Cube Highways Trust has informed the Exchange regarding Disclosure of material issue

August 17, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited 20th Floor, P. J. Towers Exchange Plaza, C-1, Block-G Dalal Street, Mumbai – 400 001 Bandra-Kurla Complex, Bandra (E) Units: Mumbai - 400 051 Scrip Code: 543899 ISIN: INE0NR623014 Symbol: CUBEINVIT Non-convertible debentures: Scrip Code: 974936 ISIN: INE0NR607017 Scrip Code: 975770 ISIN: INE0NR607025 Scrip Code: 976397 ISIN: INE0NR607033 Scrip Code: 976434 ISIN: INE0NR607041 Scrip Code: 976636 ISIN: INE0NR607058 Scrip Code: 976637 ISIN: INE0NR607066 Scrip Code: 977036 ISIN: INE0NR607074 Scrip Code: 977037 ISIN: INE0NR607082 Scrip Code: 977917 ISIN: INE0NR607090 Subject: Intimation of Transcript – Investor Call with the management of Cube Highways Trust (“InvIT”) Dear Sir/Ma’am, Further to our intimation dated August 12, 2026, we hereby inform that the Transcript of Investors conference call held on Monday, August 17, 2026, at 4:00 PM IST, for the quarter ended June 30, 2026 is attached herewith. The link to access the audio transcript of the Investor Call with the management of the InvIT is provided below: Audio Transcript Link The aforementioned transcript can also be accessed on our website at below path: Path: Financial Results>>> Results >>> Current Year >>> Q1 >>> Investor Call Transcript (Audio) You are requested to kindly take the same on record. For Cube Highways Fund Advisors Private Limited (acting in its capacity as Investment Manager to Cube Highways Trust) Richa Gupta Rohatgi Compliance Officer and Company Secretary Enclosed: As Above CC to: Trustee to the InvIT Debt Security Trustee Axis Trustee Services Limited Catalyst Trusteeship Limited Axis House, P B Marg, Worli, 901, 9th Floor, Tower-B Peninsula Mumbai, Maharashtra, India, 400025 Business Park, Senapati Bapat Marg Lower Parel(W), Mumbai, Maharashtra- 400013 CUBE HIGHWAYS FUND ADVISORS PRIVATE LIMITED CIN: U74999DL2021FTC379941 Regd. Office: B-376, UGF, Nirman Vihar, New Delhi - 110092 Corporate Office: Unit No. 1901, 19th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida, U.P-201301 E-mail: - compliance.officer@cubeinvit.com, Phone: +91-120-4868300 Cube Highways Trust Q1 FY27 Investor Call August 17, 2026 Moderator (Chorus): Ladies and gentlemen, good day and welcome to the Cube Highways Trust Q1FY27 Investor Conference Call hosted by DAM Capital Advisors Limited. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch tone phone. I now hand the conference over to Mr. Kishan Mundhra from DAM Capital. Thank you, and over to you, Mr. Kishan. Kishan Mundhra Thank you. Good afternoon, everyone. DAM Capital Analyst From the Investment Manager, we have with us Mr Vinay C. Sekar - Chief Executive Officer, Mr Pankaj Vasani – Group Chief Financial Officer, Mr. Saurabh Bansal – Head – Capital Raising, Investments, & Strategy, Ms Richa Gupta Rohatgi - Company Secretary and Compliance Officer, Mr Abhijit S Sathe – Jt. Executive Vice President - Finance and Accounts, Mr Saurabh Kumar - Vice President - Strategy and Investor Relations and Mr. Deepan Shah - Vice President – Legal. From the Trust's Project Management team. we also have Bovin Kumar, CEO; Mr Mukul Shastry, Group General Counsel; and Mr Anuj Maitrey, Head of Operations, This conference call may include forward-looking statements reflecting the company’s current beliefs, views, and expectations as of the date of this call. These statements are subject to risks and uncertainties, are not guarantees of future performance, and may differ materially from actual results. Please note that this conference is being recorded. I now hand the call over to Mr Vinay C Sekar, Chief Executive Officer, for his opening remarks. Thank you, and over to you, Mr Sekar. Vinay C Sekar: Good evening, everyone, and thank you for joining us. It has been a landmark quarter for Cube InvIT, with an important milestone in our journey as an infrastructure investment platform. On July 31, 2026, we successfully transitioned from a privately listed InvIT to a publicly listed InvIT through an Offer for Sale of ₹5,000 crore. This is a significant achievement for Cube InvIT and, we believe, for InvITs in India. We are the first private InvIT to transition to a publicly listed InvIT successfully and have emerged as India’s largest public InvIT. The response from investors has been extremely encouraging. The issue was oversubscribed 9.42 times. More importantly, the transition has materially broadened our investor base. As of August 7, 2026, we had more than 17,000 unitholders, with broad-based institutional ownership across mutual funds, insurers, banks, pension funds and trusts. For us, this milestone represents much more than a successful capital markets transaction. It is the culmination of several years of work to institutionalise the 1 | Pa g e platform through stronger governance, internal controls, technology systems, valuation discipline and risk management frameworks. We believe the transition significantly strengthens our ability to access a broader pool of institutional and long-term capital, improves the platform's visibility, and creates a stronger foundation for the next phase of growth. Against this backdrop, our underlying portfolio continues to perform strongly. Cube InvIT’s portfolio comprises 27 road assets: 18 toll, 6 HAM and 3 annuity projects, covering 8,754 lane kilometres across 12 states and one Union Territory. The portfolio has an 86:14 toll-to-annuity mix, with an average residual concession life of 17.8 years. This provides us with a diversified portfolio of long-duration infrastructure assets, with cash flows naturally protected by contractual inflation and interest-rate pass-through mechanisms. On the acquisition of four assets, for 2 of the assets, CNTL and DTPL, all the key Conditions Precedent have been completed. The other 2 assets have one key CP to be completed. Considering this, we will initiate the unitholder approvals for the preferential issuance by the end of August or the first week of September. We hope to initiate this for all 4 assets; however, if these approvals are delayed, we will complete these acquisitions in tranches. Additionally, the Trust continues to have a Right of First Offer for three additional sponsor assets, subject to commercial alignment and regulatory approvals, providing further visibility into our potential growth pipeline. Coming to operating performance, Q1 FY27 was a strong quarter for the portfolio, with 9.3% year-on-year traffic growth, resulting in 11.5% year-on-year growth in toll revenue. The reported toll revenue growth was despite the WUPTPL concession expiring on June 23. On a comparable operating-day basis, portfolio toll revenue growth was 12.0% YoY. The growth was supported by strong vehicle sales in the country. Passenger traffic has also benefited from longer trip lengths, better roads and passenger convenience measures such as the Annual Pass. Toll revenue growth was led by our assets, GAEPL, DATRPL, NAMEPL, MKTPL, SMTPL and NKTPL, with traffic growth remaining broad-based across the portfolio. Importantly, the majority of our toll assets posted double-digit traffic growth. Annual Pass adoption among private cars averaged approximately 32% across the portfolio, with ₹108 crore of compensation recognised as received/receivable as of June 30, 2026. Average receivable days stood at 42 days in Q1 FY27. Our weighted average cost of debt improved further during the quarter, declining to 7.49%, supported by the issuance of fixed-rate instruments at favourable rates. Our NAV has increased to ₹149.6 per unit from ₹145.8 per unit in the previous quarter, largely driven by compression in the weighted average cost of capital. During the quarter, we declared [Showing first 8,000 characters — download PDF for full document]