India Grid Trust

INVITPUBLICTRANSMISSION registry symbol INDIGRID

Overview · Triage · History · Financial statements · NAV & valuation · Distributions · Assets · Earnings calls · Debt · Unitholding · Documents

Overview

Field	Value	Source
Listing class	PUBLIC	INDIGRID_e0322501dc36 p15: “in debt securities of InvITs PFRDA relaxed sponsor rating requirement for investments by NPS schemes into InvIT units Trading lot size reduced to ONE unit for publicly listed InvITs since Aug’21 ~7.”
Sector	TRANSMISSION	INDIGRID_e0322501dc36 p4: “transmission lines”
Files on disk	124
Distributions on record	11
Accepted statements	16	115 rejected (reasons below)

Triage — is the trust returning income or returning the unit?

Measure	Value	Basis
TTM DPU	16.12	declared, from the notices
TTM DPU ex return of capital	16.12	0.0% of the distribution is capital returned

History — DPU split by component

Period end	Type	DPU ₹	Interest	Dividend	Div (taxable)	Div (exempt)	Return of capital	Repayment of debt	Other	Capital returned %	Basis
2018-12-31	quarter	12.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2019-06-30	quarter	3.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2023-12-31	quarter	3.55	2.95	—	—	—	0.56	—	—	15.80	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM
2024-06-30	quarter	3.75	3.20	0.21	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM
2024-09-30	quarter	3.75	3.62	0.11	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM
2024-12-31	quarter	3.75	2.75	0.13	—	—	0.82	—	0.05	21.80	STATED_NO_PERIOD_IN_SENTENCE
2025-06-30	quarter	4.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2025-09-30	quarter	4.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2025-12-31	quarter	4.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2026-03-31	quarter	4.00	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE
2026-06-30	quarter	4.12	—	—	—	—	—	—	—	—	STATED_NO_PERIOD_IN_SENTENCE

Financial statements (accepted 16, rejected 115)

BS · STANDALONE · 2024-03-31 · INR million INDIGRID_d64431c92fc2 p153

Line	2024-03-31
INDIA GRID TRUST STANDALONE BALANCE SHEET AS AT MARCH 31, 2024 (All amounts in INR Million unless otherwise stated) Particulars Notes March 31, 2024 March 31, 2023 ASSETS Non-current assets Property, plant and equipment	0.44
Intangible assets	58.57
Financial assets i. Investment in subsidiaries	67,391.37
ii. Investments	2,176.30
iii. Loans	180,882.37
iv. Other financial assets	612.09
Other non-current assets	0.00
Income tax assets (net)	30.38
Current assets Financial assets i. Investments	691.86
ii. Cash and cash equivalent	54.54
iii. Bank Balances other than (ii) above	3,834.45
iv. Other financial assets	8,273.84
Other current assets	17.74
Total assets	264,023.95
EQUITY AND LIABILITIES Equity Unit capital	76,454.08
Other equity	3,577.54
Total unit holders' equity	80,031.62
Non-current liabilities Financial liabilities i. Borrowings	170,523.00
Current liabilities Financial liabilities i. Borrowings	10,951.95
ii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	0.24
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	400.42
iii. Other financial liabilities	2,055.91
Other current liabilities	60.81
Total liabilities	183,992.33
Total equity and liabilities	264,023.95
Summary of material accounting policies	2.20
The accompanying notes are an integral part of the standalone financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) ICAI Firm’s Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Navin Sharma Urmil Shah Partner CEO & Whole-Time Director Chief Financial Officer Company Secretary Membership Number : 111757 DIN: 02496122 ICAI Membership No.: 116039 Membership Number: A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 24, 2024 Date : May 24, 2024 Date : May 24, 2024 Date : May 24, 2024 Annual Report 2023-24	150.00

BS · CONSOLIDATED · 2024-03-31, 2023-03-31 · INR million INDIGRID_d64431c92fc2 p215

Line	2024-03-31	2023-03-31
INDIA GRID TRUST CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2024 (All amounts in INR Million unless otherwise stated) Notes March 31, 2024 March 31, 2023 ASSETS Non-current assets Property, plant and equipment	209,646.11	177,771.54
Right of use asset	439.27	179.26
Capital work-in-progress	227.36	782.13
Goodwill	3,094.34	0.00
Other intangible assets	13,922.96	461.15
Financial assets i. Trade Receivables	209.53	0.00
ii. Other financial assets	4,849.87	2,673.94
Other non-current assets	791.37	530.50
Income tax assets (net)	326.47	496.02
Current assets Inventories	255.79	53.71
Financial assets i. Investments	7,419.05	4,462.46
ii. Trade receivables	4,466.68	4,180.21
iii. Cash and cash equivalent	2,323.75	3,153.19
iv. Bank Balances other than (iii) above	5,135.41	3,883.54
v. Other financial assets	4,123.53	3,313.16
Other current assets	339.97	183.01
Total assets	257,571.46	202,123.82
EQUITY AND LIABILITIES EQUITY Unit capital	76,453.99	65,903.15
Other equity	-23,549.28	-16,326.20
Equity attributable to Unit holders of the parent	52,904.71	49,576.95
Non-controlling interests	937.73	827.89
Total equity	53,842.44	50,404.84
Non-current liabilities Financial liabilities i. Borrowings	181,258.94	135,674.58
ii. Lease Liabilities	290.20	93.30
iii. Other financial liabilities	304.95	311.58
Provisions	131.71	6.14
Deferred tax liabilities (net)	3,591.14	958.19
Current liabilities Financial liabilities i. Borrowings	11,443.89	9,256.73
ii. Lease Liabilities	44.63	25.03
iii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	30.40	8.61
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	1,045.17	740.74
iv. Other financial liabilities	4,871.07	4,207.80
Provisions	33.49	24.21
Other current liabilities	667.44	412.07
Current tax liabilities (net)	15.99	0.00
Total liabilities	203,729.02	151,718.98
Total equity and liabilities	257,571.46	202,123.82
Summary of material accounting policies	2.20	—
For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) ICAI Firm’s Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Navin Sharma Urmil Shah Partner CEO & Whole Time Director Chief Financial Officer Company Secretary Membership Number : 111757 DIN: 02496122 ICAI Membership No.: 116039 Membership No. : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 24, 2024 Date : May 24, 2024 Date : May 24, 2024 Date : May 24, 2024 The accompanying notes are an integral part of the consolidated financial statements. As per our report of even date Annual Report 2023-24	212.00	—

BS · STANDALONE · 2025-03-31, 2024-03-31 · INR million INDIGRID_30416e95646d p195

Line	2025-03-31	2024-03-31
IINDIGRID INFRASTRUCTURE TRUST (FORMERLY KNOWN AS INDIA GRID TRUST) STANDALONE BALANCE SHEET AS AT MARCH 31, 2025 (All amounts in INR Million unless otherwise stated) For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of Indigrid Infrastructure Trust) ICAI’s firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Navin Sharma Urmil Shah Partner Managing Director Chief Financial Officer Company Secretary Membership Number : 111757 DIN: 02496122 ICAI Membership No.: 116039 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 15, 2025 Date : May 15, 2025 Date : May 15, 2025 Date : May 15, 2025	188.00	—
Annual Report 2024-25 Notes March 31, 2025 March 31, 2024 ASSETS Non-current assets Property, plant and equipment	0.33	0.44
Capital work-in-progress	2.83	0.00
Intangible assets	49.40	58.57
Financial assets i. Investment in subsidiaries	65,508.60	67,391.37
ii. Investments	3,245.16	2,176.30
iii. Loans	180,963.23	180,882.37
iv. Other financial assets	463.50	612.09
Income tax assets (net)	63.08	30.38
Other non-current assets	0.50	0.00
Current assets Financial assets i. Investments	11,338.56	691.86
ii. Cash and cash equivalent	271.21	54.54
iii. Bank Balances other than (ii) above	1,454.65	1,161.74
iv. Other financial assets	13,068.78	10,946.55
Other current assets	31.81	17.74
Total assets	276,461.64	264,023.95
EQUITY AND LIABILITIES Equity Unit capital	83,322.54	76,454.08
Other equity	4,403.08	3,577.54
Total unit holders’ equity	87,725.62	80,031.62
Non-current liabilities Financial liabilities i. Borrowings	171,719.41	170,523.00
Current liabilities Financial liabilities i. Borrowings	15,956.77	10,951.95
ii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	1.12	0.24
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	68.98	400.42
iii. Other financial liabilities	970.22	2,055.91
Other current liabilities	19.52	60.81
1,7,016.61	13,469.33	—
Total liabilities	188,736.02	183,992.33
Total equity and liabilities	276,461.64	264,023.95
Summary of material accounting policies	2.20	—

BS · CONSOLIDATED · 2025-03-31, 2024-03-31 · INR million INDIGRID_30416e95646d p259

Line	2025-03-31	2024-03-31
INDIGRID INFRASTRUCTURE TRUST (FORMERLY KNOWN AS INDIA GRID TRUST) CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2025 (All amounts in INR Million unless otherwise stated) For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of Indigrid Infrastructure Trust) ICAI’s firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Navin Sharma Urmil Shah Partner Managing Director Chief Financial Officer Company Secretary Membership Number : 111757 DIN: 02496122 ICAI Membership No.: 116039 Membership No : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 15, 2025 Date : May 15, 2025 Date : May 15, 2025 Date : May 15, 2025	252.00	—
Annual Report 2024-25 Notes March 31, 2025 March 31, 2024 ASSETS Non-current assets Property, plant and equipment	203,609.00	209,646.11
Right of use asset	540.11	439.27
Capital work-in-progress	585.93	227.36
Goodwill	3,094.34	3,094.34
Other Intangible assets	13,032.06	13,922.96
Financial assets i. Investments	1,389.46	0.00
ii. Trade Receivables	73.90	209.53
iii. Other financial assets	5,399.39	4,849.87
Income Tax Asset (Net)	291.16	326.47
Other non-current assets	1,967.89	791.37
Current assets Inventories	293.86	255.79
Financial assets i. Investments	17,611.78	7,419.05
ii. Trade receivables	7,065.24	8,024.16
iii. Cash and cash equivalent	1,052.62	2,323.75
iv. Bank Balances other than (iii) above	4,037.38	1,991.95
v. Other financial assets	3,462.26	3,709.51
Other current assets	762.72	339.97
Total assets	264,269.10	257,571.46
EQUITY AND LIABILITIES Equity Unit capital	83,322.54	76,454.08
Other equity	-31,691.64	-23,549.28
Equity attributable to Unit holders of the parent	51,630.90	52,904.80
Non-controlling interests	955.97	937.73
Total equity	52,586.87	53,842.53
Non-current liabilities Financial liabilities i. Borrowings	173,497.61	181,258.94
ii. Lease liabilities	420.28	290.20
iii. Other financial liabilities	291.62	304.95
Provisions	143.18	131.71
Deferred tax liabilities (net)	3,740.42	3,591.14
Current liabilities Financial liabilities i. Borrowings	26,963.65	11,443.89
ii. Lease Liabilities	43.98	44.63
iii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	21.27	30.40
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	685.39	1,045.17
iv. Other financial liabilities	4,726.27	4,139.92
Other current liabilities	1,048.99	1,398.50
Provisions	42.96	33.49
Current tax liabilities (Net)	56.61	15.99
Total liabilities	211,682.23	203,728.93
Total equity and liabilities	264,269.10	257,571.46
Summary of material accounting policies	2.20	—

