INTERISE TRUST has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Interise Trust has submitted its annual valuation report for the period ending March 31, 2025, prepared by independent valuer RBSA Valuation Advisors LLP. The Trust holds a portfolio of 16 BOT (Build-Operate-Transfer) and annuity-based road assets spread across 8 states, covering approximately 7,107 lane kilometres. Total enterprise value of the underlying project companies has been assessed at INR 1,87,242.6 million (about INR 18,724 crore) on a going-concern basis using the Discounted Cash Flow (DCF) method. The largest assets by value are Simhapuri Expressway (INR 5,421 crore), Rayalseema Expressway (INR 2,741 crore), and Krishnagiri Walajahpet Tollway (INR 1,979 crore). The report also confirms that the Mysore Bellary Highways concession ended in December 2024 and the road was returned to the authority. The valuation will be used to compute the InvIT's Net Asset Value (NAV) as mandated by SEBI InvIT Regulations. The sponsor changed from L&T Infrastructure Development Projects Limited to Interise Investment Managers Limited (acting as self-sponsor) effective April 15, 2024.
This is a routine regulatory filing required under SEBI InvIT rules and forms the basis for NAV computation, which directly influences unit pricing and distribution capacity. Unit holders should note that while some assets like Krishnagiri Walajahpet, Devihalli Hassan, and Rayalseema Expressways are now valued above their acquisition cost, others such as Beawar Pali Pindwara and Krishnagiri Thopur are valued materially below their purchase price, reflecting traffic and revenue trends.