BSEOthers12 Aug 2026 · 12 Aug 2026, 08:12 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 disclosed a material issue related to the valuation of its assets as per SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended, for the quarter ended on June 30, 2026.
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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: August 12, 2026
BSE 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.
Scrip Code: 540565 SYMBOL – INDIGRID
Subject: Valuation Report for assets of IndiGrid Infrastructure Trust for quarter ended on June 30, 2026
Dear Sir/ Madam,
Pursuant to Regulation 21 of the Securities and Exchange Board of India (Infrastructure Investment Trusts)
Regulations, 2014, as amended from time to time, read with circulars and guidelines issued thereunder
(“InvIT Regulations”), we hereby enclose the Valuation Report for assets of IndiGrid Infrastructure Trust
for the quarter ended on June 30, 2026.
You are requested to take the same on record.
Thanking you,
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
Copy to-
Axis Trustee Services Limited
The Ruby, 2nd Floor, SW,29, Senapati Bapat Marg,
Dadar West, Mumbai- 400 028, Maharashtra, India.
Encl: As above
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
Prepared for:
IndiGrid Infrastructure Trust (“the Trust”)
IndiGrid Investment Managers Limited
(“the Investment Manager”)
Valuation as per SEBI (Infrastructure Investment Trusts)
Regulations, 2014 as amended
Fair Enterprise Valuation
Valuation Date: 30th June 2026
Report Date: 12th August 2026
Mr. S Sundararaman,
Registered Valuer,
IBBI Registration No - IBBI/RV/06/2018/10238
Email: chennaissr@gmail.com
Phone No: +91 9790928047
GST No: 33AHUPS0102L1Z8
S. SUNDARARAMAN
Registered Valuer
Registration No - IBBI/RV/06/2018/10238
12th August 2026
IndiGrid Infrastructure Trust
(Axis Trustee Services Limited acting on behalf of the Trust)
Unit No. 101, 1st Floor,
Windsor Village, Kole Kalyan Off CST Road,
Vidyanagari Marg, Santacruz (E),
Mumbai - 400 098
IndiGrid Investment Managers Limited
(Investment Manager of IndiGrid Infrastructure Trust)
Unit No. 101, 1st Floor,
Windsor, Village Kole Kalyan, Off CST Road,
Vidyanagari Marg, Santacruz (E),
Mumbai - 400 098
Sub: Fair Enterprise Valuation of InvIT assets as per SEBI (Infrastructure Investment Trusts) Regulations,
2014, as amended (“the SEBI InvIT Regulations”) as at 30th June 2026
Dear Sir(s)/ Madam(s),
I, Mr. S. Sundararaman (“Registered Valuer” or “RV” or “I” or “My” or “Me”) bearing IBBI registration number
IBBI/RV/06/2018/10238, have been appointed vide letter dated 16th June 2026 (EL Ref No:RV/SSR/26-27/JN/06) ,
as an independent valuer, as defined as per Regulation 2(zzf) of the SEBI InvIT Regulations, by IndiGrid
Investment Managers Limited (“IIML” or “the Investment Manager”) acting as the Investment Manager for
IndiGrid Infrastructure Trust (“the Trust” or “InvIT”) and Axis Trustee Services Limited (“the Trustee”) acting
on behalf of the Trust for the purpose of the financial valuation of the projects (defined below and hereinafter
together referred as “the SPVs”) of the Trust as per the requirements of the Securities and Exchange Board of
India (Infrastructure Investment Trusts) Regulations, 2014, as amended (“SEBI InvIT Regulations”).
