Maple Infrastructure Trust
INVITPRIVATELY_PLACED_LISTEDROADS registry symbol MAPLE
Overview · Triage · History · Financial statements · NAV & valuation · Distributions · Assets · Earnings calls · Debt · Unitholding · Documents
Overview
| Field | Value | Source |
|---|---|---|
| Listing class | PRIVATELY_PLACED_LISTED | MAPLE_5e771e4b7a2f p34: “DETAILS OF ISSUE AND BUYBACK OF UNITS DURING THE YEAR, IF ANY IHCT allotted 9,10,00,000 units on a Private Placement basis in June 24, 2022 of Rs.” |
| Sector | ROADS | MAPLE_5e771e4b7a2f p1: “Highway” |
| Files on disk | 27 | |
| Distributions on record | 1 | |
| Accepted statements | 6 | 16 rejected (reasons below) |
Triage — is the trust returning income or returning the unit?
| Measure | Value | Basis |
|---|---|---|
| TTM DPU | 2.14 | declared, from the notices |
| TTM DPU ex return of capital | 2.14 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-03-31 | half | 2.14 | — | — | — | — | — | — | — | — | STATED_NO_PERIOD_IN_SENTENCE |
Financial statements (accepted 6, rejected 16)
CF · CONSOLIDATED · 2025-03-31 · UNKNOWN MAPLE_413acf165ec6 p116
| Line | 2025-03-31 |
|---|---|
| 206 | | 207 Annual Report 2024-25 Maple Infrastructure Trust Corporate Overview Statutory Reports Financial Statements Consolidated Statement of Cash Flow for the year ended March 31, 2025 (All amounts in H million, unless otherwise stated) Particulars For the year ended March 31, 2025 For the year ended March 31, 2024 A. CASH FLOW FROM OPERATING ACTIVITIES Net loss before tax | -1,105.87 |
| Adjustments for: Depreciation on property, plant and equipment and right of use assets | 16.15 |
| Amortization of intangible assets | 2,724.73 |
| Net Gain on sale of investment in mutual funds | 0.00 |
| Loss on disposal of property, plant and equipment | 0.00 |
| Profit on disposal of property, plant and equipment | 0.00 |
| Liabilities no longer required written back | -9.98 |
| Interest income on bank deposits | -479.93 |
| Bad debt written off | 0.07 |
| Impairement of contract asset | 12.60 |
| Provision for doubtful debts | 0.00 |
| Provision for major maintenance obligations | 474.40 |
| Finance costs | 4,136.21 |
| Operating profit before working capital changes | 5,768.38 |
| Adjustments for changes in working capital: Increase/(decrease) in trade payables | -96.54 |
| Increase in other financial liabilities | 33.97 |
| Increase in other current liabilities | 16.57 |
| Decrease in provisions | -231.98 |
| Increase in trade receivables | -14.64 |
| Increase in other current assets | -85.52 |
| (Increase)/Decrease in other non-current assets | -0.17 |
| Increase in financial assets | -4.66 |
| Cash flow from operating activities post working capital changes | 5,385.41 |
| Income taxes paid (net of refund) | -108.17 |
| Net cash flow from operating activities | 5,277.24 |
| B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment | -21.49 |
| Proceeds from disposal of property, plant and equipment | 0.00 |
| Proceeds from redemption of mutual fund investment | 0.00 |
| Interest received on bank deposits | 459.89 |
| Investment in bank deposits (net) | -784.62 |
| Acquisition of intangible assets | -69.47 |
| Addition to intangible assets under development | 0.00 |
| Net cash used in investing activities | -415.69 |
| Consolidated Statement of Cash Flow for the year ended March 31, 2025 (All amounts in H million, unless otherwise stated) Particulars For the year ended March 31, 2025 For the year ended March 31, 2024 C. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from non-current borrowings | 0.00 |
| Repayment of non-current borrowings | -1,002.43 |
| Principal payment of lease liabilities | -1.23 |
| Interest paid | -4,083.54 |
| Other finance cost and processing fees paid | -2.53 |
| Net cash used in financing activities | -5,089.73 |
| Net decrease in cash and cash equivalents (A+B+C) | -228.18 |
| Cash and cash equivalents at the beginning of the year | 502.14 |
| Cash and cash equivalents at the end of the year (refer note 11A) | 273.96 |
| Notes- | 1.00 |
| Consolidated cash flow statement has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7 ‘Statement of Cash Flows’ as specified in the Companies (Indian Accounting Standards) Rules. | 2.00 |
| Cash and cash equivalents represent cash and bank balances. | 3.00 |
