In continuation of its earlier disclosure dated January 12, 2024 and November 24, 2023 and approval of shareholders of the Company accorded by way of Postal Ballot on February 15, 2024 with respect to the Related Party Transactions to be undertaken for implementation of Tolling, Operation, Maintenance and Transfer of four lane Lalitpur-Sagar-Lakhnadon of NH-44 (the ‘TOT-12 Project’) [SPV – IRB Lalitpur Tollway (‘IRBLTPL’)] and the Gwalior Jhansi section of NH-75 (New NH-44) and Kota Bypass and Cable Stay Bridge on NH-76 (New NH-27) – (the ‘TOT-13 Project’) [SPV – IRB Kota Tollway (‘IRBKTPL’) and IRB Gwalior Tollway (‘IRBGTPL’)] through the Company’s Associate viz. IRB Infrastructure Trust (the ‘Trust’). In this regard, IRB Infrastructure Developers has informed that the Company has now executed the definitive agreements with the Trust, affiliates of GIC as financial investors, (‘Financial Investors’) and IRBLTPL in relation to the TOT-12 Project, and IRBKTPL and IRBGTPL in relation to the TOT-13 Project, which are subject to the fulfilment of the conditions precedent therein. The Company will also act as the Project Manager of IRBLTPL, IRBKTPL and IRBGTPL to implement the TOT-12 Project and the TOT-13 Project, respectively. The details of the transaction which are required to be furnished to the Stock Exchanges are annexed herewith as ‘Annexure – I’ and ‘Annexure – II’.
The above information is a part of company’s filings submitted to BSE.