Indus Infra Trust544137Compliance status update

Quarterly corporate governance report for Q2 FY 2026-27: board and committee details

Indus Infra Trust has shared its quarterly corporate governance report for the quarter ended 30 September 2026 📄.

By ScoutQuest · Mon 19 Oct 2026, 10:27 PM IST · 3 min read

11Committee memberships held by Mr. Raghav Chandra

Directorships held by Mr. Raghav Chandra7

Audit Committee members on 05-084

Committee memberships held by Mr. Raghav Chandra 11: Directorships held by Mr. Raghav Chandra 7, Audit Committee members on 05-08 4.

Reporting Period: quarter ended 30 September 2026
Board Meetings Held: 10.07.2026 and 05.08.2026; quorum met, 6 directors present including 4 independent directors
Audit Committee Meeting: 05-08-2026, quorum met, 4 members present

The update is the quarterly compliance report on corporate governance for the quarter ended 30th September 2026. It is signed by the Company Secretary & Compliance Officer of GR Highways Investment Manager Private Limited, the Investment Manager of the Trust, and covers the board and committees of the Investment Manager.

Who is on the Investment Manager's board

Mr. Ajendra Kumar Agarwal, Chairperson.
Mr. Deepak Maheshwari, Independent.
Mr. Raghav Chandra, Independent.
Mrs. Swati Anil Kulkarni, Independent.
Mr. Ankush Vinod Pitale, Independent.
Mr. Ramesh Chandra Jain, Non-Independent.
A regular Chairperson has been appointed, and the Chairperson is not related to the Managing Director or CEO.

Board meetings in the quarter

Meetings were held on 10.07.2026 and 05.08.2026.
Quorum was met at both; 6 directors were present, of whom 4 were independent.
The maximum gap between two consecutive board meetings was 25 days.

Committees and their meetings

Audit Committee: chaired by Mr. Deepak Maheshwari (Independent), with Mr. Raghav Chandra, Mrs. Swati Anil Kulkarni and Mr. Ankush Vinod Pitale as members. It met on 05-08-2026, quorum was met and 4 members were present, each of them independent.
Risk Management Committee: chaired by Mrs. Swati Anil Kulkarni (Independent), with Mr. Deepak Maheshwari, Mr. Raghav Chandra and Mr. Ramesh Chandra Jain as members. It met on 31-08-2026 and quorum was met.
Nomination and Remuneration Committee: chaired by Mr. Ankush Vinod Pitale (Independent). It met on 05-08-2026 and quorum was met.
Stakeholders Relationship Committee: chaired by Mr. Raghav Chandra (Independent).
Finance Committee: chaired by Mr. Ajendra Kumar Agarwal (Non-Independent). It met on 10-08-2026 and quorum was met.
Investment Committee: chaired by Mr. Raghav Chandra (Independent). It met on 10.07.2026 and quorum was met.
Fund Raise Committee and CP Fund Raise Committee: both chaired by Mr. Ajendra Kumar Agarwal.
A regular Chairperson has been appointed for each of these committees.

Other positions held by the directors

The report lists directorships and committee positions held by each director across REIT/InvIT investment managers and listed entities.
Mr. Raghav Chandra: 7 directorships, 11 committee memberships and 3 chairperson posts in such committees.
Mr. Deepak Maheshwari: 3 directorships, including 2 independent directorships.
Mr. Ajendra Kumar Agarwal: 2 directorships, with 3 committee memberships and no chairperson posts in such committees.

What the Trust affirms

The composition of the board of directors is in terms of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The composition of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee is also in terms of these regulations.
Committee members have been made aware of their powers, role and responsibilities as specified in the regulations.

How a unitholder can read this

This is a periodic governance disclosure. It tells you who runs the Investment Manager, which committees exist, how often they met in the quarter and whether quorum was met at each meeting.
The practical checkpoints are board and committee composition, the share of independent directors present at meetings, and the gap between meetings.
The report is a governance record of the Investment Manager's board and committees for the quarter.

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