BS · STANDALONE · 2022-03-31, 2021-03-31 · UNKNOWN INDIGRID_e0322501dc36 p148

Line	2022-03-31	2021-03-31
INDIA GRID TRUST Standalone Balance Sheet as at March 31, 2022 The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 ASSETS Non-current assets Property, plant and equipment	3.10	0.92
Intangible assets	3.20	75.74
Capital work-in-progress	0.00	1.89
Financial Assets i. Investment in subsidiaries	42,734.91	37,193.07
ii. Investments	6,231.37	0.00
iii. Loans	132,476.19	111,361.96
iv. Other financial assets	456.90	0.00
Other non-current tax assets	31.83	19.71
Current assets Financial assets i. Investments	0.00	6,448.33
ii. Cash and cash equivalents	7,846.97	6,905.20
iii. Bank Balances other than (ii) above	2,322.58	841.05
iv. Other financial assets	3,261.35	550.79
Total assets	195,438.76	163,322.00
EQUITY AND LIABILITIES Equity Unit capital	65,903.15	53,145.69
Other equity Retained earnings/ (Accumulated deficit)	2,293.62	1,951.03
Total unit holders' equity	68,196.77	55,096.72
Non-current liabilities Financial liabilities i. Borrowings	107,486.42	104,017.27
Current liabilities Financial liabilities i. Borrowings	17,215.53	1,492.38
ii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	0.00	0.00
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	55.87	0.00
iii. Other financial liabilities	2,483.37	2,705.67
Other current liabilities	0.80	9.96
Total liabilities	127,241.99	108,225.28
Total equity and liabilities	195,438.76	163,322.00
Summary of significant accounting policies	2.20	146.00
Annual Report2021-22 5 years of IndiGrid The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 INDIA GRID TRUST Standalone Statement of Profit and Loss for the year ended March 31, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 INCOME Revenue from operations	20,025.39	12,488.31
Dividend income from subsidiaries	282.66	0.00
Income from investment in mutual funds	55.26	0.00
Interest income on investment in fixed deposits	106.52	78.30
Other income	19.03	0.00
Total income (I)	20,488.86	12,566.61
EXPENSES Legal and professional fees	71.69	95.34
Annual listing fee	9.83	6.18
Rating fee	28.36	46.52
Valuation expenses	8.25	3.05
Trustee fee	3.32	3.01
Audit Fees - Statutory audit fees	5.43	4.01
- Other services (including certification)	0.64	7.32
Other expenses	21.79	827.94
Depreciation expense	1.75	0.00
Finance costs	9,432.83	4,346.97
Impairment /(reversal of impairment) of investment in subsidiaries	1,672.75	-3,497.47
Total expenses (II)	11,256.64	1,842.87
Profit before tax (I-II)	9,232.22	10,723.74
Current tax	23.62	0.00
Income tax for earlier years	0.00	-1.18
Tax expense	23.62	-1.18
Profit for the year	9,208.60	10,724.92
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	9,208.60	10,724.92
Earnings per unit Basic and diluted (in `)	13.29	18.38
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	147.00

BS · CONSOLIDATED · 2022-03-31, 2021-03-31 · UNKNOWN INDIGRID_e0322501dc36 p200

Line	2022-03-31	2021-03-31
INDIA GRID TRUST Consolidated Balance Sheet as at March 31, 2022 The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 ASSETS Non-current assets Property, plant and equipment	3.10	167,882.05
Intangible assets	3.20	497.95
Capital work-in-progress	36.42	97.09
Financial Assets i. Other financial assets	3,289.66	2,856.18
Other non-current assets	639.81	333.31
Current assets Financial assets i. Investments	1,451.73	0.00
ii. Trade receivables	3,898.15	2,976.55
iii. Cash and cash equivalents	11,873.37	26,066.29
iv. Bank Balances other than (iii) above	3,167.87	1,771.81
v. Loans	0.00	0.85
vi. Other financial assets	2,675.69	2,096.22
Other current assets	157.65	257.91
Regulatory deferral account credit balances and related deferred tax balances	0.00	0.00
Total assets	195,570.35	200,354.50
EQUITY AND LIABILITIES Equity Unit capital	65,903.15	53,145.69
Other equity Retained earnings/ (Accumulated deficit)	-11,720.89	-6,389.90
Other reserves Self insurance reserve	0.00	68.13
Equity attributable to Non-controlling interests	796.58	1,681.02
Total unit holders' equity	54,978.84	48,504.92
Non-current liabilities Financial liabilities i. Borrowings	111,311.50	136,032.57
ii. Leases	26.58	32.12
ii. Other financial liabilities	286.41	0.00
Employee Benefit Obligations	8.43	3.94
Deferred tax liabilities (net)	1,049.44	921.39
Current liabilities Financial liabilities i. Borrowings	22,036.95	9,729.50
ii. Leases	15.04	13.75
iii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	9.05	23.25
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	477.24	202.08
iv. Other financial liabilities	5,067.05	4,600.46
Employee Benefit Obligations	23.33	12.37
Other current liabilities	280.49	278.15
Total liabilities	140,591.51	151,849.58
Total equity and liabilities	195,570.35	200,354.50
Summary of significant accounting policies	2.20	198.00
Annual Report2021-22 5 years of IndiGrid The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 INDIA GRID TRUST Consolidated Statement of Profit and Loss for the year ended March 31, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 INCOME Revenue from contracts with customers	22,221.83	16,769.19
Income from investment in mutual funds	193.62	129.91
Interest income on investment in fixed deposits	146.37	135.77
Other finance income	9.48	13.63
Other income	173.11	93.03
Total income (I)	22,744.41	17,141.53
EXPENSES Employee benefit expenses	288.35	140.78
Transmission infrastructure maintenance charges	441.51	300.79
Legal and professional fees	176.12	145.38
Annual listing fee	9.83	6.18
Rating fee	31.55	50.71
Valuation expenses	8.58	3.05
Trustee fee	4.63	3.48
Audit Fees - Statutory audit fees	13.98	11.22
- Tax audit fees	3.05	2.14
- Other services (including certification)	2.67	7.77
Other expenses	1,163.12	1,720.26
Depreciation and amortisation expense	6,654.86	4,304.85
Finance costs	10,501.48	6,864.95
(Reversal of impairment) /impairment of property, plant and equipment and service concession receivable	-54.97	175.11
Total expenses (II)	19,244.76	13,736.67
Regulatory Deferral Income (refer note 42)	6.93	-15.51
Profit before tax (I-II)	3,492.72	3,420.37
Tax expense Current tax	43.66	49.85
Deferred tax	10.97	24.92
Income tax for earlier years	5.34	1.51

BS · STANDALONE · 2023-03-31, 2022-03-31 · INR million INDIGRID_a981e8ae59fe p146

Line	2023-03-31	2022-03-31
INDIA GRID TRUST Standalone Balance Sheet as at March 31, 2023 The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 ASSETS Non-current assets Property, plant and equipment	0.49	0.92
Intangible assets	64.66	75.74
Investment in subsidiaries	44,921.40	42,734.91
Financial assets i. Investments	3,071.84	6,231.37
ii. Loans	156,914.84	132,476.19
iii. Other financial assets	118.30	456.90
Other non-current assets	41.91	31.83
Current assets Financial assets i. Investments	69.74	0.00
ii. Cash and cash equivalents	1,949.33	7,846.97
iii. Bank Balances other than (ii) above	3,110.76	2,322.58
iv. Other financial assets	6,190.18	3,261.35
Other current assets	4.90	0.00
Total assets	216,458.35	195,438.76
EQUITY AND LIABILITIES EQUITY Unit capital	65,903.15	65,903.15
Other equity Retained earnings/ (accumulated deficit)	3,296.07	2,293.62
Total unit holders’ equity	69,199.22	68,196.77
Non-current liabilities Financial liabilities i. Borrowings 135,674.58 107,486.42	135,674.58	107,486.42
Current liabilities Financial liabilities i. Borrowings	9,256.73	17,215.53
ii. Trade payables a. Total outstanding dues of micro and small enterprises	1.58	0.00
b. Total outstanding dues of creditors other than micro and small enterprises	73.83	55.87
iii. Other financial liabilities	2,238.26	2,483.37
Other current liabilities	14.15	0.80
Total liabilities	147,259.13	127,241.99
Total equity and liabilities	216,458.35	195,438.76
Summary of significant accounting policies	2.20	144.00
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole Time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 INDIA GRID TRUST Standalone Statement of Profit and Loss for the year ended March 31, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 INCOME Revenue from operations 21,807.67 20,025.39 Dividend income from subsidiaries	221.90	282.66
Income from investment in mutual funds	74.57	55.26
Interest income on investment in fixed deposits	184.61	106.52
Other income	0.00	19.03
Total income (I)	22,288.75	20,488.86
EXPENSES Legal and professional fees	102.15	71.69
Annual listing fee	11.38	9.83
Rating fee	24.77	28.36
Valuation expenses	5.35	8.25
Trustee fee	6.75	3.32
Audit Fees - Statutory audit fees	5.54	5.43
- Other services (including certification)	0.38	0.64
Other expenses	33.37	21.79
Depreciation and amortisation expense	12.31	1.75
Finance costs	10,009.55	9,432.83
Impairment of investment in subsidiaries	1,879.20	1,672.75
Total expenses (II)	12,090.75	11,256.64
Profit before tax (III=I-II)	10,198.00	9,232.22
Tax expense Current tax	31.88	23.62
Deferred tax	0.00	0.00
Income tax for earlier years	0.08	0.00
Tax expense (IV)	31.96	23.62
Profit for the year (III-IV)	10,166.04	9,208.60
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	10,166.04	9,208.60
Earnings per unit Basic and diluted (in INR)	14.52	13.29
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	—
Annual Report 2022-23 Introduction Corporate Overview Management Reports Financial Statements	145.00	—

