National Infrastructure Trust

National Infrastructure Trust ("Trust") was settled on September 25, 2023, in Gurugram pursuant to the Trust Deed as a contributory irrevocable trust in accordance with the Indian Trusts Act, 1882. The Trust is an Infrastructure Investment Trust (InvIT) established for making investments in special purpose vehicles as defined under Regulation 2(1)(zy) of the InvIT Regulations, or infrastructure projects or securities of Indian companies engaged in the infrastructure sector, as may be permitted in terms of Regulation 18(5) of the InvIT Regulations. Axis Trustee Limited is the Trustee to the Trust. Gawar Investment Manager Private Limited (GIMPL) was incorporated as a private limited company on August 26, 2023, under the Companies Act, 2013. GIMPL is a wholly-owned subsidiary of Gawar Group. GIMPL has been appointed as the Investment Manager to the NIT InvIT by Axis trustee Limited; the trustee to NIT InvIT and is responsible for managing the operations of InvIT in accordance with InvIT regulations.