INTERISE TRUST has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Interise Trust (formerly IndInfravit Trust), an SEBI-registered Infrastructure Investment Trust, has filed its quarterly Statement of Security Cover as at March 31, 2026. The filing, certified by statutory auditors Sharp & Tannan, shows total assets of Rs. 15,93,184.59 Lakhs on book value basis and Rs. 21,16,579.25 Lakhs on market value basis. The Trust has listed secured redeemable non-convertible debentures of Rs. 2,98,347.00 Lakhs (with coupon rates of 7.59%, 6.96%, and 7.3014%) plus pari-passu debt including bank term loans of Rs. 5,05,530.23 Lakhs and commercial paper of Rs. 76,000.00 Lakhs. The Pari-Passu Security Cover Ratio stands at 2.63x on book value, indicating the assets are adequately secured. The Trust's net borrowing ratio was below 49% during FY 2025-26, requiring annual rather than half-yearly asset valuation.
The 2.63x security cover ratio provides a healthy buffer for debenture holders, with market value of assets more than 2.6 times the secured debt. This regulatory filing confirms compliance with SEBI InvIT and listing regulations, which is positive for investor confidence in the Trust's debt obligations.