IRB Invit Fund has informed the Exchange regarding Half-Yearly Full Valuation report for assets for FY ended 2026-27

October 29, 2026 Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G Dalal Street, Mumbai 400 001 Bandra Kurla Complex, Bandra (E), Mumbai 400 051 Dear Sir / Madam, Ref.: Scrip Code: 540526, Symbol: IRBINVIT Sub.: Valuation Report as on September 30, 2026 Please find enclosed the Valuation Report dated October 29, 2026, issued by KPMG Valuation Services LLP (IBBI Reg. No. IBBI/RV-E/06/2020/115) as on September 30, 2026. We are also enclosing herewith the traffic reports issued by GMD Consultants, Technical Consultant, for Project SPVs. Based on the aforesaid Valuation Report issued by the Valuer, the Net Asset Value pursuant to Regulation 10 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 is as follows: Statement of Net Assets at Fair Value as at September 30, 2026: Sr. No. Particulars Amount in millions A Assets 2,41,112.76 B Liabilities 1,16,375.28 C Net Assets 1,24,737.48 Outstanding units 1,653.06 NAV at Fair value per Unit (INR) 75.46 You are requested to take note of the same. Thanking you. Yours faithfully, For IRB Infrastructure Private Limited (Investment Manager to IRB InvIT Fund) Swapna Arya Company Secretary & Compliance Officer Encl.: As above IDBI Trusteeship Services Limited Ground Floor, Universal Insurance Bldg, Sir Phirozshah Mehta Rd., Fort Mumbai 400 001 IRB InvIT Fund Valuation of IRB InvIT Fund and its SPVs Valuation Report October 2026 KPMG Valuation Services LLP 2nd Floor, Block T2 (B Wing), Lodha Excelus Apollo Mills Compound N.M. Joshi Marg, Mahalakshmi Mumbai – 400 011, India Telephone: +91 22 3989 6000 Strictly private and confidential 29 October 2026 The Valuation Report is issued by us on the express understanding that it shall not be copied, disclosed or circulated or referred to in correspondence or in discussion with any third party or used IRB InvIT Fund IRB Infrastructure Private Limited for any other purpose without KVSL’s prior written consent. We are aware that the Report may have (IDBI Trusteeship Services Limited acting on behalf to be shared with certain regulatory authorities in India and stock exchanges in India and therefore of IRB InvIT Fund) Report may enter the public domain and hereby provide our consent to such sharing. It is clarified IRB Complex, 3rd Floor, IRB Complex, that reference to this Valuation Report in any document and/ or filing with aforementioned regulatory Chandivali Farm, Chandivali Village, Chandivali Farm, Chandivali Village, authorities/ stock exchanges in India, shall not be deemed to be an acceptance by the Valuer of any Andheri (East), Mumbai 400 072, Andheri (East), Mumbai 400 072, responsibility or liability to any person/ party other than the Client. India India We will not, pursuant to the LoE, perform any management functions for You, nor make any Dear Sir, decisions. You are responsible for making management decisions, including accepting responsibility for the results. Additionally, the Clients are responsible for designating a management-level Valuation Report (“Valuation Report”) individual or individuals responsible for overseeing the services provided, evaluating the adequacy This is in accordance with the terms of reference set out in our Letter of Engagement dated 27 October of the services provided, evaluating any findings or recommendations, establishing and maintaining 2026 (“LoE”), wherein KPMG Valuation Services LLP (Registered valuer entity under Companies internal controls, and monitoring ongoing activities. (Registered Valuers and Valuation) Rules, 2017 having IBBI Registration No. IBBI/RV-E/06/2020/115) The Valuation Report does not constitute an offer or invitation to any section of the public to (hereinafter referred to as the “KVSL ” or “Us” or “We”) has been appointed by IRB InvIT Fund (“the subscribe for or purchase any securities in, or the other business or assets or liabilities of the Client”, or “IRB InvIT Fund”, or “the Trust” or “You”) in relation to carrying out Enterprise Valuation of 11 Targets or Client. This letter forms an integral part of the Valuation Report and should be read in Special Purpose Vehicles (“SPVs”) of IRB InvIT Fund and Equity Valuation of IRB InvIT Fund (jointly conjunction with the Valuation Report enclosed herein. referred as “Targets”) as on the agreed date of the valuation in accordance with Regulation 21 of the Securities Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (“SEBI InvIT The Valuation Report has been prepared by KPMG Valuation Services LLP (IBBI Registration No. Regulations”) where valuation is required to be conducted by a registered valuer (as defined under IBBI/RV-E/06/2020/115) solely for the purpose as stated above. The Valuation Report forms an section 247 of the Companies Act, 2013) and such valuation report (“Report”) is required to be in integral whole and cannot be split into parts. The outcome of the valuation can only lead to proper compliance with the SEBI InvIT Regulations (“Engagement”). The date for the valuation is 30 conclusions if the Valuation Report as a whole is taken into account. September 2026 (“Valuation Date”). Yours faithfully We hereby enclose our Valuation Report dated 29 October 2026. This is our deliverable and sets out For KPMG Valuation Services LLP KVSL’s conclusions on the valuation of the Targets and has been prepared in accordance with the LoE LLP Identification Number – AAP-2732 as of Valuation Date. Registered Valuer Entity under Companies (Registered Valuers and Valuation) Rules, 2017 IBBI Registration No. IBBI/RV-E//06/2020/115 The report is based on the information provided to KVSL by the management of the Targets (“Management”). As detailed in the enclosed Valuation Report, the NAV at fair value per unit of IRB Asset Class: Securities or Financial Assets InvIT Fund is INR 75.46 per unit as on 30 September 2026. The Valuation Report is confidential to the Client and will be used by the Client only for the purpose, as indicated in this Report, for which we have been appointed. The results of our valuation analysis and our Report cannot be used or relied by the Client for any other purpose or by any other party for any Amit Jain, Partner other purpose whatsoever. IBBI Registered Valuer No- IBBI/RV/06/2018/10501 ©2026 KPMG Valuation Services LLP, an Indian limited liability partnership firm and a member firm of the KPMG global organization of Document Classification: KPMG Confidential 2 independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Glossary % Percentage IDAA IDAA Infrastructure Limited n.m. No Meaningful Figure A Actual IMF International Monetary Fund NA Not applicable Adj. Adjusted INR Indian Rupee NAV Net Asset Value B Budgeted InvIT Investment Trust NHAI National Highway Authority of India bn Billion IHMTL IRB Hapur Moradabad Tollway Limited NWC Net Working Capital CAGR Compounded Annual Growth Rate IRB InvIT IRB Infrastructure Trust O&M Operation and Maintenance Capex Capital Expenditure IRBIDL IRB Infrastructure Developers Limited PAT Profit After Tax CGTL CG Tollway Limited IRBJD IRB Jaipur Deoli Tollway Limited PBT Profit Before Tax IRBPA IRB Pathankot Amritsar Toll road Limited CoCo Comparable Companies PIB Press Information Bureau IRBSD IRB Surat Dahisar Tollway Limited COD Commercial operation date PV Present Value IRBTA IRB Talegaon Amravati Tollway Limited CoTrans Comparable Transactions R(f) Risk free rate of Return IRBTC IRB Tumkur Chitradurga Tollway Limited Cr Crore R(m) Market rate of Return Kd Cost of Debt CWIP Capital Work In Progress Rf Risk-free Rate Ke Cost of Equity BOT Build, Operate and Transfer SEBI Securities and Exchange Board of India KGTL Kishangarh Gulabpura Tollway Limited DCF Discounted Cash Flow SPV Special Purpose Vehicle Km Kilometer EBIT Earnings Before Interest and Tax SYTL Solapur Yedes [Showing first 8,000 characters — download PDF for full document]