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

Date: October 22, 2026 Na(cid:415)onal Stock Exchange of India Limited BSE Limited Lis(cid:415)ng Compliance Department Exchange Plaza, Corporate Rela(cid:415)onship Department Phiroze C-1, Block-G Bandra Kurla Complex, Bandra (E), Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-40005 Mumbai-400001 Symbol: ANANTAM BSE Scrip Code: 544579 Subject: Outcome of the mee(cid:415)ng of the Board of Directors of Alpha Alterna(cid:415)ves Fund-Infra Advisors Private Limited held on October 22, 2026 Dear Sir/Madam, In furtherance to our in(cid:415)ma(cid:415)on dated October 16, 2026 and pursuant to the applicable provisions of Securi(cid:415)es and Exchange Board of India (“SEBI”) (Infrastructure Investment Trusts) Regula(cid:415)ons, 2014, as amended from (cid:415)me to (cid:415)me, read with circulars and guidelines issued thereunder (“SEBI InvIT Regula(cid:415)ons”), we hereby inform that a mee(cid:415)ng of the Board of Directors (“Board”) of Alpha Alterna(cid:415)ves Fund-Infra Advisors Private Limited ac(cid:415)ng in the capacity of Investment Manager to Anantam Highways Trust (“Trust”) at their mee(cid:415)ng held today i.e. October 22, 2026, considered and approved, inter-alia, the following ma(cid:425)ers:- 1. Unaudited standalone and consolidated financial results of the Trust for the quarter and half year ended on September 30, 2026, along with limited review report issued by the statutory auditors of the Trust thereon, are enclosed as Annexure I; 2. Declara(cid:415)on of Distribu(cid:415)on for the quarter ended September 30, 2026, amoun(cid:415)ng to INR 2.75000 per unit to the unitholders of Trust, as per the details set out below: Par(cid:415)culars Details No. of Units 21,75,00,000 Distribu(cid:415)on per unit Distribu(cid:415)on as Interest (INR) 0.60821 Distribu(cid:415)on as Dividend (INR) 0.34940 Distribu(cid:415)on as Capital Repayment (INR) 1.78940 Distribu(cid:415)on as other income (INR) 0.00299 Total distribu(cid:415)on per unit (INR) 2.75000 Please note that Tuesday, October 27, 2026, has been fixed as the record date for the purpose of iden(cid:415)fica(cid:415)on of the Unitholders for payment of the declared distribu(cid:415)on and the payment will be made on or before Tuesday, November 03, 2026. 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 3. The Valua(cid:415)on Report dated October 22, 2026, as issued by Mr. S. Sundararaman, Independent Valuer bearing IBBI Registra(cid:415)on Number IBBI/RV/06/2018/10238, for the half year ended September 30, 2026, in accordance with the provisions of Regula(cid:415)on 21 of the SEBI InvIT Regula(cid:415)ons for Trust and its SPVs, is also enclosed as Annexure II. Further, pursuant to Regula(cid:415)on 10(21) of SEBI (InvIT) Regula(cid:415)ons, 2014 read with SEBI Master Circular vide no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, as amended from (cid:415)me to (cid:415)me read with circulars and guidelines issued thereunder, the Net Asset Value (“NAV”) of Trust as on September 30, 2026, based on the above-men(cid:415)oned Valua(cid:415)on Report issued by the Valuer is as follows: (Amount in Millions) Sr.no. Par(cid:415)culars Fair Value A. Total Assets 43,019.64 B. Total Liabili(cid:415)es 18,616.03 C. Net Assets (A-B) 24,403.61 D. No. of Units 21,75,00,000 E. NAV per unit (C/D) 112.20 4. Update on the Preferen(cid:415)al Issue and Acquisi(cid:415)on of ROFO Assets is enclosed as Annexure A to this in(cid:415)ma(cid:415)on. The mee(cid:415)ng of the Board of the Investment Manager commenced at 11:30 A.M. (IST) and concluded at 02:20 P.M. (IST). The said informa(cid:415)on 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 Alterna(cid:415)ves Fund-Infra Advisors Private Limited (ac(cid:415)ng 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 ANNEXURE A Update on Preferen(cid:415)al Issue and Acquisi(cid:415)on of ROFO Assets Further to earlier in(cid:415)ma(cid:415)ons, the Investment Manager, on behalf of Anantam Highways Trust (“Trust”) wishes to inform you that based on review of the implementa(cid:415)on (cid:415)melines and transac(cid:415)on structure for the proposed acquisi(cid:415)on of iden(cid:415)fied assets from its ROFO pipeline, the Trust has decided to defer the proposed preferen(cid:415)al allotment of units to the Sponsor and the related assets acquisi(cid:415)ons. The proposed Sponsor investment and acquisi(cid:415)on of the iden(cid:415)fied ROFO assets were approved by the Unitholders of the Trust as part of Anantam's strategy to scale its por(cid:414)olio through the acquisi(cid:415)on of high-quality, long-dura(cid:415)on road assets. As the transac(cid:415)on has progressed towards implementa(cid:415)on, the Board of Directors of Investment Manager has noted that the transac(cid:415)on should be completed in a manner that is more closely aligned with the Trust's market-based pricing framework and the interests of all unitholders. Accordingly, the proposed ROFO acquisi(cid:415)ons will be undertaken at such (cid:415)me as may be appropriate, subject to applicable regulatory requirements and receipt of requisite approvals. The Trust will make the necessary disclosures and undertake the transac(cid:415)on in accordance with the regulatory framework applicable at the relevant (cid:415)me. We wish to inform you that there is no change in the strategic ra(cid:415)onale for the proposed acquisi(cid:415)ons or the underlying ROFO pipeline. We remain commi(cid:425)ed to the Trusts strategy of building a scaled por(cid:414)olio of high-quality road assets and providing the Trust with access to a substan(cid:415)al pipeline of future acquisi(cid:415)on opportuni(cid:415)es. 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 Annexure I 2nd Floor, Kapur House, Paranjape B Scheme Road No.1, Vile Parle (E), Mumbai 400057 T: 91 22 2663 3500 www.mmchitale.com Independent Auditor’s Review Report on the Unaudited Standalone Interim Financial Information of the Anantam Highways Trust for the quarter and half year ended 30th September 2026 Pursuant to the Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended The Board of Directors of Alpha Alternatives Fund-Infra Advisors Private Limited ("AAFIAPL") (as Investment Manager of Anantam Highways Trust) 1. We have reviewed the accompanying statement of unaudited standalone interim financial information of Anantam Highways Trust (“the Trust”), which comprises unaudited Statement of Profit and Loss (Including other comprehensive income) for the quarter and half year ended 30th September, 2026, explanatory notes thereto and the additional disclosures as required in Chapter 4 of Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated 11th July, 2025 (“SEBI Master Circular”) (together referred to as the ‘Statement’) attached herewith, being submitted by Alpha Alternatives Fund-Infra Advisors Private Limited (“Investment Manager”) pursuant to the requirements of Regulation 23 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 as amended (“SEBI Regulations”), read with the SEBI Master Circ [Showing first 8,000 characters — download PDF for full document]