Brookfield India Real Estate Trust (Brookfield India REIT) has received strong support from its unitholders for a significant capital raising initiative. At an Extraordinary Meeting held on August 26, 2025, unitholders voted overwhelmingly in favor of a preferential issue of up to 32,258,065 units.

Voting Results

The resolution for the preferential issue was passed with a special majority, showcasing robust unitholder confidence in the REIT's growth strategy. Key voting statistics include:

• 99.999% of votes cast were in favor of the resolution
• Only 0.001% of votes were against the proposal
• 71.37% of total units participated in the voting process

Breakdown by Unitholder Category

The support for the preferential issue was consistent across all unitholder categories:

Capital Raising Details

Alok Aggarwal, Chief Executive Officer and Managing Director of Brookprop Management Services Private Limited (the manager of Brookfield India REIT), provided insights into the capital raising initiative:

• The preferential issue aims to raise INR 1,000.00 crores
• The issue price is set at INR 310.00 per unit

Strategic Rationale

The funds raised through this preferential issue are intended to support Brookfield India REIT's growth strategy:

1. Enhance ability to pursue growth opportunities, particularly in South India
2. Potential acquisitions from the sponsor group, with access to over 15 million sq. ft. of high-quality office assets in complementary Southern India locations
3. Combined with a previous INR 3,500.00 crores QIP in Q3 FY2025, the REIT will have approximately INR 4,500.00–5,000.00 crores in equity capital for growth opportunities

Investor Base Diversification

The preferential issue is also aimed at diversifying Brookfield India REIT's unitholder base by targeting:

• Family offices
• High-net-worth individuals
• Corporate treasuries

Meeting Details

The Extraordinary Meeting was conducted via video conferencing, in compliance with Securities and Exchange Board of India (SEBI) regulations. Key attendees included the Board of Directors of Brookprop Management Services Private Limited, representatives from Axis Trustee Services Limited (the REIT's trustee), and the appointed scrutinizer.

This successful vote marks a significant milestone for Brookfield India REIT, potentially setting the stage for future growth and expansion in the Indian real estate market, particularly in the office space sector.

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.