INTERISE TRUST has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Interise Trust announced the results of a Postal Ballot conducted for unitholders, with the resolution passed on April 23, 2025. The resolution approved an amendment to the concession agreement with NHAI for the project SPV Krishnagiri Walajahpet Tollway Private Limited (KWTPL) through execution of a supplementary agreement. Out of 44 total unitholders as on the cut-off date of March 28, 2025, 99.66 crore units were voted, representing 95.61% of outstanding units. All votes polled (100%) were cast in favor of the resolution, with no votes against, across all categories including sponsors/investment manager (60.83%), foreign portfolio investors (34.77%), and others.
This is a routine corporate governance disclosure. The unanimous approval means the NHAI concession agreement amendment for KWTPL has been cleared by unitholders, allowing the trust to proceed with the supplementary agreement. No material impact on unit price is expected from the disclosure itself, but it may signal ongoing restructuring of the tollway project's terms with NHAI.