The Trust operates and maintains the following special purpose vehicles which are to be valued as per Regulation
21 read with Chapter V of the SEBI InvIT Regulations:
I. Transmission & BESS Assets:
SPV No of Project
Sr. No. Name of the SPVs Projects
Abbreviation Projects Models
Transmission Assets
1 Bhopal Dhule Transmission Company Ltd BDTCL 1 BDTCL BOOM
2 Jabalpur Transmission Company Ltd JTCL 2 JTCL BOOM
3 Maheshwaram Transmission Pvt Ltd MTL 3 MTL BOOM
4 RAPP Transmission Company Ltd RTCL 4 RTCL BOOM
5 Purulia & Kharagpur Transmission Company Ltd PKTCL 5 PKTCL BOOM
6A PTCL-I BOOM
6 Patran Transmission Company Pvt Ltd PTCL
6B PTCL-II* BOOM
7A NRSS-I BOOM
7 NRSS XXIX Transmission Ltd NRSS
7B NRSS-II* BOOM
8 Odisha Generation Phase - II Transmission Ltd OGPTL 8 OGPTL BOOM
9 East-North Interconnection Company Ltd ENICL 9 ENICL BOOM
10A GPTL - I BOOM
10 Gurgaon Palwal Transmission Pvt Ltd GPTL
10B GPTL - II* BOOM
11 NER II Transmission Ltd NERTL 11 NERTL BOOM
12 Raichur Sholapur Transmission Company Pvt Ltd RSTCPL 12 RSTCPL BOOM
13 Khargone Transmission Ltd KhTL 13 KhTL BOOM
14 Jhajjar KT Transco Pvt Ltd JKTPL 14 JKTPL DBFOT
15 Parbati Koldam Transmission Company Ltd PrKTCL 15 PrKTCL BOO
16A KTL-I BOOM
16 Kallam Transmission Ltd KTL 16B KTL-II* BOOM
16C KTL-III* BOOM
17 Kallam Transco Ltd KTCO 17 KTCO BOOT
18 Dhule Power Transmission Ltd DPTL 18 DPTL BOOT
19 Ishanagar Power Transmission Ltd IPTL 19 IPTL BOOT
20 Ratle Kiru Power Transmission Ltd RKPTL 20 RKPTL BOOT
21 Terralight Solar Energy SitamauSS Pvt Ltd TL SitamauSS 21 BOOM
SitamauSS
KNTL - I BOOM
22 Koppal Narendra Transmission Ltd KNTL 22
KNTL - II* BOOM
23 Gadag Transmission Limited GTL - I BOOM
GTL 23
GTL - II* BOOM
BESS Assets
24 Kilokari BESS Pvt Ltd KBPL 24 KBPL BOOT
25 Gujarat BESS Pvt Ltd GBPL 25 GBPL BOO
26 Rajasthan BESS Pvt Ltd RBPL 26 RBPL BOO
*These are part of the respective same project and are shown separately as they are extensions.
IndiGrid Infrastructure Trust IndiGrid Investment Managers Limited
Fair Enterprise Valuation of the Projects
30th June 2026 Page 2 of 233
S. SUNDARARAMAN
Registered Valuer
Registration No - IBBI/RV/06/2018/10238
II. Solar Assets
SPV No of Project
Sr. No. Name of the SPVs Projects
Abbreviation Projects Models
A. Godawari Green Energy Pvt Ltd 27 A. ISPL 1
B. Godawari Green Energy Pvt Ltd 28 B. ISPL 2
27 BOOM
C. Godawari Green Energy Pvt Ltd 29 C. GGEL
GGEL
D. Godawari Green Energy Pvt Ltd 30 D. Globus
28 TN Solar Power Energy Pvt Ltd TNSEPL 31 TNSEPL BOOM
Universal Mine Developers & Service Providers Pvt
29 UMD 32 UMD BOOM
TL Kanji
30 Terralight Kanji Solar Pvt Ltd 33 TL Kanji BOOM
TL Raj
31 Terralight Rajapalayam Solar Pvt Ltd 34 TL Raj BOOM
32 Solar Edge Power and Energy Pvt Ltd Solar Edge 35 Solar Edge BOOM
TL Charanka BOOM
33 Terralight Solar Energy Charanka Pvt Ltd TL Charanka 36
BOOM
34 PLG Photovoltaic Pvt Ltd 37 PLG BOOM
USUPL
35 Universal Saur Urja Pvt Ltd 38 USUPL BOOM
TL PatlasI
36 Terralight Solar Energy Patlasi Pvt Ltd 39 TL PatlasI BOOM
TL Nangla
37 Terralight Solar Energy Nangla Pvt Ltd 40 TL Nangla BOOM
TL Gadna 41
38 Terralight Solar Energy Gadna Pvt Ltd TL Gadna BOOM
JUPL
39 Jaisalmer Urja VI Pvt Ltd JUPL BOOM
40 ReNew Surya Aayan Pvt Ltd RSAPL 43 RSAPL BOOM
(Herein after all the above 40 SPVs are together referred to as the “the SPVs” and all the 43 projects mentioned
above are together referred to as “the Projects”)
*The Scheme of Amalgamation of Globus, ISPL-1, and ISPL-2 with GGEL, pursuant to the provisions of Sections
230 to 232 of the Companies Act, 2013 and Section 2(1B) of the Income Tax Act 2025, is given effect with effect
from 23rd March 2026 as the necessary approvals from the ROC are obtained.
These SPVs were acquired by the Trust and are to be valued as per Regulation 21(5) contained in the Chapter V
of the SEBI InvIT Regulations.
As per Regulation 21(5) of Chapter V of the SEBI InvIT Regulations:
"A half yearly valuation of the assets of the InvIT shall be conducted by the valuer for the half-year ending
September 30th for a publicly offered InvIT for incorporating any key changes in the previous six months and such
half yearly valuation report shall be submitted by the Investment Manager to the designated stock exchanges(s)
along with the quarterly financial results for quarter ending 30th September.
If the consolidated borrowings and deferred payments of an InvIT, in terms of regulation 20 of these regulations,
ex
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