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 Corporate Rela(cid:415)onship Department Plaza, C-1, Block-G Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Bandra (E), Mumbai-40005 Street, Fort, Mumbai-400001 Symbol: ANANTAM BSE Scrip Code: 544579 Subject: Half-Yearly Report of Anantam Highways Trust (“Trust”) for the half year ended September 30, 2026 Dear Sir/Madam, Pursuant to the provisions of regula(cid:415)on 23 and all other applicable regula(cid:415)ons of the Securi(cid:415)es and Exchange Board of India (Infrastructure Investment Trusts) Regula(cid:415)ons, 2014, as amended from (cid:415)me to (cid:415)me, read with the SEBI Master Circular No. SEBI/HO/DDHS-PoD- 2/P/CIR/2025/102 dated July 11, 2025 ("SEBI InvIT Regula(cid:415)ons"), we hereby submit the Half- Yearly Report of the Trust for the half year ended September 30, 2026 (“Half Yearly Report”). The Half-Yearly Report of the Trust is enclosed as Annexure A. 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 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 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 HALF-YEARLY REPORT ANANTAM HIGHWAYS TRUST SPETEMBER 30, 2026 INVESTMENT MANAGER’S BRIEF REPORT ON THE ACTIVITIES OF ANANTAM HIGHWAYS TRUST (“Trust”) INVESTMENT MANAGER OF THE TRUST We, Alpha Alternafives Fund-Infra Advisors Private Limited (“Investment Manager” or “IM”) were appointed as the Investment Manager of the Anantam Highways Trust (“Trust”). pursuant to the provisions of the Securifies and Exchange Board of India (Infrastructure Investment Trusts) Regulafions, 2014, as amended (“SEBI InvIT Regulafions”) and the Investment Management Agreement dated July 25, 2024, as amended from fime to fime, hereby submit our report for the half year ended September 30, 2026. The Investment Manager was incorporated in India as a private limited company on February 08, 2024, under the Companies Act, 2013 (“Act”) with corporate idenfificafion number U70200MH2024PTC418826. The Investment Manager’s registered office is situated at 33rd floor, Sunshine Tower, Senapafi Bapat Marg, Dadar West, Mumbai 400 013. The Investment Manager is appointed to manage and oversee the overall acfivifies of the Trust including its assets and investments, with the power to exercise rights in respect of the SPVs overseeing the acfivifies of the Project Manager, and to prudently achieve objecfives of the Trust. Board of Directors of Investment Manager The Board of Directors of Investment Manager comprises of 6 (six) Directors out of which 50% of the Directors are Independent, including one Woman Independent Director and such Directors are not Directors or Members of the Governing Board of any other Investment Manager of an Infrastructure Investment Trust. The composifion of Board of Directors of Investment Manager is in compliance with SEBI InvIT Regulafions and Companies Act, 2013 (“Act”). The Investment Manager has also received the declarafion/affirmafion from the Independent Directors confirming that they meet the criteria of independence as required under the Act and InvIT Regulafions. The composifion of the Board of Directors of the Investment Manager as on September 30, 2026 is as follows: Sr. Name of the Director Designation 1 Mr. Jignesh Shah Whole-Time Director & Chief Executive Officer 2 Mr. Naresh Kothari Non-Executive Director 3 Mr. Abhishek Dalmia Non-Executive Director 4 Mr. Vijay Chhibber Non-Executive, Independent Director 5 Mr. Radhakrishna Nair Non-Executive, Independent Director 6 Ms. Shubhada Rao Non-Executive, Independent Director As on September 30, 2026, following were the Key Managerial Personnels (“KMPs”) of IM: Sr. Name of the KMP Designation 1 Mr. Jignesh Shah Whole-Time Director & Chief Executive Officer 2 Mr. Chandra Kant Sharma Company Secretary & Compliance Officer 3 Mr. Shubhanan Giri Chief Financial Officer The changes in Board of Directors and KMPs of the Investment Manager during the half year ended September 30, 2026 are as under: 1. Mr. Shubhanan Giri was appointed as Chief Financial Officer w.e.f. August 11, 2026. Board Commiftees Pursuant to provisions of SEBI InvIT Regulafions, the Board of Investment Manager has consfituted following commiftees. The brief summary of composifion of commiftees is provided below: 1. Audit Commiftee 2. Nominafion & Remunerafion Commiftee 3. Risk Management Commiftee 4. Stakeholder Relafionship Commiftee 5. InvIT Commiftee The terms of reference of commiftees i.e. Audit Commiftee, Nominafion and Remunerafion Commiftee, Stakeholders Relafionship Commiftee and Risk Management Commiftee are in accordance with SEBI InvIT Regulafions and SEBI (Lisfing Obligafions and Disclosure Requirements) Regulafions, 2015 (“SEBI Lisfing Regulafions”) as may be applicable. 1. Audit Commiftee Composifion The Audit Commiftee (“AC”) of the Board of Directors of Investment Manager was consfituted on March 08, 2025 in compliance with the provisions of Regulafion 26G of SEBI InvIT Regulafions read with Regulafion 18 of SEBI Lisfing Regulafions. The composifion, quorum and terms of reference of the ACare in accordance with Regulafion 18 read with Part C of Schedule II of the SEBI Lisfing Regulafions. The terms of reference of AC, inter alia, includes review of financial statements and auditor's report thereon before submission to the Board for approval; approval and review of related party transacfions, recommend appointment, remunerafion and terms of appointment of auditors; reviewing and monitoring the auditor’s independence and performance, and effecfiveness of audit process; approval of payment to statutory auditor for other services; evaluafion of internal financial controls; and review of vigil mechanism. The composifion of AC as on September 30, 2026, is as follows: Sl. Name of the Members Designation Position Held 1 Mr. Radhakrishna Nair Non-Executive, Independent Director Chairperson 2 Mr. Vijay Chhibber Non-Executive, Independent Director Member 3 Mr. Jignesh Shah Whole Time Director & Chief Executive Member Officer Meefing of AC During the half year ended September 30, 2026, the AC met twice i.e. on May 19, 2026 and August 11, 2026. 2. Nominafion & Remunerafion Commiftee Composifion The Nominafion and Remunerafion Commiftee (“NRC”) of the Board of Directors of Investment Manager was consfituted on March 08, 2025, in compliance with the provisions of Regulafion 26G of SEBI InvIT Regulafions read with Regulafion 18 of SEBI Lisfing Regulafions. The composifion, quorum, terms of reference of NRC are in accordance with Regulafion 19 read with Part D of Schedule II of the SEBI Lisfing Regulafions. The terms of reference of NRC, inter-alia, includes formulafion of the criteria for determining qualificafions, posifive aftributes and independence of a Director and recommend to the Board a policy relafing to, the remunerafion of the Directors, Key Managerial Personnel, Senior Management and other employees; idenfifying persons who are qualified to become Directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the [Showing first 8,000 characters — download PDF for full document]