Roadstar Infra Investment Trust has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q1 FY 2025-26
Awaiting price reaction for this filing.
Roadstar Infra Investment Trust has filed its quarterly Corporate Governance Compliance Report for Q1 FY 2025-26 (quarter ended June 30, 2025) with BSE and NSE, as required under SEBI InvIT Regulations. The Investment Manager's board has 6 directors including 4 independent directors, and all four key committees (Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management) are properly constituted with required chairpersons. Three board meetings were held during the quarter (April 11, May 27, and June 18, 2025) with quorum met each time. Two long-serving independent directors, Subrata Kumar Mitra and Jagadip Narayan Singh, were re-appointed by the Board, pending shareholder approval at the upcoming AGM.
This is a routine regulatory compliance filing with no direct effect on unit price. However, the note disclosing that the IL&FS group has approved the sale of its equity stake in the Sponsor of the InvIT (with a Merchant Banker being appointed) is a potentially material development that unitholders should monitor, as a change in sponsor ownership could affect the trust's long-term strategy and governance.