Maple Infrastructure Trust has informed the Exchange regarding Notice of Annual General Meeting scheduled to be held on 23/07/2025
Awaiting price reaction for this filing.
Maple Infrastructure Trust (formerly Indian Highway Concessions Trust) has announced its 4th Annual Meeting of Unitholders to be held on July 23, 2025 at 5:30 PM IST via video conferencing. Four key resolutions will be considered: (1) adoption of audited standalone and consolidated financial statements for FY 2024-25, (2) adoption of the valuation report by BDO Valuation Advisory LLP as of March 31, 2025, (3) appointment of GT Valuation Advisors Private Limited as the new independent valuer for FY 2025-26 at ₹2,75,000 per trust asset per valuation, and (4) re-appointment of S.R. Batliboi & Co. LLP as statutory auditor for a 5-year term at a fee of ₹1.34 crore for FY 2025-26. The change in valuer from BDO to GT is driven by SEBI's rule that prohibits a valuer from conducting valuations for the same project for more than four consecutive years. Remote e-voting runs from July 18 to July 22, 2025, with the cut-off date for unitholder eligibility set as July 16, 2025.
Routine procedural filing — no material business impact expected. The valuer change is regulatory-mandated rotation, not a governance red flag. Unitholders should review the FY25 financial statements and valuation report before voting on July 23, 2025.