Property share investment Trust's first scheme, PropShare Platina, has announced a board meeting scheduled for April 17, 2026, to review crucial financial matters for the quarter and year ended March 31, 2026. The meeting will be conducted by the Board of Directors of PropShare Investment Manager Private Limited, which serves as the Investment Manager for the trust.

Meeting Agenda and Key Items

The board meeting will address several critical financial and operational matters for PropShare Platina. The comprehensive agenda demonstrates the trust's commitment to transparency and regulatory compliance.

Financial Results Review

The board will consider and approve the audited standalone and consolidated financial results for both the quarter and full year ended March 31, 2026. This comprehensive review will provide unitholders with detailed insights into the trust's financial performance across different operational segments.

The meeting will also focus on approving the audited standalone and consolidated financial statements for the year ended March 31, 2026, ensuring complete financial transparency and regulatory compliance.

Distribution Declaration

A significant item on the agenda involves the declaration of distributions to PropShare Platina unitholders for the quarter ended March 31, 2026. This distribution declaration represents an important aspect of the trust's commitment to providing returns to its investors.

Regulatory Compliance

The board meeting notification was filed under Regulation 29, demonstrating PropShare Platina's adherence to regulatory requirements. Prashant Kataria, serving as Compliance Officer, signed the official communication on April 12, 2026, ensuring proper regulatory disclosure procedures were followed.

The formal notification was addressed to BSE Limited's Corporate Relations Department, maintaining transparency with stock exchange authorities and ensuring all stakeholders remain informed about the trust's financial developments.

Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT), has submitted draft IPO documents for its third scheme, PropShare Celestia, marking another milestone in the evolving SM REIT landscape. The public offering represents a significant opportunity for investors to access premium real estate assets through a structured investment vehicle.

IPO Structure and Financial Details

The PropShare Celestia scheme carries an issue size of ₹244.65 crore, consisting entirely of new units with no existing units being offered for sale. This structure ensures that all proceeds will be directed toward the underlying asset and operational requirements.

Asset Profile and Tenant Composition

Project Celestia, the underlying asset, spans a super built-up area of 2,07,838 square feet and maintains full occupancy across its tenant base. The property houses four main tenants that provide diversified revenue streams and operational stability.

The tenant mix includes:

• Smartworks Coworking Spaces - Managed-office operator
• EFC Ltd - Managed-office operator
• Paragraph Khajanchi Business Centre LLP - Managed-office operator
• Swedish telecommunications multinational - Corporate tenant

This tenant composition ensures complete occupancy while providing exposure to both the growing managed-office segment and established corporate operations.

Market Positioning and Investment Appeal

PropShare Celestia offers investors access to Ahmedabad's expanding commercial real estate market through a Grade A+ asset. The projected yield of 8.40% for FY27 positions the scheme competitively within the real estate investment landscape, providing investors with a cost-effective entry point into premium asset ownership.

Hashim Khan, co-founder of Property Share, emphasized the transformational nature of the offering, stating the company's pride in embarking on this development with PropShare Celestia. The SM REIT structure represents an innovative approach to real estate ownership and trading, democratizing access to institutional-quality assets.

IPO Management and Listing Details

Ambit has been appointed as the sole lead manager for the IPO, bringing expertise in capital markets and real estate investment trusts to ensure smooth execution. KFin Technologies will serve as the registrar for the offering, handling unit allocation and investor servicing requirements.

The units are planned for listing on the BSE, providing investors with liquidity and trading accessibility once the scheme becomes operational. This listing will enable investors to buy and sell units based on market conditions and investment objectives.

The PropShare Celestia scheme represents the continued evolution of SM REITs in India's real estate investment ecosystem, offering structured access to commercial properties while maintaining professional management and regulatory oversight.