Cube Highways Trust543899Compliance status update

Quarterly corporate governance compliance report for the quarter ended September 30, 2026

Cube Highways Trust's Investment Manager has shared its quarterly corporate governance compliance report for the quarter ended September 30, 2026.

By ScoutQuest · Fri 16 Oct 2026, 6:03 PM IST · 3 min read

6Directors at the Board meeting

Directors at the Nomination & Remuneration Committee meeting5

Independent directors at the Risk Management Committee meeting1

Directors at the Board meeting 6: Directors at the Nomination & Remuneration Committee meeting 5, Independent directors at the Risk Management Committee meeting 1.

Board composition: 7 directors — 4 independent, 3 non-independent
Board meeting and attendance: Board met on August 14, 2026 — quorum met, 6 directors present, of whom 4 were independent directors
Maximum gap between board meetings: 79 days

Quarterly governance compliance report

Cube Highways Trust has submitted its compliance report on corporate governance for the quarter ended September 30, 2026. The report has been shared by Cube Highways Fund Advisors Private Limited, acting in its capacity as Investment Manager to the InvIT.

Board of the Investment Manager

Seven directors are listed — four independent directors and three non-independent directors.
Mr. Upendra Kumar Sinha is the Chairperson - Independent Director.
The other independent directors are Mr. Jayesh Ramniklal Desai, Mr. Surinder Chawla and Ms. Fereshte Dhunjishaw Sethna.
The non-independent directors are Mr. Sandeep Lakhanpal, Ms. Helly Bharat Ajmera and Mr. Raviraj Vipul Acharya.
A regular chairperson has been appointed, and the chairperson is not related to the managing director or CEO.

Committees

Six committees are listed: Audit Committee, Nomination & Remuneration Committee, Risk Management Committee, Stakeholders Relationship Committee, Operations Committee and Investment Committee.
A regular chairperson has been appointed for each of these committees.
The Audit Committee is chaired by Mr. Upendra Kumar Sinha; the Nomination & Remuneration Committee and the Investment Committee by Mr. Surinder Chawla; the Risk Management Committee and the Operations Committee by Mr. Jayesh Ramniklal Desai; and the Stakeholders Relationship Committee by Ms. Fereshte Dhunjishaw Sethna.

Meetings held in the quarter

The meeting of the Board of Directors in the quarter was held on August 14, 2026. Quorum was met, 6 directors were present, of whom 4 were independent directors. The maximum gap between two consecutive board meetings was 79 days.
The meeting of the Audit Committee in the quarter was held on August 14, 2026. Quorum was met, 3 directors were present, all 3 being independent directors.
The meeting of the Nomination & Remuneration Committee in the quarter was held on August 14, 2026. Quorum was met, 5 directors were present, of whom 4 were independent directors.
The meeting of the Risk Management Committee in the quarter was held on August 14, 2026. Quorum was met, 3 directors were present, of whom 1 was an independent director. The maximum gap between two consecutive meetings of this committee was 203 days.
No meeting of the Stakeholders Relationship Committee was held in the previous and current quarter.

Affirmations in the report

The composition of the Board of Directors is affirmed to be in terms of SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The composition of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee is affirmed to be in terms of these regulations.
Committee members have been made aware of their powers, role and responsibilities, and the meetings of the board and the above committees were conducted in the manner specified.
The report for the previous quarter was placed before the Board at its meeting held on August 14, 2026, and no comments, observations or advice were received from the Board. This report will be placed before the Board at its ensuing meeting.

What this disclosure covers

This is a periodic governance update that sets out the composition of the Investment Manager's board and committees, the meetings held in the quarter, and confirmations that these are in line with the applicable InvIT regulations. It is a compliance and governance disclosure rather than an operational or financial update on the InvIT's assets or distributions.

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