Property Share Investment Trust's PropShare Platina has announced its Net Asset Value declaration for the quarter ending March 31, 2026. The Board of Directors of PropShare Investment Manager Private Limited, serving as the Investment Manager to Property Share Investment Trust, made this regulatory disclosure on April 17, 2026.

Net Asset Value Declaration

The company has declared a Net Asset Value of ₹11,44,216.01 per unit for PropShare Platina as of March 31, 2026. This declaration fulfills the requirements outlined in Chapter 4 Para 4.15 of the SEBI Master Circular SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025.

Valuation Framework

The Net Asset Value calculation is based on the Gross Asset Value derived from a comprehensive valuation report dated April 17, 2026. KZEN Valtech Private Limited, registered with IBBI/RV - E/05/2022/164, conducted the valuation exercise. Mr. Sachin Gulaty, Director at KZEN Valtech Private Limited, represented the valuation firm in this assessment.

Corporate Structure

PropShare Platina operates as the first scheme of Property Share Investment Trust, functioning through its Investment Manager, PropShare Investment Manager Private Limited. The regulatory filing was signed by Prashant Kataria, Compliance Officer, on April 17, 2026, and submitted to BSE Limited's Corporate Relations Department.

The declaration ensures compliance with SEBI's regulatory framework for investment trusts and provides transparency to stakeholders regarding the fund's asset valuation as of the quarter end.

Property Share Investment Trust has filed its detailed valuation report for the financial year 2026 with BSE Limited, marking a significant regulatory compliance milestone for the small and medium REIT (SM REIT). The submission, dated April 17, 2026, fulfills requirements under Regulation 26ZJ of the SEBI (Real Estate Investment Trusts) Regulations, 2014.

Property Valuation Overview

The independent valuation, conducted by KZEN VALTECH PRIVATE LIMITED (IBBI/RV-E/05/2022/164), assessed the market value of PropShare Platina's flagship commercial property at INR 3,739.96 million as of March 31, 2026. The valued asset comprises 246,935 sq.ft. of leasable commercial office space spanning six floors (Ground to Fifth) in Building 2 of the Prestige Tech Platina development.

Strategic Location and Property Details

The subject property is strategically located along Bengaluru's Outer Ring Road (ORR), one of India's premier office corridors. The asset forms part of the larger Prestige Tech Platina complex, which spans approximately 1.19 million sq.ft. across three towers. The REIT's holdings are concentrated in Building 2, encompassing floors from ground level to the fifth floor.

The property benefits from excellent connectivity and infrastructure, with direct access to Outer Ring Road and proximity to major IT hubs including Marathahalli (1.50 km) and Sarjapura junction (4.50 km). The building holds LEED Gold certification, reflecting its commitment to sustainable construction practices.

Market Analysis and Rental Performance

The valuation incorporated comprehensive market research of Bengaluru's office sector, particularly the ORR Southeast micro-market. Current market analysis reveals strong fundamentals with Grade A office stock of 237.9 million sq.ft. citywide and tight vacancy levels of 3.7% in the ORR Southeast corridor.

Tenancy and Revenue Structure

The property maintains full occupancy with 24/7 Customer Private Limited as the sole tenant across all floors. The lease structure demonstrates stable revenue generation with differentiated rental rates across floors:

• Ground Floor: 34,991 sq.ft. at INR 108.00 per sq.ft./month
• First Floor: 37,075 sq.ft. at INR 100.00 per sq.ft./month
• Second & Third Floors: 43,717 sq.ft. each at INR 100.00 per sq.ft./month
• Fourth Floor: 43,717 sq.ft. at INR 108.00 per sq.ft./month
• Fifth Floor: 43,717 sq.ft. at INR 103.50 per sq.ft./month

The weighted average lease expiry (WALE) stands at 7.68 years, providing long-term cash flow visibility. Rental escalations are structured at 3.85% after the first three years, followed by 15% increases every three years thereafter.

Valuation Methodology and Assumptions

The valuation employed the Income Approach using Discounted Cash Flow methodology over a 10-year projection period. Key assumptions included:

• Market Rent: INR 101.00 per sq.ft./month for Year 1
• Annual Rent Escalation: 5% per annum
• Discount Rate (WACC): 11.75%
• Exit Capitalization Rate: 8.00%
• Perpetual Vacancy Allowance: 2% (post-lease expiry)

The analysis considered Bengaluru's robust demand from Global Capability Centers (GCCs), which account for approximately 42% of India's GCC footprint, supporting sustained rental growth in the micro-market.

Regulatory Compliance and Transparency

The detailed valuation report has been uploaded on the REIT's website at https://www.psreit.in/ , ensuring transparency for unitholders and market participants. The submission demonstrates PropShare Platina's commitment to regulatory compliance under the evolving SEBI framework for small and medium REITs.

The valuation reflects the property's strategic positioning in one of India's most dynamic office markets, supported by strong occupancy, quality tenant profile, and favorable market fundamentals in Bengaluru's technology corridor.