Mindspace Business Parks REIT has announced a crucial board meeting scheduled for November 5, 2025, to discuss and approve its financial results for the second quarter of the fiscal year 2025-26. This meeting marks a significant event for investors and stakeholders in the Indian real estate market.

Key Highlights

Meeting Agenda

The board of directors of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace REIT, will convene to deliberate on two primary matters:

1. Financial Results Review: The board will consider and approve the unaudited standalone and consolidated financial results of Mindspace REIT for the quarter and half-year ended September 30, 2025. They will also review the draft limited review reports issued by the statutory auditors.

2. Distribution Declaration: A decision on the declaration of distribution to unitholders for the quarter ended September 30, 2025, will be made during this meeting.

Investor Information

For those interested in participating in the discussion of the financial results:

• A conference call is scheduled for November 6, 2025, at 4:00 p.m. IST.
• Global dial-in options are available for international investors.
• Pre-registration is encouraged for quick access to the call.
• Universal dial-in numbers for India: +91 22 6280 1528 / +91 22 7115 8342

Investors are advised to dial in 10-15 minutes before the scheduled start of the call for instructions on asking questions.

Post-Call Resources

After the conference call, Mindspace REIT will provide additional resources for investors:

• A playback of the call will be available on the Investor Relations section of their website.
• The transcript of the conference call will be uploaded to the same section.

This announcement underscores Mindspace REIT's commitment to transparency and regular communication with its stakeholders. As the real estate sector continues to evolve, such timely disclosures provide valuable insights into the performance and strategies of key players in the market.

Investors and market analysts will be keenly watching this event, as it may offer crucial information about the health of the commercial real estate sector in India, especially in the context of the ongoing global economic shifts.

Mindspace Business Parks REIT , a prominent player in the Indian real estate investment trust sector, has made significant financial decisions that could impact its future operations and borrowing capacity.

Debt Fundraising Approval

The Executive Committee of K Raheja Corp Investment Managers Private Limited, acting as the manager to Mindspace REIT, has approved raising funds through debt securities. The approved fundraising has a ceiling of INR 115,000 crore, subject to the condition that the aggregate consolidated borrowings do not exceed 33% of the total asset value.

Amendment of Financial Covenants

In addition to the fundraising approval, Mindspace REIT has also amended the financial covenants for an existing INR 500 crore debenture issue dated July 22, 2022. The key changes in the financial covenants are as follows:

These amendments indicate a strategic shift in Mindspace REIT's financial management approach. The increase in the Net Total Debt to Net Operating Income ratio limit from 5.00x to 6.00x suggests a potential for higher leverage. Conversely, the reduction in the Loan to Value ratio limit from 49% to 37% implies a more conservative stance on asset-based borrowing.

Implications and Outlook

The approval for substantial debt fundraising, coupled with the amendments to financial covenants, signals Mindspace REIT's proactive approach to capital management. These decisions may provide the REIT with greater financial flexibility while maintaining a balanced risk profile.

Investors and market watchers will likely keep a close eye on how Mindspace REIT utilizes this expanded borrowing capacity and manages its debt levels in the context of its overall asset value and operating income.

As the real estate sector continues to evolve, especially in the commercial segment where Mindspace REIT operates, these financial maneuvers could play a crucial role in the REIT's ability to capitalize on market opportunities and manage its portfolio effectively.