Maple Infrastructure Trust Approves NCD Issuance of 7 Bln Rupees

MUMBAI — In a strategic financial move to support its expanding portfolio of highway assets, the board of directors of Maple Infrastructure Trust has officially approved the issuance of non-convertible debentures (NCDs) aggregating up to 7 billion rupees.

The Mumbai-headquartered infrastructure investment trust (InvIT)—sponsored by Maple Highways Pte Ltd, a subsidiary of CDPQ—announced that the debt fundraising initiative is designed to refinance existing financial obligations, support working capital requirements, and fund ongoing capital expenditures across its national toll road network.

Expanding Financial Flexibility and Infrastructure Growth

Maple Infrastructure Trust manages an extensive portfolio of vital highway and road assets across India, including major expressway projects and recently acquired regional toll corridors. The planned issuance of NCDs provides the trust with optimized long-term capital stability as traffic volumes and commercial transport demands grow nationwide.

According to regulatory filings and corporate disclosures:

• Fundraising Scale: The board-approved NCD issuance aims to mobilize up to 7 billion rupees through institutional and private placement channels.

• Capital Utilization: Proceeds will be strategically allocated toward debt restructuring, lowering overall borrowing costs, and financing the maintenance and expansion of strategic highway assets.

• InvIT Framework: Operating under Securities and Exchange Board of India (SEBI) guidelines, the trust continues to leverage structured debt instruments to fund infrastructure development efficiently.

Official Sources Section

• BSE India Corporate Disclosures: Official exchange filings, board meeting outcomes, and NCD issuance announcements for Maple Infrastructure Trust (BSE: MAPE).

• Securities and Exchange Board of India (SEBI): Regulatory guidelines governing infrastructure investment trusts (InvITs) and corporate debt issuances.

Quote Section

According to statements released by corporate executives and financial market disclosures regarding the debt restructuring:

"Issuing non-convertible debentures on this scale allows us to optimize our debt profile, secure long-term capital at competitive rates, and ensure the continued operational efficiency of our highway assets."

Why It Matters

For institutional investors, bondholders, and the broader infrastructure sector, the successful issuance of NCDs by major InvITs reflects continued confidence in India's transport corridors. Optimizing capital structures enables infrastructure trusts to maintain steady cash flows and support reliable dividend distributions while facilitating long-term economic growth.

Key Facts at a Glance

• Entity Name: Maple Infrastructure Trust (formerly Indian Highway Concessions Trust).

• Action: Board approval for NCD issuance aggregating up to 7 billion rupees.

• Sponsor: Maple Highways Pte Ltd (CDPQ group).

• Primary Objective: Refinancing existing debt and funding highway asset operations.

FAQ Section

What is the purpose of the Maple Infrastructure Trust NCD issuance? The capital raised through the non-convertible debentures will be used to refinance existing debt, optimize capital costs, and fund ongoing highway infrastructure operations.

How much capital is Maple Infrastructure Trust raising through NCDs? The board has approved the issuance of NCDs aggregating up to 7 billion rupees.

What assets does Maple Infrastructure Trust manage? The trust operates and manages a large portfolio of strategic toll roads and highway concessions across India.

Where are the financial disclosures for this issuance filed? Official notifications and regulatory documents are filed directly with the Bombay Stock Exchange (BSE) under corporate disclosure rules.

Source: BSE India, Maple Infrastructure Trust Disclosures, SEBI