| Refer to note 11 (B) and 6 (b) for changes in liabilities arising from financing activities and lease liabilities. Refer to note 2 for material accounting policies. The accompanying notes form an integral part of these consolidated financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Maple Infrastructure Trust (formerly known as Indian Highway Concessions Trust)) per Amit Gupta Louis-Marie St- Maurice Anup Vikal Varun Mehta Vikas Prakash Partner Chairman & Director Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No. A21117 M.No. 501396 DIN: 09816547 Place: Gurugram Place: New Delhi Place: New Delhi Place: New Delhi Place: New Delhi Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 208 | | 209 Annual Report 2024-25 Maple Infrastructure Trust Corporate Overview Statutory Reports Financial Statements Consolidated Statement of changes in Unitholders’ equity for the year ended March 31, 2025 (All amounts in H million, unless otherwise stated) A Unit capital [refer note 14A] B Other equity [refer note 14B] Particulars Number of units Amount Balance as at April 1, 2023 | 352,170,000.00 |
| Units issued during the year | 0.00 |
| Balance as at March 31, 2024 | 352,170,000.00 |
| Units issued during the year | 0.00 |
| Balance as at March 31, 2025 | 352,170,000.00 |
| Particulars Retained earnings Total Balance as at April 1, 2023 | -1,567.77 |
| Loss for the year | -2,105.91 |
| Other Comprehensive loss for the year | -1.75 |
| Distribution during the year* | 0.00 |
| Balance as at March 31, 2024 | -3,675.43 |
| Loss for the year | -1,205.94 |
| Other Comprehensive income for the year | 0.36 |
| Distribution during the year* | 0.00 |
| Balance as at March 31, 2025 | -4,881.01 |
| * The Trust has not made any distributions during the current and previous year. The accompanying notes form an integral part of these consolidated financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Maple Infrastructure Trust (formerly known as Indian Highway Concessions Trust)) per Amit Gupta Louis-Marie St- Maurice Anup Vikal Varun Mehta Vikas Prakash Partner Chairman & Director Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No. A21117 M.No. 501396 DIN: 09816547 Place: Gurugram Place: New Delhi Place: New Delhi Place: New Delhi Place: New Delhi Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 Date: May 21, 2025 Disclosures Pursuant to SEBI Circulars (All amounts in H million, unless otherwise stated) Particulars For the year ended March 31, 2025 Cashflows from operating activities of the Trust | -417.75 |
BS · STANDALONE · 2024-03-31 · UNKNOWN MAPLE_da7d555b5d37 p51
| Line | 2024-03-31 |
|---|---|
| MAPLE HIGHWAYS Annual Report 2023-24 STANDALONE BALANCE SHEET AS AT MARCH 31, 2024 (All amounts in ` lakhs, unless otherwise stated) Particulars Notes March 31, 2024 March 31, 2023 ASSETS Non-current assets Financial assets i) Investments | 3.00 |
| ii) Loans | 208,711.85 |
| Non-current tax assets (net) | 3.21 |
| Total non-current assets | 309,698.74 |
| Current assets Financial assets i) Cash and cash equivalents | 4,690.77 |
| ii) Other bank balances | 32,386.19 |
| iii) Other financial assets | 52,503.24 |
| Other current assets | 2.48 |
| Total current assets | 89,582.68 |
| TOTAL ASSETS | 399,281.42 |
| EQUITY AND LIABILITIES EQUITY Unit capital | 351,786.87 |
| Other equity | 44,447.74 |
| Total unitholders’ equity | 396,234.61 |
| LIABILITIES Current liabilities Financial liabilities i) Trade payables | 0.00 |
| Total outstanding dues of micro enterprises and small enterprises | 0.00 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 2,967.40 |
| ii) Other financial liabilities | 0.00 |
| Other current liabilities | 79.41 |
| Current tax liabilities (net) | 0.00 |
| Total current liabilities | 3,046.81 |
| TOTAL EQUITY AND LIABILITIES | 399,281.42 |
| Refer to note 2.2 for a summary of material accounting policies. The accompanying notes form an integral part of these standalone financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Varun Mehta Chandra Kant Sharma Partner M.No. 501396 Chairman & Director DIN: 00031034 Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No: F8322 Place: Gurugram Place: Dehradun Place: Mumbai Place: Manali Place: Mumbai Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Indian Highway Concessions Trust FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW STANDALONE STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2024 (All amounts in ` lakhs, unless otherwise stated) As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Varun Mehta Chandra Kant Sharma Partner M.No. 501396 Chairman & Director DIN: 00031034 Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No: F8322 Place: Gurugram Place: Dehradun Place: Mumbai Place: Manali Place: Mumbai Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Particulars Notes March 31, 2024 March 31, 2023 INCOME Revenue from operations | 16.00 |
