Bricklayers investment releases encumbered IRB Infrastructure shares

Bricklayers Investment Pte. Ltd. has released 410,652,000 equity shares of IRB Infrastructure Developers Limited, representing 6.8% of the total share capital, from an existing non-disposal undertaking. This action follows a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated December 23, 2025.

The release stems from the waiver of a non-disposal undertaking pursuant to a letter agreement dated December 24, 2025, which amended the share subscription agreement among IRB, Bricklayers Investment Pte. Ltd., Mr. Virendra D. Mhaiskar, IRB Holding Private Limited, and other promoter group members. Following this release, the total encumbered shares held by the promoter, IRB Holding Private Limited, in Bricklayers Investment Pte. Ltd. decreased to 603,900,000 shares, now representing 10.00% of the total share capital.

Before the disposal, Bricklayers Investment and GIC (acting on behalf of GoS and MAS) held 1,155,840,206 equity shares, representing 19.14% of the voting capital, with an additional 6.8% under encumbrance. After the release, the total holding remains at 19.14% of equity shares carrying voting rights, with no shares remaining under encumbrance by Bricklayers Investment.