IRB Infrastructure Developers : Infra receives a thumping vote in favour of its Capital Raise Resolution

Press Release:

IRB Infra receives a thumping vote in favour of its Capital Raise

Resolution

Company can issue Shares to Cintra Global S.E. (Wholly owned Subsidiary of Ferrovial S. A. and Bricklayers Investment Pte. Ltd.

(Affiliate of GIC Singapore wealth fund)

All large Institutional Shareholders of the Company voted in favour of

Resolution

• Company convened an Extra Ordinary General Meeting of its Shareholders, online on 20th November 2021
• 95% Shareholders voted in favour of the Resolution
• The resolution will enable capital inflow of Rs.5,347 Crores into the Company

Mumbai, November 20, 2021: The IRB Infrastructure Developers Ltd.'s Shareholders have passed the Resolution of capital raise by thumping majority in an Extra-Ordinary General Meeting held online today

This will now enable the Company to issue shares to the tune of INR 5,347 Crores to the Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A) and the Bricklayers Investments Pt. Ltd. (an affiliate of GIC, Singapore Sovereign wealth fund)

Overall 95% of the votes casted have been in favour of the Resolution. All the large Institutional Shareholders of the Company voted in favour of the Resolution.

While commenting on the development Mr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, "The approval of Resolution by our

Esteemed Shareholders with thumping majority will now enable us to move ahead for deal closure subject to the Regulatory approvals and timelines. Once again, our Stakeholders have strongly demonstrated their high trust and confidence in the Company and Management. With a humble gesture, we express our sincere gratitude towards all our stakeholders for extending wholehearted support to us." He further added,

"We would endeavour and leave no stone unturned to excel ourselves to maintain and enhance Stakeholders interests throughout."

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To re-iterate, IRB Infra had announced the largest equity fund raise of INR 5,347 Crores by Indian Road Developer through a preferential allotment of equity shares to Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A) and the Bricklayers Investments Pt. Ltd. (an affiliate of GIC, Singapore Sovereign wealth fund); where, Cintra Global S.E. would invest equity capital of INR 3,180 Crores to represent 24.9% stake and Bricklayers Investments Pte. Ltd. would invest equity capital of INR 2,167 Crores to represent 16.9% stake in Company, post their respective allotments.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is the largest private roads and highways infrastructure developer in India, with an asset base of over Rs. 55,000 Crs. across the parent company and two InvITs.

The Company has strong track record of constructing over 13,095 lane Kms pan India in 2 decades and has an ability to construct over 500 Kms in a year.

It has approx. 20% share in India's prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India.

IRB Group's portfolio (including Private and Public InvIT) comprises 24 projects in all, including 23 highway projects that further include 18 BOT projects, 1 TOT projects and 4 HAM projects and 1 Airport project in Sindhudurg District of Maharashtra.

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