Roadstar Infra Investment Trust has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q4 FY 2024-25
Awaiting price reaction for this filing.
Roadstar Infra Investment Trust has filed its first quarterly Corporate Governance compliance report with the stock exchanges for the quarter ended March 31, 2025, as required under SEBI's InvIT regulations. The InvIT's units were recently listed on BSE and NSE on March 11, 2025, which is why several items in the report are marked NA, with the trust committing to comply in future quarters. The Board of the Investment Manager (Roadstar Investment Managers Limited) has 6 directors, of which 4 are Independent Directors, and all four mandatory committees — Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management — are in place with regular chairpersons appointed. A noteworthy disclosure states that IL&FS, the current Sponsor, is in the process of divesting its sponsor stake, with no change in fit-and-proper status.
This is a routine post-listing compliance filing and is largely neutral for unit holders. The ongoing IL&FS sponsor divestment is a material structural change worth monitoring, as it could affect the trust's ownership and future strategic decisions.