Anantam Highways Trust has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q2 FY 2026-27

Date: October 20, 2026 National Stock Exchange of India Limited BSE Limited Listing Compliance Department Exchange Corporate Relationship Department Plaza, C-1, Block-G Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Bandra (E), Mumbai-40005 BSE Scrip Code: 544579 Symbol: ANANTAM Subject: Compliance Report on Corporate Governance of Anantam Highways Trust for the quarter ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 26K of Securities and Exchange Board of India (Infrastructure Investment Trust) Regulations, 2014 (“SEBI InvIT Regulations”) read with SEBI Master Circular No. SEBI/HO/DDHS-PoD- 2/P/CIR/2025/102 dated July 11, 2025, we hereby submit the Compliance Report on Corporate Governance of Anantam Highways Trust (“Trust”) for the quarter ended September 30, 2026. The said information is also being uploaded on the website of the Trust at www.anantamhighways.com. You are requested to kindly take the same on record. Yours faithfully, For and on behalf of Alpha Alternatives Fund-Infra Advisors Private Limited (acting as Investment Manager to Anantam Highways Trust) Chandra Kant Sharma Company Secretary & Compliance Officer Membership No. F8322 Axis Trustee Services Limited (Trustee) Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025. Alpha Alternatives Fund-Infra Advisors Private Limited (CIN: U70200MH2024PTC418826) A: 33rd Floor, Sunshine Tower, Senapati Bapat Marg, Dadar West, Mumbai 400 013 B: +91-22-6145-8900 | E: info@anantamhighways.com Name of InvIT Anantam Highways Trust Name of the Investment manager Alpha Alternatives Fund-Infra Advisors Private Limited Quarter ending September 30, 2026 ISIN INE1UA823019 BSE Scrip code/Name 544579 / ANANTAM I. Composition of Board of Directors of the Investment Manager Number of memberships in Number of posts of No. of No of Independent Audit / Stakeholder Chairperson in Audit / directorships in all directorships in all Committee(s) in all Stakeholder Committee(s) Managers / Managers / Category Managers / Investment in all Managers / Title Initial Investment Investment Name (Chairperson Date of Date of Tenure (in Managers of REIT / InvIT Investment Managers of (Mr. of the Director PAN & DIN5 / Non-Independent / Date of Reappointment Cessation Months) 1 Managers of REIT Managers of REIT / and listed entities, REIT / InvIT and listed /Ms.) Appointment / InvIT and listed InvIT and listed Independent / Nominee) including this Investment entities, including this entities, including entities, including Manager Investment Manager this Investment this Investment (Refer Regulation 26G of (Refer Regulation 26G of Manager 3 Manager InvIT Regulations) 2 3 InvIT Regulations) 2 3 01587849 Whole-time Director & Mr. Jignesh Ramesh Shah AAVPS6187R February 08, 2024 February 14, 2024 - NA 1 0 2 0 Chief Executive Officer4 00012523 Non-Independent Mr. Naresh Lakshman Singh Kothari February 08, 2024 NA - NA 3 0 0 0 AALPK7561R Director 00011958 Non-Independent Mr. Abhishek Dalmia February 14, 2024 NA - NA 4 0 1 0 AADPD6742K Director 00396838 Mr. Vijay Chhibber Independent Director February 14, 2024 NA - 31.17 3 3 3 1 AAGPC8191G 07225354 Mr. Radhakrishna Nair Independent Director February 14, 2024 NA - 31.17 3 3 5 2 ADKPN1180B 09118876 Ms. Shubhada Manohar Rao Independent Director February 14, 2024 NA - 31.17 1 1 2 1 AADPG3308G Whether Regular Chairperson appointed No Whether Chairperson is related to managing director or CEO No Notes: NA - Not Applicable 1 Any number after the decimal shall be read as that many days, for eg- 31.17 shall be read as 31 Months and 17 days; 2 Membership/Chairmanship for the Directors has been considered as on September 30, 2026; 3 Directorships includes debt listed companies and Membership/Chairmanship includes public limited companies and excludes Debt Listed Companies; 4 Mr. Jignesh Ramesh Shah was appointed as a Director on February 08, 2024 