BSEGeneral15 Sept 2026 · 15 Sept 2026, 06:30 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 the expiry of the concession period for Andhra Pradesh Expressway Private Limited, a project SPV, and the initiation of the handover process to NHAI.
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Full Announcement
Cube Highways Trust - 543899 - Reg 23(5)(i): Disclosure of material issue
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Date: September 15, 2026
Listing Department Listing Department National Stock Exchange of India Limited
BSE Limited Exchange Plaza, C-1, Block-G
20th Floor, P. J. Towers Bandra-Kurla Complex, Bandra (E)
Dalal Street, Mumbai–400001 Mumbai - 400 051
Units: Symbol: CUBEINVIT
Scrip Code: 543899 ISIN: INE0NR623014
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
Sub.: Intimation of expiry of concession period and initiation of handover process in respect of Andhra
Pradesh Expressway Private Limited, a project SPV of Cube Highways Trust
Dear Sir/Madam,
This is with reference to Regulation 23 of Securities and Exchange Board of India (Infrastructure Investment
Trusts) Regulations, 2014 (“InvIT Regulations”) as amended from time to time, please note that the concession
period for one of our Special Purpose Vehicles of Cube Highways Trust (“Trust”), namely, Andhra Pradesh
Expressway Private Limited (“APEPL or Project SPV”), has expired on September 14, 2026 at 23:59:59 Hrs,
in accordance with the Concession Agreement signed by and between the Project SPV and National Highways
Authority of India (“NHAI”).
APEPL has initiated the contractual handover process of the project to NHAI, in accordance with the terms of
the Concession Agreement.
Pursuant to Regulation 2(1)(zy)(ii) of the SEBI InvIT Regulations, read with SEBI circular dated May 15, 2026,
APEPL will continue to be classified as a SPV, subject to fulfilment of the prescribed conditions. The Investment
Manager is evaluating the permissible options for APEPL and will implement the selected course within the
applicable regulatory timelines, subject to requisite approvals.
Brief details of the Project SPV
APEPL is a private limited company incorporated on November 11, 2005, under the erstwhile Companies Act,
1956 (CIN: U63031DL2005PTC349200). APEPL was originally incorporated as “Andhra Pradesh Expressway
Limited” a public limited company. Subsequently, it converted into a private limited company, and a fresh
certificate of incorporation dated April 23, 2025, was issued. On March 20, 2006, the NHAI and APEPL entered
in a concession agreement whereby it was engaged for NH-44 (erstwhile NH 7), between Kothakota in
Telangana and Kurnool in Andhra Pradesh (from km. 136+077 in Kothakota to km. 210+699 in Kurnool) in the
state of Telangana on Hybrid Annuity Model.
You are requested to kindly take the same on record.
Thanking you
For Cube Highways Fund Advisors Private Limited
(acting in its capacity as Investment Manager to Cube Highways Trust)
Richa Gupta Rohatgi
Compliance Officer and Company Secretary
CUBE HIGHWAYS FUND ADVISORS PRIVATE LIMITED
CIN: U74999DL2021FTC379941
Regd. O(cid:431)ice: B-376, UGF, Nirman Vihar, New Delhi - 110092
Corporate O(cid:431)ice: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301
E-mail: - compliance.o(cid:431)icer@cubeinvit.com, Phone: +91-120-4868300
CC 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. O(cid:431)ice: B-376, UGF, Nirman Vihar, New Delhi - 110092
Corporate O(cid:431)ice: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301
E-mail: - compliance.o(cid:431)icer@cubeinvit.com, Phone: +91-120-4868300