Citius InvIT postal ballot: vote on 49% borrowings in 2026

What the postal ballot is about

Citius TransNet Investment Trust has initiated a postal ballot to seek unitholder approval for increasing its aggregate consolidated borrowings and deferred payments. The proposal is to allow borrowings up to 49% of the value of the InvIT’s assets. The Investment Manager is EAAA TransInfra Managers Limited. The trust said the resolution is aligned with SEBI (Infrastructure Investment Trusts) Regulations, 2014, and the approval is being sought under Regulation 20(3). The stated purpose is to secure funds for business requirements and investment opportunities. The trust also noted that the plan is backed by credit ratings from CRISIL and India Ratings.

Proposed borrowing headroom and what it enables

The resolution proposes that the InvIT, along with its HoldCos and Project SPVs, be authorised to borrow such that the total aggregate consolidated borrowings and deferred payments do not exceed 49% of the value of the InvIT’s assets. The notice also covers the instruments through which funds can be raised. These include debentures, term loans, bonds, and deposits. The resolution further permits the creation of security over movable and immovable properties of the trust and its SPVs to secure the borrowings. The trust has positioned the proposal as a funding flexibility measure rather than a single-transaction approval.

Who can vote and how the process works

Only unitholders recorded in the Register of Beneficial Owners as of the close of business hours on May 15, 2026 are eligible to vote. The trust has arranged remote e-voting for the ballot. KFIN Technologies Limited will provide the remote e-voting facility in its capacity as Registrar and Transfer Agent. Ashita Kaul & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to oversee the e-voting process. The resolution requires a simple majority from unitholders.

Key dates for the postal ballot

The notice sets out a clear voting window, including start and end times in IST. The trust also said the results will be declared within two working days after the conclusion of the e-voting period and communicated to the stock exchanges.

Snapshot: what Citius TransNet InvIT owns

Citius TransNet Investment Trust is an infrastructure investment trust focused on the transport sector in India, with an emphasis on road assets. The trust’s portfolio described in the provided material includes 10 road assets. This includes 7 toll roads and 3 annuity roads spread across nine states. The trust’s road portfolio aggregates 3,406.71 lane-km. The materials further break this into seven toll assets spanning 3,043.22 lane-km and three annuity assets spanning 363.49 lane-km. This mix matters because toll and annuity road assets typically have different cash flow characteristics, and InvIT funding decisions often consider portfolio composition.

Trust formation and SEBI registration

The trust was incorporated on July 21, 2025. It was registered with SEBI as an InvIT on August 1, 2025. The trust’s stated objective is to acquire, manage, and invest in a portfolio of transport infrastructure assets, including roads, in India. These details frame why borrowing limits and capital structure decisions are central for an InvIT, which is designed to hold infrastructure assets through SPVs and distribute cash flows to unitholders.

IPO context and listing details mentioned in the material

The provided information also references the trust’s initial public offer and key issuance parameters. The trust’s symbol is shown as CITIUSINVT. The IPO issue period is stated as 17-Apr-2026 to 21-Apr-2026, with a lot size of 150 and minimum investment of ₹14,850. The price band is stated as ₹99-100. The issue size is shown as ₹1,105 crore, which is also described elsewhere as Rs. 11,050 million (equivalent to ₹1,105 crore). The material mentions the units are proposed to be listed on BSE and NSE.

The IPO timeline appears in more than one form within the provided text. One set of dates lists bidding from 17-21 Apr 2026, allotment on 24-Apr-2026, refunds and demat transfer on 27-Apr-2026, and listing on 29-Apr-2026. Another set states allotment on Apr 22, 2026, refund credit on Apr 23, 2026, and listing on Apr 24, 2026, with basis of allotment on Apr 24, 2026 and demat credit by Apr 27, 2026. Readers should rely on the official exchange filings and registrar communications for the definitive schedule.

Why the 49% threshold matters in practice

The postal ballot is focused on raising the ceiling for aggregate consolidated borrowings and deferred payments relative to asset value. For an InvIT that holds multiple project SPVs, consolidated leverage is a key metric for both compliance and investor assessment. Borrowing headroom can support acquisitions, refinancing, or other business requirements, depending on the trust’s investment pipeline. The trust’s notice also explicitly allows multiple borrowing instruments and the creation of security, which indicates the approval is intended to cover a range of financing structures. The mention of credit ratings from CRISIL and India Ratings suggests the trust is positioning its financing plans within the framework commonly used by debt markets.

What unitholders should watch next

The immediate next milestone is the close of the e-voting window on June 10, 2026 at 5:00 pm IST. The trust has stated that results are expected within two working days after the end of e-voting, and will be communicated to the stock exchanges. Separately, investors tracking the trust may also look for subsequent disclosures on the borrowing plan, including the specific instruments used and whether security is created on assets held by SPVs. Any such details would typically follow after the authorisation is approved and financing steps are initiated.

Conclusion

Citius TransNet Investment Trust’s postal ballot seeks a unitholder mandate to raise consolidated borrowings and deferred payments to 49% of asset value, with voting open from May 20 to June 10, 2026. The outcome, expected shortly after the voting window closes, will determine the trust’s near-term financing flexibility under SEBI’s InvIT regulations.