Statement of Deviation / Variation shared for the September 2026 quarter, with auditor certificate on public issue proceeds
Raajmarg Infra Investment Trust has submitted its Statement of Deviation / Variation for the quarter ended September 30, 2026 to BSE and NSE.
By ScoutQuest · · 2 min read
- Units in public issue
- 60,00,00,000 RIIT units
- Statement period
- quarter ended September 30, 2026
- Utilisation certified as on
- 30-09-2026
An InvIT, or Infrastructure Investment Trust, pools money from investors to hold operating infrastructure assets and distributes the earnings to unit holders. When an InvIT raises money through a public issue of units, it has to report periodically on how that money is being used.
What was shared
- The Investment Manager of Raajmarg Infra Investment Trust has submitted the Statement of Deviation / Variation for the quarter ended September 30, 2026 to BSE (Scrip Code 544734) and NSE (Symbol RIIT).
- The update carries a certificate from A.R. & Co., Chartered Accountants, who are the statutory auditors of the Trust.
- The certificate covers utilisation of the funds raised by the public issue of 60,00,00,000 RIIT units, as on 30-09-2026.
- The auditor certifies that the information on utilisation in the annexure to the certificate is true and correct in all material respects.
What a Statement of Deviation / Variation does
- It compares the money actually used with the objects and estimated amounts set out when the units were issued.
- Any gap between the plan and the actual use is what the word deviation or variation refers to.
- The accompanying auditor certificate gives an independent confirmation of the numbers placed before unit holders.
Why unit holders may find it useful
- It is a direct check on whether the proceeds of the public issue have been applied to the stated purposes.
- It places the utilisation position on record with both exchanges and on the Trust's website, so it can be compared quarter to quarter.
- The certificate is signed by CA Mohd Azam Ansari, Partner, for A.R. & Co.
What to keep in mind
- This is a periodic reporting document. It does not by itself announce a new project, a new acquisition or a change in the Trust's operations.
- The figures in the statement relate to a point in time, 30-09-2026, and describe fund utilisation, not the Trust's earnings or distributions.
For a retail reader, the simplest way to use this update is to look at the utilisation table alongside the objects of the issue stated at the time of the public offering, and see whether the money has moved along the lines originally set out.
The disclosure is signed by Ms. Gunjan Rajpal, Company Secretary and Compliance Officer, for Raajmarg Infra Investment Managers Private Limited, acting as Investment Manager to the Trust, and a copy has been marked to the Trustee, IDBI Trusteeship Services Limited.
Also from Raajmarg Infra Investment Trust
Board approves appointment of Mr. Sanjiv Bhatia as Nominee Director, nominated by Axis Bank
4 Nov 2026
Half-year valuation: enterprise value Rs. 10,040.5 Crore, NAV Rs. 110.12 per unit
4 Nov 2026
Half-yearly valuation: enterprise value Rs. 10,040.5 Crore, NAV Rs. 110.12 per unit
4 Nov 2026
More numbers
- RIIT units issued in the public issue60,00,00,000
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