| Other income | 2,192.13 |
| Total income | 39,517.68 |
| EXPENSES Finance costs | 48.48 |
| Investment management fees | 2,582.14 |
| Valuation expenses | 12.98 |
| Insurance expenses | 8.85 |
| Trustee fees | 8.85 |
| Payment to auditor | 353.65 |
| Other expenses | 2,008.70 |
| Total expenses | 5,023.65 |
| Profit before tax | 34,494.03 |
| Tax expense i) Current tax | 937.00 |
| ii) Deferred tax | 0.00 |
| Total tax expense | 937.00 |
| Profit for the year | 33,557.03 |
| Other comprehensive income, net of tax | 0.00 |
| Total comprehensive income for the year | 33,557.03 |
| Earnings per unit (Face value per unit is ` 100) Basic and Diluted (in `) | 9.53 |
CF · STANDALONE · 2024-03-31 · UNKNOWN MAPLE_da7d555b5d37 p52
| Line | 2024-03-31 |
|---|---|
| MAPLE HIGHWAYS Annual Report 2023-24 STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2024 (All amounts in ` lakhs, unless otherwise stated) Particulars March 31, 2024 March 31, 2023 A) Cash flows from operating activities Net profit before tax | 34,494.03 |
| Adjustments for Interest expense on intercorporate deposit from related party | 0.00 |
| Interest income on loans given to subsidiaries | -37,325.55 |
| Interest income on bank deposits | -2,192.13 |
| Operating loss before working capital changes | -5,023.65 |
| Adjustments for changes in working capital: Increase in trade payables | 1,033.48 |
| (Decrease) / increase in other current liabilities | -43.62 |
| (Decrease) / increase in other financial liabilities | -16.03 |
| Decrease / (increase) in other current assets | 9.17 |
| Total of changes in working capital | 983.00 |
| Cash used in operations | -4,040.65 |
| Income taxes paid | -944.34 |
| Net cash used in operating activities (A) | -4,984.99 |
| B) Cash flows from investing activities Equity investment in subsidiaries | 0.00 |
| Loan given to subsidiaries | 0.00 |
| Loan repaid by subsidiaries | 0.00 |
| Interest received on loan given to subsidiaries | 0.00 |
| Investment in bank deposits (net of proceeds) | -24,758.83 |
| Interest received on bank deposits | 1,983.78 |
| Net cash used in investing activities (B) | -22,775.05 |
| C) Cash flows from financing activities Proceeds from issue of unit capital | 0.00 |
| Units issue expenses | 0.00 |
| Proceeds from intercorporate deposit from related party | 0.00 |
| Repayment of intercorporate deposit taken from related party | 0.00 |
| Interest paid on related party intercorporate deposit | 0.00 |
| Net cash generated from financing activities (C) | 0.00 |
| Net (decrease)/increase in cash & cash equivalents (A+B+C) | -27,760.04 |
| Cash and cash equivalents at the beginning of the year | 32,450.81 |
| Cash and cash equivalents at the end of the year (refer note 6A) | 4,690.77 |
| Notes: 1. The above standalone statement of cash flows has been prepared under the ‘Indirect Method’ as set out in the Indian Accounting Standard (Ind AS-7) ‘statement of cash flows’. 2. Refer to note 6B for changes in liabilities arising from financing activities. 3. The Trust did not have any cash flow changes arising from non-cash transactions from investing and financing activities. Refer to note 2.2 for a summary of material accounting policies. The accompanying notes form an integral part of these standalone financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Varun Mehta Chandra Kant Sharma Partner M.No. 501396 Chairman & Director DIN: 00031034 Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No: F8322 Place: Gurugram Place: Dehradun Place: Mumbai Place: Manali Place: Mumbai Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Indian Highway Concessions Trust FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW STANDALONE STATEMENT OF CHANGES IN UNITHOLDERS’ EQUITY FOR THE YEAR ENDED MARCH 31, 2024 (All amounts in ` lakhs, unless otherwise stated) (A) UNIT CAPITAL (REFER NOTE 10) Particulars Number of units (in lakhs) Amount Balance as at April 01, 2022 | 0.00 |
| Units issued during the year | 3,521.70 |
| Issue expenses | 0.00 |
| Balance as at March 31, 2023 | 3,521.70 |
| Units issued during the year | 0.00 |
| Issue expenses | 0.00 |
| Balance as at March 31, 2024 | 3,521.70 |
