrip Code: 977036 ISIN: INE0NR607074 Scrip Code: 977037 ISIN: INE0NR607082 Scrip Code: 977917 ISIN: INE0NR607090 Subject: Intimation regarding execution of Binding Offer Dear Sir/Madam, Pursuant to the provisions of Regulation 23(6) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended, read with the SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, as amended and other applicable laws and regulations, if any, this is to inform you that today, i.e., September 14, 2026, the Investment Manager (acting on behalf of Cube Highways Trust) (the “Trust”), has entered into a Binding Offer with M/s Apco Infratech Private Limited (“Apco”) and M/s Chetak Enterprises Limited (“Chetak”), (Apco and Chetak, each a “Seller” and collectively, the “Sellers”), and M/s Apco Chetak Ultraway Private Limited and M/s Apco Chetak Expressway Private Limited (collectively, the “SPVs”), to acquire 100% of the equity share capital of the SPVs on certain terms and conditions. The details of the SPVs are enclosed as Annexure A. We kindly request you to take the same on record. For Cube Highways Fund Advisors Private Limited (acting in its capacity as Investment Manager to Cube Highways Trust) Richa Gupta Rohatgi Company Secretary and Compliance Officer Copy to: Trustee to the InvIT Debt Security Trustee Axis Trustee Services Limited Catalyst Trusteeship Limited Axis House, P B Marg, Worli, 901, 9th Floor, Tower-B Peninsula Mumbai, Maharashtra, India, 400025 Business Park, Senapati Bapat Marg Lower Parel(W), Mumbai, Maharashtra- 400013 CUBE HIGHWAYS FUND ADVISORS PRIVATE LIMITED CIN: U74999DL2021FTC379941 Regd. Office: B-376, UGF, Nirman Vihar, New Delhi - 110092 Corporate Office: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301 E-mail: - compliance.officer@cubeinvit.com, Phone: +91-120-4868300 Annexure-A Details of Assets proposed to be acquired Name of the target entities and brief 1. M/s Apco Chetak Ultraway Private Limited (“ACUPL”); details and 2. M/s Apco Chetak Expressway Private Limited (“ACEPL”) Industry to which the entity proposed to The entities belong to the (Road) Infrastructure Industry. be acquired belongs State in which these assets are located 1. ACUPL – Uttar Pradesh 2. ACEPL – Uttar Pradesh Whether the acquisition would fall No within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired Percentage of shareholding/control 100% proposed to be acquired Object and impact of the proposed The proposed acquisition is expected to strengthen Cube acquisition InvIT’s revenue base and further enhance the yield and Net Asset Value (NAV). Consideration - whether cash Cash consideration or share swap or any other form and details of the same Cost of acquisition or the price at which The total consideration contemplated under the Binding the shares are acquired Offer is subject to adjustments in accordance with the terms of the Binding Offer and the definitive agreements. The final consideration shall be disclosed upon execution of the definitive agreements. Indicative time period for completion of The proposed acquisition is expected to be completed the acquisition subject to the satisfaction of applicable conditions precedent and closing conditions, including receipt of statutory clearances and other applicable approvals/consents, as agreed upon in the definitive agreements. Portfolio size post finalization of the Cube InvIT will have a portfolio comprising 29 SPVs current pipeline located across India. Any governmental or regulatory The proposed acquisition shall be subject to the receipt of approvals required for the acquisition requisite approvals from the National Highways Authority of India (“NHAI”), the Income Tax Authorities, and such other governmental or regulatory authorities as may be required under applicable law. Brief background about the entities Asset Length Remaining Date of Country proposed to be acquired in terms of (Km) concession Incorporation products/line of business acquired, date life of incorporation, country in which the ACUPL 8.360 ~9.5 years 07 April 2017 India acquired entities has presence and any to other significant information (in brief) 27.740 ACEPL 27.740 ~8 years 01 February to 2016 49.346 CUBE HIGHWAYS FUND ADVISORS PRIVATE LIMITED CIN: U74999DL2021FTC379941 Regd. Office: B-376, UGF, Nirman Vihar, New Delhi - 110092 Corporate Office: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301 E-mail: - compliance.officer@cubeinvit.com, Phone: +91-120-4868300