IRB Infrastructure Developers' SPV, Kaithal Tollway Limited (KTL), has received a favorable unanimous arbitral award against the NHAI. As the sponsor and project manager, IRB is entitled to receive ₹273.54 crore plus interest until the date of realization. Additionally, the concession period for the project has been extended by 136.77 days to compensate for construction delays caused by NHAI. This cash inflow and extension strengthen the company's financial position and project longevity.

IRB Infrastructure Developers has initiated a postal ballot to seek shareholder approval for a 1:1 bonus share issue, which will capitalize up to ₹603.90 crore from its reserves. To facilitate this, the company proposes to double its authorized share capital from ₹615 crore to ₹1,260 crore. The ballot also includes approval for a material related party transaction regarding the TOT-18 project implementation and the re-appointment of Mrs. Deepali V. Mhaiskar as Whole Time Director. E-voting for these resolutions will take place between February 22 and March 23, 2026.

IRB Infrastructure Developers has announced a 1:1 bonus issue and a third interim dividend of Re 0.07 per share for FY26. The company also secured a major project management contract for the TOT-18 project with an estimated value of Rs 1,866.55 crore (including GST) over a 20-year concession period. For the nine months ended December 31, 2025, the company reported revenue from operations of Rs 48,033.90 million. These moves demonstrate a strong commitment to shareholder returns alongside robust order book expansion.

IRB Infrastructure Developers has recommended a 1:1 bonus issue and declared a 3rd interim dividend of Re. 0.07 per share for FY26. The company also secured a major project management role for the TOT-18 project, valued at approximately Rs. 1,866.55 crore including GST over a 20-year period. For the quarter ended December 2025, the company reported service revenue of Rs. 14,898.80 million. Additionally, the board approved increasing the authorized share capital to Rs. 1,260 crore to facilitate the bonus issuance.

IRB Infrastructure has announced a 1:1 bonus issue and a 3rd interim dividend of Re 0.07 per share, with a record date of February 19, 2026. The company reported Q3 FY26 revenue from services at Rs 1,489.88 crore and a significant gain of Rs 341.68 crore from InvIT fair value measurements. Additionally, the board approved a major contract to act as project manager for the TOT-18 project, valued at approximately Rs 1,866.55 crore including GST. To facilitate the bonus issue, the authorized share capital is being increased from Rs 615 crore to Rs 1,260 crore.

IRB Infrastructure has announced a 1:1 bonus issue and a third interim dividend of ₹0.07 per share, rewarding shareholders through multiple corporate actions. The company reported Q3 FY26 consolidated revenue of ₹14,898.80 million and a significant gain on InvITs of ₹3,416.82 million. Furthermore, the board approved a major project management contract for the TOT-18 project worth approximately ₹1,581.83 crore over a 20-year period. To support the bonus issuance, the authorized share capital is being increased from ₹615 crore to ₹1,260 crore.

IRB Infrastructure Developers has recommended a 1:1 bonus issue and declared a 3rd interim dividend of ₹0.07 per share for FY26. The company also secured a significant project management contract for the TOT-18 Project, valued at approximately ₹1,866.55 crore including GST over a 20-year period. Financial results for Q3 FY26 show revenue from operations at ₹14,898.80 million, supported by fair value gains from InvITs. The board has also proposed doubling the authorized share capital to ₹1,260 crore to facilitate the bonus issuance.

IRB Infrastructure's board has recommended a 1:1 bonus issue and declared a third interim dividend of Re. 0.07 per share (7%) for FY26. The company also secured a significant project management contract for the TOT-18 project valued at approximately Rs. 1,866.55 crore (including GST) for a 20-year period. To facilitate the bonus issue, the authorized share capital is being increased from Rs. 615 crore to Rs. 1,260 crore. Additionally, the company reported its Q3 FY26 financial results and re-appointed Deepali V. Mhaiskar as Whole Time Director.

IRB Infrastructure Developers has announced a 1:1 bonus issue and a third interim dividend of Rs 0.07 per share for FY26. The company also secured a major project management contract for the TOT-18 project with an estimated value of Rs 1,866.55 crore (including GST) over a 20-year period. While quarterly revenue from services saw a year-on-year decline to Rs 1,489.88 crore, the company recorded a significant gain of Rs 341.68 crore from InvIT fair value measurements. To facilitate the bonus issue, the board has approved doubling the authorized share capital to Rs 1,260 crore.

