Anantam Highways Trust Company Summary

Anantam Highways Trust is an Indian infrastructure investment trust which proposes to invest in road infrastructure assets. The Trust is sponsored by Alpha Alternatives Fund Advisors LLP (Sponsor). The Sponsor established the Trust on July 24, 2024 and got registered with SEBI on August 19, 2024 as an InvIT in accordance with the SEBI InvIT Regulations.

It was conceived as a focused, annuity-oriented infrastructure investment platform, and a disciplined owner of HAM road assets.The Sponsor is a multi-asset class multi-strategy asset management entity that creates investment solutions across various asset-classes, including but not limited to, infrastructure, credit, real estate, equities, commodities, and fixed income securities. The Trusts unitholder base comprises sponsor group entities, corporates, and institutional investors. As of March 31, 2026, the sponsor and sponsor group together held approximately 37.54% of total units.The Sponsor is a subsidiary of Alpha Alternatives Holdings Private Limited.

Further, Alpha Alternatives Fund-Infra Advisors Private Limited serves as the Investment Manager and Arsenio Strategies Private Limited is appointed as Project Manager to the Trust. The initial portfolio of assets include the following nine Projects, which comprises national highways that are located in the states of Karnataka, Telangana, Gujarat, Bihar, Tamil Nadu and one union territory of Puducherry, acquired by way of 100% shareholding in eight Project SPVs and 49% shareholding in one Project SPV. These projects comprise of The Dhrol Bhadra Highways Limited (DBHL), The Dodaballapur Hoskote Highways Limited (DHHL), The Repallewada Highways Limited (RHL), The Viluppuram Highways Limited (VHL), The Narenpur Purnea Highways Limited (NPHL), The Bangalore Malur Highways Limited (BMHL), The Poondiyankuppam Highways Limited (PHL), The DPJ Pollachi HAM Project Private Limited (DPHPPL) and The Malur Bangarpet Highways Limited (MBHL).

In a HAM project, the concessioning authority shares a portion of the total project cost during the construction phase. The concessioning authority for all the Projects is NHAI.The Trust has issued 40,000,000 Units by raising Rs 400 Cr of Rs 100 per Unit in October, 2025 through its Initial Public Offering.The initial portfolio consists of seven highway projects that were completed by the Sponsor, Dilip Buildcon, have got transferred to the Trust in October 2025.The Trust commenced operations with a portfolio of seven fully operational road assets, with approximately ~1,068.6 lane kilometres across five states and one Union Territory during FY26.