Capital Infra Trust

Capital Infra Trust, formerly known as National Infrastructure Trust, announced that the Board of Directors of Gawar Investment Manager Private Limited, acting as Investment Manager to the Trust, approved the utilization of Rs 124,99,92,800 for providing shareholder loans and/or other permitted financial assistance to the Target SPVs, as well as an amendment to Clause 10.2 of the Project Management Agreement, on September 18, 2026.

Capital Infra Trust's postal ballot results, conducted on September 10, 2026, revealed unanimous approval for Resolutions 2 and 4, and overwhelming support for Resolutions 1 and 3. Resolution 1, concerning sponsor/sponsor group voting, saw no votes cast. Resolution 2, authorizing borrowing and creating charges, achieved 100% approval from all categories of shareholders. Resolution 3, regarding fund raising, garnered 98.42% approval, while Resolution 4, approving preferential unit issuance, secured 99.9992% approval. The scrutineer, Makarand M. Joshi & Co., certified the results, with Vaibhav Dandawate, ACS, signing off on the findings and UDIN A051538H001437384.

Capital Infra Trust has reaffirmed its issuer rating as “CARE AAA/Stable” by CARE Ratings Limited, according to a disclosure filed with the Bombay Stock Exchange and National Stock Exchange of India on August 26, 2026. The rating is based on the company’s operational and financial performance for the fiscal year 2026 and the first quarter of fiscal year 2027.

A valuation report for Capital Infra Trust (CIT) reveals a leveraged financial structure and potential legal and operational risks. As of June 30, 2026, the trust holds a 100% equity stake in twelve Special Purpose Vehicles (SPVs), including GNHPL, GKBHPL, and HHHPL, with outstanding debt to the SPVs totaling tens of billions of Indian rupees. The report, prepared by valuer Mr. S. Sundararaman (IBBI Registration Number IBBI/RV/06/2018/10238), also details ongoing Goods and Services Tax (GST), Income Tax, and litigation cases involving several SPVs, along with forecasts for major repairs needed between 2027 and 2040. The substantial debt and pending legal matters highlight potential financial challenges for CIT, while the forecasted repair costs will necessitate careful financial planning.

Capital Infra Trust, formerly known as National Infrastructure Trust, announced that its investment manager, Gawar Investment Manager Private Limited, approved the acquisition of 100% equity in Gawar Bhiwani Highway Private Limited, Gawar Kangra Highways Private Limited, Gawar Pathankot Mandi Highway Private Limited, Gawar Udaipur Highway Private Limited, Gawar Waranga Highways Private Limited, and Gawar Rudrapur Highway Private Limited from its sponsor, Gawar Construction Limited, for a total adjusted enterprise value of Rs 29,214 million. The company also seeks unitholder approval to raise up to Rs 26,750 million in capital and to issue up to 16,611,200 units at Rs 75.25 per unit on a preferential basis to Gawar Construction Limited, and appointed Mr. Akhil Banthiya as Chief Financial Officer, while changing the designation of Mr. Amit Kumar to Chief Investment Officer.

Capital Infra Trust, formerly known as National Infrastructure Trust, announced that Gawar Investment Manager Private Limited, acting as its Investment Manager, will hold a board meeting on Monday, August 17, 2026, to consider and approve the acquisition of 100% equity share capital in Gawar Bhiwani Highway Private Limited, Gawar Kangra Highways Private Limited, Gawar Pathankot Mandi Highway Private Limited, Gawar Udaipur Highway Private Limited, Gawar Waranga Highways Private Limited, and Gawar Rudrapur Highway Private Limited, as well as the raising of funds through the issuance of units and borrowing, subject to regulatory approvals.

Capital Infra Trust, formerly known as National Infrastructure Trust, announced that ICRA Limited has reaffirmed the “ICRA AAA/Stable” rating for its issuer rating and long-term fund-based term loan of Rs 1,750 crore. The reaffirmation, communicated on August 7, 2026, also applies to term loans from HDFC Bank Limited of Rs 617.02 crore and Union Bank of India of Rs 1,132.98 crore, both also rated “ICRA AAA/Stable.”

Capital Infra Trust announced that the Board of Directors of the Company at its meeting held on 21 July 2026, inter alia, have recommended the final dividend of Rs 2.32 per equity Share (i.e. 2.343434%) , subject to the approval of the shareholders.

Net profit of Capital Infra Trust reported to Rs 125.62 crore in the quarter ended June 2026 as against net loss of Rs 73.72 crore during the previous quarter ended June 2025. Sales rose 37.41% to Rs 259.29 crore in the quarter ended June 2026 as against Rs 188.70 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales259.29188.70 37 OPM %55.96-42.74 - PBDT128.44-108.29 LP PBT128.44-108.29 LP NP125.62-73.72 LP Powered by Capital Market - Live

Capital Infra Trust will hold a meeting of the Board of Directors of the Company on 21 July 2026.