About Company

• q  Raajmarg Infra Investment Trust (“Trust”) is an infrastructure investment trust that is registered with SEBI under the InvIT Regulations on December 22, 2025, under Regulation 3(1) of the InvIT Regulations. The Trust intends to acquire, operate and maintain the InvIT Assets pursuant to the terms of the Concession Agreements.
• q  The Trust is sponsored by NHAI, an autonomous authority of the GoI under the MoRTH, constituted on June 15, 1989, under the NHAI Act.
• q  The Trust proposes to have an initial portfolio of 5 Toll Roads in the Indian states of Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka under the Toll Operate Transfer (“TOT”) model conceived by NHAI. The Toll Roads comprise 5 toll roads spanning a total length of 260.198 kms and form part of the Golden Quadrilateral project.
• q  The Project SPV will acquire, operate, and maintain 5 toll-road projects in India with a 15-year concession period.
• NHAI is prohibited from constructing a Competing Road of each of the Toll Roads during the respective concession periods.
• NHAI is prohibited from constructing, or permitting the construction of, any competing expressway or other toll road (Additional Tollway) between specified stretches of each Toll Road at any time during the relevant concession period. The Trust will be compensated if its toll collection activities are impacted by an Additional Tollway. NHAI is also obligated to use its best efforts to ensure that the tolls levied on vehicles using the Additional Tollway are at least 25% higher than the toll rates on the impacted Toll Road.
• q  The Sponsor will offer around 1,500 km of completed and operational national highways to the Trust over the next three to five years for monetization (“Future Assets”).
• q  The toll rates are adjusted annually based on a 40% increase in the wholesale price index for the previous December, plus a fixed 3% as specified under the NHAI Fee Rules.
• q  The net distributable cash flows of the Trust (the “Distributable Income”) shall be based on the cash flows generated from the underlying operations undertaken by the SPV and/or any HoldCo held by the Trust. The Trust shall distribute at least 90% of the Distributable Income to the Unitholders in proportion to their respective unit holdings..

Strengths

Competitive Strength 

• Attractive industry sector with strong underlying fundamentals and favourable government policies
• Experienced Sponsor with a consistent track record in operating and maintaining projects in the roads and highways sector in India
• Sizeable portfolio of diversified long-term revenue-generating Toll Road assets
• Portfolio of strategically located assets catering to key economic corridors of the country
• Significant growth visibility through a defined pipeline of future assets
• Concession Agreement terms with low counterparty risk
• Experienced management team with industry experience
• Long-term transitional support from NHAI, ensuring operational continuity

Business Strategies 

• Organic growth through proactive management
• Acquisition of toll road projects
• Optimisation of capital structure
• Seamlessly transition all aspects of the Toll Roads upon acquisition
• Improve toll collection efficiencies across the Toll Roads

Company Promoters

Company Financials

00

Objects of the Issue

• General Corporate Purposes [ • ]Objects Amount (? Cr)
• Infusion of debt and equity into the Project SPV, which shall be utilised by the Project SPV for the
payment of concession value of the InvIT Assets to NHAI
5,850.00