National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue

National Highways Infra Trust (NHIT), an Infrastructure Investment Trust, submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by M/s Garg Vaibhav & Associates. The report flagged two board composition deviations during the review period: the Governing Board lacked the required proportion of Independent Directors under Regulation 4(2)(e)(v) and did not have a Woman Independent Director under Regulation 26H of the InvIT Regulations, both between April 2023 and April 15, 2024. SEBI had granted relaxations on strict enforcement of these rules, and the appointment of Ms. Usha Rao Monari as Women Independent Director on April 16, 2024 brought the board into full compliance. The trust also received an administrative warning from SEBI for delayed disclosure of interest/dividend/repayment status on non-convertible securities, which NHIT has requested to be withdrawn. Minor recommendations were made on updating the trust website, maintaining ID data bank certificates, and ensuring policy documentation is current.