BS · CONSOLIDATED · 2023-03-31, 2022-03-31 · INR million INDIGRID_a981e8ae59fe p198

Line	2023-03-31	2022-03-31
INDIA GRID TRUST Consolidated Balance Sheet as at March 31, 2023 The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 ASSETS Non-current assets Property, plant and equipment	177,840.92	167,849.54
Right of use asset	109.88	32.51
Intangible assets	461.15	497.95
Capital work-in-progress	782.13	36.42
Financial assets Other financial assets	2,673.94	3,289.66
Other non-current assets	1,026.52	639.81
Current assets Financial assets i. Investments	4,462.46	1,451.73
ii. Trade receivables	4,180.21	3,898.15
iii. Cash and cash equivalent	3,166.23	11,873.37
iv. Bank Balances other than (iii) above	3,870.50	3,167.87
v. Other financial assets	3,339.58	2,675.69
Other current assets	210.30	157.65
Total assets	202,123.82	195,570.35
EQUITY AND LIABILITIES EQUITY Unit capital	65,903.15	65,903.15
Other equity	-16,326.20	-11,720.89
Other reserves Equity attributable to Non-controlling interests	827.89	796.58
Total unit holders’ equity	50,404.84	54,978.84
Non-current liabilities Financial liabilities i. Borrowings	135,674.58	111,311.50
ii. Leases	93.30	26.58
iii. Other financial liabilities	311.58	286.41
Employee benefit obligations	11.46	8.43
Deferred tax liabilities (net)	958.19	1,049.44
Current liabilities Financial liabilities i. Borrowings	9,256.73	22,036.95
ii. Leases	25.03	15.04
iii. Trade payables a. Total outstanding dues of micro and small enterprises	8.61	9.05
b. Total outstanding dues of creditors other than micro and small enterprises	740.74	477.24
iv. Other financial liabilities	4,207.80	5,067.05
Employee benefit obligations	18.89	23.33
Other current liabilities	412.07	280.49
Total liabilities	151,718.98	140,591.51
Total equity and liabilities	202,123.82	195,570.35
Summary of significant accounting policies	2.20	196.00
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole Time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 INDIA GRID TRUST Consolidated Statement of Profit and Loss for the year ended March 31, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 INCOME Revenue from contracts with customers	23,318.12	22,221.83
Income from investment in mutual funds	362.55	193.62
Interest income on investment in fixed deposits	239.37	146.37
Other finance income	1.93	9.48
Other income	220.91	173.11
Total income (I)	24,142.88	22,744.41
EXPENSES Employee benefit expenses	351.96	288.35
Transmission infrastructure maintenance charges	526.64	441.51
Legal and professional fees	171.95	176.12
Annual listing fee	11.38	9.83
Rating fee	24.85	31.55
Valuation expenses	5.89	8.58
Trustee fee	7.70	4.63
Audit Fees - Statutory audit fees	15.16	13.98
- Tax audit fees	3.10	3.05
- Other services (including certification)	1.45	2.67
Other expenses	1,304.86	1,163.12
Depreciation and amortisation expense	7,040.70	6,654.86
Finance costs	10,108.90	10,501.48
Impairment/ (reversal of impairment) of property, plant and equipment and service concession receivable	-120.14	-54.97
Total expenses (II)	19,454.40	19,244.76
Regulatory Deferral Income	0.90	6.93
Profit before tax (III=I-II)	4,687.58	3,492.72
Tax expense Current tax	119.78	43.66
Deferred tax	-91.25	10.97
Income tax for earlier years	1.26	5.34
Tax expense (IV)	29.79	59.97
Profit for the year (III-IV)	4,657.79	3,432.75

BS · STANDALONE · 2023-03-31, 2022-03-31 · INR million INDIGRID_b1d8b1f8a863 p154

Line	2023-03-31	2022-03-31
INDIA GRID TRUST Standalone Balance Sheet as at March 31, 2023 The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 ASSETS Non-current assets Property, plant and equipment	0.49	0.92
Intangible assets	64.66	75.74
Investment in subsidiaries	44,921.40	42,734.91
Financial assets i. Investments	3,071.84	6,231.37
ii. Loans	156,914.84	132,476.19
iii. Other financial assets	118.30	456.90
Other non-current assets	41.91	31.83
Current assets Financial assets i. Investments	69.74	0.00
ii. Cash and cash equivalents	1,949.33	7,846.97
iii. Bank Balances other than (ii) above	3,110.76	2,322.58
iv. Other financial assets	6,190.18	3,261.35
Other current assets	4.90	0.00
Total assets	216,458.35	195,438.76
EQUITY AND LIABILITIES EQUITY Unit capital	65,903.15	65,903.15
Other equity Retained earnings/ (accumulated deficit)	3,296.07	2,293.62
Total unit holders’ equity	69,199.22	68,196.77
Non-current liabilities Financial liabilities i. Borrowings 135,674.58 107,486.42	135,674.58	107,486.42
Current liabilities Financial liabilities i. Borrowings	9,256.73	17,215.53
ii. Trade payables a. Total outstanding dues of micro and small enterprises	1.58	0.00
b. Total outstanding dues of creditors other than micro and small enterprises	73.83	55.87
iii. Other financial liabilities	2,238.26	2,483.37
Other current liabilities	14.15	0.80
Total liabilities	147,259.13	127,241.99
Total equity and liabilities	216,458.35	195,438.76
Summary of significant accounting policies	2.20	144.00
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole Time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 INDIA GRID TRUST Standalone Statement of Profit and Loss for the year ended March 31, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 INCOME Revenue from operations 21,807.67 20,025.39 Dividend income from subsidiaries	221.90	282.66
Income from investment in mutual funds	74.57	55.26
Interest income on investment in fixed deposits	184.61	106.52
Other income	0.00	19.03
Total income (I)	22,288.75	20,488.86
EXPENSES Legal and professional fees	102.15	71.69
Annual listing fee	11.38	9.83
Rating fee	24.77	28.36
Valuation expenses	5.35	8.25
Trustee fee	6.75	3.32
Audit Fees - Statutory audit fees	5.54	5.43
- Other services (including certification)	0.38	0.64
Other expenses	33.37	21.79
Depreciation and amortisation expense	12.31	1.75
Finance costs	10,009.55	9,432.83
Impairment of investment in subsidiaries	1,879.20	1,672.75
Total expenses (II)	12,090.75	11,256.64
Profit before tax (III=I-II)	10,198.00	9,232.22
Tax expense Current tax	31.88	23.62
Deferred tax	0.00	0.00
Income tax for earlier years	0.08	0.00
Tax expense (IV)	31.96	23.62
Profit for the year (III-IV)	10,166.04	9,208.60
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	10,166.04	9,208.60
Earnings per unit Basic and diluted (in INR)	14.52	13.29
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	—
Annual Report 2022-23 Introduction Corporate Overview Management Reports Financial Statements	145.00	—

BS · CONSOLIDATED · 2023-03-31, 2022-03-31 · INR million INDIGRID_b1d8b1f8a863 p206

Line	2023-03-31	2022-03-31
INDIA GRID TRUST Consolidated Balance Sheet as at March 31, 2023 The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 ASSETS Non-current assets Property, plant and equipment	177,840.92	167,849.54
Right of use asset	109.88	32.51
Intangible assets	461.15	497.95
Capital work-in-progress	782.13	36.42
Financial assets Other financial assets	2,673.94	3,289.66
Other non-current assets	1,026.52	639.81
Current assets Financial assets i. Investments	4,462.46	1,451.73
ii. Trade receivables	4,180.21	3,898.15
iii. Cash and cash equivalent	3,166.23	11,873.37
iv. Bank Balances other than (iii) above	3,870.50	3,167.87
v. Other financial assets	3,339.58	2,675.69
Other current assets	210.30	157.65
Total assets	202,123.82	195,570.35
EQUITY AND LIABILITIES EQUITY Unit capital	65,903.15	65,903.15
Other equity	-16,326.20	-11,720.89
Other reserves Equity attributable to Non-controlling interests	827.89	796.58
Total unit holders’ equity	50,404.84	54,978.84
Non-current liabilities Financial liabilities i. Borrowings	135,674.58	111,311.50
ii. Leases	93.30	26.58
iii. Other financial liabilities	311.58	286.41
Employee benefit obligations	11.46	8.43
Deferred tax liabilities (net)	958.19	1,049.44
Current liabilities Financial liabilities i. Borrowings	9,256.73	22,036.95
ii. Leases	25.03	15.04
iii. Trade payables a. Total outstanding dues of micro and small enterprises	8.61	9.05
b. Total outstanding dues of creditors other than micro and small enterprises	740.74	477.24
iv. Other financial liabilities	4,207.80	5,067.05
Employee benefit obligations	18.89	23.33
Other current liabilities	412.07	280.49
Total liabilities	151,718.98	140,591.51
Total equity and liabilities	202,123.82	195,570.35
Summary of significant accounting policies	2.20	196.00
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (as Investment Manager of India Grid Trust) Firm Registration No. 324982E/E300003 per Huzefa Ginwala Harsh Shah Urmil Shah Navin Sharma Partner CEO & Whole Time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : A23423 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 Date : May 12, 2023 INDIA GRID TRUST Consolidated Statement of Profit and Loss for the year ended March 31, 2023 (All amounts in INR Million unless otherwise stated) Notes March 31, 2023 March 31, 2022 INCOME Revenue from contracts with customers	23,318.12	22,221.83
Income from investment in mutual funds	362.55	193.62
Interest income on investment in fixed deposits	239.37	146.37
Other finance income	1.93	9.48
Other income	220.91	173.11
Total income (I)	24,142.88	22,744.41
EXPENSES Employee benefit expenses	351.96	288.35
Transmission infrastructure maintenance charges	526.64	441.51
Legal and professional fees	171.95	176.12
Annual listing fee	11.38	9.83
Rating fee	24.85	31.55
Valuation expenses	5.89	8.58
Trustee fee	7.70	4.63
Audit Fees - Statutory audit fees	15.16	13.98
- Tax audit fees	3.10	3.05
- Other services (including certification)	1.45	2.67
Other expenses	1,304.86	1,163.12
Depreciation and amortisation expense	7,040.70	6,654.86
Finance costs	10,108.90	10,501.48
Impairment/ (reversal of impairment) of property, plant and equipment and service concession receivable	-120.14	-54.97
Total expenses (II)	19,454.40	19,244.76
Regulatory Deferral Income	0.90	6.93
Profit before tax (III=I-II)	4,687.58	3,492.72
Tax expense Current tax	119.78	43.66
Deferred tax	-91.25	10.97
Income tax for earlier years	1.26	5.34
Tax expense (IV)	29.79	59.97
Profit for the year (III-IV)	4,657.79	3,432.75

