National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
National Highways Infra Trust (NHIT) has informed the exchanges that Mr. Suresh Goyal has ceased to be the Managing Director & CEO of National Highways Infra Investment Managers Private Limited (NHIIMPL), the Investment Manager to the Trust, with effect from 8th May 2025, following the conclusion of his extended tenure. Mr. Rakshit Jain (DIN: 06858141) has assumed charge as the new Managing Director & CEO of NHIIMPL with effect from 9th May 2025, for a term not exceeding three years, as previously approved by the Board. This is a management transition at the Investment Manager level, which oversees NHIT's road assets.
This is a leadership change at the level of the Investment Manager, not the Trust itself. The new appointee was already approved by the Board, suggesting a planned handover with continuity in operations. Investors should watch for any strategic shifts under the new MD & CEO, though short-term impact on unit price is likely limited.