Maple Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Maple Infrastructure Trust has informed BSE about an NHAI circular dated September 13, 2025 that reduces the Wholesale Price Index (WPI) linking factor from 1.641 to 1.561. This factor is used to convert WPI from the 2011-12 base year back to the 2004-05 base year, which directly affects how annual toll rate hikes are calculated for highway projects. A lower linking factor means smaller annual toll increases going forward. The trust, its project manager, and SPVs are currently evaluating the impact on their toll road assets and have reserved all legal rights and remedies under their concession agreements.
This is a potentially negative development for shareholders, as the lower linking factor will reduce the inflation-linked annual toll rate revisions, which could lower revenue growth from MIT's highway assets. The company has flagged it as a material issue and is reserving legal rights, suggesting possible future disputes or claims against NHAI.