Mindspace Business Parks REIT has filed its Annual Report for the financial year 2025-26 along with the Notice of its 6th Annual Meeting of Unitholders with BSE Limited and the National Stock Exchange of India Limited. The submission was made by K Raheja Corp Investment Managers Private Limited, acting as the Manager to the REIT, in compliance with SEBI (Real Estate Investment Trusts) Regulations, 2014 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sixth Annual Meeting Details

The 6th Annual Meeting of Unitholders is scheduled to be held on Friday, July 24, 2026 at 3.30 P.M. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue of the meeting is the principal place of business of Mindspace REIT at Raheja Tower, Plot No. C-30, Block 'G', Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India.

Agenda for the Annual Meeting

The following ordinary businesses are proposed for consideration and approval at the 6th Annual Meeting:

• Item 1: Adoption of audited standalone and consolidated financial statements of Mindspace REIT for the financial year ended March 31, 2026, together with the reports of the Statutory Auditors and the report on performance of Mindspace REIT.
• Item 2: Adoption of the Valuation Report issued by M/s KZEN Valtech Private Limited for the valuation of the portfolio of Mindspace REIT as at March 31, 2026.
• Item 3: Appointment of Mr. Vijay Arvindkumar C (IBBI Registration No. IBBI/RV/02/2022/14584) as Valuer of Mindspace REIT for a period of 2 (two) years commencing from FY 2026-27, extendable for a further period of up to 2 (two) years at the option of the Board. This appointment follows the completion of the maximum permissible four-year tenure of KZEN Valtech Private Limited as Valuer.
• Item 4: Appointment of M/s B S R & Co. LLP, Chartered Accountants (Firm Registration Number: 101248W/W-100022) as Statutory Auditors of Mindspace REIT for 5 consecutive years to conduct the statutory audit from FY 2027-28 till FY 2031-32, at a remuneration of up to ₹ 1 crore per annum (excluding applicable taxes and out of pocket expenses), with an additional fee of up to ₹ 10 Lakhs for each additional Asset Special Purpose Vehicle acquired or incorporated from time to time.

Key Financial Highlights for FY 2025-26

The Annual Report presents the following key financial and operational metrics:

NOI for FY 2025-26 stood at ₹ 26,636 Mn, registering a growth of 29.2% year-on-year, while Revenue from Operations grew 26.2% year-on-year to ₹ 32,342 Mn. Total distributions for FY 2025-26 amounted to ₹ 15,164 Mn, with a distribution per unit of ₹ 24.09, reflecting a growth of 9.7% year-on-year. The REIT maintained a conservative Net Debt to Value ratio of approximately 24.3% as of March 31, 2026.

Portfolio and Operational Performance

Gross leasing during FY 2025-26 stood at 7.1 MSF, with re-leasing spreads of 31.8% on 4.2 MSF. The total leasable area of the portfolio stands at 39.3 MSF, with a total completed area of 32 MSF. The Gross Asset Value of the portfolio as of March 31, 2026 is ₹ 476,349.7 Mn. The REIT's unitholder base expanded from 7,901 at listing to 1,00,374 as of March 31, 2026.

During FY 2025-26, the REIT acquired approximately 6.8 MSF of premium workspace, including assets in Mumbai's CBD (Ascent-Worli and The Square Avenue 98 at BKC Annex), Hyderabad's Financial District (The Square 110 Financial District), and Pune (a high-quality IT building and additional units in Commerzone Yerawada). The development pipeline stands at approximately 7.3 MSF, of which 5.4 MSF is currently under construction.

Sustainability and ESG Highlights

The Annual Report includes the Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. Key ESG highlights include:

• Portfolio covered under Green Building Certification: 99.9%
• Renewable Energy Share in FY26: 50.4%
• Recycled Water Share in FY26: 48.5%
• Capital raised through Sustainability Linked Bonds (SLBs): ₹ 12 Bn
• CSR Spend for FY26: ₹ 196.81 Mn
• Named 'Global Listed Sector Leader – Office Development Benchmark' by GRESB for the second consecutive year
• Received a 5-star rating by GRESB for the 3rd consecutive year

Availability of Annual Report and Voting Information

The Annual Report (including BRSR) and the Notice of the 6th Annual Meeting are available on Mindspace REIT's website. Unitholders can submit questions in advance by email to reitcompliance@mindspacereit.com before 5:00 P.M. (IST) on Thursday, July 23, 2026. Speaker registration for the Annual Meeting is open from 9:00 A.M. (IST) on Monday, July 20, 2026 to 5:00 P.M. (IST) on Thursday, July 23, 2026. The Scrutiniser for the remote e-voting process is Mr. Rupesh Aggarwal (Membership No. A16302; CP No. 5673), Managing Partner, Chandrasekaran Associates.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0CCU25019/c1d38c61b90b4730.pdf

The Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT , has approved the appointment of statutory auditors, a valuer, and a property consultant. These appointments are subject to the approval of Unitholders of Mindspace REIT. The decisions were taken during a board meeting held on June 29, 2026, pursuant to the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 and other applicable laws.

Statutory Auditor Appointment

The Board approved the appointment of B S R & Co. LLP, Chartered Accountants, as the Statutory Auditors of Mindspace REIT. The firm, bearing Firm Registration number 101248W/W-100022, will conduct the statutory audit for a period of five consecutive financial years. This term commences from the financial year 2027-28 and continues until the conclusion of the annual meeting of Unitholders to be held for the financial year ending March 31, 2032.

Valuer and Property Consultant Appointments

The Manager has appointed Mr. Vijay Aravindkumar C as the registered valuer for the asset class 'Land and Building'. His IBBI Registration Number is IBBI/RV/02/2022/14584. The appointment is for a period of two financial years, covering the issuance of reports for the financial year 2026-27 and 2027-28, including half-yearly reports. This term is extendable for a further two financial years at the option of the Board.

Additionally, CBRE South Asia Private Limited has been appointed as an independent property consultant. The firm will review the assumptions and methodologies used by the Valuer for the valuation of Mindspace REIT and its portfolio. This appointment is also for a period of two financial years for the reports of 2026-27 and 2027-28, with an option to extend by another two years.

The following table summarizes the key appointments approved by the Board: