IRB Invit Fund has informed the Exchange regarding Disclosure of material issue

Page Report to the Unitholders 1) Investment Manager's brief report of activities of the Trust and summary of the unaudited consolidated 5 financial statements for the period of the Trust. 2) Brief details of all the assets of the Trust, project-wise 5 3) Details of revenue during the period, project-wise from the underlying projects 6 4) Details regarding the monies lent by the InvIT to the holding company or the special purpose vehicle in 6 which it has investment. 5) Brief summary of the valuation as per full valuation report as at the end of the period 6 6) Any information or report pertaining to the specific sector or sub-sector that may be relevant for an investor 8 to invest in units of the Trust 7) Details of changes during the period pertaining to: 8 8) Revenue of the Trust for the last 5 years, project-wise 23 9) Update on development of under-construction projects, if any 23 10) Details of outstanding borrowings and deferred payments of the Trust including any credit rating(s), debt 23 maturity profile, gearing ratios of the Trust on a consolidated and standalone basis as at the end of the period 11) The total operating expenses of the Trust along with detailed break-up, including all fees and charges paid 23 to the Investment Manager and any other parties, if any during the period 12) Past performance of the Trust with respect to unit price, distributions made and yield for the last 5 years, as 23 applicable. 13) Unit price quoted on the exchange at the beginning and end of the period, the highest and lowest unit price 25 and the average daily volume traded during the period: 14) Details of all related party transactions during the period, value of which exceeds five per cent of value of 26 the Trust assets 15) Details of issue and buyback of units during the period, if any 26 16) Brief details of material and price sensitive information 26 17) Brief details of material litigations and regulatory actions, which are pending, against the Trust, sponsor(s), 30 Investment Manager, Project Manager(s), or any of their associates sponsor group(s) and the Trustee if any, as at the end of the period 18) Risk factors 30 19) Contact Persons of the Trust 30 20) Financial statements of the Trust for the half year (Standalone and consolidated) 30 21) Updated valuation report by the valuer taking into account any material developments during the previous 31 half-year 22) Any other material events during the half- year 31 23) Details of utilisation of funds raised through Institutional Placement and Preferential Issue of Units 31 Annexures A Standalone and Consolidated Financial Statements of the Trust 32 B Project wise brief details of all the assets of the Trust 92 C Details of Project-wise Gross Toll revenue 94 D Details regarding the monies lent by the InvIT to the holding company or the special purpose vehicle in 96 which it has investment E Valuation report of InvIT assets as on September 30, 2026 issued by the Valuer 97 F Details of outstanding borrowings and deferred payments of the Trust 730 G The total operating expenses of the Trust along with detailed break-up 732 H Brief details of material litigations and regulatory actions 733 I Risk factors 763 Report for the half year ended September 30, 2026 The Unitholders, IRB InvIT Fund We, IRB Infrastructure Private Limited, Investment Manager of IRB InvIT Fund (the Trust) pursuant to Regulation 23 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended, read with Part-B of Schedule IV thereto and the SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, hereby submit the Report for the half year ended September 30, 2026, to the Unitholders of the Trust together with Financial Statements and Valuation Report for the half year ended September 30, 2026. 1) Investment Manager's brief report of activities of the Trust and summary of the unaudited consolidated financial statements for the period of the Trust. IRB InvIT Fund (the “Trust” or “InvIT”) is settled by IRB Infrastructure Developers Limited (the “Sponsor”) pursuant to the Indenture of Trust in Mumbai, India, as an irrevocable Trust in accordance with the Indian Trusts Act, 1882. The Trust has been registered with SEBI as an Infrastructure Investment Trust under Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (the “InvIT Regulations”) as amended from time to time (Registration Number: IN/InvIT/15-16/0001). The Trust’s primary objective is to carry on the activity of an infrastructure investment trust under the InvIT Regulations, to raise resources in accordance with the InvIT Regulations, including mobilizing funds through permitted avenues and investing in infrastructure assets in accordance with its investment strategy. The Trust is set up to own, operate and maintain a portfolio of eleven revenue generating highway assets that includes nine BOT assets and two HAM assets, with 5,314 lane KMs and Enterprise Value of approx. Rs. 229,000 Million, in the state(s) of Maharashtra, Gujarat, Rajasthan, Karnataka, Punjab, Haryana and Uttar Pradesh. These road assets are operated and maintained pursuant to concessions granted by the National Highways Authority of India (NHAI). The Trust is listed on both the Stock exchanges i.e. National Stock Exchange of India Limited and BSE Limited since May 18, 2017. The Summary of half yearly financial information includes the Standalone and Consolidated Financial Statements of the Trust which are annexed herewith as “Annexure A”. 2) Brief details of all the assets of the Trust, project-wise Project wise brief details of all the assets of the Trust are annexed herewith as “Annexure B”. 3) Details of revenue during the period, project-wise from the underlying projects Details of Project wise revenue from the underlying assets are annexed herewith as “Annexure C”. 4) Details regarding the monies lent by the InvIT to the holding company or the special purpose vehicle in which it has investment. Details regarding the monies lent by the InvIT to the holding company or the special purpose vehicle in which it has investment is annexed herewith as “Annexure D”. 5) Brief summary of the valuation as per full valuation report as at the end of the period In line with the Securities and Exchange Board of India (Infrastructure Investment Trusts), Regulations, 2014 (‘InvIT Regulations’), InvIT got the valuation done for its assets through an independent valuer, M/s KPMG Valuation Services LLP having IBBI Registration No. IBBI/RV-E/06/2020/115. The Valuer carried out the Enterprise and Equity Valuation of the eleven SPVs of InvIT as of September 30, 2026, which are stated as under: Sr. No. Name of the Entity Type of Project 1. IRB Jaipur Deoli Tollway Limited BOT 2. IRB Pathankot Amritsar Toll Road Limited BOT 3. IRB Talegaon Amravati Tollway Limited BOT 4. IRB Tumkur Chitradurga Tollway Limited BOT 5. VK1 Expressway Limited HAM 6. IRB Hapur Moradabad Tollway Limited BOT 7. Kishangarh Gulabpura Tollway Limited BOT 8. Kaithal Tollway Limited (KTL) BOT 9. VM7 Expressway Private Limited (VM7) HAM 10. Solapur Yedeshi Tollway Limited BOT 11. CG Tollway Limited BOT BOT – Built Operate and Transfer HAM – Hybrid Annuity model For valuation purposes, the Valuer adopted the Discounted Cash Flow(‘DCF’) Method under the Income Approach. Under a DCF approach, forecast cash flows are discounted back to the present date, generating a net present value for the cash flow stream of the business. A terminal value at the end of the explicit forecast period is then determined and that value is also discounted back to the valuation date to give an overall value for the business. Valuation report of InvIT assets as on September 30, 2026 issued by Valuer is annexed herewith as “Annexure E”. Name of the Entity Enterprise value WACC (INR Crores) IRB Jaipur Deoli Tollway Limited 2,177 9.4% IRB Pathankot Amritsar Toll Road Limited [Showing first 8,000 characters — download PDF for full document]