BSEGeneral29 Sept 2026 · 29 Sept 2026, 10:50 am
IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
IRB InvIT Fund · 540526
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IRB InvIT Fund has informed the Exchange regarding Disclosure of material issue related to the acquisition of assets from IRB Infrastructure Trust, including the execution of project implementation agreements and shareholder loan agreements.
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Earnings Impact6/10
Growth Catalyst7/10
Governance Concern3/10
Regulatory Risk2/10
Balance Sheet Risk4/10
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Market Sentiment5/10
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Full Announcement
IRB InvIT Fund - 540526 - Reg 23(5)(i): Disclosure of material issue
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September 29, 2026
Corporate Relationship Department, Listing Department,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G
Dalal Street, Mumbai 400 001 Bandra Kurla Complex, Bandra (E), Mumbai 400 051
Dear Sir / Madam,
Ref.: Scrip Code: 540526, Symbol: IRBINVIT
Sub.: Update on Acquisition of assets from IRB Infrastructure Trust (“Private InvIT”)
We refer to our earlier disclosures dated May 14, 2026, and July 2, 2026, and approval of the unitholders
of IRB InvIT Fund (“Trust”) accorded on August 3, 2026, with respect to proposed acquisition by the
Trust of the 100% equity share capital of Solapur Yedeshi Tollway Limited (“SYTL”) and CG Tollway
Limited (“CGTL”) (collectively referred as “Project SPVs”) from IRB Infrastructure Trust (“Private
InvIT”) and entering into project implementation agreement(s) with IRB Infrastructure Developers
Limited (“Sponsor”) in relation to the Project SPVs.
In this regard, please note that the Trust / Investment Manager on behalf of the Trust has executed
Project Implementation Agreement(s) pursuant to which the Sponsor will act as the Project Manager
for the Project SPVs of the Trust.
The details of the transaction is annexed herewith as “Annexure – I.”
You are requested to take note of the same.
Thanking you.
Yours faithfully,
For IRB Infrastructure Private Limited
(Investment Manager to IRB InvIT Fund)
Swapna Arya
Company Secretary and Compliance Officer
Membership Number – A32376
Encl.: As above
IDBI Trusteeship Services Limited
Ground Floor, Universal Insurance Bldg,
Sir Phirozshah Mehta Rd., Fort
Mumbai 400 001
Annexure I
Details of the transaction
Sr. Particulars Details
a) name(s) of parties with whom the IRB InvIT Fund (the “Trust”) has entered into project
agreement is entered; implementation agreement(s) with IRB Infrastructure
Developers Limited (“Project Manager” or
“Sponsor”) and each of Solapur Yedeshi Tollway
Limited (“SYTL”) and CG Tollway Limited (“CGTL”)
(collectively, referred as “Project SPVs”).
The Trust has also entered into shareholder loan
agreements and facility agreements each dated
September 28, 2026, with each of the Project SPVs and
certain ancillary agreements are proposed to be executed
in this regard, in connection with the transaction.
b) purpose of entering into the The Trust is entering into the project implementation
agreement; agreements for each of:
a) Solapur Yedeshi Tollway Limited (SYTL) - Four
Laning of Solapur to Yedeshi section of NH-211
from km 0.000 to km 100.000 (Design Length
98.717 km) in the State of Maharashtra under
NHDP Phase IV on Design, Build, Finance,
Operate and Transfer (DBFOT) Toll basis.
b) CG Tollway Limited (CGTL) - Six Laning of
Kishangarh Udaipur Ahmedabad Section from km
90.000 (near Gulabpura) to km 214.870 (end of
Chittorgarh Bypass) of NH-79 in the State of
Rajasthan Package-2 under NHDP Phase – V on
BOT (Toll) mode.
c) shareholding, if any, in the entity with No holding with whom the agreement is executed.
whom the agreement is executed;
The Sponsor holds 16.12% into the Trust.
d) significant terms of the agreement (in Not Applicable
brief) special rights like right to
appoint directors, first right to share
subscription in case of issuance of
shares, right to restrict any change in
capital structure etc.;
e) Whether the said parties are related to Trust is sponsored by IRB Infrastructure Developers
promoter/promoter group/ group Limited (the Sponsor).
companies in any manner. If yes,
nature of relationship;
f) whether the transaction would fall The Sponsor is a related party of the Trust. Accordingly,
within related party transactions? If since the Sponsor is proposed to be appointed as Project
yes, whether the same is done at Manager for the implementation of the aforesaid
“arm’s length” projects, such appointment would be a related party
transaction. The proposed related party transaction is at
arms-length.
g) in case of issuance of shares to the None
parties, details of issue price, class of
shares issued;
h) any other disclosures related to such Not Applicable
agreements, viz., details of nominee on
the board of directors of the listed
entity, potential conflict of interest
arising out of such agreements, etc.;
i) in case of termination or amendment Not Applicable
of agreement, listed entity shall
disclose additional details to the stock
exchange(s):
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.