National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
NHIT has filed a routine SEBI-mandated disclosure on how money raised through two past institutional placements has been deployed. For the Leap Project (Rs. 6,181.25 Cr raised in March 2024), Rs. 6,176.87 Cr has been utilized with no deviation from stated objects — primarily infusion into NEPPL for concession payments and improvement costs. For the Ascent Project (Rs. 5,053.48 Cr raised in March 2025), Rs. 5,051.63 Cr has been utilized, again with no deviation — largely invested into NSPPL for base/additional concession fees and lender fees. Minor unutilized balances remain only for offer-related expenses (Rs. 4.38 Cr for Leap, Rs. 1.85 Cr for Ascent). The filing confirms full deployment of net proceeds in line with placement memorandum objectives, with no shareholder approval required for any variation.
This is a routine compliance filing and not a negative event — it confirms that NHIT has used the proceeds of its fund raises largely as promised, with no material deviation. Investors should note that deployment of issue expenses is slightly pending, but this is normal and not a cause for concern.