Mindspace Business Parks REIT has filed its earnings presentation and comprehensive valuation reports for the quarter and financial year ended March 31, 2026, with stock exchanges pursuant to SEBI REIT regulations. The REIT also submitted detailed financial results, security cover certificates, and compliance status reports for its Non-Convertible Debenture series on April 29, 2026.

Financial Performance Summary

The consolidated financial results for Q4 FY26 demonstrate strong operational performance:

For the full year FY26, the REIT reported total income of Rs. 32,930.87 million and profit attributable to unit holders of Rs. 6,518.58 million.

Portfolio Valuation and Assets

The comprehensive valuation report covers the REIT's entire portfolio across four key office markets with a total leasable area of 39.10 million sq ft. The portfolio valuation reflects strong market fundamentals with Gross Asset Value of Rs. 476 billion as of March 31, 2026, and Net Asset Value of Rs. 527 per unit, up 9% from September 2025. Portfolio committed occupancy stood at 95.7%, up 1.2% quarter-on-quarter.

Debt Securities Compliance

The REIT filed security cover certificates and compliance status reports for multiple NCD series (NCD 4 through NCD 17) with various debenture trustees including Catalyst Trusteeship Limited, IDBI Trusteeship Services Limited, and IDBI Trusteeship Limited. Deloitte Haskins & Sells LLP, the statutory auditors, provided limited assurance certification confirming that all financial covenants have been complied with for the year ended March 31, 2026.

Key financial covenant metrics include:

The security cover ratios for various NCD series ranged from 1.55 to 3.29, all within required limits. For NCD 17, the REIT raised Rs. 560 crore through private placement on March 5, 2026, with full utilization reported and no material deviation from the stated objects of the issue.

Regulatory Filings

All documents have been filed in compliance with SEBI (Real Estate Investment Trusts) Regulations, 2014, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, International Valuation Standards 2025, and RICS Valuation Standards and Guidelines 2025. The comprehensive documentation provides investors with detailed insights into the REIT's portfolio performance, valuation methodology, debt compliance status, and market positioning across India's key office markets.

Source: None/Company/INE0CCU25019/537fa75481be4cf7.pdf

Mindspace Business Parks REIT has successfully concluded its Executive Committee meeting with the approval of a substantial debt fundraising initiative worth up to ₹15,700 crore. The meeting, held on April 29, 2026, resulted in formal authorization for raising funds through multiple debt instruments as outlined in the official communication to stock exchanges.

Meeting Outcome and Approval Details

The Executive Committee of K Raheja Corp Investment Managers Private Limited, acting as manager to Mindspace Business Parks REIT, has approved raising funds through the issuance of non-convertible debt securities and commercial papers. The comprehensive fundraising framework allows for flexible implementation across multiple tranches and series.

Debt Structure and Borrowing Limits

The approved fundraising maintains strict adherence to regulatory borrowing limits while providing operational flexibility. The committee has established clear parameters for debt management and asset value protection.

Approved Fundraising Instruments

The committee has authorized multiple debt financing options to optimize capital structure and market conditions. The diversified approach provides strategic flexibility in fund deployment.

• Non-convertible debt securities
• Commercial papers
• Other permitted forms under applicable laws
• Structured implementation across multiple phases

Exchange Listing and Scrip Details

The official outcome intimation covers an extensive range of securities across both major stock exchanges, reflecting the REIT's comprehensive debt portfolio.

Regulatory Compliance Framework

The outcome notification was filed under Regulation 51(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation requires listed entities to disclose outcomes of board meetings involving material decisions. The formal communication was executed by Mridul Gupta, Company Secretary and Compliance Officer, ensuring comprehensive regulatory adherence and timely market disclosure.