IRB Infrastructure Developers Limited - Capital/Financing Update 2025

Date: October 15, 2025

To, Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Mumbai 400 001. Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Dear Sir / Ma’am,

Ref: Scrip Code: 532947, Symbol: IRB

Subject: Update - Company sponsored IRB InvIT Fund completes Fund-Raise through Institutional Placement of Units

We refer to the earlier disclosure dated July 4, 2025, regarding IRB InvIT Fund ( “Public InvIT” ), Sponsored by the Company.

Please find enclosed a copy of an update provided by Public InvIT regarding the successful completion of fund raising of Rs.3,248.43 Crs through Institutional Placement of Units. Please find enclosed a press release issued by the Company in this regard.

You are requested to kindly take note of the same.

Thank you,

For IRB Infrastructure Developers Limited

Digitally signed Mehulkuma by Mehulkumar r Natwarlal Natwarlal Patel Patel Date: 2025.10.15 08:47:30 +05'30'

Mehul Patel

Company Secretary

Encl. as above

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Press Release

IRB Infra sponsored IRB InvIT Fund successfully completes FundRaise of Rs.3,248.43Crs through Institutional Placement of Units

First fund-raise activity since listing of the IRB InvIT Fund in 2017
Strong response from the marquee global and domestic Investors

Mumbai, October 15, 2025: IRB Infrastructure Developers Limited, India’s leading and the largest multi-national transport infrastructure developer in the highways sector has announced successful completion of the fund-raising of Rs.3,248.43Crs by its sponsored Public InvIT, i.e., IRB InvIT Fund through Institutional Placement of Units (“IP”) .

Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “This strong response from the marquee global and domestic investors is a testament to the trust and credibility that the IRB Group has built over the years. The upsized IP underscores investor confidence in the Indian infrastructure growth story and in the InvIT platform as a credible, scalable, and transparent vehicle for long-term infrastructure investment. With this fund raise, the InvIT is now well positioned to enhance its portfolio, strengthen distributions, and create sustained value for unitholders. Additionally, the Private InvIT shall become well-positioned to unlock new growth opportunities as it gears up to fund projects worth up to ₹15,000 Crores in the next phase of expansion.”

This is the first fund-raise activity by the Company Sponsored IRB InvIT Fund since its launch and listing way back in year 2017, which witnessed strong and broad-based participation, reflecting the confidence of a diverse set of marquee long-term institutional investors, both foreign and domestic, along with several reputed family offices. Post allotment of the Institutional Placement, investors holding more than 5% of the units, excluding the sponsor, are Anahera Investment Pte. Ltd., Kotak Mahindra Bank Limited, and CIM Investment Fund ICAV. The completion of the IP is subject to listing and trading approval from the exchanges.

Highlights of the IP:

Total Funds Raised through IP: Rs.3,248.43Crs (Upsized from Rs.3,000Crs)
Use of proceeds: Partly fund the acquisition of three BOT highway assets, Viz., Hapur - Moradabad, Kaithal - Rajasthan Border, and Kishangarh – Gulabpura from the IRB Infrastructure Trust

In addition, the Company sponsored IRB Infrastructure Trust (Private InvIT) is expected to receive approximately Rs.4,905Crs as equity consideration upon completion of the transaction. This infusion

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Press Release

will enable the Private InvIT to pursue new highway projects worth over ₹15,000 Crores, further strengthening the Group’s development pipeline and growth prospects.

To reiterate, the Company is a Sponsor and Project Manager of the IRB InvIT Fund and holds approx. 16% stake in the IRB InvIT Fund.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.

As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs. in 12 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating, and maintaining around 19,000 Lane Kms pan India in its existence of more than 25 years in India; of which 15,500 Lane Kms are under operations at present. The group commands a market share of around 33% in the TOT space and around 14% in the prestigious Golden Quadrilateral Project. It also comprises 12% share in India’s North South highway connectivity.

After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects.

For further details, please contact:

Tejal Divte, Concept PR, 99305 51440, [email protected]
Vivek Devasthali, Head, Corporate Communications, 99300 80099, [email protected]

Disclaimer:

Except for the historical information contained herein, statements in this communication and any subsequent discussions, which include words or phrases such as ‘will’, ‘aim’, ‘will likely result’, ‘would’, ‘believe’, ‘may’, ‘expect’, ‘will continue’, ‘anticipate’, estimate’, ‘intend’, ‘plan’, ‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, ‘likely’, ‘project’, ‘on-course’, ‘should’, ‘potential’, ‘pipeline’, ‘guidance’, ‘will pursue’ ‘trend line’ and similar expressions or variations of such expressions may constitute ‘forward-looking statements’.

The forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.

These risks and uncertainties include but are not limited to the IRB Infrastructure Developers Limited and/ or its Associates’ ability to successfully implement its strategy, its growth and expansion plans, obtain regulatory approvals, provisioning policies, technological changes, investment and business income, cash flow projections, exposure to market risks as well as other risks. In addition, the consummation of the transactions described herein is subject to various conditions precedent.

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Press Release

IRB Infrastructure Developers Limited does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

These materials are not a prospectus, a statement in lieu of a prospectus, an offering circular, an invitation or an advertisement or an offer document under the Indian Companies Act, 2013 together with the rules and regulations made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.