Maple Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Maple Infrastructure Trust (formerly Indian Highway Concessions Trust) has filed its quarterly statement of deviations or variations in the use of funds raised, as required under SEBI's InvIT regulations. This covers the initial issue of units worth Rs. 910 crore, placed privately on June 23, 2022, as detailed in the Final Placement Memorandum of the same date. The trust has reported nil deviations in the use of proceeds from the originally stated objects. It has also reported nil variation between the projected utilization of funds and the actual utilization. The filing was signed by Vikas Prakash, Company Secretary & Compliance Officer, and the same is available on the trust's website (www.maplehighways.com).
This is a routine compliance filing with no negative implications — the trust confirms it used investor funds exactly as disclosed. For unitholders, this signals good governance and on-track project spending, with no red flags on fund misuse.