News ArticleNational Highways Infra Trust Declares Rs 2.529 Per Unit Distribution for Q2 FY2026-27 and Reports Asset Valuation at Rs 59,299.70 Crores
Independent Valuation by Ernst & Young Sets Enterprise Value and NAV as of 30 September 2026; Upcoming Unitholder Meeting to Approve Maintenance Funding and Business Location Shift
National Highways Infra Trust (NHIT) announced a distribution of Rs 2.529 per unit for the quarter ended 30th September 2026, including interest pass-through and other income. The Trust's independent asset valuation as of the same date stood at Rs 59,299.70 crores, with a net asset value of Rs 163.24 pre-distribution. NHIT plans an extraordinary unitholder meeting in December to approve key proposals including maintenance expenditure funding and principal business place shift.
National Highways Infra Investment Managers Private Limited
Corporate Action
National Highways Infra Trust announced a distribution of Rs 2.529 per unit for the quarter ended 30th September 2026. Concurrently, independent valuation by Ernst & Young Merchant Banking Services LLP pegged the Trust's assets at Rs 59,299.70 crores, establishing a pre-distribution net asset value of Rs 163.24 per unit.
The distribution comprises Rs 2.518 per unit as interest pass-through and Rs 0.011 per unit as other income from surplus funds at the Trust level, subject to applicable withholding taxes. Distributions will be paid within five working days following the record date, declared as 12th November 2026.
NHIT's Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, accompanied by a limited review report from statutory auditors.
The valuation report, prepared by Ernst & Young Merchant Banking Services LLP, covers three main Special Purpose Vehicles managing road assets totalling 2,653 kms across 13 states. These operate under toll-operate-transfer concession agreements with the National Highway Authority of India.
The Board further approved proposals including the usage of surplus offer proceeds from Round 4 funds, shifting the principal place of business pending unitholder approval, and incorporating major maintenance expenditure funded through external borrowings into Net Distributable Cash Flow computations.
A 7th Extraordinary Meeting of unitholders is scheduled on 3rd December 2026 via video conferencing to consider approvals on major maintenance funding, the principal business place shift, and related Trust deed amendments. Additionally, financial assistance of up to Rs 1,000 crores has been approved for financing maintenance and project scope changes, along with restructuring of existing credit facilities.
Highlights
- Distribution of Rs 2.529 per unit for Q2 FY2026-27 approved, with payment following record date on 12th November 2026.
- Independent asset valuation as of 30th September 2026 sets enterprise value at Rs 59,299.70 crores and NAV at Rs 163.24 per unit pre-distribution.
- Seven Extraordinary Meeting scheduled for 3rd December 2026 to approve crucial funding and administrative proposals.
- Approval for up to Rs 1,000 crores financial assistance facility to support maintenance and project modifications.
- Board approved shifting Trust’s principal place of business, subject to unitholder consent.
Key Data Snapshot
What happened
- The Board of National Highways Infra Investment Managers approved NHIT's unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026.
- A distribution of Rs 2.529 per unit was declared to unitholders, payable within five working days from the record date of 12th November 2026.
- An independent asset valuation by Ernst & Young valued NHIT’s assets at Rs 59,299.70 crores as of 30 September 2026 with a NAV of Rs 163.24 per unit pre-distribution.
- Board approved the use of surplus proceeds from Round 4 fundraise and amendments for shifting the Trust’s principal place of business and adding major maintenance expenditure funded by external borrowings into cash flow computations.
Key details
- The distribution includes Rs 2.518 per unit as interest pass-through and Rs 0.011 per unit as other income on surplus funds at Trust level.
- The Trustees scheduled the 7th Extraordinary Meeting of unitholders on 3rd December 2026 via VC/OAVM to approve pivotal proposals including funding for major maintenance expenditure and the principal place of business change.
- Financial assistance facilities totaling up to Rs 1,000 crores were approved for maintenance financing, project scope changes, and conversion of existing credit facilities to overdraft or working capital demand loans.
Regulatory and governance context
- The announcements comply with SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, including respective amendments and circulars.
- The asset valuation and NAV determination are in accordance with regulatory requirements for disclosure to unitholders and regulatory filings.
- Independent valuation carried out by a SEBI-registered valuer: Ernst & Young Merchant Banking Services LLP.
Background and context
- NHIT owns three key Special Purpose Vehicles managing toll-operate-transfer road projects aggregated across 2,653 kms and 13 states with concession periods extending between 2044 and 2051.
- The valuation and results cover the quarter and half year ended 30th September 2026, essential for unitholder information and Trust operational management.
- The approved distribution reflects income generated inclusive of interest and surplus funds on a per unit basis, consistent with NHIT’s financial structure.
Highlights
- Distribution of Rs 2.529 per unit for Q2 FY2026-27 approved, with payment following record date on 12th November 2026.
- Independent asset valuation as of 30th September 2026 sets enterprise value at Rs 59,299.70 crores and NAV at Rs 163.24 per unit pre-distribution.
- Seven Extraordinary Meeting scheduled for 3rd December 2026 to approve crucial funding and administrative proposals.
- Approval for up to Rs 1,000 crores financial assistance facility to support maintenance and project modifications.
- Board approved shifting Trust’s principal place of business, subject to unitholder consent.
Disclosures
- SEBI (Infrastructure Investment Trusts) Regulations, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025
Source Information
More News on Corporate Action
View allLatest corporate announcements and market updates in Corporate Action.
Jindal Photo Limited Completes Voluntary Delisting Offer at Rs. 1,161 Discovered Price Per Share
Jindal Photo Limited announced the successful completion of its voluntary delisting offer from BSE and NSE with a discovered price of Rs. 1,161 per equity share after the reverse book building process ending November 6, 2026.
Read Full Story
DCW Limited Executes Buyback of 610,798 Equity Shares at Rs. 47.01 Average Price on November 6, 2026
DCW Limited announced the repurchase of 610,798 fully paid-up equity shares having a face value of Rs. 2 each on November 6, 2026, through open market buyback using the stock exchange mechanism at an average acquisition price of Rs. 47.01 per share.
Read Full Story
Pashupati Cotspin Limited Announces Bonus Issue of Equity Shares at 3-for-2 Ratio with November 13, 2026 Record Date
Pashupati Cotspin Limited has announced a bonus equity share issuance in the ratio of three shares for every two held, with the record date fixed on November 13, 2026, to determine shareholders eligible for the bonus shares.
Read Full Story