BS · CONSOLIDATED · 2020-03-31, 2019-03-31 · INR million INDIGRID_f4ab17fe9e07 p103

Line	2020-03-31	2019-03-31
100 \| Annual Report 2019-20 CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2020 (All amounts in INR million unless otherwise stated) Notes March 31, 2020 March 31, 2019 ASSETS Non-current assets Property, plant and equipment	108,163.16	49,827.62
Financial assets i. Other financial assets	9.86	3.57
Other assets	382.34	192.25
Current assets Financial assets i. Investments	0.00	75.72
ii. Trade receivables	2,458.33	1,140.61
iii. Cash and cash equivalents	4,088.41	1,603.66
iv. Bank balances other than (iii) above	1,299.74	19.66
v. Other financial assets	1,282.63	553.26
Other current assets	235.72	45.91
Total Assets	117,920.19	53,462.26
EQUITY AND LIABILITIES Equity Unit capital	53,145.69	28,380.00
Other equity Retained earnings / (accumulated deficit)	-2,659.44	-1,613.89
Total Unit holders’ equity	50,486.25	26,766.11
Non-current liabilities Financial liabilities i. Borrowings	62,637.00	25,902.00
ii. Other financial liabilities	0.00	156.72
Deferred tax liabilities (net)	602.06	0.00
Current liabilities Financial liabilities i. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	105.32	54.10
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	227.59	107.86
ii. Other financial liabilities	3,617.60	462.98
Other current liabilities	240.27	12.42
Current tax liability	4.10	0.07
Total liabilities	67,433.94	26,696.15
Total equity and liabilities	117,920.19	53,462.26
Summary of significant accounting policies	2.30	—
The accompanying notes are an integral part of the consolidated financial statements. As per our report of even date For S R B C & Co LLP For and on behalf of the Board of Directors of Sterlite Investment Managers Limited Chartered Accountants Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Arvind Sethi Harsh Shah Swapnil Patil Partner CEO & Whole Time Director Company Secretary Membership Number : 089802 DIN: 02496122 Place : Pune Place : Mumbai Place : Mumbai Date : May 27, 2020 Date : May 27, 2020 Date : May 27, 2020 INTRODUCTION CORPORATE OVERVIEW MANAGEMENT REPORTS FINANCIAL STATEMENTS Annual Report 2019-20 \| 101 CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2020 (All amounts in INR million unless otherwise stated) Notes March 31, 2020 March 31, 2019 INCOME Revenue from contracts with customers	12,427.13	6,655.70
Income from investment in mutual funds	190.89	48.64
Interest income on investment in fixed deposits	102.09	22.63
Other finance income	0.32	0.00
Other income	65.51	12.08
Total income (I)	12,785.94	6,739.05
EXPENSES Transmission infrastructure maintenance charges	240.38	175.57
Insurance expenses	147.02	87.00
Investment manager fees (refer note 36)	238.79	130.53
Project manager fees (refer note 36)	63.66	39.54
Legal and professional fees	117.85	82.34
Valuation expenses	4.89	3.70
Trustee fee	3.60	2.16
Vehicle hire charges	13.51	7.26
Rates & taxes	37.76	34.68
Payment to auditors (including for subsidiaries) - Statutory audit fees	7.07	4.74
- Tax audit fees	2.71	1.67
- Other services (including certification)	1.22	3.11
Other expenses	110.07	59.24
Depreciation expense	3,101.12	1,809.22
Impairment / (reversal of impairment) of property, plant and equipment	-456.96	456.96
Finance costs	4,153.38	2,295.83
Total expenses (II)	7,786.07	5,193.55
Profit before tax (I) - (II)	4,999.87	1,545.50
Tax expense Current tax	56.96	6.08
Deferred tax	-114.29	0.00
Income tax for earlier years	0.00	0.28
Profit for the year	5,057.20	1,539.14
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	5,057.20	1,539.14
Earnings per unit (Computed on the basis of profit for the year (INR) Basic	9.13	5.42
Diluted	9.13	5.32
Summary of significant accounting policies	2.30	—

BS · STANDALONE · 2020-03-31, 2019-03-31 · INR million INDIGRID_f4ab17fe9e07 p171

Line	2020-03-31	2019-03-31
168 \| Annual Report 2019-20 STANDALONE BALANCE SHEET As At March 31, 2020 (All amounts in INR million unless otherwise stated) Notes March 31, 2020 March 31, 2019 ASSETS Non-current assets Investment in subsidiaries	15,169.05	735.53
Financial assets i. Investments	3,314.99	5,338.62
ii. Loans	70,713.80	37,064.04
Current assets Financial assets i. Cash and cash equivalents	2,128.83	1,290.23
ii. Bank balances other than (i) above	798.90	0.00
iii. Loans	560.61	0.00
iv. Other current financial assets	331.49	462.06
Total Assets	93,017.67	44,890.48
EQUITY AND LIABILITIES Equity Unit capital	53,145.69	28,380.00
Other equity Retained earnings / (accumulated deficit)	-1,713.72	-519.17
Total Unit holders’ equity	51,431.97	27,860.83
Non-current liabilities Financial liabilities i. Borrowings	39,482.21	16,795.46
ii. Other financial liabilities	0.00	156.72
Current liabilities Financial liabilities i. Other financial liabilities	2,090.33	74.96
Other current liabilities	9.06	2.44
Current tax liability	4.10	0.07
Total liabilities	41,585.70	17,029.65
Total equity and liabilities	93,017.67	44,890.48
Summary of significant accounting policies	2.20	—
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & Co LLP For and on behalf of the Board of Directors of Sterlite Investment Managers Limited Chartered Accountants Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Arvind Sethi Harsh Shah Swapnil Patil Partner CEO & Whole Time Director Company Secretary Membership Number : 089802 DIN: 02496122 Place : Pune Place : Mumbai Place : Mumbai Date : May 27, 2020 Date : May 27, 2020 Date : May 27, 2020 INTRODUCTION CORPORATE OVERVIEW MANAGEMENT REPORTS FINANCIAL STATEMENTS Annual Report 2019-20 \| 169 STANDALONE PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2020 (All amounts in INR million unless otherwise stated) Notes March 31, 2020 March 31, 2019 INCOME Revenue from operations	10,554.10	5,525.07
Income from investment in mutual funds	97.44	10.52
Interest income on investment in fixed deposits	80.22	16.72
Other income	0.00	0.23
Total income (I)	10,731.76	5,552.54
EXPENSES Legal and professional fees	97.90	74.99
Annual listing fee	6.30	3.80
Rating fee	34.74	6.15
Valuation expenses	4.89	3.70
Trustee fee	3.46	2.16
Payment to auditors - Statutory audit	2.36	2.36
- Tax audit fees	0.24	0.24
- Other services (including certification)	0.00	3.02
Other expenses	8.50	5.17
Finance costs	2,980.99	1,015.45
Impairment of investments in subsidiary	2,627.22	2,316.84
Total expenses (II)	5,766.60	3,433.88
Profit before tax (I) - (II)	4,965.16	2,118.66
Tax expense Current tax	56.96	6.08
Income tax for earlier years	0.00	0.16
Profit for the year	4,908.20	2,112.42
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Total comprehensive income for the year	4,908.20	2,112.42
Earnings per unit (Computed on the basis of profit for the year (INR) Basic	8.86	7.44
Diluted	8.86	7.30
Summary of significant accounting policies	2.20	—

BS · STANDALONE · 2022-03-31, 2021-03-31 · UNKNOWN INDIGRID_c3f1a9b6ec02 p158

Line	2022-03-31	2021-03-31
INDIA GRID TRUST Standalone Balance Sheet as at March 31, 2022 The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 ASSETS Non-current assets Property, plant and equipment	3.10	0.92
Intangible assets	3.20	75.74
Capital work-in-progress	0.00	1.89
Financial Assets i. Investment in subsidiaries	42,734.91	37,193.07
ii. Investments	6,231.37	0.00
iii. Loans	132,476.19	111,361.96
iv. Other financial assets	456.90	0.00
Other non-current tax assets	31.83	19.71
Current assets Financial assets i. Investments	0.00	6,448.33
ii. Cash and cash equivalents	7,846.97	6,905.20
iii. Bank Balances other than (ii) above	2,322.58	841.05
iv. Other financial assets	3,261.35	550.79
Total assets	195,438.76	163,322.00
EQUITY AND LIABILITIES Equity Unit capital	65,903.15	53,145.69
Other equity Retained earnings/ (Accumulated deficit)	2,293.62	1,951.03
Total unit holders' equity	68,196.77	55,096.72
Non-current liabilities Financial liabilities i. Borrowings	107,486.42	104,017.27
Current liabilities Financial liabilities i. Borrowings	17,215.53	1,492.38
ii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	0.00	0.00
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	55.87	0.00
iii. Other financial liabilities	2,483.37	2,705.67
Other current liabilities	0.80	9.96
Total liabilities	127,241.99	108,225.28
Total equity and liabilities	195,438.76	163,322.00
Summary of significant accounting policies	2.20	146.00
Annual Report2021-22 5 years of IndiGrid The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 INDIA GRID TRUST Standalone Statement of Profit and Loss for the year ended March 31, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 INCOME Revenue from operations	20,025.39	12,488.31
Dividend income from subsidiaries	282.66	0.00
Income from investment in mutual funds	55.26	0.00
Interest income on investment in fixed deposits	106.52	78.30
Other income	19.03	0.00
Total income (I)	20,488.86	12,566.61
EXPENSES Legal and professional fees	71.69	95.34
Annual listing fee	9.83	6.18
Rating fee	28.36	46.52
Valuation expenses	8.25	3.05
Trustee fee	3.32	3.01
Audit Fees - Statutory audit fees	5.43	4.01
- Other services (including certification)	0.64	7.32
Other expenses	21.79	827.94
Depreciation expense	1.75	0.00
Finance costs	9,432.83	4,346.97
Impairment /(reversal of impairment) of investment in subsidiaries	1,672.75	-3,497.47
Total expenses (II)	11,256.64	1,842.87
Profit before tax (I-II)	9,232.22	10,723.74
Current tax	23.62	0.00
Income tax for earlier years	0.00	-1.18
Tax expense	23.62	-1.18
Profit for the year	9,208.60	10,724.92
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	9,208.60	10,724.92
Earnings per unit Basic and diluted (in `)	13.29	18.38
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	147.00

