Regulatory13 May 2026, 09:01 pm
NHIT: Deviation/Variation Statement for Quarter Ended Mar 31, 2026
AI Summary
National Highways Infra Trust (NHIT) disclosed a statement of deviation/variation in the institutional placement of funds for the quarter ended March 31, 2026. The disclosure is pursuant to SEBI Master Circulars dated July 11, 2025, and August 22, 2024. The original object included infusion of debt/equity into NEPPL, part payment for debt service reserve, and general purposes. A variation included infusion as debt for initial improvement/maintenance, payment of operational costs, and payment of interest/bank guarantee commission. Deviation was Nil, with variations detailed in Annexure A.
Key Highlights
- NHIT reports nil deviation in fund utilization for the quarter ended March 31, 2026.
- Variations in fund utilization are detailed in Annexure A of the filing.
- Original fund allocation for debt/equity infusion into NEPPL was ₹6,181.25 Cr.
- ₹6,134.80 Cr of net proceeds from the Leap Project issue were utilized as of March 31, 2026.
- Funds were also used for payment of operational costs and interest to lenders.
Price Impact
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