Mindspace Business Parks REIT's Executive Committee is scheduled to meet on July 9, 2026, to consider and approve raising funds through the issuance of non-convertible debt securities and commercial papers. The meeting will be conducted by K Raheja Corp Investment Managers Private Limited, acting as the manager to Mindspace Business Parks REIT .

The proposed fund raising may include non-convertible debt securities and commercial papers, or any other form permitted under applicable laws. The disclosure was made in compliance with Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

Key Meeting Details

Mindspace Business Parks REIT has released its Environment, Social and Governance (ESG) report for the financial year 2025-26, detailing significant progress in its decarbonization strategy and sustainability performance. The organization achieved a 33.4% reduction in operational Scope 1 and Scope 2 emissions compared to the FY 2019-20 base year, alongside a 20.9% reduction in energy intensity. This performance was driven by a strategic increase in renewable energy adoption, which accounted for 50.4% of the total energy consumption during the reporting period.

Environmental Performance

The REIT’s environmental stewardship initiatives included the treatment and reuse of 15,89,333 KL of wastewater, which constituted 48.5% of total water consumption. The organization maintained a Zero Liquid Discharge approach across its assets and achieved 100% diversion of operational waste away from landfills. Mindspace REIT also reported that 99.9% of its operational portfolio is covered under green building standards, with all newly acquired assets registered for certification. The organization submitted its emission reduction targets for validation to the Science Based Targets initiative (SBTi) in line with the Buildings Sector Standard.

Financial and Operational Metrics

Financially, the REIT reported a turnover of INR 32,342 Mn and a Net Operating Income of INR 26,636 Mn for the period. The weighted average cost of debt stood at 7.41% per annum per month. The organization successfully raised INR 1,200 Cr through sustainable finance instruments, including Sustainability-Linked Bonds, to support its green initiatives. The portfolio achieved an average rent of INR 103 per square foot on gross leasing, with a gross leasing volume of 7.1 msf.

Social and Governance Highlights

On the social front, the report noted that women comprised 23% of senior management roles and 22% of new hires. The average training hours per employee reached 17 hours, with the organization spending INR 31,74,327 on training and development. Governance metrics showed that 60% of the Board consisted of Independent Directors, and 10% of the Board were female directors. The organization maintained zero data breaches during the reporting year and conducted its fourth consecutive year of Human Rights Due Diligence.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0CCU25019/626475ccb92f4149.pdf