Digital Fibre Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Digital Fibre Infrastructure Trust (InvIT) has filed its Annual Secretarial Compliance Report for FY25, as required under SEBI InvIT Regulations. The report, prepared by Shroff Negandhi and Associates LLP, flagged a few compliance gaps. The Risk Management Committee had only 2 members instead of the required 3 from June 1 to July 23, 2024, after a member resigned; a new member was inducted on July 24, 2024. SEBI conducted an inspection of the InvIT (covering March 31, 2023 to April 30, 2024) and issued an administrative warning for failure to review related-party transactions between the project manager and its associates. Several other SEBI actions listed were against Axis Trustee Services Limited and are explicitly stated as not related to this InvIT. A previous-year issue regarding the Nomination and Remuneration Committee was resolved, but the Investment Manager continues to maintain a single common Structured Digital Database (SDD) for the two InvITs it manages instead of separate ones.
No major financial or operational impact disclosed. The RMC composition gap was short-lived and rectified within two months. The SEBI administrative warning on related-party transaction reviews is a governance red flag that investors should watch, but the Investment Manager has acknowledged SEBI's advice. The unresolved common SDD across two InvITs could attract further regulatory scrutiny on insider-trading controls.