Brookfield India Real Estate Trust has submitted its sixth annual report for the financial year ended March 31, 2026, to BSE Limited and the National Stock Exchange of India Limited. The report was filed on June 25, 2026, by Saurabh Jain, Company Secretary & Compliance Officer of Brookprop Management Services Private Limited, the trust's manager. The sixth annual meeting of unitholders is scheduled for Monday, July 20, 2026, at 03:15 P.M. (IST) through video conferencing and other audio-visual means. This filing follows investor meetings held on June 19, 2026, where the trust discussed its business and financial updates for the quarter and year ended March 31, 2026.

FY2025-26 Performance Highlights

FY2025-26 marked the strongest year since listing for Brookfield India REIT, driven by record leasing activity, higher occupancy, and disciplined capital deployment. The trust also completed the acquisition of Ecoworld, a 7.7M sf Grade-A office campus in Bengaluru, expanding its operating portfolio to 32.5M sf and making Bengaluru its largest market by value. Gross office absorption across India rose to 83.1M sf in FY2025-26, with Global Capability Centers (GCCs) contributing approximately 50% of Brookfield India REIT's annual leasing.

The following table summarises key operational and financial metrics for the year:

The trust achieved an average re-leasing spread of 18% and same-store NOI growth of 10% YoY, reflecting strong embedded organic growth across the portfolio. Income from Operating Lease Rentals grew by 22.9% YoY to ₹21,466M from ₹17,463M in FY2024-25, while Net Operating Income grew by 23.6% YoY to ₹22,913M from ₹18,540M in FY2024-25. Distributions totalling ₹15,165M (₹21.40 per unit) were approximately 11% higher than FY2024-25.

Leasing and Portfolio Details

The trust achieved record gross leasing of 4M sf during FY2025-26, comprising 2,954,000 sf of new leasing and 1,095,000 sf of renewals. The average rent on new leasing stood at ₹101 per sf, while renewals were executed at ₹129 per sf.

The portfolio spans 10 Grade-A office and IT parks and one retail mall across Delhi, Mumbai, Bengaluru, Gurugram, Noida, Kolkata, and Ludhiana, with a WALE of 6.7 years. As of March 31, 2026, 97% of asset value is concentrated in completed, income-generating properties. Key marquee tenants include Tata Consultancy Services, Accenture, Bharti Airtel, Capgemini, and Morgan Stanley, with Fortune 500 companies accounting for 32% of gross contracted rentals and MNCs accounting for 76%. The top 10 tenants contribute 30% of gross contracted rentals. Of the gross contracted rentals, 28% is attributable to technology companies, 22% to financial services companies, 13% to consulting companies, and 37% to others.

The following table presents the committed occupancy and WALE for each asset as of March 31, 2026:

Acquisition and Capital Raise

The defining strategic transaction of FY2025-26 was the acquisition of Ecoworld, Bengaluru, completed in Q3 FY2026. The 7.7M sf Grade-A campus on Bengaluru's Outer Ring Road was acquired at a price of ₹131,250M (subject to adjustments), with an upfront consideration of ₹60,000M and a deferred consideration of ₹11,250M payable by May 2027. The acquisition increased the REIT's total footprint to over 33M sf of Grade-A assets. Since its IPO, the trust has more than tripled its operating area from 10.3M sf (as of September 30, 2020) to 32.5M sf (as of March 31, 2026), and its consolidated GAV has grown by over five times from ₹115B to ₹565B.

During the year, the trust raised over ₹45B of equity through Qualified Institutional Placements and preferential issues, and issued ₹20B of Sustainability-Linked Bonds (SLBs) — the largest such issuance by an Indian REIT — anchored by the International Finance Corporation (IFC). A post-period QIP of ₹26,000M was also completed in April 2026.

Capital Structure and Balance Sheet

The trust maintained a dual AAA rating (ICRA AAA Stable and CRISIL AAA/Stable) and an average interest rate of 7.3%, with 63% of loans linked to the repo rate. The average debt maturity stood at 10 years. Cash and cash equivalents as of March 31, 2026, stood at ₹6,742.18M. Net cash generated from operating activities was ₹22,854.24M for the year. The average interest rate reduced by 0.9% YoY, reflecting improved capital efficiency. Total outstanding borrowings, including interest accrued, stood at ₹164,327.82M as of March 31, 2026. Finance costs for FY2025-26 were ₹9,747.81M as against ₹10,781.77M in FY2024-25.

ESG and Sustainability Highlights

Brookfield India REIT retained its 5-Star GRESB rating for the fourth consecutive year and achieved WELL Equity ratings across 100% of its portfolio — the first real estate organisation in India to do so. The trust sourced 43% of its total electricity from renewables, targeting 100% by 2027, and maintained a Net Zero commitment by 2040 or sooner. The ₹20B SLB issuance was structured with performance milestones tied to water recycling rates and renewable energy targets.

The trust also received the Golden Peacock Award for Business Excellence and achieved EDGE Advanced Certifications from IFC for Worldmark Delhi, Worldmark Gurugram, and Airtel Center. Additionally, 8,000+ individuals benefited from social impact initiatives during the year.

Annual Meeting and Governance

The sixth annual meeting of unitholders will be held on July 20, 2026, at 03:15 P.M. (IST) via video conferencing. Unitholders on the cut-off date of July 13, 2026, will be eligible to vote. The meeting will consider adoption of audited financial statements for FY2025-26, the valuation report by Ms. L. Anuradha, and the appointment of Valsight Advisors Private Limited as the new registered valuer for FY2026-27. The Board of the Manager comprises 50% independent directors. Post the close of FY2025-26, Shashank Jain was appointed as CEO and Managing Director with effect from July 1, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0FDU25010/5b302a9a6d294d92.pdf

Brookfield India Real Estate Trust has appointed Ms. Ananya Tripathi as a Non-Executive Non-Independent Director on the board of its manager, Brookprop Management Services Private Limited, effective June 25, 2026. The appointment is subject to shareholder approval at the ensuing annual general meeting. Ms. Tripathi is a Managing Director in Brookfield's Real Estate Group, focusing on investment management and operations across the APAC region. She previously served as CEO of WhiteHat Jr. and Director at KKR Capstone India.

The Board accepted the resignation of Mr. Thomas Jan Sucharda, a Non-Executive Non-Independent director, effective June 25, 2026, following his retirement from the Brookfield group. Additionally, Mr. Amit Jain resigned from the positions of Chief Financial Officer and Key Managerial Personnel of the manager and Key Personnel of the Trust, effective close of business hours on July 10, 2026.

To ensure continuity in financial operations, the Board appointed Mr. Saket Mehta as the interim Head of Finance effective July 11, 2026. Mr. Mehta brings over 22 years of experience in finance, operations, tax, and regulatory frameworks, having held leadership roles at Credit Suisse RBS, Barclays, and GE Capital. He is a Chartered Accountant and holds a Bachelor's degree in Commerce from Delhi University.

In a separate regulatory development, the Trust appointed Valsight Advisors Private Limited as its registered independent valuer for the financial year 2026-27. The appointment, valid for an initial period of one year, aligns with Regulation 21 of the REIT Regulations. Valsight Advisors, registered with the Insolvency and Bankruptcy Board of India (IBBI), will undertake the valuation of assets owned and to be acquired by the Trust.

Key Appointments and Resignations