IndiGrid Infrastructure Trust

IndiGrid Investment Managers Limited informed the Bombay Stock Exchange and National Stock Exchange of India that its senior management is scheduled to meet Tribeca Investments in-person on Friday, September 11, 2026.

IndiGrid Infrastructure Trust received INR 280 crore towards the Second Pay-In for Series AI Non-Convertible Debt Securities and INR 600 crore for Series AJ Non-Convertible Debt Securities on September 8, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Ltd. Consequently, the paid-up value of the Series AI and Series AJ Non-Convertible Debt Securities has been revised from INR 20,000 to INR 1,00,000, with new ISINs INE219X07629 and INE219X07611 listed on the BSE.

IndiGrid Infrastructure Trust has executed Securities Purchase Agreements dated September 4, 2026, to acquire Shongtong Power Transmission Limited from Enerica ReGrid Infra Private Limited for an enterprise value not exceeding Rs 53,158 million, subject to closing adjustments. The acquisition, which is a related-party transaction due to a common director with Enerica ReGrid Infra Private Limited, will be completed in one or more tranches post becoming completed and revenue generating project and is subject to unitholder approval. Shongtong Power Transmission Limited was incorporated on June 14, 2023, and is developing a transmission system in Himachal Pradesh with an expected commercial operation date in Q4 of fiscal year 2029.

IndiGrid Infrastructure Trust reported a satisfactory quarterly performance and expressed optimism regarding the government’s recent decision to exempt dividends from taxation for business trusts, though a 10% surcharge will apply. The company anticipates acquiring approximately INR 2,000 crore of projects from EnerGrid this financial year, with full integration expected over the next 2-4 years, and is actively pursuing inorganic opportunities in transmission, solar, and battery storage potentially valued at INR 6,000-8,000 crore. IndiGrid maintains debt headroom up to 70% of its portfolio and typically raises capital when debt reaches 65%, though no equity raise is currently planned. Management cautioned against providing specific net asset value projections due to market volatility.

IndiGrid Investment Managers Limited, the investment manager of IndiGrid Infrastructure Trust, announced the allotment of 35,000 Series A I Non-Convertible Debt Securities with a face value of Rs 100,000 each and a paid-up value of Rs 20,000 each, aggregating to Rs 70 crore, and 75,000 Series A J Non-Convertible Debt Securities with a face value of Rs 100,000 each and a paid-up value of Rs 20,000 each, aggregating to Rs 150 crore, on August 20, 2026. The Series A I instruments have a tenure of 5 years, a coupon rate of 7.44% per annum, and are rated ‘CRISIL AAA/Stable’ and ‘ICRA AAA/Stable’, while the Series A J instruments have a tenure of 10 years, the same coupon rate, and the same credit ratings. The debt securities are partly paid-up, senior, secured, listed, rated, redeemable, and will be privately placed and listed on the BSE.

IndiGrid Investment Managers Limited, the investment manager of IndiGrid Infrastructure Trust, announced it proposes to issue Series AI debt securities of Rs 350 crore and Series AJ debt securities of Rs 750 crore, following approvals from its board meeting on February 12, 2026, for borrowings up to Rs 6,400 crore.

IndiGrid Investment Managers Limited, the investment manager of IndiGrid Infrastructure Trust, will meet with analysts and investors at the Equirus Annual India Conference 2026 in Mumbai on Friday, August 14, 2026, as announced to the Bombay Stock Exchange and National Stock Exchange of India.

IndiGrid Infrastructure Trust has received credit ratings from CRISIL Ratings Limited and ICRA Limited on August 12, 2026, including a long-term rating of Crisil AAA and a short-term rating of Crisil A1+ reaffirmed by CRISIL Ratings Limited for a bank loan of Rs 5,120 crore and non-convertible debentures of Rs 14,017.3 crore and Rs 300 crore, respectively. ICRA Limited reaffirmed a long-term rating of ICRA AAA and a short-term rating of ICRA A1+ for non-convertible debentures of Rs 10,790 crore, a term loan of Rs 950 crore, and other instruments, while assigning a rating of ICRA AAA Stable to proposed non-convertible debentures of Rs 300 crore and Rs 800 crore.

IndiGrid Investment Managers Limited informed the BSE Limited and National Stock Exchange of India Ltd that a link to the audio transcript of the earning conference call discussing the financial performance of IndiGrid Infrastructure Trust for the quarter ended June 30, 2026, held on August 13, 2026, is available on the company's website.

A valuation exercise for various special purpose vehicles (SPVs) utilized varying inflation rates, ranging from 2% to 5%, to project future values, with some entities, including DPTL and KTL, assessed using a Net Asset Value (NAV) approach. Plant Load Factors (PLF), which measure the efficiency of solar power generation, were estimated by a technical team and corroborated by an independent report, with examples including ISPL 1 at 17.30% and RSAPL at 20.34%. The valuation was conducted by S. Sundararaman, an IBBI-registered valuer with over 30 years of experience in corporate advisory and valuation, registration number IBBI/RV/06/2018/10238, and can be reached at chennaissr@gmail.com or +91 97909 28047.