Roadstar Infra Investment Trust has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q2 FY 2025-26
Awaiting price reaction for this filing.
Roadstar Infra Investment Trust has filed its quarterly Corporate Governance Compliance Report for the quarter ended September 30, 2025, as required under SEBI InvIT Regulations. The Board of the Investment Manager (Roadstar Investment Managers Ltd) has 6 directors, including 5 Independent Directors and 1 Non-Independent Director, with a regular Chairperson in place. Two board meetings were held during the quarter (August 7 and August 20, 2025), and the Audit Committee met 4 times with quorum met. Mr. Dhanraj Tawade was redesignated as Non-Executive Independent Director for the period August 7, 2025 to August 7, 2028. Importantly, the report includes a disclosure that the new IL&FS Board has approved a public sale process to divest IL&FS Group's economic and management interest in the ITNL InvIT Platform, which includes a 93.5% stake in Roadstar Investment Managers Ltd. Axis Capital Ltd has been appointed as Financial Transaction Advisor for this divestment.
While the filing is a routine regulatory compliance report, the embedded disclosure on IL&FS initiating a public sale process for its 93.5% stake in the Investment Manager signals a potential change in control of the Trust's manager. This could affect governance, strategic direction, and the unit price in the medium term as the divestment process progresses.