Citius TransNet Investment Trust (CITIUSINVT)

Citius TransNet Investment Trust has published its investor presentation for the half-year ended September 30, 2026 (H1-FY27). The InvIT reported a toll-to-annuity revenue mix of 85:15 based on FY26 gross revenue, with commercial vehicles accounting for 77% of toll collections. The portfolio features toll assets with an average operating history of 10.9 years across 6 states and 54 received annuities. Additionally, the trust highlights a ROFO pipeline of 11 HAM assets, of which 5 are currently held by the sponsor platform and 6 are expected to be acquired.

• Revenue mix stands at 85% toll and 15% annuity, with commercial traffic driving 77% of toll collections
• Toll assets have an average operating history of 10.9 years across 6 states as of September 30, 2026
• Jorabat Shillong Expressway annuity asset yields a semi-annual annuity of ₹725 Mn with 9 balance annuities
• ROFO pipeline comprises 11 HAM assets (5 acquired by sponsor platform, 6 in pipeline to be acquired)

Citius TransNet Investment Trust reported consolidated revenue from operations of ₹8,816.32 million (₹881.63 cr) and a net loss of ₹4,425.60 million (₹442.56 cr) for the half year ended September 30, 2026, primarily affected by depreciation and amortisation of ₹6,398.83 million. Net Distributable Cash Flows (NDCF) stood at ₹3,061.26 million, supporting total distributions declared of ₹5.0185 per unit (aggregating ₹3,061.28 million) for the period. Portfolio traffic demonstrated a 7.5% year-on-year growth across its 10 operational road assets spanning ~3,406.71 lane-kilometres.

• H1 FY27 consolidated revenue from operations stood at ₹8,816.32 million with total income of ₹9,232.88 million
• Net Distributable Cash Flows (NDCF) reached ₹3,061.26 million, resulting in H1 distributions of ₹5.0185 per unit
• Reported an accounting net loss of ₹4,425.60 million driven by ₹6,398.83 million in depreciation/amortisation and ₹1,205.49 million impairment
• Portfolio delivered a 7.5% YoY traffic growth across 10 assets covering 3,406.71 lane-km

Citius TransNet Investment Trust reported zero deviations or variations in the utilization of its public issue proceeds as of September 30, 2026. The trust raised INR 11,050 million via its April 2026 public issue, of which INR 10,648.50 million has been utilised. The entire allocation of INR 10,000.00 million earmarked for the acquisition of securities of SRPL and identified Project SPVs has been fully deployed. Remaining unutilised funds stand at INR 401.50 million, primarily across issue expenses and general purposes.

• Total public issue proceeds raised: INR 11,050.00 million in April 2026
• Amount utilised as of September 30, 2026: INR 10,648.50 million (96.37% of total)
• Full INR 10,000.00 million deployed for SPV/securities acquisitions (SRPL, TEL, JSEL, Dhola, Dibang)
• Unutilised funds remaining: INR 401.50 million (INR 257.06 million in issue expenses and INR 144.44 million in general purposes)
• Statement of deviation or variation reported as Nil

Citius TransNet Investment Trust issued a clarification regarding the distribution breakup per unit for the quarter ended September 30, 2026. The total distribution per unit stands at ₹2.9585, aggregating to an overall payout of ₹1,80,46,85,000 (₹180.47 crore). The revised per-unit breakup comprises an interest payment of ₹1.7560, dividend of ₹0.6943, debt repayment of ₹0.4885, and other income of ₹0.0197. This announcement corrects an error in the earlier filing detailing the board meeting outcome.

• Total distribution for Q2 ended September 30, 2026 is ₹2.9585 per unit
• Aggregate distribution payout amounts to ₹1,80,46,85,000
• Interest component accounts for ₹1.7560 per unit
• Dividend component stands at ₹0.6943 per unit
• Debt repayment and other income are ₹0.4885 and ₹0.0197 per unit respectively

Citius TransNet Investment Trust disclosed its half-yearly valuation report and Net Asset Value (NAV) as of September 30, 2026. The computed NAV stands at ₹113.08 per unit across 61,00,00,000 outstanding units, representing an implied net asset equity value of approximately ₹6,897.88 crore. The valuation was conducted by independent valuer Mr. S Sundararaman across 10 Special Purpose Vehicles (SPVs) consisting of toll and annuity road assets. The trust reported a Net Debt to AUM ratio of 34.03% as of June 30, 2026.

• Net Asset Value (NAV) reported at ₹113.08 per unit as of September 30, 2026
• Total outstanding units stand at 61,00,00,000
• Net Debt to AUM of the Trust was 34.03% as of June 30, 2026
• Valuation covers 10 underlying SPV road assets including NHAI/State Toll and MoRTH/NHIDCL Annuity projects
• Report highlights ongoing claim disputes including ₹6,483.5 Mn in Dhola and ₹7,711.5 Mn in Dibang SPVs against MoRTH

EAAA TransInfra Managers Limited, the Investment Manager to Citius TransNet Investment Trust, has scheduled a Board meeting for Friday, November 6, 2026. The Board will consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. In addition, the Board will consider declaring a distribution to unitholders for the quarter ended September 30, 2026. If declared, the record date for the proposed distribution has been fixed as Thursday, November 12, 2026.

• Board meeting scheduled for Friday, November 6, 2026
• Meeting agenda includes approval of Q2 and H1 FY27 (ended September 30, 2026) financial results
• Board to consider declaration of quarterly distribution to unitholders
• Record date for proposed distribution fixed as Thursday, November 12, 2026
• Trading window closed from October 1, 2026, until 48 hours post-board meeting outcome

Citius TransNet Investment Trust disclosed its unitholding pattern for the quarter ended September 30, 2026. The Sponsor and Sponsor Group hold 65.42% (39,90,90,541 units), all of which are categorized as mandatorily held. Public unitholders account for the remaining 34.58% (21,09,09,459 units), which includes 13.96% held by institutions and 20.62% by non-institutions. Total outstanding units stand at 61,00,00,000.

• Total units outstanding stood at 61,00,00,000 as of September 30, 2026
• Sponsor and Sponsor Group held 39,90,90,541 units or 65.42% of the trust
• All 39,90,90,541 sponsor units (100.00% of sponsor holding) are reported as mandatorily held
• Institutional unitholders held 13.96% (8,51,51,807 units), including Mutual Funds at 3.00%
• Non-institutional unitholders held 20.62% (12,57,57,652 units), with retail/individual holding at 3.81%

Citius TransNet Investment Trust has issued a postal ballot seeking unitholder approval to add back major maintenance (MM) expenses funded by external borrowings when computing Net Distributable Cash Flows (NDCF). The proposal covers 10 road project SPVs with estimated MM expenditures spanning FY27 to FY30, including Ahmedabad-Maliya (₹325.0 cr) and Samkhiali Bhachau (₹212.4 cr). While this structure avoids creating cash reserves and boosts near-term payout distributions, it increases aggregate leverage with an estimated repayment tenure of ~11.5 years (by FY38).

• E-voting period commences on October 10, 2026, and concludes on October 30, 2026, with a required approval threshold of 60%.
• Covers estimated FY27–FY30 major maintenance outlays across 10 SPVs, led by Ahmedabad-Maliya Tollway at ₹325.0 cr.
• Proposed borrowings for major maintenance will be repaid over ~11.5 years (by FY37-38).
• Approval allows major maintenance payments funded by external debt to be added back to NDCF, enhancing short-term distributions.

Citius TransNet Investment Trust has submitted its periodic regulatory filing detailing its Compliance Officer and Registrar & Transfer Agent for the quarter ended September 30, 2026. Padmanabhan Parthasarathy continues as Chief Financial Officer and Compliance Officer, having been appointed on June 25, 2026. KFin Technologies Limited remains the registered RTA (SEBI Reg No. INR000000221). This is a purely administrative disclosure pursuant to SEBI LODR Regulations 6(1) and 7(1).

• Filing pertains to the quarter ended September 30, 2026
• Padmanabhan Parthasarathy serves as CFO and Compliance Officer, appointed on June 25, 2026
• KFin Technologies Limited confirmed as Registrar & Transfer Agent under SEBI Reg No. INR000000221
• Submitted pursuant to Regulations 6(1) and 7(1) of SEBI LODR Regulations, 2015

Citius TransNet Investment Trust's Investment Manager (EAAA TransInfra Managers Limited) will conduct interactions with analysts, market participants, and investors between August 19, 2026, and August 25, 2026. The discussions will strictly cover information already available in the public domain, with no unpublished price-sensitive information being shared. In the recent quarter ending June 2026, the Trust reported a revenue of Rs 353.93 cr and a net loss of Rs 248.72 cr.

• Analyst and investor interactions scheduled from August 19, 2026 to August 25, 2026
• Discussions strictly restricted to publicly available information
• No unpublished price sensitive information (UPSI) to be shared during the meetings

Citius TransNet Investment Trust has filed its Q1 FY27 investor presentation for the quarter ended June 30, 2026. The trust's operational portfolio generates an 85:15 mix between toll and annuity revenues, with commercial traffic contributing 74% of total toll receipts. Its toll assets maintain a mature average operating history of 10.6 years alongside an established record of 53 received annuity payments. Growth visibility is supported by a Right of First Offer (ROFO) agreement on 11 NHAI Hybrid Annuity Model (HAM) concessions.

• Portfolio revenue mix stands at 85% toll and 15% annuity based on FY26 gross revenues
• Commercial traffic accounts for 74% of toll collections compared to 26% for passenger vehicles
• Toll assets have an average operating history of 10.6 years with 53 annuity payments received across annuity assets
• Growth pipeline supported by a ROFO agreement for 11 HAM road assets

Citius TransNet Investment Trust has disclosed the detailed breakup of its distribution of ₹2.06 per unit for the quarter ended June 30, 2026. The payout is led by repayment of debt at ₹1.3458 per unit (65.3%) and interest payment of ₹0.7126 per unit (34.6%). Other income makes up ₹0.0016 per unit, while the dividend portion is nil. This clarification defines the taxability structure of the distribution for unitholders.

• Total distribution confirmed at ₹2.0600 per unit for Q1 ended June 30, 2026
• Debt repayment forms the largest component at ₹1.3458 per unit
• Interest payment component fixed at ₹0.7126 per unit
• Other income contributes ₹0.0016 per unit, while dividend component is nil

Citius TransNet Investment Trust has declared a distribution of ₹2.06 per unit for the quarter ended June 30, 2026, totaling ₹125.66 crore. This payout comes despite the trust reporting a consolidated net loss of ₹248.72 crore for the same period on a revenue of ₹353.93 crore. The distribution represents approximately 35.5% of the quarterly revenue. Investors should note the record date of August 18, 2026, for eligibility, with payments to be completed by August 25, 2026.

• Declared a distribution of ₹2.06 per unit for the quarter ended June 30, 2026
• Total distribution payout amounts to ₹125.66 crore
• Reported quarterly revenue of ₹353.93 crore and an operating profit of ₹133.18 crore
• Recorded a significant net loss of ₹248.72 crore for the June 2026 quarter
• Record date for distribution eligibility is August 18, 2026, with payment by August 25, 2026