National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
National Highways Infra Trust has issued an addendum to its 6th Extra-Ordinary Meeting notice, revising the proposed preferential issue size from up to 3.025 crore units to up to 4.034 crore units. The revised eligible allottees are NHAI (sponsor) and EPFO (non-sponsor), each eligible to subscribe up to 4.034 crore units, subject to an aggregate cap of 4.034 crore units. The floor price has been set at ₹147.50 per unit, marginally above the NAV of ₹145.76 per unit as of 31st December 2025. Proceeds from the issue will be used for investment in Round 5 Roads assets. The EOM is scheduled for 12th March 2026 at 11:00 a.m., with the cut-off date for voting eligibility being 5th March 2026.
The preferential issue will lead to dilution for existing unitholders, with NHAI's sponsor stake potentially rising from 11.07% to up to 11.91% (Scenario 1). Combined with the institutional placement of up to 20.17 crore units, the total unit count could expand by roughly 10%, which may pressure unit price in the short term but provides capital for road asset acquisitions.