Raajmarg Infra Investment Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Raajmarg Infra Investment Trust held its 15th Board meeting approving its first audited financial results since listing. Total Assets stand at Rs. 9,80,685.54 lakh with Total Liabilities of Rs. 3,76,365.50 lakh, resulting in a Net Asset Value of Rs. 100.72 per unit (based on 60 crore outstanding units). The Trust, sponsored by NHAI and listed on BSE/NSE in March 2026, reported standalone profit of Rs. 1,030.74 lakh for the period (Nov 24, 2025 to March 31, 2026) mainly from interest income on loans to subsidiary Raajmarg I Projects Private Limited. The subsidiary holds 5 toll road concessions from NHAI with appointed date April 1, 2026, so full toll revenue is yet to commence. Unmodified audit opinion issued by A.R. & Co. No distribution was approved for the period. Net Distributable Cash Flow is negative at Rs. -371.39 lakh, which is expected given the pre-operational stage. Mr. Anil Agarwal (29 years BFSI experience) appointed as Nominee Director.
NAV marginally above issue price (100.72 vs 100) indicates early value creation, but negative NDCF and pre-operational status mean investors should expect no immediate distributions. Toll operations starting April 2026 will be key for future cash flows.