INTERISE TRUST has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Interise Trust (formerly IndInfravit Trust), a privately-placed listed Infrastructure Investment Trust, has filed its Secretarial Compliance Report for FY2024-25 as required under SEBI (InvIT) Regulations. The report, prepared by Mayekar & Associates, confirms the trust has generally complied with applicable SEBI regulations, with no fines, penalties, or debarment actions. However, two SEBI communications are noted: (1) an advisory letter dated Feb 6, 2025 flagging inadequate disclosure in the valuation report under a thematic inspection, and (2) a SEBI inspection letter dated March 28, 2025 covering September 2021 to April 2024, which issued an administrative warning for not distributing 90% of net distributable cash flows (NDCF) on a half-yearly basis, plus other governance advisories. The Trust has argued that as a privately-placed InvIT, the 90% NDCF distribution rule is an annual obligation, which it has met, and has submitted responses to SEBI committing to stronger compliance.
The filing is routine regulatory compliance with no financial penalty, but the SEBI administrative warning and governance advisories highlight compliance gaps that investors should monitor. Short-term sentiment may be mildly negative given SEBI's scrutiny, though the Trust's prompt responses and clarification that annual NDCF distribution requirements were met should limit long-term damage.