News

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 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.