Cube Highways Trust has informed the Exchange regarding Notice of Annual General Meeting scheduled to be held on 18/07/2025
Awaiting price reaction for this filing.
Cube Highways Trust has informed exchanges about its 2nd Annual Meeting (AGM) scheduled for Friday, July 18, 2025, at 4:00 PM via video conferencing, along with the Annual Report for FY 2024-25. For FY25, the trust reported consolidated income of INR 34,531.52 million and EBITDA of INR 23,797 million, with toll revenue up 8% and portfolio traffic up 6.2% year-on-year. Total Assets Under Management grew 25% to INR 322.66 billion, supported by acquisitions including the remaining 49% stake in 6 HAM SPVs (Dec 2024), full acquisition of NAMEL toll road (Feb 2025), and two annuity projects from NIIF (June 2025). The trust distributed INR 11 per unit in FY25, maintains an AAA credit rating, and issued India's first Sustainability-Linked Bond of INR 8,600 million in the roads sector. Unitholders can vote electronically between July 14-17, 2025, with July 11, 2025 as the cut-off date.
Routine AGM notice with annual report disclosure. The strong operational metrics, portfolio expansion, and consistent INR 11 per unit distribution reflect stable performance, which may be positively viewed by existing and prospective unitholders.