BS · CONSOLIDATED · 2022-03-31, 2021-03-31 · UNKNOWN INDIGRID_c3f1a9b6ec02 p210

Line	2022-03-31	2021-03-31
INDIA GRID TRUST Consolidated Balance Sheet as at March 31, 2022 The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 ASSETS Non-current assets Property, plant and equipment	3.10	167,882.05
Intangible assets	3.20	497.95
Capital work-in-progress	36.42	97.09
Financial Assets i. Other financial assets	3,289.66	2,856.18
Other non-current assets	639.81	333.31
Current assets Financial assets i. Investments	1,451.73	0.00
ii. Trade receivables	3,898.15	2,976.55
iii. Cash and cash equivalents	11,873.37	26,066.29
iv. Bank Balances other than (iii) above	3,167.87	1,771.81
v. Loans	0.00	0.85
vi. Other financial assets	2,675.69	2,096.22
Other current assets	157.65	257.91
Regulatory deferral account credit balances and related deferred tax balances	0.00	0.00
Total assets	195,570.35	200,354.50
EQUITY AND LIABILITIES Equity Unit capital	65,903.15	53,145.69
Other equity Retained earnings/ (Accumulated deficit)	-11,720.89	-6,389.90
Other reserves Self insurance reserve	0.00	68.13
Equity attributable to Non-controlling interests	796.58	1,681.02
Total unit holders' equity	54,978.84	48,504.92
Non-current liabilities Financial liabilities i. Borrowings	111,311.50	136,032.57
ii. Leases	26.58	32.12
ii. Other financial liabilities	286.41	0.00
Employee Benefit Obligations	8.43	3.94
Deferred tax liabilities (net)	1,049.44	921.39
Current liabilities Financial liabilities i. Borrowings	22,036.95	9,729.50
ii. Leases	15.04	13.75
iii. Trade payables a. Total outstanding dues of micro enterprises and small enterprises	9.05	23.25
b. Total outstanding dues of creditors other than micro enterprises and small enterprises	477.24	202.08
iv. Other financial liabilities	5,067.05	4,600.46
Employee Benefit Obligations	23.33	12.37
Other current liabilities	280.49	278.15
Total liabilities	140,591.51	151,849.58
Total equity and liabilities	195,570.35	200,354.50
Summary of significant accounting policies	2.20	198.00
Annual Report2021-22 5 years of IndiGrid The accompanying notes are an integral part of the financial statements As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Chartered Accountants Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 Date : May 20, 2022 INDIA GRID TRUST Consolidated Statement of Profit and Loss for the year ended March 31, 2022 (All amounts in ` Million unless otherwise stated) Notes March 31, 2022 March 31, 2021 INCOME Revenue from contracts with customers	22,221.83	16,769.19
Income from investment in mutual funds	193.62	129.91
Interest income on investment in fixed deposits	146.37	135.77
Other finance income	9.48	13.63
Other income	173.11	93.03
Total income (I)	22,744.41	17,141.53
EXPENSES Employee benefit expenses	288.35	140.78
Transmission infrastructure maintenance charges	441.51	300.79
Legal and professional fees	176.12	145.38
Annual listing fee	9.83	6.18
Rating fee	31.55	50.71
Valuation expenses	8.58	3.05
Trustee fee	4.63	3.48
Audit Fees - Statutory audit fees	13.98	11.22
- Tax audit fees	3.05	2.14
- Other services (including certification)	2.67	7.77
Other expenses	1,163.12	1,720.26
Depreciation and amortisation expense	6,654.86	4,304.85
Finance costs	10,501.48	6,864.95
(Reversal of impairment) /impairment of property, plant and equipment and service concession receivable	-54.97	175.11
Total expenses (II)	19,244.76	13,736.67
Regulatory Deferral Income (refer note 42)	6.93	-15.51
Profit before tax (I-II)	3,492.72	3,420.37
Tax expense Current tax	43.66	49.85
Deferred tax	10.97	24.92
Income tax for earlier years	5.34	1.51

BS · STANDALONE · 2021-03-31, 2020-03-31 · INR million INDIGRID_674f9943076e p222

Line	2021-03-31	2020-03-31
Annual Report 2020-21 STANDALONE BALANCE SHEET As At 31 March 2021 (All amounts in Rs. million unless otherwise stated) Notes 31 March 2021 31 March 2020 ASSETS Non-current assets Capital work-in-progress	1.89	0.00
Investment in subsidiaries	37,193.07	15,169.05
Financial Assets i. Investments	0.00	3,314.99
ii. Loans	111,361.96	70,713.80
Non-current tax assets	19.71	0.00
Current assets Financial assets i. Investments	6,448.33	0.00
ii. Cash and cash equivalents	6,905.20	2,128.83
iii. Bank balances other than (ii) above	841.05	798.90
iv. Loans	0.00	560.61
v. Other financial assets	550.79	331.49
Total Assets	163,322.00	93,017.67
EQUITY AND LIABILITIES Equity Unit capital	53,145.69	53,145.69
Other equity Retained earnings / (Accumulated deficit)	1,951.03	-1,713.72
Total unit holders’ equity	55,096.72	51,431.97
Non-current liabilities Financial liabilities Borrowings	104,017.27	39,482.21
Current liabilities Financial liabilities Other financial liabilities	4,198.05	2,090.33
Other current liabilities	9.96	9.06
Current tax liability	0.00	4.10
Total liabilities	108,225.28	41,585.70
Total equity and liabilities	163,322.00	93,017.67
Summary of significant accounting policies	2.20	—
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Chartered Accountants Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : 27 May 2021 Date : 27 May 2021 Date : 27 May 2021 Date : 27 May 2021 INDIA GRID TRUST	221.00	—
Corporate Overview Introduction Management Reports Financial Statements STANDALONE Statement of PROFIT AND LOSS FOR THE YEAR ENDED 31 MARCH 2021 (All amounts in Rs. million unless otherwise stated) Notes 31 March 2021 31 March 2020 INCOME Revenue from operations	12,488.31	10,554.10
Income from investment in mutual funds	0.00	97.44
Interest income on investment in fixed deposits	78.30	80.22
Total income (I)	12,566.61	10,731.76
EXPENSES Legal and professional fees	95.34	97.90
Annual listing fee	6.18	6.30
Rating fee	46.52	34.74
Valuation expenses	3.05	4.89
Trustee fee	3.01	3.46
Audit Fees - Statutory audit fees	4.01	2.36
- Tax audit fees	0.00	0.24
- Other services (including certification)	7.32	0.00
Other expenses	827.94	8.50
Finance costs	4,346.97	2,980.99
(Reversal of impairment)/ Impairment of investment in subsidiaries	-3,497.47	2,627.22
Total expenses (II)	1,842.87	5,766.60
Profit before tax (I) - (II)	10,723.74	4,965.16
Current tax	0.00	56.96
Income tax for earlier years	-1.18	0.00
Tax expense	-1.18	56.96
Profit for the year	10,724.92	4,908.20
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	10,724.92	4,908.20
Earnings per unit Basic and diluted (in Rs.)	18.38	8.86
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	—

BS · STANDALONE · 2021-03-31, 2020-03-31 · INR million INDIGRID_79d937bc9eb8 p234

Line	2021-03-31	2020-03-31
Annual Report 2020-21 STANDALONE BALANCE SHEET As At 31 March 2021 (All amounts in Rs. million unless otherwise stated) Notes 31 March 2021 31 March 2020 ASSETS Non-current assets Capital work-in-progress	1.89	0.00
Investment in subsidiaries	37,193.07	15,169.05
Financial Assets i. Investments	0.00	3,314.99
ii. Loans	111,361.96	70,713.80
Non-current tax assets	19.71	0.00
Current assets Financial assets i. Investments	6,448.33	0.00
ii. Cash and cash equivalents	6,905.20	2,128.83
iii. Bank balances other than (ii) above	841.05	798.90
iv. Loans	0.00	560.61
v. Other financial assets	550.79	331.49
Total Assets	163,322.00	93,017.67
EQUITY AND LIABILITIES Equity Unit capital	53,145.69	53,145.69
Other equity Retained earnings / (Accumulated deficit)	1,951.03	-1,713.72
Total unit holders’ equity	55,096.72	51,431.97
Non-current liabilities Financial liabilities Borrowings	104,017.27	39,482.21
Current liabilities Financial liabilities Other financial liabilities	4,198.05	2,090.33
Other current liabilities	9.96	9.06
Current tax liability	0.00	4.10
Total liabilities	108,225.28	41,585.70
Total equity and liabilities	163,322.00	93,017.67
Summary of significant accounting policies	2.20	—
The accompanying notes are an integral part of the financial statements. As per our report of even date For S R B C & CO LLP For and on behalf of the Board of Directors of Indigrid Investment Managers Limited (formerly Sterlite Investment Managers Limited) Chartered Accountants Firm Registration No. 324982E/E300003 (as Investment Manager of India Grid Trust) per Huzefa Ginwala Harsh Shah Swapnil Patil Jyoti Kumar Agarwal Partner CEO & Whole-time Director Company Secretary Chief Financial Officer Membership Number : 111757 DIN: 02496122 Membership Number : 24861 Place : Pune Place : Mumbai Place : Mumbai Place : Mumbai Date : 27 May 2021 Date : 27 May 2021 Date : 27 May 2021 Date : 27 May 2021 INDIA GRID TRUST	221.00	—
Corporate Overview Introduction Management Reports Financial Statements STANDALONE Statement of PROFIT AND LOSS FOR THE YEAR ENDED 31 MARCH 2021 (All amounts in Rs. million unless otherwise stated) Notes 31 March 2021 31 March 2020 INCOME Revenue from operations	12,488.31	10,554.10
Income from investment in mutual funds	0.00	97.44
Interest income on investment in fixed deposits	78.30	80.22
Total income (I)	12,566.61	10,731.76
EXPENSES Legal and professional fees	95.34	97.90
Annual listing fee	6.18	6.30
Rating fee	46.52	34.74
Valuation expenses	3.05	4.89
Trustee fee	3.01	3.46
Audit Fees - Statutory audit fees	4.01	2.36
- Tax audit fees	0.00	0.24
- Other services (including certification)	7.32	0.00
Other expenses	827.94	8.50
Finance costs	4,346.97	2,980.99
(Reversal of impairment)/ Impairment of investment in subsidiaries	-3,497.47	2,627.22
Total expenses (II)	1,842.87	5,766.60
Profit before tax (I) - (II)	10,723.74	4,965.16
Current tax	0.00	56.96
Income tax for earlier years	-1.18	0.00
Tax expense	-1.18	56.96
Profit for the year	10,724.92	4,908.20
Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income not to be reclassified to profit or loss in subsequent periods	0.00	0.00
Other comprehensive income for the year	0.00	0.00
Total comprehensive income for the year	10,724.92	4,908.20
Earnings per unit Basic and diluted (in Rs.)	18.38	8.86
(Computed on the basis of profit for the year) Summary of significant accounting policies	2.20	—