and was further appointed as a whole-time Director w.e.f February 14, 2024 and was further designated as Chief Executive Officer w.e.f. August 26, 2025; and 5 In terms of the SEBI Master Circular issued by SEBI bearing reference no. SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, PAN of any Director would not be displayed on the stock exchange website. Hence, details w.r.t. PAN of the Directors have not been included in this Report and has been emailed separately to the stock exchange on the designated email ID. II. Composition of Committees Name of Committee Whether Regular Name of Committee Category (Chairperson /Non-Independent Date of Date of chairperson members /Independent /Nominee) Appointment Cessation appointed Mr. Radhakrishna Nair Chairperson - Independent Director March 08, 2025 - Audit Committee Yes Mr. Vijay Chhibber Member - Independent Director March 08, 2025 - Mr. Jignesh Shah Member - Whole-time Director & CEO March 08, 2025 - Nomination & Mr. Vijay Chhibber Chairperson - Independent Director March 08, 2025 - Remuneration Yes Mr. Radhakrishna Nair Member - Independent Director March 08, 2025 - Committee Ms. Shubhada Rao Member - Independent Director March 08, 2025 - Mr. Abhishek Dalmia Chairperson - Non-Independent Director March 08, 2025 - Risk Management Yes Ms. Shubhada Rao Member - Independent Director March 08, 2025 - Committee Mr. Naresh Kothari Member - Non- Independent Director March 08, 2025 - Stakeholders Ms. Shubhada Rao Chairperson - Independent Director March 08, 2025 - Relationship Yes Mr. Jignesh Shah Member - Whole-time Director & CEO March 08, 2025 - Committee Mr. Abhishek Dalmia Member - Non-Independent Director March 08, 2025 - Mr. Naresh Kothari Chairperson - Non-Independent Director March 08, 2025 - InvIT Committee Yes Mr. Jignesh Shah Member - Whole-time Director & CEO March 08, 2025 - III. Meetings of Board of Directors Date(s) of Meeting (if Date(s) of Meeting (if Whether Number of Number of Maximum gap between any any) in the previous any) in the relevant requirement Directors independent two consecutive meetings quarter quarter of present directors present (in number of days) Quorum met 19-May-26 - Yes 6 3 - - 11-Aug-26 Yes 6 3 83 IV. Meetings of Committees Number of Date(s) of meeting of the Whether requirement Number of Date(s) of meeting Maximum gap between any independent committee in the of quorum met Directors of the committee in two consecutive meetings (in directors relevant quarter (details) present the previous quarter number of days) present 1. Audit Committee - - - - 19-May-26 - 11-Aug-26 Yes 3 2 - 83 2. Nomination & Remuneration Committee - - - - 19-May-26 - 11-Aug-26 Yes 3 3 - 83 3. Risk Management Committee - - - - - - 11-Aug-26 Yes 3 1 - - 4. Stakeholders Relationship Committee - - - - - - - - - - - - 5. InvIT Committee - - - - 05-May-26 - - - - - - - V. Affirmations 1. The composition of Board of Directors is in terms of SEBI (Infrastructure Investment Trusts) Regulations, 2014 2. The composition of the following committees is in terms of SEBI (Infrastructure Investment Trusts) Regulations, 2014 a. Audit Committee Yes b. Nomination & Remuneration Committee Yes c. Stakeholders Relationship Committee Yes d. Risk Management Committee Yes 3. The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Infrastructure Investment Trusts) Regulations, 2014. 4. The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Infrastructure Investment Trusts) Regulations, 2014. 5. This report and/or the report submitted in the previous quarter has been placed before Board of Directors of the investment manager. Any comments/observations/advice of the board of directors Yes1 may be mentioned here. Note: 1. The Report for the quarter ended September 30, 2026 shall be placed before the Board of Directors of the Investment Manager in the ensuing Board Meeting and the Report for the previous quar [Showing first 8,000 characters — download PDF for full document]