Brookfield India Real Estate Trust (Brookfield India REIT) held its 7th Extraordinary Meeting on August 26, 2025, seeking unitholder approval for a significant preferential issue aimed at fueling its growth strategy, particularly in South India markets.

Preferential Issue Details

The REIT is looking to raise INR 1,000.00 crores through a preferential issue of up to 32,258,065 units at INR 310.00 per unit. This move comes on the heels of a INR 3,500.00 crore Qualified Institutional Placement (QIP) completed in Q3 FY2025, potentially providing the REIT with a substantial war chest of approximately INR 4,500.00-5,000.00 crores for future growth opportunities.

Strategic Rationale

CEO Alok Aggarwal explained the strategic importance of this capital raise during the meeting. He emphasized that the proceeds would enhance the REIT's ability to pursue growth opportunities, with a particular focus on potential acquisitions in South India markets. Notably, Brookfield India REIT has access to over 15 million sq. ft. of office assets through its sponsor group in Southern India, indicating significant expansion potential in the region.

Diversification of Investor Base

The preferential issue is not just about raising capital; it's also aimed at diversifying the REIT's unitholder base. The issue targets family offices, high-net-worth individuals, and corporate treasuries, potentially broadening the investor profile of Brookfield India REIT.

Meeting Attendance and Proceedings

The extraordinary meeting, conducted via video conferencing, saw the participation of 12 unitholders representing 16,07,84,060 units, which accounts for 26.45% of the total units. The meeting commenced at 3:00 PM IST and concluded at 3:30 PM IST, including time allocated for e-voting.

Key attendees included:

• Mr. Ankur Gupta: Chairman of the 7th Extraordinary Meeting and Board
• Mr. Alok Aggarwal: Chief Executive Officer & Managing Director
• Mr. Amit Jain: Chief Financial Officer
• Mr. Saurabh Jain: Company Secretary & Compliance Officer

Voting Process

Unitholders were provided with remote e-voting facilities from August 23 to August 25, 2025. Additionally, those present at the meeting who hadn't cast their votes earlier were given an opportunity to vote electronically for 15 minutes following the meeting's conclusion.

Next Steps

The results of the voting, along with the Scrutinizer's Report, are expected to be announced within two working days of the meeting's conclusion. These results will be communicated to the stock exchanges and made available on Brookfield India REIT's website.

This proposed preferential issue, if approved, could significantly bolster Brookfield India REIT's financial position, enabling it to capitalize on growth opportunities in the dynamic Indian real estate market, particularly in the southern region.

Brookfield India Real Estate Trust (Brookfield India REIT) has issued a corrigendum to its extraordinary meeting notice, providing clarity on the objectives of its proposed ₹1,000 crore third-party preferential issue. The amendment, released on August 19, 2025, offers more detailed information about the intended use of the funds and the timeline for their utilization.

Key Updates in the Corrigendum

The corrigendum specifically addresses Point No. 1 of Item No. 1 in the Explanatory Statement of the original notice dated August 1, 2025. The clarified objectives for the preferential issue are as follows:

1. Acquisition of Economic Interests: The proceeds will be used to acquire economic interests in companies owning real estate assets. This will be achieved through:

   • Purchase or subscription of equity securities
   • Acquisition of debt securities
   • Provision of shareholder loans to such companies

2. Timeline for Utilization: The funds are expected to be deployed on or before the end of the financial year 2026-27.

3. Interim Fund Management: Pending the utilization of the proceeds, the manager of Brookfield India REIT has the flexibility to deploy the funds in creditworthy instruments. These may include:

   • Money market mutual funds
   • Bank deposits
   • Other securities, subject to compliance with REIT regulations and applicable laws

Extraordinary Meeting Details

The extraordinary meeting of unitholders is scheduled for August 26, 2025, at 3:00 P.M. IST. It will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Implications for Investors

This clarification provides unitholders with a more precise understanding of how the ₹1,000 crore raised through the preferential issue will be utilized. The focus on acquiring economic interests in real estate asset-owning companies aligns with Brookfield India REIT's strategy to expand its portfolio and potentially enhance returns for unitholders.

The extended timeline for fund utilization until the end of FY 2026-27 suggests a measured approach to identifying and executing suitable acquisition opportunities. Meanwhile, the provision for interim deployment of funds in creditworthy instruments aims to ensure that the capital remains productive.

Unitholders and other stakeholders are advised to read the original extraordinary meeting notice in conjunction with this corrigendum. The updated information is available on Brookfield India REIT's website and has been communicated to the relevant stock exchanges.

As the real estate market continues to evolve, Brookfield India REIT's strategic moves will be closely watched by investors and industry observers alike.