BSEIndiGrid Infrastructure TrustMediumNeutral
Announced Mon, 29 Dec · 21:05 IST

Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IndiGrid Infrastructure Trust conducted a Postal Ballot (remote e-voting) to seek unitholder approval for enabling capital raising of up to ₹2,000 Crores. The resolution required a Special Majority (at least 60% of votes cast in favour). Out of 48,882 unitholders on record date (Nov 28, 2025), 333 unitholders holding approximately 40.96 crore units participated in the voting. The resolution was approved with overwhelming support: 99.77% of votes (40.86 crore units) were cast in favour, while only 0.23% (9,35,958 units) voted against. Sponsors voted 100% in favour, while public institutional holders approved at 99.78% and non-institutional public holders at 99.45%. The scrutinizer confirmed the resolution was passed with the requisite majority on December 29, 2025.

Likely market impact

Unitholders have given IndiGrid a green light to raise up to ₹2,000 Crores through capital markets, which could lead to unit dilution or debt-like instruments depending on how the trust utilizes this enabling approval. For existing unitholders, this signals potential future fundraising activity which could be used for acquiring new power assets, refinancing existing debt, or funding growth — the actual impact on unit price will depend on the purpose and pricing of any eventual issuance.