Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust's board approved FY26 audited consolidated results showing total income of Rs 49,504.37 million (up 44% from Rs 34,377.27 million in FY25). However, profit after tax declined to Rs 3,990 million from Rs 4,105 million in FY25, with earnings per unit falling to Rs 4.57 from Rs 4.93. The board declared a Q4 distribution of Rs 4.00 per unit (record date May 19, 2026), comprising interest (Rs 2.52), capital repayment (Rs 1.24), dividend (Rs 0.10) and other income (Rs 0.14). The independent valuer assessed NAV at Rs 148.24 per unit (fair value) vs book value of Rs 63.75. Key governance changes include appointment of Deloitte Haskins & Sells as statutory auditors (5-year term) and Mr. Gautam Mehra as Additional Independent Director. The board also approved an enabling resolution to raise up to Rs 2,000 crores via rights issue, preferential issue or institutional placement. Additionally, IndiGrid Limited replaced Enerica Infra 4 Private Limited as Project Manager for Battery Energy Storage System projects.
The ~45% revenue growth but declining PAT highlights strong operational scale but pressure on profitability. The Rs 4/unit distribution provides income visibility for unitholders. The Rs 2,000 crore capital raise authorisation signals potential dilution or debt reduction. The near 2.3x premium of fair value NAV (Rs 148) over book value (Rs 64) suggests underlying asset strength. Appointment of Big 4 auditor and experienced independent director may boost governance confidence.