Rejected statements

Statement	Scope	Columns	Reason	Source
BS	CONSOLIDATED		PERIOD_NOT_ATTRIBUTABLE	INDIGRID_dc9b9ff9e72a p147
PL	CONSOLIDATED	2024-09-30, 2023-09-30	NO_TOTALS	INDIGRID_dc9b9ff9e72a p148
PL	STANDALONE	2024-09-30, 2023-09-30	NO_TOTALS	INDIGRID_dc9b9ff9e72a p151
NDCF	CONSOLIDATED	2024-09-30, 2023-09-30, 2024-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_dc9b9ff9e72a p208
NDCF	CONSOLIDATED	2024-09-30, 2023-09-30, 2024-03-31	NO_TOTALS	INDIGRID_dc9b9ff9e72a p209
NDCF	UNSTATED	2023-09-30, 2024-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_dc9b9ff9e72a p267
BS	CONSOLIDATED		PERIOD_NOT_ATTRIBUTABLE	INDIGRID_a7f3d2ef6f4c p144
PL	CONSOLIDATED	2023-09-30, 2022-09-30	NO_TOTALS	INDIGRID_a7f3d2ef6f4c p145
PL	STANDALONE	2023-09-30, 2022-09-30	NO_TOTALS	INDIGRID_a7f3d2ef6f4c p149
NDCF	UNSTATED	2023-09-30, 2023-06-30, 2022-09-30, 2023-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_a7f3d2ef6f4c p154
NDCF	UNSTATED	2026-06-30, 2026-03-31, 2025-06-30	NO_TOTALS	INDIGRID_8b50e22bd4b8 p5
NDCF	UNSTATED	2026-06-30, 2026-03-31, 2025-06-30	NO_TOTALS	INDIGRID_8b50e22bd4b8 p21
NDCF	UNSTATED	2026-06-30, 2026-03-31, 2025-06-30	NO_TOTALS	INDIGRID_8b50e22bd4b8 p22
NAV	STANDALONE		NO_TOTALS	INDIGRID_71e5243840c4 p37
BS	UNSTATED	2022-03-31	NO_TOTAL_ASSETS	INDIGRID_ae3ee90f7ed9 p9
NAV	STANDALONE		NO_TOTALS	INDIGRID_d64431c92fc2 p150
TR	STANDALONE		NO_TOTALS	INDIGRID_d64431c92fc2 p150
PL	STANDALONE	2024-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p154
CF	STANDALONE	2024-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p156
NDCF	UNSTATED		NO_TOTALS	INDIGRID_d64431c92fc2 p183
NAV	CONSOLIDATED	2024-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p212
TR	CONSOLIDATED		NO_TOTALS	INDIGRID_d64431c92fc2 p212
PL	CONSOLIDATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p216
CF	CONSOLIDATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p219
NDCF	UNSTATED	2024-03-31, 2023-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_d64431c92fc2 p223
NDCF	UNSTATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p224
NDCF	UNSTATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p227
NDCF	UNSTATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p231
NDCF	UNSTATED	2024-03-31, 2023-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p239
NDCF	UNSTATED	2024-03-31	NO_TOTALS	INDIGRID_d64431c92fc2 p247
NDCF	UNSTATED		NO_TOTALS	INDIGRID_30416e95646d p12
NAV	STANDALONE		NO_TOTALS	INDIGRID_30416e95646d p192
TR	STANDALONE		NO_TOTALS	INDIGRID_30416e95646d p192
PL	STANDALONE	2025-03-31, 2024-03-31	NO_TOTALS	INDIGRID_30416e95646d p196
NDCF	UNSTATED	2024-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_30416e95646d p252
PL	CONSOLIDATED	2025-03-31, 2024-03-31	NO_TOTALS	INDIGRID_30416e95646d p260
CF	CONSOLIDATED	2025-03-31, 2024-03-31	NO_TOTALS	INDIGRID_30416e95646d p263
NAV	UNSTATED	2025-03-31, 2024-03-31	NO_TOTALS	INDIGRID_30416e95646d p265
NDCF	UNSTATED	2025-03-31	NO_TOTALS	INDIGRID_30416e95646d p268
NDCF	UNSTATED	2024-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_30416e95646d p390
NDCF	UNSTATED	2024-03-31	NO_TOTALS	INDIGRID_30416e95646d p391
NAV	UNSTATED	2022-03-31, 2021-03-31	NO_TOTALS	INDIGRID_e0322501dc36 p153
NDCF	UNSTATED	2022-03-31, 2021-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_e0322501dc36 p154
TR	UNSTATED		NO_TOTALS	INDIGRID_e0322501dc36 p197
NAV	UNSTATED	2022-03-31, 2021-03-31	NO_TOTALS	INDIGRID_e0322501dc36 p205
TR	UNSTATED	2022-03-31, 2021-03-31	TOTAL_DOES_NOT_TIE:A+B!=C	INDIGRID_e0322501dc36 p206
NDCF	UNSTATED	2022-03-31, 2021-03-31	NO_TOTALS	INDIGRID_e0322501dc36 p207
NAV	STANDALONE	2019-03-31	NO_TOTALS	INDIGRID_bb527ebe39cc p87
TR	STANDALONE		NO_TOTALS	INDIGRID_bb527ebe39cc p87
PL	STANDALONE	2019-03-31, 2018-03-31	NO_TOTALS	INDIGRID_bb527ebe39cc p90
NAV	UNSTATED	2019-03-31, 2019-03-31	NO_TOTALS	INDIGRID_bb527ebe39cc p94
NDCF	UNSTATED	2019-03-31, 2018-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_bb527ebe39cc p95
NDCF	CONSOLIDATED		NO_TOTALS	INDIGRID_bb527ebe39cc p119
NAV	CONSOLIDATED		NO_TOTALS	INDIGRID_bb527ebe39cc p120
TR	CONSOLIDATED		NO_TOTALS	INDIGRID_bb527ebe39cc p120
NAV	CONSOLIDATED	2019-03-31, 2018-03-31	NO_TOTALS	INDIGRID_bb527ebe39cc p128
NDCF	UNSTATED	2019-03-31, 2018-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_bb527ebe39cc p129
NDCF	UNSTATED	2019-03-31, 2018-03-31	NO_TOTALS	INDIGRID_bb527ebe39cc p130
CF	UNSTATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p149
TR	UNSTATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p178
NAV	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p194
TR	CONSOLIDATED		NO_TOTALS	INDIGRID_a981e8ae59fe p194
CF	CONSOLIDATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p201
NDCF	UNSTATED	2023-03-31, 2022-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_a981e8ae59fe p204
TR	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p224
NDCF	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_a981e8ae59fe p224
CF	UNSTATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p157
TR	UNSTATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p186
NAV	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p202
TR	CONSOLIDATED		NO_TOTALS	INDIGRID_b1d8b1f8a863 p202
CF	CONSOLIDATED	2023-03-31, 2022-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p209
NDCF	UNSTATED	2023-03-31, 2022-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_b1d8b1f8a863 p212
TR	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p232
NDCF	CONSOLIDATED	2023-03-31	NO_TOTALS	INDIGRID_b1d8b1f8a863 p232
NDCF	CONSOLIDATED		NO_TOTALS	INDIGRID_f4ab17fe9e07 p98
NAV	CONSOLIDATED		NO_TOTALS	INDIGRID_f4ab17fe9e07 p100
TR	CONSOLIDATED		NO_TOTALS	INDIGRID_f4ab17fe9e07 p100
NAV	CONSOLIDATED	2020-03-31, 2019-03-31	NO_TOTALS	INDIGRID_f4ab17fe9e07 p108
NDCF	UNSTATED	2020-03-31, 2019-03-31	TOTAL_DOES_NOT_TIE:A-B!=NDCF	INDIGRID_f4ab17fe9e07 p109
NDCF	UNSTATED	2020-03-31, 2019-03-31	NO_TOTALS	INDIGRID_f4ab17fe9e07 p110

NAV & valuation

No accepted Statement of Net Assets at Fair Value on disk for this trust.

Property/project-wise fair values: not extracted in this release; 14 valuation report(s) on disk.

Distributions

Period end	DPU ₹	Basis	Record date	Payment date	Total (₹ mn)	Source
2018-12-31	12.00	STATED_NO_PERIOD_IN_SENTENCE	—	—	UNITS_UNAVAILABLE	open PDF at page
2019-06-30	3.00	STATED_NO_PERIOD_IN_SENTENCE	2019-08-05	—	not stated	open PDF at page
2023-12-31	3.55	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM	2024-01-31	2024-02-09	not stated	open PDF at page
2024-06-30	3.75	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM	2024-07-30	2024-08-08	not stated	open PDF at page
2024-09-30	3.75	STATED_NO_PERIOD_IN_SENTENCE_COMPONENTS_DO_NOT_SUM	2024-10-30	2024-11-09	not stated	open PDF at page
2024-12-31	3.75	STATED_NO_PERIOD_IN_SENTENCE	2025-01-28	2025-02-04	not stated	open PDF at page
2025-06-30	4.00	STATED_NO_PERIOD_IN_SENTENCE	2025-07-29	2025-08-05	not stated	open PDF at page
2025-09-30	4.00	STATED_NO_PERIOD_IN_SENTENCE	2025-11-14	2025-11-21	not stated	open PDF at page
2025-12-31	4.00	STATED_NO_PERIOD_IN_SENTENCE	2026-02-17	2026-02-24	not stated	open PDF at page
2026-03-31	4.00	STATED_NO_PERIOD_IN_SENTENCE	2026-05-19	2026-05-26	not stated	open PDF at page
2026-06-30	4.12	STATED_NO_PERIOD_IN_SENTENCE	2026-08-17	2026-08-24	not stated	open PDF at page

Assets

Project/property tables (concession length, remaining life, availability, MW) are not extracted in this release; 14 valuation reports and 32 decks are on disk under Documents.

Earnings calls

6 usable call document(s); 12 document(s) on file are not transcripts.

