Bharat Highways InvIT has been settled by G R Infraprojects Limited, the Settlor, as an irrevocable trust under the provisions of the Trusts Act in Gurugram, India pursuant to the Original Trust Deed on June 16, 2022. The InvIT has been registered with the SEBI as an infrastructure investment trust under Regulation 3(1) of the SEBI InvIT Regulations on August 3, 2022. Pursuant to the Original Amended and Restated Trust Deed dated December 8, 2022, Lokesh Builders Private Limited was inducted as the new sponsor of the InvIT, replacing G R Infraprojects Limited. Subsequently, pursuant to the Amended and Restated Trust Deed dated October 31, 2023, Aadharshila Infratech Private Limited was inducted as the new sponsor of the InvIT, replacing Lokesh Builders Private Limited, and such change in sponsor was approved by SEBI pursuant to its letter dated November 24, 2023.

Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the SEBI InvIT Regulations. It was settled by way of the Original Trust Deed, by GRIL (the Settlor), and registered as an infrastructure investment trust with SEBI on August 3, 2022 pursuant to the SEBI InvIT Regulations. The Sponsor is engaged in testing services in the field of transportation engineering and has expertise in NSV survey, FWD survey, pavement design of roads and airports, physical and chemical testing of soil, lime, cement, road roughness testing, concrete and bituminous mix design of road projects. The Sponsor has setup a laboratory at its registered address which is accredited with National Accreditation Board for Testing and Calibration Laboratories for the discipline of chemical, mechanical and non-destructive testing. NMHPL, the Associate of the Sponsor is a road engineering, procurement, and construction company, with experience in design and construction of various road/highway projects. NMHPL has over six years of experience in the execution of infrastructure projects since 2017.

The Sponsor has an established track record of physical and chemical testing of soil and other material (cement testing, fly ash, bitumen emulsion, aggregate testing) at its laboratory accredited by NABL, which enables it to determine the appropriate material mix for development of bituminous and concrete road projects. Further, its capability to assess the roughness and balance life of road projects allows it to determine the appropriate maintenance activity to be undertaken on the road projects. The Sponsor through itself and its Associate, NMHPL, complies with the eligibility requirements under the SEBI InvIT Regulations of ensuring a sound track record in development of infrastructure.

Business area of the company

Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the SEBI InvIT Regulations.