| (B) OTHER EQUITY (REFER NOTE 11) Particulars Retained earnings Total Balance as at April 01, 2022 | -350.15 |
| Profit for the year | 11,240.86 |
| Other comprehensive income for the year | 0.00 |
| Less: Distribution during the year* | 0.00 |
| Balance as at March 31, 2023 | 10,890.71 |
| Profit for the year | 33,557.03 |
| Other comprehensive income for the year | 0.00 |
| Less: Distribution during the year* | 0.00 |
| Balance as at March 31, 2024 | 44,447.74 |
CF · CONSOLIDATED · 2024-03-31 · UNKNOWN MAPLE_da7d555b5d37 p70
| Line | 2024-03-31 |
|---|---|
| MAPLE HIGHWAYS Annual Report 2023-24 | 116.00 |
| CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2024 (All amounts in ` lakhs, unless otherwise stated) Particulars March 31, 2024 March 31, 2023 A. CASH FLOW FROM OPERATING ACTIVITIES Net loss before tax | -20,122.11 |
| Adjustments for: Depreciation and amortization expense | 26,104.80 |
| Net Gain on sale of investment in mutual funds | -63.62 |
| Loss on disposal of property, plant and equipment | 28.89 |
| Profit on disposal of property, plant and equipment | -2.61 |
| Provision for sundry balances written back | -17.76 |
| Interest income on bank deposits | -4,160.83 |
| Provision for receivables written-off | 16.63 |
| Provision for doubtful debts | 6.15 |
| Provision for major maintenance obligations | 3,698.82 |
| Finance costs | 41,855.54 |
| Operating profit before working capital changes | 47,343.90 |
| Adjustments for changes in working capital: Increase in trade payables | 2,836.94 |
| Increase in other financial liabilities | 1,071.56 |
| Increase/(decrease) in other current liabilities | 783.36 |
| Decrease in provisions | -11,600.81 |
| (Increase)/decrease in trade receivables | -72.19 |
| Increase in other current assets | -371.31 |
| Decrease in other non-current assets | 2.30 |
| Increase in financial assets | -1,061.46 |
| Cash generated from operations | 38,932.29 |
| Income taxes paid (net of refund) | -1,153.28 |
| Net cash flow from operating activities | 37,779.01 |
| B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment | -919.65 |
| Proceeds from disposal of property, plant and equipment | 5.73 |
| Proceeds from redemption of mutual fund investment | 3,494.34 |
| Interest received on bank deposits | 3,896.25 |
| Payment for acquisition of subsidiary (net of cash acquired) | 0.00 |
| Investment in bank deposits (net) | -33,493.10 |
| Acquisition of intangible assets | -386.08 |
| Acquisition of right to use | 0.00 |
| Addition to intangible assets under development | -99.13 |
| Net cash flow used in investing activities | -27,501.64 |
| C. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issue of units | 0.00 |
| Unit issue expenses paid | 0.00 |
| Proceeds from long-term borrowings | 1,845.58 |
| Repayment on account of refinancing of long-term borrowings | 0.00 |
| Repayment for subordinate loans (refer note 34) | 0.00 |
| Proceed from inter corporate deposit from related party | 0.00 |
| Repayment of inter corporate deposit to related party | 0.00 |
| Repayment of long-term borrowings | -5,215.53 |
| Repayment of lease liabilities | -17.38 |
| Interest paid on inter corporate deposit from related party | 0.00 |
| Interest paid | -39,945.81 |
| Other finance cost and processing charges paid | -296.17 |
| Net cash flow generated from/(used in) financing activities | -43,629.31 |
| Indian Highway Concessions Trust FINANCIAL STATEMENTS STATUTORY REPORTS CORPORATE OVERVIEW | 117.00 |
| Particulars March 31, 2024 March 31, 2023 Net increase/(decrease) in cash and cash equivalents (A+B+C) | -33,351.94 |
| Cash and cash equivalents at the beginning of the year | 38,373.36 |
| Cash and cash equivalents at the end of the year (refer note 12A) | 5,021.42 |
| Notes- | 1.00 |
| Consolidated cash flow statement has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7 ‘Statement of Cash Flows’ as specified in the Companies (Indian Accounting Standards) Rules. | 2.00 |
| Cash and cash equivalents represent cash and bank balances. | 3.00 |
| Refer to note 12B for changes in liabilities arising from financing activities. | 4.00 |
| The Group did not have any cash flow changes arising from non-cash transactions from investing and financing activities. Refer to note 2.3 for a summary of material accounting policies. The accompanying notes form an integral part of these consolidated financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Varun Mehta Chandra Kant Sharma Partner M.No. 501396 Chairman & Director DIN: 00031034 Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No: F8322 Place: Gurugram Place: Dehradun Place: Mumbai Place: Manali Place: Mumbai Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2024 (Contd.) (All amounts in ` lakhs, unless otherwise stated) MAPLE HIGHWAYS Annual Report 2023-24 | 118.00 |
