Interise Trust, a registered Infrastructure Investment Trust (InvIT) under SEBI regulations, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Along with the financial results, the Trust has also declared a distribution of Rs 3.81 per unit to its unitholders.

The decision was approved by the Board of Directors of Interise Investment Managers Private Limited, which acts as the Investment Manager (IM) of Interise Trust, during its meeting held on February 12, 2026. This announcement was formally communicated to both BSE Limited and the National Stock Exchange of India Limited (NSE).

This development is important for investors tracking the performance of InvITs in India, especially those focused on stable income through infrastructure-backed assets.

Key Highlights of the Announcement

The Board has approved the following major decisions:

• Adoption of unaudited financial results for Q3 FY26 and nine months ended December 31, 2025.

• Declaration of a distribution of Rs 3.81 per unit.

• Confirmation of February 17, 2026 as the record date for distribution eligibility.

• Approval for issuance of Commercial Papers (CPs) up to Rs 950 crore in one or more tranches.

Each of these decisions carries significance for both current and prospective investors.

Detailed Breakdown of Rs 3.81 Per Unit Distribution

The total distribution of Rs 3.81 per unit is divided into three components:

• Rs 2.82 per unit towards Interest

• Rs 0.98 per unit towards Dividend

• Rs 0.01 per unit towards Other Income

This distribution will be subject to withholding taxes, as applicable under prevailing tax laws.

Why the Breakup Matters

For investors, the composition of distribution is crucial because:

• Interest income may be taxed differently compared to dividend income.

• Dividend income can have different tax implications depending on the investor category.

• Even small components like other income are disclosed transparently to maintain regulatory compliance.

This structured distribution shows that Interise Trust continues to follow regulatory norms while maintaining clarity in financial disclosures.

Record Date Fixed as February 17, 2026

The Trust has reiterated that Tuesday, February 17, 2026 will be the record date for determining eligible unitholders.

This means:

• Only those investors whose names appear in the register of unitholders as on this date will receive the declared distribution.

• Units purchased after the ex-date will not qualify for this payout.

The record date has been fixed in accordance with Regulation 18(6)(c) of the InvIT Regulations, ensuring full compliance with SEBI norms.

For retail investors, tracking the record date and ex-date is very important to avoid missing out on distributions.

Understanding InvIT Distributions

Infrastructure Investment Trusts (InvITs) are designed to generate stable and predictable cash flows from operational infrastructure assets. Unlike traditional equities, InvITs are often considered yield-oriented investment vehicles.

Under SEBI guidelines:

• InvITs must distribute at least 90% of net distributable cash flows to unitholders.

• Distributions are typically made quarterly or semi-annually.

The declaration of Rs 3.81 per unit indicates that Interise Trust continues to follow a consistent distribution policy, which is attractive for income-focused investors.

Financial Results for Q3 and Nine Months Ended December 31, 2025

Although detailed numbers are enclosed in Annexure A (as per the official disclosure), the approval of unaudited standalone and consolidated financial results reflects operational transparency.

Standalone vs Consolidated Results

• Standalone results represent the financial performance of the Trust itself.

• Consolidated results include financial performance of subsidiaries or special purpose vehicles (SPVs) under the Trust structure.

For InvITs, consolidated results are particularly important because infrastructure assets are often held through SPVs.

The limited review report accompanying the results ensures that financial statements have been reviewed by auditors, enhancing investor confidence.

Approval of Commercial Paper Issuance Up to Rs 950 Crore

Another significant announcement is the approval granted by the Investment and Finance Committee for issuance of Commercial Papers (CPs).

What Are Commercial Papers?

Commercial Papers are:

• Short-term unsecured debt instruments

• Typically issued for working capital or liquidity management

• Issued in tranches based on funding requirements

Interise Trust has approved issuance of CPs up to an aggregate amount not exceeding Rs 950 crore.

Why This Matters

This move indicates:

• Active liquidity management

• Potential refinancing strategy

• Short-term funding optimisation

Issuing CPs may help the Trust reduce financing costs compared to long-term borrowing, depending on prevailing interest rates.

However, investors should also understand that CPs increase short-term liabilities, which must be managed efficiently.

Regulatory Compliance and Transparency

Interise Trust is registered under SEBI Registration Number IN/InvIT/17-18/0007. The Trust has disclosed all decisions in compliance with:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations

• InvIT Regulations

The disclosure was submitted to:

• BSE Limited

• National Stock Exchange of India Limited

The Trust has also copied the communication to:

• IDBI Trusteeship Services Limited (Trustee)

• Axis Trustee Services Limited (Debenture Trustee)

• ICICI Bank Limited (Issuer and Paying Agent)

This multi-level disclosure mechanism ensures regulatory accountability.

Market Implications of the Announcement

For Existing Unitholders

• They will receive Rs 3.81 per unit, subject to tax.

• Stable distribution strengthens investor confidence.

• Record date clarity avoids confusion.

For Prospective Investors

• The announcement signals consistent cash flow generation.

• CP issuance indicates proactive financial management.

• Financial result approval reflects operational continuity.

For InvIT Sector

The announcement reinforces the broader narrative that InvITs in India are emerging as stable yield products, particularly attractive during volatile equity markets.

Understanding Interise Trust’s Structure

Interise Trust operates through its Investment Manager, Interise Investment Managers Private Limited.

In an InvIT structure:

• The Sponsor sets up the Trust.

• The Investment Manager manages assets.

• The Trustee oversees regulatory compliance.

• The Unitholders invest capital and receive distributions.

This multi-layered governance ensures checks and balances.

Why InvITs Are Gaining Popularity in India

In recent years, InvITs have gained traction because:

• They offer predictable returns

• They invest in revenue-generating infrastructure

• They provide exposure to sectors like roads, power transmission, renewables, and urban infrastructure

With India’s focus on infrastructure growth, InvITs are likely to play a major role in capital mobilisation.

Taxation Considerations for Investors

Since the distribution includes:

• Interest component

• Dividend component

• Other income

Investors must check:

• Their applicable tax slab

• TDS deductions

• Treatment under Income Tax Act

Taxation rules differ for:

• Resident individuals

• Non-resident investors

• Domestic institutions

• Foreign portfolio investors

Hence, consulting a tax advisor is recommended.

Risk Factors Investors Should Consider

While distributions are attractive, investors must remember:

• InvIT returns depend on asset performance.

• Interest rate fluctuations can impact debt costs.

• Regulatory changes can affect payout structure.

• CP issuance increases short-term obligations.

A balanced view is always advisable.

Governance and Compliance Strength

The communication was signed by:

Amit Shah
Chief Compliance Officer & Vice President – Company Secretary

This indicates strong compliance oversight within the organisation.

Having a dedicated compliance head ensures:

• Timely regulatory filings

• Proper governance standards

• Transparent investor communication

Overall Financial Discipline and Strategy

The combination of:

• Financial result approval

• Distribution declaration

• CP issuance approval

Shows that Interise Trust is actively managing both its income distribution obligations and capital structure.

Such dual focus is essential for long-term sustainability in infrastructure investments.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.