BSEGeneral28 Oct 2026 · 28 Oct 2026, 12:53 pm
Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
IndiGrid Infrastructure Trust · 540565
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IndiGrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue related to the successful achievement of Commercial Operation Date (COD) on October 27, 2026, for its Rajasthan BESS Private Limited project, a 250 MW / 500 MWh Standalone Battery Energy Storage System in Rajasthan, with an annual revenue of over INR 71 Crore and a concession tenure of 12 years.
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Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
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Liquidity Impact9/10
Market Sentiment8/10
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IndiGrid Infrastructure Trust - 540565 - Reg 23(5)(i): Disclosure of material issue
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INDIGRID INVESTMENT MANAGERS LIMITED
Date: October 28, 2026
B S E Limited National Stock Exchange of India Ltd
Department of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, C/1, Block G, Bandra-Kurla
Dalal Street, Mumbai — 400 001 Complex, Bandra (East), Mumbai — 400 051
Security Code- 540565 Symbol- INDIGRID
Sub: Updates on Rajasthan BESS Private Limited
Dear Sir/ Madam,
Pursuant to Regulation 23 and/ or any other applicable provisions of the Securities and Exchange Board of India
(Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with applicable circulars
and guidelines issued thereunder (“InvIT Regulations”), other applicable laws and regulations, we hereby inform
you that Rajasthan BESS Private Limited ("RBPL"), a special purpose vehicle of IndiGrid Infrastructure Trust, has
successfully achieved Commercial Operation Date ("COD") on October 27, 2026. RBPL project involves setting up
of a 250 MW / 500 MWh Standalone Battery Energy Storage System in Rajasthan. The project is under Build Own
Operate (“BOO”) model and shall have an annual revenue of over INR 71 Crore with a concession tenure of 12
years.
RBPL has been developed in partnership with British International Investment Plc. (“BII”) and KNI India AS (“KNI”),
a joint investment vehicle of Norfund and KLP. BII and KNI presently hold minority stakes in RBPL. Following the
achievement of COD, IndiGrid Infrastructure Trust shall provide an exit to BII and KNI in accordance with the terms
of the Share Purchase Agreement and the InvIT Regulations, and the same shall be intimated to the stock exchanges
in due course.
You are requested to take the same on your record.
Yours sincerely,
For and on behalf of IndiGrid Investment Managers Limited
Representing IndiGrid Infrastructure Trust as its Investment Manager
Urmil Shah
Company Secretary & Compliance Officer
ACS-23423
Axis Trustee Services Limited
The Ruby, 2nd Floor, SW 29 Senapati Bapat Marg
Dadar West, Mumbai 400 028 Maharashtra, India
IndiGrid Investment Managers Limited
Registered & Corporate Office: Unit No. 101, First Floor, Windsor, Village KoleKalyan, off CST Road, Vidyanagari Marg, Kalina,
Santacruz (East), Mumbai – 400 098, Maharashtra, India CIN: U28113MH2010PLC308857
Ph: +91 72084 93885 | Email: complianceofficer@indigrid.com | www.indigrid.co.in