Quarterly corporate governance compliance report shared for Q2 FY 2026-27
The Investment Manager has submitted the quarterly corporate governance compliance report for the Trust for the quarter ended September 30, 2026.
By ScoutQuest · · 2 min read
- Board Composition
- 6 directors — 3 independent and 3 non-independent
- Board Meetings Held
- 3 (July 21, August 11 and September 29, 2026)
- Quorum
- Met each time with 6 directors and 3 independent directors present
What the update is
Infinite India Investment Management Limited, acting as investment manager of Intelligent Supply Chain Infrastructure Trust, has submitted the Part A quarterly compliance report on corporate governance for the quarter ended September 30, 2026, under Regulation 26K of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
Board composition
- Six directors on the board of the investment manager: 3 independent and 3 non-independent.
- Independent directors: Mr. Shailesh Vaidya, Mr. Rajendra Hingwala and Ms. Riddhi Bhimani.
- Non-independent directors: Ms. Dipti Neelakantan, Mr. Adi Patel and Mr. Natarajan Gnanaskandan.
- No regular chairperson has been appointed, and the chairperson is not related to the managing director or CEO.
- Tenure shown for independent directors is 91.40 months for Mr. Shailesh Vaidya and Mr. Rajendra Hingwala, and 42.05 months for Ms. Riddhi Bhimani.
- Mr. Rajendra Hingwala holds the highest number of directorships among the six — 4 in all managers/investment managers of REITs/InvITs and listed entities, of which 4 are independent.
Board meetings
- Three board meetings were held in the quarter: July 21, 2026, August 11, 2026 and September 29, 2026.
- Quorum was met at each meeting, with 6 directors and 3 independent directors present.
- The longest gap between two consecutive board meetings in the quarter was 49 days, between August 11, 2026 and September 29, 2026.
Committee meetings
- Audit Committee met on August 11, 2026 — quorum met, 3 directors present including 2 independent; longest gap 83 days.
- Nomination & Remuneration Committee met on August 11, 2026 — 3 directors present, all 3 independent; longest gap 110 days.
- InvIT Committee met on September 18, 2026 — 3 directors present, 2 independent; longest gap 92 days.
- Risk Management Committee met on September 18, 2026 — 3 directors present, 2 independent; longest gap 177 days.
- A regular chairperson has been appointed for each of the six committees listed in the report.
Affirmations made
- The composition of the Board of Directors is in terms of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 — Yes.
- The composition of the Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management and Corporate Social Responsibility Committees is in terms of those regulations — Yes.
- Committee members have been made aware of their powers, role and responsibilities, and the meetings of the Board and committees have been conducted as specified — Yes.
Placing before the Board
The governance report for the quarter ended June 30, 2026 was noted by the Board at its meeting held on August 11, 2026. The report for the quarter ended September 30, 2026 will be placed before the Board at its ensuing meeting scheduled in November 2026. The report records "None" against comments, observations or advice of the Board.
How to read this
This is a periodic governance disclosure covering board and committee structure, meeting attendance and compliance affirmations. It carries no financial, distribution or operational figures for the Trust.
Also from Intelligent Supply Chain Infrastructure Trust
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More numbers
- Directors present at board meetings in the quarter6
- Independent directors present at board meetings in the quarter3
- Longest gap between two board meetings in the quarter49 days
- Tenure of independent director Mr. Shailesh Vaidya91.40
- Tenure of independent director Ms. Riddhi Bhimani42.05
- Longest gap between Audit Committee meetings83 days
- Longest gap between Nomination & Remuneration Committee meetings110 days
- Longest gap between Risk Management Committee meetings177 days
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