IRB Infrastructure Developers reported a 15% year-on-year increase in aggregate toll revenue, reaching ₹750.3 crore in January 2026 compared to ₹650.2 crore in January 2025. The growth was driven by strong traffic across existing portfolios and the commencement of tolling on the TOT-17 project (Lucknow-Ayodhya-Gorakhpur) from January 23, 2026. Major contributors included the Mumbai-Pune Expressway at ₹162.7 crore and the Hyderabad Outer Ring Road at ₹77.8 crore. This consistent double-digit growth reflects robust economic activity and traffic momentum across its 23 operational projects.

IRB Infrastructure Developers has scheduled a board meeting on February 13, 2026, to deliberate on three significant corporate actions. The board will review the financial results for the quarter and nine months ended December 31, 2025, and consider declaring a 3rd interim dividend for FY 2025-26. Most notably, the company is evaluating a proposal for the issuance of bonus equity shares to its shareholders. If the dividend is approved, the company has already fixed February 19, 2026, as the record date for payment eligibility.

IRB Infrastructure Trust, an associate of IRB Infrastructure Developers, has officially signed the Concession Agreement with NHAI for the TOT-18 project. The project involves the Tolling, Operation, Maintenance, and Transfer of a 74.5 km stretch (Km 62+000 to Km 136+500) on the Chandikhole-Bhadrak section of NH-16 in Odisha. This formalization follows the initial project award announced in January 2026 and will be managed by the SPV, IRB Chandibhadra Tollway Private Limited. This addition strengthens the company's portfolio of toll-generating assets under the TOT model.

IRB Infrastructure Developers has successfully completed the transfer of its Gandeva Ena (VM7) HAM project to the IRB InvIT Fund. The company received a cash consideration of INR 513 crore for its equity stake, which will be utilized to pursue future growth opportunities. Crucially, this transaction will lead to a reduction in consolidated debt by approximately INR 700 crore. This move validates the company's capital recycling strategy of bidding for, executing, and then transferring stabilized assets to its InvIT platforms.

IRB Infrastructure Developers has executed the Project Implementation Agreement for the sale of its 100% stake in VM7 Expressway Private Limited to the IRB InvIT Fund. This move follows the share purchase agreement signed on December 1, 2025, as part of the company's capital recycling strategy. Upon the closing of the transaction, IRB will transition from the owner to the Project Manager for the VM7 Project. This allows the company to unlock equity value while maintaining operational involvement and earning management fees.

IRB Infrastructure Trust, an associate of IRB Infrastructure Developers, has officially commenced tolling on the TOT-17 project covering 366 kms in Uttar Pradesh as of January 23, 2026. The project SPV successfully achieved financial closure and paid an upfront concession fee of ₹9,270 crores to the National Highway Authority of India (NHAI). This project involves high-traffic corridors connecting Lucknow, Ayodhya, and Gorakhpur with a 20-year revenue-linked concession period. This operational milestone solidifies IRB's dominant 44% market share in India's awarded TOT space.

IRB Infrastructure Developers Limited has officially executed the Project Implementation Agreement (PIA) for the TOT-17 Project. The company will serve as the Project Manager for IRB Harihara Corridors Private Limited, which is a wholly owned SPV of the IRB Infrastructure Trust. This move follows the shareholder approval obtained during the Extraordinary General Meeting held on January 13, 2026. This agreement formalizes IRB's role in the project's execution, ensuring revenue visibility through management fees and project implementation.

IRB Infrastructure Developers Limited held an Extraordinary General Meeting on January 13, 2026, to seek shareholder approval for material related party transactions. The transactions pertain to the TOT-17 project, which includes the Lucknow-Ayodhya-Gorakhpur (NH-27) and Lucknow-Sultanpur (NH-731) corridors. The resolution was passed with an overwhelming majority, with 99.63% of the votes cast in favor. This approval facilitates the company's operational execution of these specific highway projects.

IRB Infrastructure Developers reported a 12% year-on-year increase in aggregate toll revenue for December 2025, reaching Rs 754 crore compared to Rs 675 crore in December 2024. This growth spans across the parent company and its two sponsored InvITs, driven by consistent traffic and healthy GDP expansion. The company highlighted significant revenue contributions from the Mumbai-Pune Expressway and the Ahmedabad-Vadodara project. Management expects further momentum as new TOT and BOT assets become operational in the coming months.

IRB Infrastructure Trust has received the Letter of Award for the TOT-18 project in Odisha from NHAI for an upfront fee of Rs 3,087 Crores. This marks the group's first entry into Odisha, expanding its presence to 13 states and increasing its total asset base to approximately Rs 94,000 Crores. The project involves a 20-year concession for a 74.5 km stretch of NH-16, part of the Golden Quadrilateral. Management expects this project, combined with TOT-17, to boost toll revenues by approximately Rs 1,000 Crores in FY27.