| As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Varun Mehta Chandra Kant Sharma Partner M.No. 501396 Chairman & Director DIN: 00031034 Chief Executive Officer Chief Financial Officer Company Secretary & Compliance Officer M.No: F8322 Place: Gurugram Place: Dehradun Place: Mumbai Place: Manali Place: Mumbai Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 Date: May 28, 2024 A UNIT CAPITAL [REFER NOTE 15A] Particulars Number in lakhs Amount Balance as at April 01, 2022 | 0.00 |
| Units issued during the year | 3,521.70 |
| Unit issue expenses | 0.00 |
| Balance as at March 31, 2023 | 3,521.70 |
BS · STANDALONE · 2023-03-31 · UNKNOWN MAPLE_5e771e4b7a2f p42
| Line | 2023-03-31 |
|---|---|
| INDIAN HIGHWAY CONCESSIONS TRUST Annual Report 2022-23 | 60.00 |
| MAPLE HIGHWAYS CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS STANDALONE BALANCE SHEET AS AT MARCH 31, 2023 (All amounts in ` lakhs, unless otherwise stated) Particulars Note March 31, 2023 March 31, 2022 Assets Non-current assets Financial assets i) Investments | 100,983.68 |
| ii) Loans | 208,711.85 |
| Total non-current assets | 309,695.53 |
| Current assets Financial assets i) Cash and cash equivalents | 32,450.81 |
| ii) Other bank balances | 7,627.36 |
| iii) Other financial assets | 14,969.34 |
| Other current assets | 11.65 |
| Total current assets | 55,059.16 |
| TOTAL ASSETS | 364,754.69 |
| Equity and Liabilities EQUITY Unit capital | 351,786.87 |
| Other equity | 10,890.71 |
| Total unitholders’ equity | 362,677.58 |
| Liabilities Current liabilities Financial liabilities i) Borrowings | 0.00 |
| ii) Trade payables | 0.00 |
| Total outstanding dues of micro enterprises and small enterprises | 0.00 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,933.92 |
| iii) Other financial liabilities | 16.03 |
| Other current liabilities | 123.03 |
| Current tax liability (net) | 4.13 |
| Total current liabilities | 2,077.11 |
| TOTAL EQUITY AND LIABILITIES | 364,754.69 |
| Refer to note 2.2 for a summary of significant accounting policies. The accompanying notes form an integral part of these standalone financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Ankit Dewan Varun Mehta Partner M. No: 501396 Chairman and Director DIN: 00031034 Chief Executive Officer Company Secretary and Compliance Officer Chief Financial Officer M. No.: A31131 Place: Gurugram Place: London Place: Mumbai Place: Mumbai Place: Mumbai Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 The accompanying notes form an integral part of these standalone financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Ankit Dewan Varun Mehta Partner M. No: 501396 Chairman and Director DIN: 00031034 Chief Executive Officer Company Secretary and Compliance Officer Chief Financial Officer M. No.: A31131 Place: Gurugram Place: London Place: Mumbai Place: Mumbai Place: Mumbai Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Particulars Note March 31, 2023 March 31,2022 Income Revenue from operations | 14,884.69 |
| Other income | 969.48 |
| Total income | 15,854.17 |
| Expenses Finance cost | 88.52 |
| Investment management fees | 1,896.74 |
| Valuation expenses | 24.19 |
| Trustee fees | 8.85 |
| Payment to auditors | 204.66 |
| Other expenses | 1,975.95 |
| Total expenses | 4,198.91 |
| Profit / (loss) before tax | 11,655.26 |
| Tax expense i) Current tax | 414.40 |
| ii) Deferred tax | 0.00 |
| Total tax expense | 414.40 |
| Profit / (loss) for the year | 11,240.86 |
| Other comprehensive income, net of tax | 0.00 |
| Total comprehensive income/ (loss) for the year | 11,240.86 |
| Earnings per unit (Face value per unit is ` 100) Basic and diluted (in `) | 6.36 |
| Refer to note 2.2 for a summary of significant accounting policies. STANDALONE STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2023 (All amounts in ` lakhs, unless otherwise stated) INDIAN HIGHWAY CONCESSIONS TRUST Annual Report 2022-23 | 62.00 |
