Postal ballot notice for extension of project implementation agreements with 12 SPVs
IRB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRB Infrastructure has sent a postal ballot notice seeking shareholder approval for extending the term of Project Implementation Agreements with 12 Project SPVs of IRB Infrastructure Trust. The aggregate value of the related party transactions is up to INR 22,940.25 crore (inclusive of 18 percent GST). IRB holds 51 percent units in the Trust, which wholly owns the 12 SPVs, making this a material related party transaction. E-voting runs from July 5 to August 3, 2026, with results by August 5, 2026. The extension ensures continuity of project management until end of original concession periods.
Shareholders will vote on material RPT worth up to INR 22,940 crore; secures long-term revenue visibility but related party nature may draw investor scrutiny.