IRB Infrastructure Developers : Infra Board approves Stock Split of Equity Shares

Press Release:

IRB Infra Board approves Stock Split of Equity Shares

• Equity share of Rs.10 face value to be split into 10 equity shares of Re.1 each
• Stock split to be effective post regulatory approvals
• As we approach the auspicious occasion of completing 25 years of incorporation and completion of 15 years as a listed company on Indian bourses, the board has decided to effect this stock split

Mumbai, January 4, 2023: The Board of Directors of India's first integrated multi-national highway infrastructure developer, IRB Infrastructure Developers Limited, today approved the split/sub- division of existing share with face value of Rs.10/- per share in 10 shares with face value of Re.1 per share, in a Board Meeting held online today.

While commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, "As we approach the auspicious occasion of completing 25 years of incorporation and completion of 15 years as a listed company on Indian bourses, the board has decided to effect this stock split. As a responsible corporate, the company has progressed over these 25 years in a meaningful manner, creating toll road assets in excess of INR 60,000Crs across the group, and in the process creating significant shareholder wealth. With the mindset of further rewarding and accommodating small shareholders in the value accretive journey of the company, we thought it necessary to effect the above stock split to have a sizeable participation from this segment of investors in the company's unfolding growth journey."

The Company will now initiate for shareholders' approval and regulatory nods to bring the share split into effect for trading on stock exchanges.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India's first Multinational Infrastructure player in Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs.60,000 Crs. in 10 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating and maintaining around 15,500 lane Kms pan India and has an ability to construct over 500 Kms in a year.

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

After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group's project portfolio (including Private and Public InvIT) has 22 road projects that include 17 BOT, 1 TOT and 4 HAM projects.

For further details, please contact:

• Vivek Devasthali, Head - Corporate Communications, 99300 80099, [e-mail]

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