| MAPLE HIGHWAYS CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Refer to note 2.2 for a summary of significant accounting policies. The accompanying notes form an integral part of these standalone financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Ankit Dewan Varun Mehta Partner M. No: 501396 Chairman and Director DIN: 00031034 Chief Executive Officer Company Secretary and Compliance Officer Chief Financial Officer M. No.: A31131 Place: Gurugram Place: London Place: Mumbai Place: Mumbai Place: Mumbai Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2023 (All amounts in ` lakhs, unless otherwise stated) Particulars March 31, 2023 March 31, 2022 A) Cash flows from operating activities Net profit/(loss) before tax | 11,655.26 |
| Interest expense on intercorporate deposit from related party | 1.57 |
| Interest income on loans given to subsidiaries | -14,884.69 |
| Interest income on bank deposits | -969.48 |
| Impairment of current asset | 0.00 |
| Operating profit/(loss) before working capital changes | -4,197.34 |
| Adjustments for: Increase in trade payables | 1,604.17 |
| Increase in other current liabilities | 121.33 |
| Increase in other financial liabilities | 16.03 |
| Increase in other current assets | -3.65 |
| Total of changes in working capital | 1,737.88 |
| Cash used in operations | -2,459.46 |
| Income tax paid | -410.27 |
| Net cash used in operating activities (A) | -2,869.73 |
| B) Cash flows from investing activities Equity investment in subsidiaries | -100,983.68 |
| Loan given to subsidiaries | -210,151.11 |
| Loan repaid by subsidiaries | 1,439.25 |
| Interest received on loan given to subsidiaries | 11.28 |
| Investment in bank deposits (Net of proceeds) | -7,627.36 |
CF · CONSOLIDATED · 2023-03-31 · UNKNOWN MAPLE_5e771e4b7a2f p60
| Line | 2023-03-31 |
|---|---|
| INDIAN HIGHWAY CONCESSIONS TRUST Annual Report 2022-23 | 96.00 |
| MAPLE HIGHWAYS CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2023 (All amounts in ` lakhs, unless otherwise stated) Particulars March 31, 2023 March 31, 2022 A. Cash flow from operating activities Net loss before tax | -14,921.39 |
| Adjustments for: Depreciation and amortization expense | 11,859.73 |
| Gain on change in fair value of investment in mutual funds | -152.20 |
| Sundry balances written back | -2.05 |
| Interest income on bank deposits | -1,718.29 |
| Receivables written-off | 10.00 |
| Provision for doubtful debts | 9.63 |
| Provision for major maintenance obligations | 5,064.29 |
| Finance costs | 20,966.09 |
| Operating profit/(loss) before working capital changes | 21,115.81 |
| Adjustments for changes in working capital Increase/(Decrease) in trade payables | 301.13 |
| Increase/(Decrease) in other financial liabilities | 46.90 |
| Increase/(Decrease) in other current liabilities | -492.74 |
| Increase/(Decrease) in provisions | -1,400.17 |
| (Increase)/Decrease in trade receivables | 289.59 |
| (Increase)/Decrease in other current assets | -581.67 |
| (Increase)/Decrease in other non-current assets | 53.50 |
| (Increase)/Decrease in financial assets | -542.73 |
| Cash generated from operations | 18,789.62 |
| Income tax paid (net of refund) | -434.22 |
| Net cash flow generated from/(used in) operating activities | 18,355.40 |
| B. Cash Flow From Investing Activities Acquizition of property, plant and equipment | -46.49 |
| Proceeds from disposal of property, plant and equipment | 0.09 |
| Interest received on bank deposits | 1,344.62 |
| Payment for acquizition of subsidiary (net of cash acquired) | -21,279.21 |
| Investment in bank deposits (net) | -21,187.13 |
| Acquizition of intangible assets | -624,593.79 |
| Acquizition of right to use | -3.79 |
| Acquizition of intangible assets under development | -5.42 |
| Net cash flow used in investing activities | -665,771.12 |
| C. Cash Flow From Financing Activities Proceeds from issue of units | 352,170.00 |
| Unit issue expenses paid | -383.13 |
| Proceeds from long-term borrowings | 486,636.00 |
| Repayment on account of refinancing of loan | -101,148.00 |
| Repayment for subordinate loans (refer note 34) | -25,105.61 |
| Proceed from inter corporate deposit from related party | 165.00 |
| Repayment of inter corporate deposit from related party | -195.00 |
| Repayment of long-term borrowings | -5,738.06 |
| Repayment of lease liabilities | -4.87 |
| Interest paid on inter corporate deposit from related party | -2.27 |
| Interest on bank borrowings paid | -18,844.44 |
| Other finance cost and processing charges paid | -1,764.55 |
| Net cash flow generated from financing activities | 685,785.07 |
