Capital Infra Trus has informed the Exchange regarding Disclosure of material issue

October 12, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-l, Block-G Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai-400051 Fort, Mumbai- 400001 Symbol: CAPINVIT Scrip Code: 544338 ISIN: INE0Z8Z07016, INE0Z8Z07024 Subject: Valuation Report for assets of Capital Infra Trust at the end of the quarter ended on June 30, 2026 Dear Sir/ Madam, Pursuant to applicable provisions of Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time, read with circulars and guidelines issued thereunder (“SEBI InvIT Regulations”), we hereby submit the Valuation Report of all assets of the Capital Infra Trust (“Trust”) at the end of the quarter ended on June 30, 2026, as issued by Mr. S Sundararaman, Independent Valuer having IBBI Registration Number: IBBI/RV/06/2018/10238. Further, pursuant to Regulation 10 of the SEBI InvIT Regulations, 2014, the Net Asset Value (“NAV”) per unit of Trust as on June 30, 2026, based on the above-mentioned Valuation Report issued by the Independent Valuer is Rs. 74.17 per unit as calculated below: (Amount in Rs. millions) Particulars June 30, 2026 Total Assets (A) 66,214.17 Total Liabilities (B) 29,757.18 Net Assets (A-B) (C) 36,456.98 No. of Outstanding Units (D) 49,15,51,733 NAV per Unit (Rs. per Unit) (C/D) 74.17 Kindly take the above information on your records. The above information is also available on the website of the Trust i.e. https://capitalinfratrust.com/. For Capital Infra Trust (acting through its Investment Manager, Gawar Investment Manager Private Limited) Shubham Jain Company Secretary and Compliance Officer Copy to: Trustee to the Trust Debt Security Trustee Axis Trustee Services Limited IDBI Trusteeship Services Limited Axis House, P B Marg, Worli, Mumbai, Ground Floor, Universal Insurance Building Maharashtra, India – 400025 Sir P.M. Road, Fort, Mumbai, Maharashtra – 400001 Encl: as above CAPITAL Infra Trust 0124 – 4920139 Registration no: (formerly known as National Infrastructure Trust) compliance@capitalinfratrust.com IN/InvIT/23-24/0029 Unit No. 1401 -1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector - 38, Gurugram - 122001, Haryana PrepParerepda rfeodr: for: CaCpiatapli tIanlf rInaf Trar uTsrtu (s“tth (e“ tThreu Tsrt”u)s t”) GaGwaawr Ianrv Iensvtemsetmnte Mnta Mnaagnearg Perr iPvaritvea Lteim Liitmedit e (d“t h(“et hInev Iensvtemsetmnte Mnta Mnaagnearg”e) r”) Valuation as per SEBI (Infrastructure Investment Trusts) Regulations, 2014 as amended Fair Enterprise Valuation Valuation Date: 30th June 2026 Report Date: 12th October 2026 Mr. S Sundararaman, Registered Valuer, IBBI Registration No - IBBI/RV/06/2018/10238 Email chennaissr@gmail.com Phone No: +91 97909 28047 GST No: 33AHUPS0102L1Z8 S. SUNDARARAMAN Registered Valuer Registration No - IBBI/RV/06/2018/10238 Date: 12th October 2026 Capital Infra Trust (Erstwhile National Infrastructure Trust) (acting through Axis Trustee Services Limited [in its capacity as “the Trustee” of the Trust]) Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector 38, Gurugram, Haryana -122001. Gawar Investment Manager Private Limited (acting as the Investment Manager to Capital Infra Trust) Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector 38, Gurugram, Haryana -122001. Sub: Fair Enterprise Valuation of InvIT assets as per SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended (“the SEBI InvIT Regulations”) as at 30th June 2026 Dear Sir(s)/ Madam(s), I, Mr. S. Sundararaman (“Registered Valuer” or “RV” or “I” or “My” or “Me”) bearing IBBI registration number IBBI/RV/06/2018/10238, have been appointed vide letter dated 16th July, 2026 (EL Ref. No.: RV/SSR/EL/26- 27/JN/04) as an independent valuer, as defined as per Regulation 2(zzf) of the SEBI InvIT Regulations, by Gawar Investment Manager Private Limited (“GIMPL” or “the Investment Manager”) acting as the investment manager for Capital Infra Trust (Erstwhile National Infrastructure Trust) (“the Trust” or “the InvIT” or “the CIT”), an infrastructure investment trust, registered with the Securities Exchange Board of India (“SEBI”) with effect from 7th March 2024, bearing registration number IN/InvIT/23-24/0029 and Axis Trustee Services Limited (“the Trustee”) acting on behalf of the Trust for the fair enterprise valuation of the special purpose vehicles (defined below and hereinafter together referred as “the SPVs”) of the Trust as per the requirements of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended (“SEBI InvIT Regulations”). Following Special Purpose Vehicles are held under the Trust: Sr. No. Name of the SPV Term 1 Gawar Narnaul Highway Private Limited GNHPL 2 Gawar Khajuwala Bap Highway Private Limited GKBHPL 3 Hardiya Hasanpur Highway Private Limited HHHPL 4 Gawar Rohna Jhajjar Highway Private Limited GRJHPL 5 Gawar Kiratpur Nerchowk Highway Private Limited GKNHPL 6 Gawar Rohna Sonepat Highways Private Limited GRSHPL 7 Dewas Ujjain Highway Private Limited DUHPL 8 Gawar Bangalore Highways Private Limited GBHPL 9 Gawar Nainital Highways Private Limited GNHPL II 10 JRR Highways Private Limited JRRHPL 11 Hasanpur Bakhtiyarpur Highway Private Limited HBHPL 12 Korba Highway Private Limited KHPL (Hereinafter all the twelve companies mentioned above are together referred to as “the SPVs”) These SPVs were acquired by the Trust and are to be valued as per Regulation 21(5) contained in the Chapter V of the SEBI InvIT Regulations. As per Regulation 21(5) of Chapter V of the SEBI InvIT Regulations: "A half yearly valuation of the assets of the InvIT shall be conducted by the valuer for the half-year ending September 30th for a publicly offered InvIT for incorporating any key changes in the previous six months and such half yearly valuation report shall be submitted by the Investment Manager to the designated stock exchanges(s) along with the quarterly financial results for quarter ending 30th September. If the consolidated borrowings and deferred payments of an InvIT, in terms of regulation 20 of these regulations, exceeds forty nine per cent.; a quarterly valuation of the assets of InvIT shall be conducted by the valuer as at the end of the quarters ending June, September and December for incorporating any key changes from the previous quarter and such quarterly valuation report shall be submitted by the investment manager to the designated stock exchange(s) along with the quarterly financial results of the corresponding quarter. ” Capital Infra Trust (Erstwhile National Infrastructure Trust) Gawar Investment Manager Private Limited Fair Enterprise Valuation of SPVs 30th June 2026 Page 2 of 116 S. SUNDARARAMAN Registered Valuer Registration No - IBBI/RV/06/2018/10238 I understand from the Investment Manager that Net Debt to AUM of Capital Infra Trust as at 31st March 2026 was 40.9%. Further, the Investment Manager has informed me that a valuation report is required in connection with the proposed Qualified Institutional Placement (“QIP”). In this regard, the Investment Manager and the Trustee intends to undertake the fair enterprise valuation of the SPVs as on 30th June 2026 (“Valuation Date”) for the purpose of the proposed Qualified Institutional Placement ("QIP"). This valuation report has been prepared solely for the aforesaid purpose and shall not be used or relied upon for any other purpose. Enterprise Value (“EV”) is described as the total value of the equity in a business plus the value of its debt and debt related liabilities, minus any Cash and Cash Equivalents to meet those liabilities. The attached Report details the valuation methodologies used, calculations performed and the conclusion reached with respect to this valuation. I was further requested by the Investment Manager to provide the adjusted enterprise value of the SPVs as at 30th June 2026, where [Showing first 8,000 characters — download PDF for full document]