Indus Infra Trust has informed the Exchange regarding Disclosure of material issue

3rd November 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C‐1, Block G Dalal Street, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai - 400051 Scrip Code: 544137 Symbol: INDUSINVIT Subject: Half Yearly Report of the Indus Infra Trust Dear Ma’am / Sir, Pursuant to the provisions of Regulation 23(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with circulars and guidelines issued thereunder from time to time (“SEBI InvIT Regulations”), as amended, please find enclosed Half Yearly Report of Indus Infra Trust for the Half Year ended 30th September 2026. The Half Yearly Report is also being made available on the website of the Trust at: https://www.indusinvit.com/investor-information.html You are requested to take the above information on your record. Thanking you, Yours sincerely, For Indus Infra Trust (formerly Bharat Highways InvIT) Acting through its Investment Manager GR Highways Investment Manager Private Limited Mohnish Dutta Company Secretary & Compliance Officer ICSI M. No. FCS 10411 IDBI Trusteeship Services limited Ground Floor, Universal Insurance Building Sir P.M. Road, Fort, Mumbai, Maharashtra – 400001 Encl: as above Gurugram Of fice: Mumbai Office: SEBI Registration No: In/InvIT/22-23/0023 Seventh Floor, GR One Tower, Plot No. 7B, Unit No. 1111, Eleventh Floor, A Wing, INS Contact No.: +91 22 46611018, +91 124 6435000 Sector – 18, Gurugram, Haryana - 122015 Tower, G Block, BKC, Bandra East, Email: cs@indusinvit.com Mumbai, Maharashtra, - 400051 Website: www.indusinvit.com Half Yearly Report for the Half Year ended 30th September 2026 INVESTMENT MANAGER'S BRIEF REPORT (for the Half Year ended 30th September 2026) ABOUT INDUS INFRA TRUST Indus Infra Trust (“Indus” / “InvIT” / “Trust”) is settled by G R Infraprojects Limited, the Settlor, as an irrevocable trust and its Trust Deed dated 16th June 2022 was registered under the provisions of the Indian Trusts Act, 1882 in Gurugram and was registered as an Infrastructure Investment Trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (“SEBI InvIT Regulations”) on 3rd August 2022. The Trust’s principal investment objective is to carry on the activities of an Infrastructure Investment Trust as permissible under the SEBI InvIT Regulations. The InvIT is permitted to raise funds, make investments, make distributions to the Unitholders, and do all other things necessary and conducive to the attainment of InvIT objectives. Indus Infra Trust is operating in road sector having all assets on Hybrid Annuity Mode and fourth publicly listed InvIT having AUM of ~INR 1,28,618 Million as on 30th September 2026. During the half year under review, the Trust acquired four new assets viz. KNR Palani Infra Private Limited, KNR Ramagiri Infra Private Limited, ULCCS Kasaragod Expressway Private Limited and KNR Guruvayur Infra Private Limited. GR Highways Investment Manager Private Limited is the Investment Manager of Indus Infra Trust and is responsible to manage the assets and investments of the Trust as outlined in the Investment Management Agreement and SEBI InvIT Regulations. Additionally, the Investment Manager makes investment decisions with respect to the Trust. The Investment Manager also handles the dissemination of statutory and material information and addresses Unitholders' grievances. The Investment Manager is committed to good corporate governance practices and has adopted various policies to ensure sustainable business growth, promoted a proactive approach in reporting and set the philosophy and principles for compliance. Further, to carry on the business of the Trust in an ethical manner, the Investment Manager has formulated a Code of Conduct for its Board of Directors and the Senior Management which aims to enhance an ethical transparent process in managing the affairs of the InvIT and the Investment Manager. FINANCIAL PERFORMANCE The Summary of the Standalone and Consolidated Audited