Kind	Filing date	File
COVER_LETTER	2023-05-15	0eb480a2-8c8e-4acd-a80f-1cc1f29a73b3.pdf
COVER_LETTER	2022-07-27	15f5732f-ecb2-4542-91ac-f747a2f4065d.pdf
TRANSCRIPT	2020-08-12	2164fe57-5c1a-4379-a4dd-817ac253c1aa.pdf
TRANSCRIPT	2022-11-21	26f8003f-51b8-4a76-bd05-b3fd6cd61a4f.pdf
TRANSCRIPT	2023-02-07	2f1d6881-0e9f-4d6f-a788-ff88cdf7a09b.pdf
COVER_LETTER	2022-05-24	4849cf20-922a-4c81-b6a5-cd24b7d9734e.pdf
COVER_LETTER	2021-11-08	5ace71af-9f1f-4f0a-86c4-0efe9bffb017.pdf
COVER_LETTER	2023-07-31	66170eb8-8df1-414e-b449-2513a2aa2d02.pdf
COVER_LETTER	2023-01-31	6e32ebc0-3bb5-412b-88bb-1042a3ed7d53.pdf
COVER_LETTER	2022-01-28	9c9f986a-0066-4278-8570-86f44598366f.pdf
TRANSCRIPT	2023-05-19	b9c94e2f-8a41-4ca0-8f2e-25325ddd158f.pdf
COVER_LETTER	2021-08-02	c163bb6f-0cc8-4607-aab3-bd10b1d937d9.pdf
TRANSCRIPT	2023-08-07	c6873429-8cc4-41b6-a9a2-04551eecde7a.pdf
COVER_LETTER	2022-05-30	d5ecf07b-9dd1-47e5-8e44-6c0d0e74b885.pdf
COVER_LETTER	2022-02-08	d8d4e24b-458c-4773-b8e5-ffb1f4f35e7e.pdf
COVER_LETTER	2022-08-02	da5de41c-f77c-4312-b772-a7fc6d303a3f.pdf
COVER_LETTER	2022-11-14	f5256461-d4b2-4a3a-bd32-e31866127477.pdf
TRANSCRIPT	—	IR_IndiGrid-Q1-FY27-Earnings-Call-Transc

2550 sentences from 5 verified transcript(s) are served (speaker attribution not shown: the segmenter's attribution rate is below 95%).

Debt

Borrowings schedule not extracted in this release; the balance sheet lines above carry total borrowings where a statement was accepted.

Unitholding

23 unitholding filings on disk (not parsed in this release).

