INTERISE TRUST has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Interise Trust, an Infrastructure Investment Trust (InvIT), has issued a postal ballot notice dated November 18, 2025, seeking unitholder approval to amend concession agreements with NHAI across 13 project SPVs (including Bijapur-Hungund, Beawar Pali Pindwara, Krishnagiri Thopur, Simhapuri Expressway, and others) by executing supplementary agreements. The amendments are needed to formalize a compensation mechanism for revenue loss caused by the government's new annual pass facility, under which non-commercial Fastag users pay Rs. 3,000 per year or 200 crossings (whichever is earlier) at any national highway toll plaza, effective August 15, 2025. NHAI has issued a standard operating procedure (SOP) on October 17, 2025, outlining daily compensation and quarterly reconciliation for BOT, InvIT, and TOT projects affected by this change. The resolution requires approval by unitholders holding at least 60% of votes cast in favour, with e-voting open from November 21, 2025, to December 11, 2025, and results to be declared by December 15, 2025.
This is a procedural postal ballot seeking unitholder consent to execute compensation agreements with NHAI. It is positive for unitholders as it formalizes a revenue-loss compensation mechanism, which should help protect toll income across the 13 highway SPVs from the impact of the Rs. 3,000 annual pass scheme. No immediate cash or operational impact is expected until the compensation framework is executed.