Knowledge Realty Trust has announced that ICRA Limited has revalidated its credit ratings for non-convertible debentures and corporate rating. The revalidation, dated April 13, 2026, maintains the [ICRA]AAA (Stable) rating across all instruments, demonstrating the trust's strong creditworthiness and financial stability.

Rating Revalidation Details

ICRA Limited revalidated the [ICRA]AAA (Stable) rating for Knowledge Realty Trust's debt instruments totaling ₹3,200.00 crore. The rating action was classified as "revalidate" under the "other" category, representing a confirmation of the previously assigned ratings. All ratings were verified by ICRA Limited on March 30, 2026, with the revalidation formally communicated on April 13, 2026.

Previous Rating Actions

Prior to the revalidation, ICRA Limited had reaffirmed the same [ICRA]AAA (Stable) ratings on March 30, 2026. The earlier rating action was categorized as "reaffirm" with no changes to the rating or outlook. This demonstrates consistent credit quality assessment by the rating agency over the review period.

Regulatory Compliance

The disclosure was made pursuant to Regulation 55 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Knowledge Realty Trust informed both NSE (Scrip Code: KRT) and BSE (Scrip Codes: 544481 for Units, 977158 and 977536 for Non-Convertible Debentures) about the rating revalidation. The trust also referenced compliance with SEBI Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025, regarding annual credit rating reviews.

Rating Agency Communication

ICRA Limited issued formal rating letters on April 13, 2026, confirming the validity of ratings previously communicated on March 30, 2026. The rating agency emphasized that the ratings represent opinions and should not be treated as recommendations to buy, sell, or hold the rated instruments. ICRA also highlighted the importance of penny-drop verification services for ensuring successful principal and interest payments to investors, in line with SEBI guidelines issued in November 2024.

Knowledge Realty Trust has submitted its quarterly compliance report on corporate governance for the quarter ended March 31, 2026, to the National Stock Exchange of India Limited and BSE Limited. The report was filed pursuant to Regulation 26E of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.

Board Composition and Structure

The REIT's manager, Knowledge Realty Office Management Services Private Limited (formerly Trinity Office Management Services Private Limited), maintains a board comprising eight directors. The board includes four independent directors and four non-independent directors, ensuring compliance with SEBI REIT regulations.

The independent directors include Mr. Anup Shah Sanmukh, Mr. Ajay Mahajan, Ms. Bhavna Thakur, Mr. Sunil Ramakant Bhumralkar, and Ms. Geetha Ravichandran. The non-independent directors comprise Mr. Bijay Kumar Agarwal, Mr. Shivam Agarwal, Mr. Tuhin Arvind Parikh, and Mr. Asheesh Mohta.

Committee Structure and Meetings

The REIT maintains four statutory committees with regular chairperson appointments and structured meeting schedules during Q4FY26:

The Audit Committee held three meetings during the quarter on January 12, 2026, February 5, 2026, and March 26, 2026, with all meetings achieving the required quorum. The Risk Management Committee convened on March 26, 2026, while the Stakeholders Relationship Committee met on February 5, 2026.

Board Meetings and Attendance

During Q4FY26, the board of directors conducted two meetings on January 12, 2026, and February 5, 2026. Both meetings achieved the required quorum with strong attendance from directors.

The maximum gap between consecutive board meetings was 24 days, well within regulatory requirements.

Regulatory Compliance and Affirmations

The compliance report confirms adherence to all SEBI REIT regulations across multiple parameters. Key affirmations include proper board composition, committee structures, meeting conduct, and risk management frameworks. The REIT has maintained all required disclosures on its website at www.knowledgerealtytrust.com , including business details, financial information, contact information for investor grievances, and regulatory filings.

The report was signed by Akshay Rajkumar Sharma, Compliance Officer (Membership No. A50318), on April 10, 2026, and will be uploaded to the REIT's official website for stakeholder access.