Mindspace Business Parks REIT Completes ₹1,380.85 Crore Interest Payment on Non-Convertible Debentures

2 min read     Updated on 31 Dec 2025, 02:41 PM
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Overview

Mindspace Business Parks REIT completed interest payments of ₹1,380.85 crores on 13 NCD series for Q3 FY26, with payments made on December 29, 2025. The portfolio covers ₹7,490 crores in issue size across regular NCDs and Green Bonds, with all obligations fulfilled on time and no unpaid amounts remaining.

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*this image is generated using AI for illustrative purposes only.

Mindspace Business Parks REIT has successfully completed quarterly interest payments totaling ₹1,380.85 crores on its Non-Convertible Debentures (NCDs) for the quarter ended December 31, 2025. The payments were executed on December 29, 2025, two days ahead of the due date of December 31, 2025.

NCD Portfolio Overview

The interest payments covered 13 NCD series with a combined issue size of ₹7,490 crores. The portfolio includes both regular NCDs and Green Bonds, demonstrating the REIT's commitment to sustainable financing.

Series ISIN Issue Size (₹ Cr) Interest Paid (₹ Cr) Frequency
Series 4 INE0CCU07066 500.00 97.19 Quarterly
Series 5 (Green Bond) INE0CCU07074 550.00 111.18 Quarterly
Series 6 INE0CCU07082 500.00 97.67 Quarterly
Series 7 INE0CCU07090 500.00 101.20 Quarterly
Series 8 INE0CCU07108 340.00 67.96 Quarterly

Major Payment Components

The largest individual payment was made for Series 13, amounting to ₹148.58 crores on a ₹550 crore issue size with half-yearly frequency. Series 10, with the highest issue size of ₹650 crores among quarterly series, generated an interest payment of ₹130.09 crores.

Series ISIN Issue Size (₹ Cr) Interest Paid (₹ Cr) Frequency
Series 9 INE0CCU07116 500.00 100.32 Quarterly
Series 10 INE0CCU07124 650.00 130.09 Quarterly
Series 11 INE0CCU07132 500.00 95.02 Quarterly
Series 12 INE0CCU07140 600.00 108.89 Quarterly
Series 13 INE0CCU07157 550.00 148.58 Half-yearly

Recent Series Performance

The newer NCD series (14-16) showed varied interest payment patterns, with Series 16 having the largest issue size of ₹1,200 crores but a relatively lower quarterly interest payment of ₹52.63 crores, indicating competitive interest rates.

Series ISIN Issue Size (₹ Cr) Interest Paid (₹ Cr) Frequency
Series 14 INE0CCU07165 600.00 105.86 Quarterly
Series 15 INE0CCU07173 700.00 60.32 Quarterly
Series 16 INE0CCU07181 1,200.00 52.63 Quarterly

Payment Execution Details

All payments were processed with a record date of December 16, 2025, and executed on December 29, 2025. The company confirmed that all interest obligations due for the quarter ended December 31, 2025, have been fulfilled with no unpaid obligations remaining. Most series maintained their previous payment frequency, with the majority following quarterly payment schedules.

Compliance and Transparency

The payment certification was filed under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT, ensured timely compliance with all regulatory requirements and maintained transparency in debt servicing obligations.

Historical Stock Returns for Mindspace Business Parks REIT

1 Day5 Days1 Month6 Months1 Year5 Years
+1.15%+1.61%+2.66%+18.73%+31.92%+44.08%
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Mindspace Business Parks REIT Issues Corrigendum to Postal Ballot Notice for Valuation Report Error

2 min read     Updated on 12 Dec 2025, 02:29 PM
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Reviewed by
Naman SScanX News Team
Overview

Mindspace Business Parks REIT issued a corrigendum on December 12, 2025, correcting a typographical error in its November 28, 2025 postal ballot notice. The error was in the valuation report for Building 89, Raheja Woods, Pune, where a transaction was incorrectly stated as "not a related party transaction" instead of "related party transaction." The valuer confirmed the error through an addendum letter, and all other postal ballot contents remain unchanged.

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Mindspace Business Parks REIT has issued a corrigendum on December 12, 2025, to address a typographical error in its postal ballot notice that was originally issued to unitholders on November 28, 2025. The correction relates to a valuation report for a property acquisition that forms part of the REIT's ongoing corporate actions.

Error Details and Correction

The typographical error was identified in the valuation report dated November 21, 2025, prepared by Ms. L Anuradha (Valuer) for Building 89, Raheja Woods, Kalyani Nagar, Pune. The error appeared on Page 32 of the valuation report, which corresponds to Page 197 of the Transaction Document annexed to the postal ballot notice.

Error Details: Description
Location: Page 32 of valuation report
Section: Address, ownership and title details table
Incorrect Statement: "Proposed transaction is not a related party transaction"
Correct Statement: "Proposed transaction is a related party transaction"
Valuer: Ms. L Anuradha (IBBI/RV/02/2022/14979)

The Manager, K Raheja Corp Investment Managers Private Limited, received an addendum letter from the valuer dated December 11, 2025, confirming that this was indeed a typographical error. The valuer clarified that the correct statement should read "Proposed transaction is a related party transaction," which aligns with the information correctly mentioned in the bottom row under "Proposed Holding" in the same table.

Postal Ballot Process Continuation

The corrigendum does not affect the ongoing postal ballot process. The e-voting facility, which commenced on November 29, 2025, at 09:00 AM IST, continues as scheduled. All other contents of the original notice and its attachments remain unchanged, with only this specific correction being implemented.

Process Details: Information
Original Notice Date: November 28, 2025
E-voting Start: November 29, 2025, 09:00 AM IST
Corrigendum Date: December 12, 2025
Valuer Addendum: December 11, 2025

Document Availability and Compliance

The corrigendum, along with the valuer's addendum letter, has been made available through multiple channels to ensure transparency and accessibility for unitholders. The documents can be accessed on the REIT's official website at https://www.mindspacereit.com/investor-relations/postal-ballot , as well as on the BSE Limited and National Stock Exchange of India Limited websites.

The REIT has emphasized that from the date of the corrigendum, the original postal ballot notice should be read in conjunction with this correction, which forms an integral part of the notice. This ensures that unitholders have accurate information when making their voting decisions on the matters presented in the postal ballot.

Bharat Sanghavi, Company Secretary and Compliance Officer (Membership No.: A13157), signed the corrigendum on behalf of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT.

Historical Stock Returns for Mindspace Business Parks REIT

1 Day5 Days1 Month6 Months1 Year5 Years
+1.15%+1.61%+2.66%+18.73%+31.92%+44.08%
Mindspace Business Parks REIT
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