| Refer to note 2.3 for a summary of significant accounting policies. The accompanying notes form an integral part of these consolidated financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Ankit Dewan Varun Mehta Partner M. No: 501396 Chairman and Director DIN: 00031034 Chief Executive Officer Company Secretary and Compliance Officer Chief Financial Officer M. No.: A31131 Place: Gurugram Place: London Place: Mumbai Place: Mumbai Place: Mumbai Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2023 (Contd.) (All amounts in ` lakhs, unless otherwise stated) Particulars March 31, 2023 March 31, 2022 Net increase in cash and cash equivalents (A+B+C) | 38,369.35 |
| Cash and cash equivalents at the beginning of the year | 4.01 |
| Cash and cash equivalents at the end of the year (refer note 12A) | 38,373.36 |
| Notes- | 1.00 |
| Consolidated cash flow statement has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7 ‘Statement of Cash Flows’ as specified in the Companies (Indian Accounting Standards) Rules. | 2.00 |
| Cash and cash equivalents represent cash and bank balances. | 3.00 |
| Refer to note 12B for changes in liabilities arising from financing activities. | 4.00 |
| The Group did not have any cash flow changes arising from non-cash transactions from investing and financing activities. INDIAN HIGHWAY CONCESSIONS TRUST Annual Report 2022-23 | 98.00 |
| MAPLE HIGHWAYS CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Refer to note 2.3 for a summary of significant accounting policies. The accompanying notes form an integral part of these consolidated financial statements. As per our report of even date attached. For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Maple Infra InvIT Investment Manager Private Limited ICAI Firm Registration Number: 301003E/E300005 (as investment manager to Indian Highway Concessions Trust) per Amit Gupta Romesh Sobti Anup Vikal Ankit Dewan Varun Mehta Partner M. No: 501396 Chairman and Director DIN: 00031034 Chief Executive Officer Company Secretary and Compliance Officer Chief Financial Officer M. No.: A31131 Place: Gurugram Place: London Place: Mumbai Place: Mumbai Place: Mumbai Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 Date: June 08, 2023 CONSOLIDATED STATEMENT OF CHANGES IN UNITHOLDERS’ EQUITY FOR THE YEAR ENDED MARCH 31, 2023 (All amounts in ` lakhs, unless otherwise stated) A Unit capital [refer note 15A] Particulars Number in lakhs Amount Balance as at April 01, 2021 | 0.00 |
| Units issued during the year | 0.00 |
| Unit issue expenses | 0.00 |
| Balance as at March 31, 2022 | 0.00 |
| Units issued during the year | 3,521.70 |
| Unit issue expenses | 0.00 |
| Balance as at March 31, 2023 | 3,521.70 |
| B Other equity [refer note 15B] Particulars Retained earnings Total Balance as at April 01, 2021 | -173.92 |
Rejected statements
| Statement | Scope | Columns | Reason | Source |
|---|---|---|---|---|
| NDCF | UNSTATED | NO_TOTALS | MAPLE_413acf165ec6 p50 | |
| NDCF | UNSTATED | NO_TOTALS | MAPLE_413acf165ec6 p113 | |
| BS | CONSOLIDATED | 2025-03-31 | NO_TOTAL_ASSETS | MAPLE_413acf165ec6 p115 |
| PL | STANDALONE | PERIOD_NOT_ATTRIBUTABLE | MAPLE_5b51317dc53a p6 | |
| NDCF | UNSTATED | NO_TOTALS | MAPLE_5b51317dc53a p9 | |
| NDCF | UNSTATED | 2024-09-30 | TOTAL_DOES_NOT_TIE:A-B!=NDCF | MAPLE_5b51317dc53a p14 |
| PL | CONSOLIDATED | NO_TOTALS | MAPLE_5b51317dc53a p18 | |
| NDCF | UNSTATED | NO_TOTALS | MAPLE_5b51317dc53a p21 | |
| NDCF | UNSTATED | 2024-09-30 | NO_TOTALS | MAPLE_5b51317dc53a p22 |
| NDCF | UNSTATED | TOTAL_DOES_NOT_TIE:A-B!=NDCF | MAPLE_5b51317dc53a p29 | |
| BS | CONSOLIDATED | 2024-03-31 | NO_TOTAL_ASSETS | MAPLE_da7d555b5d37 p69 |
| NDCF | UNSTATED | NO_TOTALS | MAPLE_da7d555b5d37 p73 | |
| NAV | UNSTATED | 2023-03-31 | NO_TOTALS | MAPLE_5e771e4b7a2f p41 |
| NDCF | UNSTATED | TOTAL_DOES_NOT_TIE:A-B!=NDCF | MAPLE_5e771e4b7a2f p44 | |
| BS | CONSOLIDATED | 2023-03-31 | NO_TOTAL_ASSETS | MAPLE_5e771e4b7a2f p59 |
| NAV | UNSTATED | 2023-03-31, 2022-03-31 | NO_TOTALS | MAPLE_5e771e4b7a2f p63 |
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; 5 valuation report(s) on disk.
Distributions
| Period end | DPU ₹ | Basis | Record date | Payment date | Total (₹ mn) | Source |
|---|---|---|---|---|---|---|
| 2025-03-31 | 2.14 | STATED_NO_PERIOD_IN_SENTENCE | 2025-06-02 | — | not stated | MAPLE_424f4a72b265 p2 |
Assets
Project/property tables (concession length, remaining life, availability, MW) are not extracted in this release; 5 valuation reports and 0 decks are on disk under Documents.
Earnings calls
0 usable call document(s); 0 document(s) on file are not transcripts.
