IRB Infrastructure Developers Limited — Capital/Financing Update 2025

Oct 7, 2025

October 7, 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,

Ref.: Scrip Code: 532947, Symbol: IRB

Subject: Toll Revenue for September 2025

Please find enclosed Project-wise toll revenue for the Month of September 2025 for the subsidiaries & Joint venture entities of the Company.

Please find enclosed a press release in this regard.

Kindly take the same on record.

For IRB Infrastructure Developers Limited

Digitally signed Mehulkuma by Mehulkumar r Natwarlal Natwarlal Patel Patel Date: 2025.10.07 18:16:20 +05'30' Mehul Patel Company Secretary

IRB Infrastructure Developers Limited

Gross Toll Collection for September'25 increased by ~11 % on Y-o-Y basis

				(Rs. in millions)
Sr. No.	Company Name	September 2025	September 2024	Relationship with entities
1	IRB MP ExpresswayPrivateLimited	1,386	1,368	Wholly-owned Subsidiaries
2	IRB Ahmedabad Vadodara Super Express TollwayPrivate Limited	675	584
3	CGTollwayLimited	342	301	Joint Ventures - Entities under- IRB Infrastructure Trust (Pvt. InvIT)
4	Udaipur TollwayLimited	261	241
5	Palsit Dankuni TollwayPrivate Limited	211	122
6	AE TollwayLimited	225	194
7	Yedeshi Aurangabad TollwayLimited	229	216
8	IRB Hapur Moradabad TollwayLimited	301	250
9	Kaithal TollwayLimited	119	112
10	Kishangarh Gulabpura TollwayLimited	232	190
11	IRB Westcoast TollwayLimited	114	108
12	Solapur Yedeshi TollwayLimited	117	105
13	IRB Golconda ExpresswayPrivate Limited	704	607
14	Samakhiyali TollwayPrivate Limited	103	106
15	IRB Lalitpur TollwayPrivate Limited	372	346
16	IRB Kota TollwayPrivate Limited	66	65
17	IRB Gwalior TollwayPrivate Limited	110	103
	Total:	5,567	5,018	12.06%

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Press Release

11% Y-o-Y rise in Toll Revenue for IRB Infra & IRB Infrastructure Trust; (Rs.557Crs in September 2025 Vs. Rs.502Crs in September 2024)

Mumbai, October 7, 2025: Continuing with the robust toll revenue growth, IRB Infrastructure Developers Ltd, India’s leading and the largest multi-national transport infrastructure developer and the IRB Infrastructure Trust, India’s leading private infrastructure investment trust in highways sector collectively reported Y-o-Y toll revenue growth of 11% in September 2025.

The September 2025 toll revenue for both the entities stood at Rs.557Crs against Rs.502Crs in September 2024.

Commenting on the occasion, Shri Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, “Despite the extended monsoon impacting traffic, September 2025 toll revenue rose by 11%, showing notable resilience. The GST reform, announced in August and implemented in late September, caused temporary softness in goods movement, slightly moderating the upside. Looking forward, the onset festive season coupled with the GST 2.0 implementation bringing surge in economic activities are expected to maintain sustained toll revenue growth in coming months.”

The toll collection details Project and SPV wise are as follows:

Sr. No	Company Name	September 2025 (Rs. in Mn)	September 2024 (Rs. In Mn)	Relationship with Entities
1	IRB MP Expressway Pvt Limited (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)	1,386	1,368	Wholly – owned Subsidiaries
2	IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited (Ahmedabad Vadodara Expressway NE1 & Highway NH48)	675	584
3	CG Tollway Limited (Chittorgarh to Gulabpura NH79)	342	301	Joint Ventures Entities under the IRB Infrastructure Trust (Private InvIT)
4	Udaipur Tollway Limited (Udaipur to Shamlaji NH48)	261	241
5	Palsit Dankuni Tollway Private Limited (Palsit to Dankuni NH19)	211	122
6	AE Tollway Limited (Agra to Etawah NH19)	225	194
7	Yedeshi Aurangabad Tollway Limited (Yedeshi to Aurangabad NH211)	229	216
8	IRB Hapur Moradabad Tollway Limited (Hapur to Moradabad NH 9)	301	250
9	Kaithal Tollway Limited (Kaithal to Rajasthan Border NH152/65)	119	112

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		Press Release	Press Release	Press Release
10	Kishangarh Gulabpura Tollway Limited (Kishangarh to Gulabpura NH79A & NH79)	232	190
11	IRB Westcoast Tollway Limited (Karwar to Kundapura NH66)	114	108
12	Solapur Yedeshi Tollway Limited (Solapur to Yedeshi NH211)	117	105
13	IRB Golconda Expressway Private Limited (Hyderabad Outer Roing Road)	704	607
14	Samakhiyali Tollway Private Limited (Samakhiyali to Santalpur NH27)	103	106
15	IRB Lalitpur Tollway Private Limited (Lalitpur Lakhnadon NH44– TOT 12)	372	346
16	IRB Kota Tollway Private Limited (Kota Bypass– TOT 13)	66	65
17	IRB Gwalior Tollway Private Limited (Jhansi Gwalior NH44–TOT 13)	110	103
	Total	5,567	5,018

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, tejal@conceptpr.com

• Vivek Devasthali, Head, Corporate Communications, 99300 80099, vivek.devasthali@irb.co.in

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Press Release

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 ‘forwardlooking 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.

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.

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