Bagmane REIT unitholders approve auditors and valuers

Bagmane Prime Office REIT unitholders approved the audited financial statements for the period from May 30, 2025 to March 31, 2026 and ratified the appointment of key statutory and independent service providers during the First Annual Meeting held on July 20, 2026. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw participation from 49 unitholders representing 2,82,45,57,515 units, or 83.08% of the total units. All resolutions were passed with the requisite majority, ensuring the continuation of critical governance functions for the financial years 2026-27 onwards.

Voting Results and Resolutions

The remote e-voting facility was available from July 16, 2026 to July 19, 2026, with e-voting also conducted during the meeting. The Scrutinizer, Ms. Rupal D. Jhaveri, confirmed the proceedings were conducted fairly and transparently. The voting results disclosed that a total of 3,40,00,00,000 shares were outstanding, with 3,10,02,24,109 valid votes polled across all resolutions.

Resolution	Description	Votes For	Votes Against	% For	% Against
1	Adopt Audited Financial Statements for period May 30, 2025 to March 31, 2026	3,09,68,08,531	578	100.0000	0.0000
2	Ratify appointment of S.R. Batliboi & Associates LLP as Statutory Auditor	3,07,60,51,976	2,07,56,966	99.3297	0.6703
3	Ratify appointment of Kzen Valtech Private Limited as Independent Valuer and Jones Lang Lasalle Property Consultants (India) Private Limited as Independent Property Consultant	3,07,85,52,058	1,82,56,848	99.4105	0.5895

Governance and Compliance

The appointment of S.R. Batliboi & Associates LLP as Statutory Auditor was ratified for the period from May 30, 2025 to March 31, 2026 and for the Financial Years 2026-27 till 2029-30. Additionally, the appointment of Kzen Valtech Private Limited as Independent Valuer and Jones Lang Lasalle Property Consultants (India) Private Limited as Independent Property Consultant Review Services Provider was approved for the period from May 30, 2025 to March 31, 2026 and for the Financial Years 2026-27 till 2028-29. The meeting was chaired by Mr. Shashank Bagmane, Non-Executive Director, and attended by key management personnel including Mr. Richard Hugh Andrew, Chief Executive Officer, and Mr. Venkatesh Ranganath P, Company Secretary and Compliance Officer.

Mr. Venkatesh Ranganath P confirmed that the report of the Statutory Auditors for the period ended March 31, 2026, contained no qualifications, observations, or comments adverse to the financial reporting of Bagmane Prime Office REIT. Axis Trustee Services Limited, the Trustee, noted the details of the Scrutinizer's Report and the Voting Results. The results have been submitted to the Stock Exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.05%	+1.32%	+2.31%	+1.22%	+1.22%	+1.22%

Bagmane Prime Office REIT has disclosed its unitholding pattern for the quarter ended June 30, 2026, revealing a concentrated ownership structure. The sponsor and sponsor group collectively hold 82.81% of the total outstanding units, while public investors hold the remaining 17.19%. The total outstanding units for the REIT stand at 3,40,00,00,000.

The filing was submitted to the National Stock Exchange of India Limited and BSE Limited in accordance with Clause 4.13 of Chapter 4 of Master Circular No. SEBI/HO/DDHS-PoD2/P/CIR/2025/99 dated July 11, 2025. Venkatesh Ranganath P, Company Secretary and Compliance Officer, signed the disclosure on behalf of Bagmane Prime Office REIT, acting through its Investment Manager, Bagmane Realty Investment Manager Private Limited.

Sponsor and Sponsor Group Holdings

The sponsor group, comprising Indian individuals and bodies corporates, holds 2,81,55,34,147 units, representing 82.81% of the total outstanding units. All units held by the sponsor group are mandatorily held, with no units pledged or encumbered.

Bagmane Realty and Infrastructure LLP is the primary sponsor, holding 2,69,46,33,237 units, which accounts for 79.25% of the total outstanding units. The sponsor group includes Akruthi Infra Build Developers Private Limited, Raja Bagmane, and Nagamani Raja.

Sponsor / Sponsor Group Entity	No. of Units Held	As a % of Total Outstanding Units
Bagmane Realty and Infrastructure LLP	2,69,46,33,237	79.25
Akruthi Infra Build Developers Private Limited	11,84,39,168	3.48
Raja Bagmane	12,30,871	0.04
Nagamani Raja	12,30,871	0.04
Total Sponsor Group	2,81,55,34,147	82.81

Public Holding Breakdown

Public holding constitutes 58,44,65,853 units, or 17.19% of the total outstanding units. Institutional investors hold the majority of the public stake at 10.44%, while non-institutions hold 6.75%.

Within the institutional category, Bodies Corporates (Foreign Body) hold the largest share at 3.18%, followed by Insurance Companies at 1.76% and Mutual Funds at 1.54%. Among non-institutions, Individuals hold 3.89% of the total outstanding units.

Category	Sub-Category	No. of Units Held	As a % of Total Outstanding Units
Institutions	Mutual Funds	5,23,74,549	1.54
	Financial Institutions/Banks	85,38,920	0.25
	Insurance Companies	5,99,73,006	1.76
	Provident/pension funds	2,68,14,494	0.79
	Foreign Portfolio Investors	1,28,40,132	0.38
	Bodies Corporates (Foreign Body)	10,79,65,854	3.18
	Alternative Investment Fund	8,64,41,477	2.54
	Sub-Total (Institutions)	35,49,48,432	10.44
Non-Institutions	Individuals	13,21,66,439	3.89
	NBFCs registered with RBI	612	-
	Trusts	50,378	-
	Non-Resident Indians	18,00,036	0.05
	Bodies Corporate	9,54,99,956	2.81
	Sub-Total (Non-Institutions)	22,95,17,421	6.75
	Total Public Holding	58,44,65,853	17.19

Top Unitholders

Excluding the sponsor and sponsor group, BREP Asia III India Holding Co VIII Pte. Ltd. is the largest unitholder with 10,79,65,854 units, representing 3.18% of the total outstanding units. NPS Trust follows with 2,68,14,494 units (0.79%), and 360 One Real Assets Development Fund holds 2,38,70,000 units (0.70%).