Cube Highways Trust has informed that the meeting of the Audit Committee and Board of Directors of Cube Highways Fund Advisor, acting in the capacity of Investment Manager to Cube Highways Trust (‘InvIT’) held on Wednesday, May 22, 2024, considered the following matters: a) Basis the recommendation of the Audit Committee, the Board of Directors considered and approved the Annual Audited Standalone and Consolidated Financial Information of the InvIT, for the financial year ended March 31, 2024, along with the audit report prepared by the Statutory Auditors of InvIT; Further, it has informed that the financial information of the Investment Manager is not disclosed as there is no material erosion in the net worth. b) Approved declaration of distribution of INR 3.94/- per Ordinary Unit payable to all Ordinary Unitholders as on the record date. The break-up of the same enclosed. c) Noted the Valuation Report of the InvIT Assets as on March 31, 2024, as issued by Independent Valuer Ernst & Young Merchant Banking Services LLP (Valuer), possessing IBBI registration number IBB I/RV-E/05/2021/155. d) Approved availing of the financial assistance of an amount aggregating up to Rs 5100 cr by InvIT by way of: a) rupee facilities (both fund and non-fund-based facilities) from certain banks and/or financial institutions aggregating upto Rs 3100 Cr, in one or more tranches; and b) issuance of non-convertible debt securities, on private placement basis, of the InvIT aggregating upto Rs 2000 Cr, in one or more tranches. Further it has informed that the record date for the purpose of the above distribution is Friday, May 24, 2024. The meeting of the Board of Directors of the Investment Manager commenced at 8.35 pm and concluded at 11:55 pm.
The above information is a part of company’s filings submitted to BSE.
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|---|---|
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| TVS Holdings | 14404.95 |
| RattanIndia Ent | 36.82 |
| Altius Telecom Infra | 160.00 |
| Authum Inv. & Infra | 474.00 |
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