BSEMaple Infrastructure TrustMediumNeutral
Announced Fri, 27 Feb · 19:23 IST

Maple Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Maple Infrastructure Trust (InvIT) has issued a postal ballot notice to its unitholders seeking approval to revise upward the remuneration of its Statutory Auditors, M/s. S. R. Batliboi & Co. LLP, for FY 2025-26 from INR 13.40 million to INR 19.56 million (about a 46% increase), excluding taxes and out-of-pocket expenses. The fee hike is attributed to a significant expansion in audit scope following the trust's acquisition of five tollway SPVs (Bhandara, Durg Baghnadi, Belgaum Dharwad, Sambalpur Baragarh, and Dhankuni Kharagpur) effective November 26, 2025. The same auditor continues into its second 5-year term approved at the July 2025 annual meeting. E-voting runs from February 28, 2026 (09:00 IST) to March 29, 2026 (17:00 IST), with results to be announced within two working days.

Likely market impact

Routine administrative resolution linked to genuine growth in the trust's asset base; a one-time fee bump rather than an ongoing cost concern. Limited direct impact on unit price, but it indirectly confirms the operational scale-up from the recent SPV acquisitions is fully reflected in financial reporting.