Maple Infrastructure Trust543925Routine SEBI update

No deviation in use of proceeds; Rs. 700 crore NCD proceeds fully utilised in the quarter

Maple Infrastructure Trust has shared its statement of deviation(s) or variation(s) in the use of funds for the quarter ended September 30, 2026.

By ScoutQuest · Tue 3 Nov 2026, 8:28 PM IST · 2 min read

Units proceeds: ~INR 1,755.98 crore from units allotted on November 20, 2025 — deviation stated as Nil
NCD proceeds: INR 700 crore raised on August 28, 2026 fully utilised during the quarter
Reporting period: quarter ended September 30, 2026

What this update is about

Maple Infrastructure Trust has submitted its quarterly statement of deviation(s) or variation(s) in the use of funds for the quarter ended September 30, 2026. This is a periodic disclosure where the trust compares what it said it would do with the money it raised against what it actually did.

What the update states for units

Units were issued on a preferential basis for an amount aggregating to ~INR 1,755.98 crore, allotted on November 20, 2025.
Deviation, if any, in the use of proceeds from the objects stated in the explanatory statement to the postal ballot notice dated October 14, 2025: Nil.
Category-wise variation between projected utilisation and actual utilisation: stated as Not Applicable.

What the update states for non-convertible debentures

Non-convertible debentures of INR 700 crore were allotted on August 28, 2026.
The proceeds were fully utilised during the quarter ended September 30, 2026, in accordance with the objects of the issue stated in the relevant debt offer documents and agreements.
The utilisation statement in Schedule I shows amount raised of 700 Crore and funds utilised of 700 Crore, with deviation marked No.
The instruments are described as senior, secured, rated, listed, transferable, taxable, redeemable non-convertible debentures, raised on a private placement basis.

Why deviation statements matter

When a trust or company raises money, it tells investors in advance what the money will be used for. A later statement of deviation checks whether the actual use matched that plan. A "Nil" or "No" deviation means the issuer is stating that the money went where it was said to go. This is a routine check on how faithfully the raised funds were applied.

What a reader can take away

Both fund-raising exercises covered in the update — the units issued in November 2025 and the debentures issued in August 2026 — are reported with no deviation from their stated objects.
The debenture proceeds of INR 700 crore are reported as fully used up within the same quarter in which they were raised.

How to read this

This is a compliance-type disclosure rather than a business update. It does not describe new projects, new contracts, revenues or distributions. Its information value lies in confirming that the stated use of raised funds has been followed, across two separate instruments (units and debentures).

Also from Maple Infrastructure Trust