Financial Statements of the Trust for the Half Year ended 30th September 2026, is provided below: (Rs. In Million) Standalone Consolidated Particulars 30-09-2026 30-09-2025 30-09-2026 30-09-2025 Revenue From Operations 5,495.82 3,742.87 7,189.49 3,098.22 Other Income 1,629.97 205.67 548.07 343.25 Total Revenue 7,125.79 3,948.54 7,737.56 3,441.47 Earnings before Interest, Tax 6,923.15 3,829.12 6,096.49 2,650.07 & Depreciation and Amortization (EBITDA) Less: Impairment expense 738.41 1,718.15 0.00 0.00 Less: Finance Cost 1,722.39 758.48 2190.19 802.86 Less: Depreciation Expense - - 1.01 - Standalone Consolidated Particulars 30-09-2026 30-09-2025 30-09-2026 30-09-2025 Profit before exceptional 4,462.35 1,352.49 3,905.29 1,847.21 items and Tax Exceptional items 0.00 0.00 0.00 0.00 Profit before tax (PBT) 4,462.35 1,352.49 3,905.29 1,847.21 Less: Tax Expense 149.48 37.67 515.48 47.92 Profit after Tax (PAT) 4,312.87 1,314.82 3,389.81 1,799.29 During the half year ended 30th September 2026, on standalone basis, the Trust generated revenue from operations of Rs. 5,495.82 Million, compared to Rs. 3,742.87 Million in the previous corresponding half year ended on 30th September 2025. The profit before tax for the half year ended 30th September 2026 was Rs. 4,462.35 Million, which was Rs. 1,352.49 Million in the previous corresponding half year ended on 30th September 2025. The profit after tax stood at Rs. 4,312.87 Million, which was Rs. 1,314.82 Million in the previous corresponding half year ended on 30th September 2025. On Consolidated basis, the Trust generated revenue from operations of Rs. 7,189.49 Million, compared to Rs. 3,098.22 Million in the previous corresponding half year ended on 30th September 2025. The profit before tax for half year ended on 30th September 2026 was Rs. 3,905.29 Million, as compared to Rs. 1,847.21 Million in the previous corresponding half year ended on 30th September 2025. The profit after tax stood at Rs. 3,389.81 Million, as compared to Rs. 1,799.29 Million in the previous corresponding half year ended 30th September 2025. Other Key Financial Information as required under the SEBI InvIT Regulations is provided below: i. Details of revenue during the half-year, project-wise from underlying projects The details of revenue generated during the half year by Indus Infra Trust from its underlying projects is provided below^ (Rs. In Million) Name of SPV Interest Dividend Varanasi Sangam Expressway Private Limited (“VSEPL”) 524.92 - Porbandar Dwarka Expressway Private Limited (“PDEPL”) 359.66 - GR Phagwara Expressway Private Limited (“GPEPL”) 250.66 - GR Gundugolanu Devarapalli Highway Private Limited (“GGDHPL”) 438.86 - GR Akkalkot Solapur Highway Private Limited (“GASHPL”) 205.81 - GR Sangli Solapur Highway Private Limited (“GSSHPL”) 245.03 - GR Dwarka Devariya Highway Private Limited (“GDDHPL”) 308.68 - GR Aligarh Kanpur Highway Private Limited (“GAKHPL”) 578.92 - GR Galgalia Bahadurganj Highway Private Limited (“GGBHPL”) 329.96 - GR Bahadurganj Araria Highway Private Limited (“GBAHPL”) 343.38 - GR Ena Kim Expressway Private Limited (“GEKEPL”) 750.03 320.04 GR Bilaspur Urga Highway Private Limited (“GBUHPL”) 461.77 220.17 GR Ujjain Badnawar Highway Private Limited (“GUBHPL”) 205.48 - KNR Palani Infra Private Limited (“KPIPL”) 87.34 20.00 KNR Ramagiri Infra Private Limited (“KRGIPL”) 121.52 350.04 ULCCS Kasaragod Expressway Private Limited (“UKEPL”) 251.87 370.02 KNR Guruvayur Infra Private Limited (“KGIPL”) 31.93 - Total 5,495.82 1,280.27 ^doesn’t include the repayment of loan given by Indus Infra Trust to its Project SPVs ii. Total Operating Expenses of the Trust along with detailed breakup, including all Fees and Charges paid to the Investment Manager and any other Parties, if any during the Half Year (Rs. In Million) Particulars Standalone Consolidated H1 FY27 H1 FY26 H1 FY27 H1 FY26 Sub-contractor charges - - 1,144.21 426.44 Employee benefits expense [Showing first 8,000 characters — download PDF for full document]