INTERISE TRUST has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q4 FY 2024-25
Awaiting price reaction for this filing.
Interise Trust (formerly IndInfravit Trust), an Infrastructure Investment Trust (InvIT), has submitted its quarterly Corporate Governance Compliance Report to BSE and NSE for the quarter ended March 31, 2025, as required under SEBI InvIT Regulations. The Investment Manager's board has 8 directors — 5 Independent Directors, 2 Nominee (Unitholder) Directors, and 1 Independent Chairperson. Seven committees (Audit, Nomination & Remuneration, Risk Management, Stakeholders Relationship, Investment & Finance, Projects Review, and CSR) are in place, each with a regular chairperson. All governance items under Part B confirm compliance with applicable SEBI regulations. During the quarter, Independent Director Dr. Ashwin Mahalingam ceased on March 29, 2025, after completing the maximum permitted tenure of 120 months. The Audit Committee meeting on February 11, 2025, was adjourned sine die without transacting any business.
This is a routine regulatory filing with no material business impact. The cessation of Dr. Ashwin Mahalingam after completing maximum tenure is a normal governance event and is unlikely to affect unit price. Investors can note full compliance with SEBI InvIT governance norms.