National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
National Highways Infra Trust has filed its Annual Secretarial Compliance Report for FY 2025-26 with BSE and NSE. The report identifies two compliance deviations: First, the Governing Board composition was not compliant with InvIT Regulations from October 19 to November 26, 2025, after two Independent Directors' five-year terms expired. The Investment Manager had only 3 Independent Directors out of 8 during this period. SEBI granted relaxation and condoned the delay after new directors were appointed on November 27, 2025. Second, the Corporate Governance Report for Q2 FY2025-26 was initially filed with incomplete disclosures on October 17, 2025, and revised on January 15, 2026. No penalties or actions were taken by SEBI or stock exchanges against the InvIT.
The compliance deviations were minor and have been addressed. SEBI's relaxation approval removes regulatory risk. The repeated board composition issue suggests ongoing governance challenges tied to government appointment processes, which investors should monitor.