IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IRB InvIT Fund filed its Annual Secretarial Compliance Report for FY25, prepared by Mihen Halani & Associates. SEBI's thematic inspection (covering Dec 2021 to Apr 2024) found several disclosure lapses, including inadequate data shared with trustees, missing website links in corporate governance reports, weak disclosures on debt-maturity profile, NAV, gearing ratio, borrowing details, revenue history, unit price and distribution history, and non-disclosure of investment/project manager fee computation and material items in financial statements. SEBI issued an administrative warning on March 28, 2025, along with advisories, and a separate advisory on February 6, 2025 regarding incomplete disclosures in the valuation report. The Investment Manager has submitted responses, filed an Action Taken Report with SEBI, and discussed corrective steps at its Board meeting on May 8, 2025. The Practicing Company Secretary considers the responses and corrective actions adequate and satisfactory.
This is a routine compliance filing that surfaces past disclosure weaknesses but does not involve any monetary penalty on the InvIT. Shareholders are unlikely to see a direct stock price impact, though continued lapses in transparency could draw further regulatory scrutiny.