Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust's investment manager (IIML) held a board meeting on February 2, 2026. The board approved appointing Enerica Infra 4 Private Limited as the new Project Manager for the company's Battery Energy Storage System (BESS) projects, along with signing a new Project Implementation and Management Agreement. At the same time, the board terminated the existing Project Implementation and Management Agreement with Enerica Infra 1 Private Limited for the same BESS projects. This indicates a change in project management partner for IndiGrid's energy storage portfolio.
Switching project managers for BESS projects could signal restructuring or consolidation of IndiGrid's energy storage operations. Shareholders should watch for any cost or timeline implications as the new manager (Enerica Infra 4) takes over from the existing one (Enerica Infra 1).