Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust (InvIT) has filed the notice for its 2nd Annual Meeting of unitholders, scheduled for July 18, 2025 via video conferencing, along with its Annual Report for FY 2024-25. The remote e-voting window runs from July 14 to July 17, 2025, with a cut-off date of July 11, 2025. The annual report highlights consolidated income of INR 34,531.5 million, EBITDA of INR 23,797 million, toll revenue growth of 8%, and traffic growth of 6.2% year-on-year. Assets Under Management (AUM) grew 25% to INR 322.66 billion, supported by the full acquisition of six HAM assets in December 2024 and the NAMEL toll road in February 2025. The trust also issued India's first Sustainability-Linked Bond in the roads sector (INR 8,600 million from IFC) and delivered a total distribution of INR 11 per unit for FY25, maintaining a AAA credit rating with an average cost of debt of 8.06%.
This is a routine annual meeting notice combined with the FY24-25 annual report submission, giving unitholders a comprehensive view of strong operational and financial performance. The 25% AUM growth, INR 11/unit distribution, and successful acquisition strategy signal continued value creation, though the stock price impact is likely neutral as it is a procedural disclosure.