OF INTELLIGENT SUPPLY CHAIN INFRASTRUCTURE TRUST FOR THE YEAR ENDED MARCH 31, 2024
Intelligent Supply Chain Infrastructure Trust (the "Trust"/
"ISCIT"/ "InvIT") was established by Reliance Retail Ventures Limited
(the "RRVL"/ "Sponsor") on August 17, 2022, as a contributory
irrevocable trust under the provisions of the Indian Trusts Act, 1882 pursuant to an
‘Indenture of Trust' executed between the Sponsor and Axis Trustee Services Limited
as the "Trustee" of the Trust. Infinite India Investment Management Limited (the
"IIIML") is the investment manager of the Trust and Jio Infrastructure
Management Services Limited is the Project Manager. The Trust was registered as an
infrastructure investment trust under the Securities and Exchange Board of India
(Infrastructure Investment Trusts) Regulations, 2014 (the "SEBI InvIT
Regulations") on February 27, 2023, having registration number IN/InvIT/22-23/0024.
The Indenture of Trust was amended vide amendment to Indenture of Trust dated February 23,
2024, pursuant to the SEBI circular no. SEBI/HO/DDHS-PoD- 2/P/CIR/2023/153 dated September
11, 2023.
The Trust has been established with the objective of undertaking activity as an
Infrastructure Investment Trust in accordance with the SEBI InvIT Regulations. The Trust
holds 100% of the equity share capital in Intelligent Supply Chain Infrastructure
Management Private Limited ("ISCIMPL"/ "Warehouse Co") which operates
a pan-India network of operational warehouses of approximately 12.89 million square feet
as of March 31, 2024.
The Trust undertook an initial offer of its units (the "Units") vide
placement memorandum dated October 25, 2023, and raised ? 3,048 crore by the issue of
30,48,00,000 Units at an issue price of ? 100 per Unit. The units of the Trust are listed
on BSE Limited since October 26, 2023.