PropShare Titania , the second scheme of Property Share Investment Trust, has announced a board meeting scheduled for April 17, 2026, to review and approve key financial matters for the quarter and year ended March 31, 2026. The announcement was communicated to BSE Limited on April 12, 2026, through the Investment Manager, PropShare Investment Manager Private Limited.

Meeting Agenda and Key Items

The board meeting will address several critical financial matters that require approval from the directors. The comprehensive agenda demonstrates the trust's commitment to regulatory compliance and transparent financial reporting.

Financial Results and Statements Review

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

The meeting will also focus on approving audited standalone and consolidated financial statements for the year ended March 31, 2026. These annual statements will offer a complete picture of the trust's financial position and performance throughout FY26.

Distribution Declaration

A significant item on the agenda involves the declaration of distributions to unitholders of PropShare Titania for the quarter ended March 31, 2026. This decision will directly impact investors and reflects the trust's approach to sharing returns with its unitholders.

Regulatory Framework

The announcement was made in compliance with regulatory requirements, specifically under Regulation 29. Prashant Kataria, serving as Compliance Officer, signed the formal communication on April 12, 2026, ensuring proper adherence to disclosure norms and maintaining transparency with market participants and regulatory authorities.

PropShare Titania , second scheme of Property Share Investment Trust, announced its unaudited financial results for the quarter ended December 31, 2025, alongside declaring a significant distribution to unitholders. The board of directors of PropShare Investment Manager Private Limited approved the quarterly results and distribution on January 16, 2026.

Financial Performance Highlights

The REIT demonstrated robust operational performance during Q3 FY26, with consolidated operations showing strong revenue generation and profitability.

The consolidated revenue from operations reached ₹112.66 million, marking a significant 52.08% increase from the preceding quarter's ₹74.10 million. The REIT achieved a remarkable turnaround in consolidated net profit, reporting ₹70.76 million compared to a loss of ₹5.65 million in the previous quarter.

Distribution Declaration and Composition

The board declared a substantial distribution to unitholders, reinforcing the REIT's commitment to delivering consistent returns to investors.

The distribution of ₹24,046.03 per unit represents a 58.63% increase from the previous quarter's ₹15,159.46 per unit. The total distribution amount of ₹107.29 million comprises ₹12,530.16 per unit in interest payments and ₹11,515.87 per unit in debt repayment.

Net Distributable Cash Flow Performance

The REIT's Net Distributable Cash Flow (NDCF) calculations demonstrate strong cash generation capabilities at both scheme and SPV levels.

The scheme-level NDCF increased to ₹106.53 million from ₹63.47 million in the preceding quarter, while year-to-date NDCF reached ₹170.00 million.

Corporate Governance and Regulatory Compliance

PropShare Titania maintains strong governance standards with a well-structured board composition and active committee oversight. The investment manager operates with a six-member board including three independent directors, ensuring adequate independent oversight as required under SEBI regulations.

Board Meeting Activity:

The Audit Committee, chaired by Mr. Jagdish Chandra Sharma, conducted two meetings during the quarter on October 17, 2025, and December 22, 2025, with full attendance and proper quorum.

Regulatory Matters and Auditor's Review

The financial results received a limited review from ASA and Associates LLP, with an emphasis of matter noting the ongoing SEBI show cause notice issued to Axis Trustee Services Limited regarding alleged lapses in oversight. The auditors confirmed that the financial information complies with Ind AS 34 and SEBI REIT regulations.

The REIT continues to operate with a single commercial office space segment, with units listed on BSE Limited since August 4, 2025, following a successful IPO that raised ₹4,729.72 million through the issuance of 4,462 units at ₹1,060,000 per unit.