Cube Highways Trust

Cube Highways Trust's Investment Manager, Cube Highways Fund Advisors Private Limited, has scheduled a Board Meeting for October 06, 2026. The primary agenda is to consider and approve a proposal for raising funds through the issuance of units via a preferential issue or other permissible modes. The Board will also recommend this fundraise to the Unitholders for their approval. Additionally, the meeting will approve the notice to Unitholders for seeking their consent on the proposed fundraise, in compliance with SEBI InvIT Regulations and other applicable laws.

Cube Highways Trust, through its Investment Manager Cube Highways Fund Advisors Private Limited, has successfully raised ₹1,150 crore (₹11,500,000,000) by issuing senior, secured, rated, listed, redeemable, non-convertible debt securities (NCDs). The NCDs carry a coupon rate of 7.50% per annum, payable quarterly, with a maturity date of September 30, 2031. The funds raised will be utilized for refinancing outstanding debt and funding capital expenditure and maintenance expenses. The issuance was made on a private placement basis to eligible investors, with Axis Bank Limited subscribing to ₹550 crore and ICICI Bank Limited to ₹600 crore. This issuance is part of a larger financing program approved for raising up to ₹4,500 crore.

Cube Highways Trust has announced the closure of its trading window for dealing in the securities of the InvIT. This closure is effective from October 01, 2026, and will remain in effect until 48 hours after the announcement of the financial information for the quarter and half-year ended September 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal policy on unpublished price-sensitive information. The notice was issued by Cube Highways Fund Advisors Private Limited, acting as the Investment Manager.

Cube Highways Trust has disclosed a material issue concerning its project SPV, Walayar Vadakkencherry Expressway Private Limited (WVEPL). WVEPL had initiated arbitration proceedings against the National Highways Authority of India (NHAI) seeking an extension of its concession period. An arbitral award dated September 21, 2026, has granted WVEPL an extension of 1423 days. The tribunal also ruled that NHAI's proposed reduction of the concession period by 1.5 years was invalid and not binding on WVEPL. This outcome is significant for the project's revenue stream and operational timeline.

Cube Highways Trust has disclosed a material issue regarding its Special Purpose Vehicle, Andhra Pradesh Expressway Private Limited (APEPL). The concession period for APEPL, which operates on NH-44 (erstwhile NH 7) between Telangana and Andhra Pradesh, is set to expire on September 14, 2026. APEPL has commenced the contractual handover process to the National Highways Authority of India (NHAI). The company is evaluating permissible options for APEPL's future under SEBI InvIT Regulations, subject to approvals. APEPL was incorporated in 2005 and operates under a Hybrid Annuity Model.

Cube Highways Trust, through its Investment Manager, has entered into a Binding Offer to acquire 100% of the equity share capital of Apco Chetak Ultraway Private Limited and Apco Chetak Expressway Private Limited. These entities operate in the Road Infrastructure Industry in Uttar Pradesh. The acquisition is expected to strengthen Cube InvIT's revenue base, enhance yield, and increase its Net Asset Value (NAV). The total consideration is subject to adjustments and will be disclosed upon execution of definitive agreements. The deal is contingent on receiving statutory and regulatory approvals, including from NHAI and Income Tax Authorities. Post-acquisition, Cube InvIT will manage a portfolio of 29 SPVs across India.

Cube Highways Trust has released the transcript of its investor conference call held on August 17, 2026, for the quarter ended June 30, 2026. The call discussed the transition to a trust structure, strengthening governance and capital access. The company's portfolio includes 27 road assets (18 toll, 6 HAM, 3 annuity) covering 8,754 lane kilometers. Acquisitions of four assets are progressing, with unitholder approvals expected by early September. The Q1 FY27 operating performance showed 9.3% year-on-year traffic growth and 11.5% toll revenue growth.

Cube Highways Trust has informed the exchange about a material issue disclosure, in accordance with SEBI (Infrastructure Investment Trusts) Regulations, 2014. The company has enclosed an Investor Presentation for Q1 FY27. This presentation provides selected information about the InvIT's activities as of the presentation date and is intended for general information purposes. It contains forward-looking statements subject to risks and uncertainties. The information is based on management estimates and is current as of its date, with no guarantee of future updates. Readers are advised to conduct their own assessments and not rely solely on this presentation for investment decisions.

Cube Highways Trust (Cube InvIT) announced its results for the quarter ended June 30, 2026, reporting a 19.3% year-on-year revenue growth to ₹1,127 crore. The company declared a Distribution Per Unit (DPU) of ₹3.95 for Q1 FY27, totaling ₹531 crore. This distribution includes interest, dividend, SPV loan repayment, and treasury income. The InvIT also revised its full-year FY27 DPU guidance upwards to ₹14.50 per unit. Key performance metrics showed strong underlying performance, with EBITDA increasing 16.7% YoY to ₹819 crore. Net Asset Value (NAV) stood at ₹149.6 per unit. Cube InvIT maintains AAA/Stable ratings from CRISIL, India Ratings, and ICRA.

Cube Highways Trust has filed a disclosure with the stock exchange confirming no deviation or variation in the utilization of proceeds from its debt securities for the quarter ended June 30, 2026. The company raised ₹6,370,000,000.00 through a private placement of Senior, Secured, Rated, Listed Redeemable, Non-Convertible Debentures on June 29, 2026. All funds raised were utilized as per the stated objects in the offer document, with 100% utilization reported and no deviations noted.