Roadstar Infra InvIT gets ₹473.72 cr NHAI cash in 2026

Roadstar Infra Investment Trust has confirmed that its subsidiary, Pune Sholapur Road Development Company Limited (PSRDCL), received a net settlement of ₹473.72 crore from the National Highways Authority of India (NHAI) on July 31, 2026. The payment is part of the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme and closes contractual disputes between PSRDCL and NHAI.

The Trust disclosed the receipt to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 1, 2026, through Roadstar Investment Managers Limited, which acts as the Investment Manager of the InvIT. The update follows an earlier exchange intimation dated July 13, 2026, when the Trust had announced the execution of the Settlement Agreement.

The gross settlement amount was ₹499.09 crore. After tax deducted at source (TDS), the net amount received by PSRDCL was ₹473.72 crore, consistent with the terms laid out in the signed agreement.

What the Trust disclosed on August 1

Roadstar said the settlement proceeds were received on July 31, 2026, and that the receipt is an update to the earlier disclosure regarding the settlement agreement execution. The Trust positioned the cash inflow as confirmation that funds have come in as per the agreed terms.

The disclosure also clarifies the difference between the gross settlement amount and the net inflow, reflecting the TDS deduction. The net receipt figure is the amount that ultimately reached the subsidiary.

Settlement receipt: key figures

The Trust provided the following financial break-up of the settlement and the date of receipt.

Timeline: agreement to cash receipt

The settlement process, as described in the disclosures, spans from execution of the agreement to the actual cash receipt and subsequent exchange intimation.

How the dispute resolution was structured

According to the details provided, the settlement was reached under Section 73(2) of the Arbitration and Conciliation Act, 1996, through the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme. The Trust described the settlement as a full and final payment by NHAI to discharge obligations related to the dispute with PSRDCL.

The closure is tied to claims that had previously been adjudicated by the Delhi High Court. The settlement agreement is also described as concluding the litigation process relating to an arbitral award.

Background: arbitral award and court history

The disclosures refer to an arbitral award dated November 30, 2017. The original arbitral award amount mentioned was ₹547.96 crore. The award was subsequently upheld by the Hon'ble High Court of Delhi via an order dated March 14, 2019.

Against this backdrop, the settlement amount agreed under Vivad Se Vishwas-III was ₹499.09 crore, described as the final settlement amount for the dispute.

Why the cash receipt matters for the InvIT

From an operational standpoint, the key development is that the settlement is no longer just an agreement on paper. The InvIT has confirmed actual receipt of funds at the subsidiary level, net of taxes.

The Trust also framed the payment as providing significant liquidity and closing a long-standing dispute. With the payment received, the Trust has an auditable confirmation of inflows aligned with the settlement agreement terms.

Unitholding pattern disclosed for Q1FY26

Separately, Roadstar Infra Investment Trust disclosed its unitholding pattern for the quarter ended June 30, 2026. The Trust reported public unitholding of 77.56% and sponsor group holding of 22.44%.

The total outstanding units as of June 30, 2026, were 45,54,77,143, and the Trust stated that no sponsor units were pledged.

Market references mentioned in the update stream

The information set also references a unit price of ₹100 as on June 22, 2026, and a market capitalisation of ₹4,554.77 crore as of the same date. These figures were presented alongside the settlement-related updates.

Analysis: what is confirmed and what is not

What is confirmed through the Trust’s disclosures is the settlement structure, the amounts (gross, TDS, and net), the scheme used, and the dates of agreement execution, cash receipt, and exchange disclosure. The record also links the settlement to the 2017 arbitral award and the 2019 Delhi High Court order mentioned in the summary.

However, the disclosures do not state how Roadstar will deploy the settlement proceeds, whether any distribution will be considered, or how the receipt will change financial metrics. Any conclusion beyond the stated receipt and dispute closure would go beyond the provided information.

Conclusion

Roadstar Infra Investment Trust has confirmed that PSRDCL received ₹473.72 crore net from NHAI on July 31, 2026, against a gross settlement of ₹499.09 crore under the Vivad Se Vishwas-III scheme. The Trust’s August 1 disclosure to BSE and NSE closes the loop on the July 13 update about the settlement agreement execution, and documents the final inflow net of TDS.