# SEBI eases InvIT rules for debt-funded road maintenance costs 2026-08-14T17:49:40+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet SEBI has revised net distributable cash flow (NDCF) rules for infrastructure investment trusts (InvITs), allowing debt-funded major maintenance costs for road projects to be added back when calculating cash available for distribution. The change, effective from Friday, follows industry requests and a recommendation from SEBI's Hybrid Securities Advisory Committee. Safeguards include unitholder approval with at least 60 percent votes in favour, mandatory disclosure of project-wise expenses and their impact on future growth, and statutory auditor certification that the expenses comply with concession agreements. SEBI has also mandated separate disclosures for borrowing used for major maintenance, including debt levels and maturity profiles. ## Coverage - thehindubusinessline.com Tags: Hybrid Securities Advisory Committee (HySAC), InvIT, road projects, SEBI Canonical: https://indianopinion.org/sebi-eases-invit-rules-for-debt-funded-road-maintenance-costs/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sebi-eases-invit-rules-for-debt-funded-road-maintenance-costs/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.