Debt
Borrowings schedule not extracted in this release; the balance sheet lines above carry total borrowings where a statement was accepted.
Unitholding
14 unitholding filings on disk (not parsed in this release).
Documents
| Class | Kind | Filing date | File | SHA-256 |
|---|---|---|---|---|
| ANNUAL_REPORT | — | da54ab56-9da4-4ae5-9da8-733f603da7e9.pdf | 5e771e4b7a2fbff7… | |
| DISTRIBUTION_NDCF | — | 26d22379-cbb7-4d05-b8d1-e8f247a689fa.pdf | 424f4a72b265a872… | |
| DISTRIBUTION_NDCF | — | a821f1cf-9612-4223-b921-547fb78326dd.pdf | 3d2d8375d07c45a5… | |
| DISTRIBUTION_NDCF | — | c9e214d4-3656-4caa-8545-68b73aca6502.pdf | 2a1805539786ea81… | |
| FINANCIAL_RESULTS | — | 26397ed7-af6d-42cc-ab5f-3e485823e795.pdf | 413acf165ec6944b… | |
| FINANCIAL_RESULTS | — | 481603b0-88d5-4098-b331-3b229ab7084c.pdf | 5b51317dc53acb45… | |
| FINANCIAL_RESULTS | — | 6450c844-b8ca-42d6-8766-3d846b342fe7.pdf | 445d908276af09f9… | |
| FINANCIAL_RESULTS | — | bcda645c-de72-4233-b9a1-0f662cf5f4c1.pdf | da7d555b5d37d90f… | |
| SHAREHOLDING_PATTERN | — | 082d7123-1830-42ff-8080-12bbb2ed221b.pdf | eda0ea4b6354e29d… | |
| SHAREHOLDING_PATTERN | — | 75ffa384-2eac-43a7-a58d-207f4ecaa89c.pdf | ac877a5bf8b7f173… | |
| SHAREHOLDING_PATTERN | — | 87da1728-1e1f-48e5-946b-9ce8a7ea00f9.pdf | 62cd61789c2742ac… | |
| SHAREHOLDING_PATTERN | — | 980de992-05ee-479c-9e07-17dfe3f4e715.pdf | 998e9ff873e758e6… | |
| SHAREHOLDING_PATTERN | — | b0c4fbdf-2b9a-4017-819d-d5129edf2684.pdf | d16a12ae5c50c73e… | |
| SHAREHOLDING_PATTERN | — | b4540269-0491-49c6-81e1-9da9a4067057.pdf | ec0e54623387c205… | |
| SHAREHOLDING_PATTERN | — | b45aa778-b5ec-45f7-ac25-f742638db322.pdf | 26b0156b27da81c6… | |
| SHAREHOLDING_PATTERN | — | bcb0a51f-d0e6-4ad2-a7c6-d37fbdc5c7c8.pdf | d3357d8ec7531111… | |
| SHAREHOLDING_PATTERN | — | bfd4d745-ad0f-4e4b-95bd-130d09d6eedc.pdf | 34226a34ee40ebfa… | |
| SHAREHOLDING_PATTERN | — | c1e238b5-7e7f-4b35-a148-4b059201c086.pdf | c69a94e6b0075040… | |
| SHAREHOLDING_PATTERN | — | c93f9b9f-88d3-4b3d-b2ba-216599fce1d7.pdf | d58025fec7eacb21… | |
| SHAREHOLDING_PATTERN | — | d6f1be80-2f96-42b4-a6af-73e18a5fd581.pdf | f5e0bb020dc0821a… | |
| SHAREHOLDING_PATTERN | — | ee48bb5c-cdf2-44dc-a39f-08a7b7ad48d5.pdf | 533d5dc7998db64b… | |
| SHAREHOLDING_PATTERN | — | fee5f161-945f-420e-b84e-d40134dcc6d5.pdf | 6349b1b1cf8eb772… | |
| VALUATION_REPORT | 2023-11-10 | be1979e7-689c-49c4-be1e-126e2ebc46f9.pdf | 06b00924ebc1e4e4… | |
| VALUATION_REPORT | 2024-05-28 | b823ceac-d9b2-4422-8d25-bc8d601885d7.pdf | 1ffa6b2040e57092… | |
| VALUATION_REPORT | 2024-11-12 | ec74bba3-6ce4-4a57-a913-dd7a7189eedb.pdf | e7b13e50ded3a13c… | |
| VALUATION_REPORT | 2025-05-21 | c580e008-b99c-4b59-bf3b-bf985a6c3550.pdf | f6be06ee59c5cd5f… | |
| VALUATION_REPORT | 2026-05-22 | 871f31af-3a7c-4aa3-a6e4-e31bac994d1b.pdf | 1b329b8e7ac049df… |