Documents

Class	Kind	Filing date	File	SHA-256
ANNUAL_REPORT		—	291eaba1-9dd2-4f6a-82ca-a8630c032313.pdf	`e0322501dc36f1c7…`
ANNUAL_REPORT		—	4b6875c5-2554-4ab6-9c59-bbec9645fbee.pdf	`bb527ebe39ccdfb4…`
ANNUAL_REPORT		—	78c74e2d-cb01-408f-b9dd-719b750da567.pdf	`a981e8ae59fe98b6…`
ANNUAL_REPORT		—	7f61017a-b617-4ed9-8450-48e2e7f7a5c5.pdf	`b1d8b1f8a86327bc…`
ANNUAL_REPORT		—	a454de94-251d-4de0-8809-0d75413ad9e1.pdf	`f4ab17fe9e07284b…`
ANNUAL_REPORT		—	aac688a7-63b2-4826-8140-2beeee4f9700.pdf	`c3f1a9b6ec025458…`
ANNUAL_REPORT		—	c8fcdc46-a7e5-4b1e-b164-224000cafdf9.pdf	`674f9943076e89ce…`
ANNUAL_REPORT		—	d1e1cfba-1c6c-4e09-afe5-96bb702f34dd.pdf	`79d937bc9eb8f922…`
ANNUAL_REPORT		—	IR_outcome_mar_2021-1.pdf	`a715d171398d04ed…`
CONCALL_TRANSCRIPT	TRANSCRIPT	—	IR_IndiGrid-Q1-FY27-Earnings-Call-Transc	`c69f24de10ea2ee2…`
CONCALL_TRANSCRIPT	TRANSCRIPT	2020-08-12	2164fe57-5c1a-4379-a4dd-817ac253c1aa.pdf	`4627a7e920e63dcc…`
CONCALL_TRANSCRIPT	COVER_LETTER	2021-08-02	c163bb6f-0cc8-4607-aab3-bd10b1d937d9.pdf	`9949b0062aca9ec1…`
CONCALL_TRANSCRIPT	COVER_LETTER	2021-11-08	5ace71af-9f1f-4f0a-86c4-0efe9bffb017.pdf	`39e272b83168225c…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-01-28	9c9f986a-0066-4278-8570-86f44598366f.pdf	`b3012bdb9ddd9e01…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-02-08	d8d4e24b-458c-4773-b8e5-ffb1f4f35e7e.pdf	`f82c501fae88ed0f…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-05-24	4849cf20-922a-4c81-b6a5-cd24b7d9734e.pdf	`18b98490076ca1e7…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-05-30	d5ecf07b-9dd1-47e5-8e44-6c0d0e74b885.pdf	`69c22b5cbb18e950…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-07-27	15f5732f-ecb2-4542-91ac-f747a2f4065d.pdf	`9c7d6ace64d8794c…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-08-02	da5de41c-f77c-4312-b772-a7fc6d303a3f.pdf	`cd28b44388448f4d…`
CONCALL_TRANSCRIPT	COVER_LETTER	2022-11-14	f5256461-d4b2-4a3a-bd32-e31866127477.pdf	`f0beaceaed3f83cc…`
CONCALL_TRANSCRIPT	TRANSCRIPT	2022-11-21	26f8003f-51b8-4a76-bd05-b3fd6cd61a4f.pdf	`769f5f6ccc7f6784…`
CONCALL_TRANSCRIPT	COVER_LETTER	2023-01-31	6e32ebc0-3bb5-412b-88bb-1042a3ed7d53.pdf	`bb408134fd3603be…`
CONCALL_TRANSCRIPT	TRANSCRIPT	2023-02-07	2f1d6881-0e9f-4d6f-a788-ff88cdf7a09b.pdf	`9120d2113166022d…`
CONCALL_TRANSCRIPT	COVER_LETTER	2023-05-15	0eb480a2-8c8e-4acd-a80f-1cc1f29a73b3.pdf	`4ffff979a0ad7748…`
CONCALL_TRANSCRIPT	TRANSCRIPT	2023-05-19	b9c94e2f-8a41-4ca0-8f2e-25325ddd158f.pdf	`21a843301a841205…`
CONCALL_TRANSCRIPT	COVER_LETTER	2023-07-31	66170eb8-8df1-414e-b449-2513a2aa2d02.pdf	`76e0bb7bcb8890b3…`
CONCALL_TRANSCRIPT	TRANSCRIPT	2023-08-07	c6873429-8cc4-41b6-a9a2-04551eecde7a.pdf	`cccdde23a6dcc30f…`
DISTRIBUTION_NDCF		—	034599a0-fd00-4a6e-aaf1-769cbb2dc6d5.pdf	`7077ee9644a43d03…`
DISTRIBUTION_NDCF		—	043A11BB-8277-4081-9169-2D719FE2AACC-083	`52261b52b671055a…`
DISTRIBUTION_NDCF		—	08CF2E3E-5C8D-407F-BFFD-477AB47796B3-083	`1b4c4f4cfc9828b5…`
DISTRIBUTION_NDCF		—	0912760C_5E9F_4F5C_A30F_DFA8BAAA7E90_104	`d0db8d50e3702b8c…`
DISTRIBUTION_NDCF		—	21eace42-d7be-4627-a25e-3edd1d279ee7.pdf	`636485fa0a640633…`
DISTRIBUTION_NDCF		—	23209cda-cda4-440b-ac88-67efeaaf399e.pdf	`952b24f6b5aceaa0…`
DISTRIBUTION_NDCF		—	3e1b2eb0-5aeb-47a2-b4bc-4099ba2261c5.pdf	`87242423c25d4191…`
DISTRIBUTION_NDCF		—	4a37b572-76ee-452c-9e0f-a4f2a1a86e08.pdf	`2ea1e4c0c4fffa89…`
DISTRIBUTION_NDCF		—	4B02B45A-1E37-4F4A-918E-8737CC28EAF4-090	`2948d7d7dc86f7e8…`
DISTRIBUTION_NDCF		—	4BE1BA50-2A9C-4CB8-99B2-1B3664C742B9-132	`756fc7e8b49fe7e2…`
DISTRIBUTION_NDCF		—	660b3d3e-641b-472c-8eb0-d0281ce7dfef.pdf	`14bdb1132807b789…`
DISTRIBUTION_NDCF		—	68DADFBF-DB0B-4F94-A0CE-52C6DB64A87A-111	`a9dfcc3869ec5acf…`
DISTRIBUTION_NDCF		—	7C4CA3E1_F0F8_40A7_AD10_FBFDAAE00DA5_123	`fd3b8db4dee49e68…`
DISTRIBUTION_NDCF		—	86CE7247-708A-4887-AC7B-A4E710C8F2C2-092	`ce0444a96af02026…`
DISTRIBUTION_NDCF		—	91CEEB0F_927C_42BC_8736_7500BE29092E_114	`3b7f427586cebca1…`
DISTRIBUTION_NDCF		—	a4088f8b-0c58-4378-800f-09ac8fd7e33a.pdf	`3bc72385a6ea21c7…`
DISTRIBUTION_NDCF		—	bbfb04eb-823c-4146-9051-7db4aae6df28.pdf	`c676ddee1252bcb8…`
DISTRIBUTION_NDCF		—	bd86b77b-9657-42bb-882d-50522aee1d39.pdf	`29600dfec0054f61…`
DISTRIBUTION_NDCF		—	C1A0F4C6-2544-473D-81EB-2A180804064E-081	`690b8b7a5103c5f6…`
DISTRIBUTION_NDCF		—	ED744DA5_3A8E_4B95_BDE4_D4777820E4D4_122	`d7e8cc852305cd8c…`
FINANCIAL_RESULTS		—	0acc2942-e2c0-4ade-8b1e-566d037910a7.pdf	`dc9b9ff9e72a9b5c…`
FINANCIAL_RESULTS		—	16f05b80-c6ab-4dc5-b07a-c72351b22305.pdf	`a7f3d2ef6f4c2903…`
FINANCIAL_RESULTS		—	a09f005c-5919-495e-bd3a-def88ceae3f7.pdf	`71e5243840c49628…`
FINANCIAL_RESULTS		—	a0d043b2-c1bd-4038-9e00-7b01b943a081.pdf	`ae3ee90f7ed9200c…`
FINANCIAL_RESULTS		—	b8d952d3-f95e-464a-b2a8-23a6fde4b2c1.pdf	`d64431c92fc2b283…`
FINANCIAL_RESULTS		—	b8f7270c-dbc1-4a20-b520-f956431c0ef3.pdf	`0ff6dd1306c31aac…`
FINANCIAL_RESULTS		—	f9226c32-0b4e-4139-9397-63b3a1c9562b.pdf	`30416e95646d5bc6…`
FINANCIAL_RESULTS		—	IR_Financials.pdf	`8b50e22bd4b8f67f…`
INVESTOR_DECK		—	2e72eee7-a8b2-4337-b6f5-7edf117f1cb0.pdf	`78a0e4de4f59218f…`
INVESTOR_DECK		—	3a701fee-5849-4a7c-9d5d-82ac603e9598.pdf	`3c547d3185248c95…`
INVESTOR_DECK		—	4ef530e2-18e0-4682-9e09-6ddb42b84375.pdf	`72cefdeec7259922…`
INVESTOR_DECK		—	e0fac6a4-92d6-44bb-80c9-46090330fa24.pdf	`f70e4d379a5327c7…`
INVESTOR_DECK		—	fd2e8d40-48d1-49ff-87ab-f2bdfb73c0ad.pdf	`76bb63dd7b4a3fa9…`
INVESTOR_DECK		—	IR_Presentation.pdf	`40e7a60f0d115fab…`
INVESTOR_DECK		2020-04-09	e29f45e7-4fe6-45bd-9a1e-8dc142f66ad1.pdf	`0ec225c9899c8743…`
INVESTOR_DECK		2020-05-27	9ac48fff-0972-4b26-a12b-98d000b1dcc7.pdf	`b44eb6d09006cdfd…`
INVESTOR_DECK		2020-08-06	0a4ee3f0-c58c-45fe-9a6e-0119c1f70183.pdf	`f163c15c226fc9b7…`
INVESTOR_DECK		2020-11-03	53572150-8619-4888-b9e6-68c59f2c3a3e.pdf	`b7d87eea97f33ef8…`
INVESTOR_DECK		2020-12-23	610932ab-f27d-482c-9028-ba3c309cd3e1.pdf	`b40f934969094017…`
INVESTOR_DECK		2021-01-22	e2fba960-09bc-4231-a1d7-4a3e2bc2a393.pdf	`4934791e0ce6c8bd…`
INVESTOR_DECK		2021-04-24	694d16c7-12ce-4375-9ed6-4bd5841ee43f.pdf	`428cc04b04756674…`
INVESTOR_DECK		2021-05-27	02ca6347-3e28-4233-80a5-725c86f73b29.pdf	`2cca4e99414fecbc…`
INVESTOR_DECK		2021-05-31	d8f3e355-e0d7-4953-8fca-67abb5133357.pdf	`ce67fa560cdb19c1…`
INVESTOR_DECK		2021-07-30	54dd74f3-cdd0-4e43-b38d-df7418659aa6.pdf	`62248559d2544057…`
INVESTOR_DECK		2021-07-30	b6355d44-b943-412d-a571-504396e54609.pdf	`06765210af08d906…`
INVESTOR_DECK		2021-10-27	44e71a15-30cf-48c1-a421-029e6027bf4e.pdf	`2c1c8c0938cc0c5f…`
INVESTOR_DECK		2022-01-27	8c7d6825-7731-440c-ae8b-94eb8e672c48.pdf	`8371691304cbf711…`
INVESTOR_DECK		2022-01-27	c12640ed-3f49-4f64-9ca4-f8b7edf76ee3.pdf	`a1f5e625c7536e80…`
INVESTOR_DECK		2022-05-20	3fdde073-5762-4b08-9231-97f61cde7266.pdf	`e267b34877abc1f8…`
INVESTOR_DECK		2022-07-26	7f2eb895-e735-42c0-8d1a-7993d22f25a1.pdf	`7a27826caec57420…`
INVESTOR_DECK		2022-07-26	9fd1c157-5811-487a-910f-b2457e839018.pdf	`19ff3a0812cac45b…`
INVESTOR_DECK		2022-07-30	93c74a52-55ab-4c5c-92cf-fc67e3f0522f.pdf	`87f5db3048c7e55a…`
INVESTOR_DECK		2022-11-10	c15bb058-1b45-4131-88b2-4c859dafc48d.pdf	`3e23c4750604fcb4…`
INVESTOR_DECK		2022-11-23	00da1872-9b60-4401-b146-6cf0cfd5d210.pdf	`930a3e0a190769be…`
INVESTOR_DECK		2022-11-24	b97b35e4-f33b-43c3-8c6b-908728be0137.pdf	`e4caf8a2da0daf22…`
INVESTOR_DECK		2023-01-25	17b3d4fc-0602-4c63-853b-f4de4fe7a42b.pdf	`e5cb45b712df9417…`
INVESTOR_DECK		2023-01-25	b817bc97-2ae9-46b5-8547-1ba694ba44e1.pdf	`36a85de49e4e485f…`
INVESTOR_DECK		2023-05-12	23634b35-2b67-4a9a-9982-98bbbd455965.pdf	`03feeb408af7b62e…`
INVESTOR_DECK		2023-07-28	d0a6c705-0a1f-4310-9a13-7252205322aa.pdf	`111d24693a3eb5ea…`
INVESTOR_DECK		2023-07-28	f49652e8-b6ff-452a-9707-da3b50b1a0bf.pdf	`838a4145ed86f3ad…`
SHAREHOLDING_PATTERN		—	05a19877-641c-4dbc-bd22-1110777d1bf1.pdf	`e09e26ead8ad168d…`
SHAREHOLDING_PATTERN		—	0801cab3-9a85-4801-8a83-7942be790723.pdf	`3aa21a82268193c7…`
SHAREHOLDING_PATTERN		—	1740b31a-e6f2-44b1-905f-4df881bf18de.pdf	`b58984927100b1c2…`
SHAREHOLDING_PATTERN		—	1cd08cbb-64b1-43a8-aa63-7d4f07b4eeb0.pdf	`f0877d73412b1644…`
SHAREHOLDING_PATTERN		—	205ce267-a937-48e5-ad5d-950fe7ab10ae.pdf	`1c721735de1dd5dc…`
SHAREHOLDING_PATTERN		—	2362fbf1-bae3-4f28-8844-b00e5332e495.pdf	`afd9bb6c949e39b0…`
SHAREHOLDING_PATTERN		—	28d34ea9-6c0b-41ca-a45a-caeff669a758.pdf	`d2d1f1ca110b254b…`
SHAREHOLDING_PATTERN		—	2a497c15-f52e-4b52-83ae-6df54aecb92c.pdf	`c2d2b5d7557397b8…`
SHAREHOLDING_PATTERN		—	385b2ce4-b6e2-4190-8326-3ec15234e1ad.pdf	`d4196e72d1eec767…`
SHAREHOLDING_PATTERN		—	3a01fd5b-626e-4b3f-8ac8-895952e45ebd.pdf	`08f026b92762c23e…`
SHAREHOLDING_PATTERN		—	46fb8529-367f-4f6d-9b86-07f42a65de65.pdf	`906d0f524b337592…`
SHAREHOLDING_PATTERN		—	6b44b6ff-8b25-417b-8ba8-89a88201e81c.pdf	`ca8d1913ccb5e9be…`
SHAREHOLDING_PATTERN		—	73ac56a9-0096-4928-82e7-3b938e577352.pdf	`53e753c1b56531c4…`
SHAREHOLDING_PATTERN		—	89013e60-d305-4307-a1ee-c71bb87dc05a.pdf	`90344146d0d61013…`
SHAREHOLDING_PATTERN		—	8a3576fd-4bb3-4f49-8072-a3b426ef8523.pdf	`260d3471be9771f4…`
SHAREHOLDING_PATTERN		—	8ca919d1-7e97-4f4e-849e-bdd1eaa3df42.pdf	`5d5ce162feebf87c…`
SHAREHOLDING_PATTERN		—	93f7217e-debb-452e-83d0-04064e607661.pdf	`eb793bc741efbd3b…`
SHAREHOLDING_PATTERN		—	a39976bf-f7d9-4469-8713-c6cef93222d3.pdf	`a66b794066e9fc1a…`
SHAREHOLDING_PATTERN		—	b9831366-adea-44d7-893d-8ba80daf66e7.pdf	`ffa345793064312e…`
SHAREHOLDING_PATTERN		—	bb087a83-6c48-4500-8edd-1fa54a7c21ba.pdf	`7da30e2becc29e23…`
SHAREHOLDING_PATTERN		—	d8d8d5cc-51f9-4ecb-853c-1af726e8076b.pdf	`eab2bb4117989874…`
SHAREHOLDING_PATTERN		—	ed06c3b5-d89e-4c50-bd5e-11f686856ee0.pdf	`5a93edb8d3b10832…`
SHAREHOLDING_PATTERN		—	f6a828ef-535a-4825-af59-108d600af374.pdf	`6e32fa4382c130c0…`
VALUATION_REPORT		—	49899a14-87e7-4182-b087-e743d5e68248.pdf	`7620c449a8753774…`
VALUATION_REPORT		—	7753d3de-e84c-4bc6-b5da-1ade99fb4bbf.pdf	`38a5c8ffa4c1f026…`
VALUATION_REPORT		—	IR_Valuation-Report.pdf	`2853e19d2d4efd8e…`
VALUATION_REPORT		2020-05-27	c2e253de-7fe1-4c44-894d-04adb4271e4e.pdf	`17b20b903f183b51…`
VALUATION_REPORT		2020-08-06	99bbfeed-6733-4fcc-9f6d-8a767028b2a5.pdf	`8febe6e4466c04e3…`
VALUATION_REPORT		2020-08-08	78dcd9fd-fd89-499a-ab6f-96c3e19b0926.pdf	`bcb7175b6c4c77d6…`
VALUATION_REPORT		2020-11-03	a52f9113-a072-46a6-8df5-40094450b02a.pdf	`a10f9cd7014f01d6…`
VALUATION_REPORT		2021-02-24	03b85a24-9a1a-45f1-b4c5-7115e25c73ea.pdf	`dcb45a9a1514df6c…`
VALUATION_REPORT		2022-03-28	6febbfac-f4eb-4525-a9a9-d8dd5d3f4447.pdf	`3b155a0acd444044…`
VALUATION_REPORT		2023-11-03	5ec06fb3-7d97-4a5c-848b-fc0f98a67138.pdf	`530e15cbf7c72027…`
VALUATION_REPORT		2024-05-24	7494f889-b3a1-4d56-bc40-2b0b11801bec.pdf	`43b621be640f83d2…`
VALUATION_REPORT		2025-05-15	b4a1dd16-9b93-41c6-802c-a3ac0cc772be.pdf	`1145ba988fca865a…`
VALUATION_REPORT		2025-11-11	5ce3f44d-b661-4aa2-b866-419510fa4ded.pdf	`47ff07ffa2d357ad…`
VALUATION_REPORT		2026-05-14	bf09960b-8ad5-4459-a919-f874d7c066e9.pdf	`c07b15f1809c0ae6…`