NHIT — earnings call

The transcript as filed. Every paragraph is addressable: its link names the page and the position it sits at in the call.

Prepared remarks

Meeting Date

NATIONAL HIGHWAYS INFRA TRUST (NHAI INVIT)

NATIONAL HIGHWAYS INFRA TRUST

Pradeep Singh Kharola : When did it start?

Moderator : The e-voting which we call InstaPoll will start at 11 o' clock sharp, sir.

Mathew George : E-voting.

Pradeep Singh Kharola : It will start

Moderator : 11 o’ clock, it will start.

We still have two minutes to go.

Pradeep Singh Kharola : Yeah, yeah.

Mathew George : Postal ballots, I mean I think, online vote.

I mean people have already

That is, that started on the 9th itself?

Moderator : That's right, yes sir.

Pradeep Singh Kharola : So what's that?

That voting what you are saying Matthew is saying

Gunjan Singh : Yes sir, that is all complete. [Not clear] but still some window is again

provided during this meeting which starts at 11 for allowing them to vote again if someone has not

Pradeep Singh Kharola : That way.

Gunjan Singh : Yeah.

Pradeep Singh Kharola : Which the actual voting had started earlier, na?

Mathew George : Yes, yes.

Gunjan Singh : It remained open for three days, sir. 7th March till 9th March.

March till the 11th March.

Mathew George : Yeah, ninth, yeah.

Moderator : Gunjan ma’am, you can start the meeting.

Gunjan Singh : Yes.

Good morning, all.

I welcome you all to the 6th EGM of National

Highways Infra Trust.

In the meeting room we have Sunil who's the AVP Finance and Accounts.

Azam Ansari on behalf of auditors is here.

Online through VC Mr.

Pradeep Singh Kharola

who is the Independent Director as well as the Chairman of the Audit Committee as well as

Stakeholders’ Committee, is present.

Sumit Bose who is the Chairman of NRC and

Independent Director is present.

Sanjay Prasad who's the Independent Director is present

Rakshit Jain, MD and CEO is present.

Mathew George, CFO is present.

NATIONAL HIGHWAYS INFRA TRUST (NHAI INVIT)

We also have through VC, Mr.

Mahender Singh Chauhan who's on behalf of IDBI trustee.

Nilesh Jain on behalf of our valuers.

We also have our Secretarial Auditor present through

So can I request to appoint Mr.

Pradeep Singh Kharola as the Chairperson for this meeting?

Mathew George : Yes, please.

Rakshit Jain : Yes, please.

Gunjan Singh : Just to give a brief to everyone present, we have conducted this 6th EGM of

the trust through video conferencing and we have tied up with our RTA M/S.

KFin Technologies

Limited To provide this facility.

The notice to all the unit holders to exercise their votes on the

resolution was dated 17th February followed by an addendum to the said notice dated 3rd March

and cutoff date for determining the voting rights of unitholders entitled to present participate in

the voting process was 5th March.

The voting period remained open from 9am on 9th March 2026

till 5pm on 11th March 2026.

We have appointed M/S.

KDA and Associates as a Scrutinizer for

this EGM and the report would be available on the website within 42 hours from this meeting.

So I will just read out the resolution that we have proposed to be passed at the current extraordinary

There are a total of six resolutions being approved by the unit holders being placed for

unitholders’ approval which is approval for acquisition of two assets for round five for base

consideration of ₹6,220.90 Cr.

This will be an ordinary resolution.

Second is approval for issuance

of units of the Trust on a preferential basis which is a special resolution.

This is for a floor price

And the number of units to be issued will be up to ₹4.334 crore.

The third resolution

is approval for issuance of units of the Trust through institutional placement.

This is up to ₹20.17

This is a special resolution.

After this to consider and approve the distribution to unitholders.

This is the distribution for the round five issuance which will be there for the existing unit holders.

And since the distribution policy did not provide for this separate distribution we are seeking unit

holders’approval for amendment in the policy.

Fifth resolution is to consider and approve the

variation in terms of issue of proceeds raised by the trust for round three.

This is a special

Sixth is approval for revision and remuneration paid to M/S A.R. and Co., the statutory

auditors of the Trust.

I understand that there are, nobody has registered as a speaker for this

So if there are any queries or concerns by the unit holders they may write to us and we

will respond to it also.

The voting period finished on 11th March.

But the voting lines are still open

during this meeting up to 30 minutes from the closure of this meeting.

Pradeep Singh Kharola : So the unit holders are in room number two nah?

Gunjan Singh : Yes, sir.

So with this I am taking the Notice of the Extraordinary Meeting as

And since there are no speakers from the unit holders side for this meeting I think we.

can now close this meeting.

The e-voting process will continue for next 15 minutes from the

closure of this meeting.

Pradeep Singh Kharola : Okay, go ahead.

Gunjan Singh : Okay.

So I think we can close this meeting and.

NATIONAL HIGHWAYS INFRA TRUST (NHAI INVIT)

Pradeep Singh Kharola : We can close the meeting.

Thank you very much.

anxiously wait for the outcome.

Nilesh Jain : Okay, thank you.

Pradeep Singh Kharola : Mathew will you please let us know as soon as possible about the

Gunjan Singh : Yes sir.

Mathew George : Yes, sir.

Thank you everyone.

Nilesh Jain : Thank you.

Pradeep Singh Kharola : The trustee has anything to say?

Nilesh Jain : Thank you.

Pradeep Singh Kharola : Trustee has anything to say?

Nilesh Jain : No.

Thank you so much.

Pradeep Singh Kharola : Okay.

Then we can conclude the meeting.

Thank you very much.

Mathew George : Thank you.