PropShare Titania, the second scheme of Property Share Investment Trust, reported a net distributable cash flow (NDCF) of ₹279.88 million for the financial year ended March 31, 2026. The scheme, which owns a Grade A+ office asset in Thane, maintained 100% occupancy throughout the year, driven by a tenant base comprising Fortune 500 companies and blue-chip corporates.

Revenue from operations for FY26 stood at ₹303.90 million, supported by a weighted average lease expiry (WALE) of 3.55 years. The Net Operating Income (NOI) was reported at ₹269.66 million, resulting in an NOI margin of 88.73%. The scheme’s Net Asset Value (NAV) as of March 31, 2026, was ₹4,802.69 million, translating to a NAV per unit of ₹10,76,351.41.

The Board of Directors of PropShare Investment Manager Private Limited, the Investment Manager of the Trust, has approved the Annual Performance Report for FY26. In accordance with the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, the Board has also convened the First Annual Meeting of the Unitholders. The meeting is scheduled for July 06, 2026, at 13:00 Hrs IST via Video Conferencing and Other Audio Visual Means.

The agenda for the annual meeting includes the adoption of the audited standalone and consolidated financial statements, the ratification of the appointment of statutory auditors ASA & Associates LLP, and the approval of the independent valuer Kzen Valtech Private Limited. The scheme distributed ₹62,728.77 per unit during the year, achieving an annualised yield of 9.00%.

Key Financial Metrics for FY26

The asset, comprising 4,37,973 sq. ft. across six floors of G Corp Tech Park, is fully leased to tenants such as Aditya Birla Capital, Concentrix, and IQVIA. The scheme’s strategy focuses on tenant retention and capitalizing on the mark-to-market potential in the Thane micro-market.

PropShare Titania , the second scheme of Property Share Investment Trust, has declared that its Statutory Auditors have not expressed any modified opinion in the Audit Reports for the financial year ended March 31, 2026. This declaration was submitted to BSE Limited on April 17, 2026, and was digitally signed by Prashant Kataria, Compliance Officer.

Valuation Report and Property Details

The trust had previously submitted its Detailed Valuation Report for the year ended March 31, 2026, to BSE Limited in compliance with Regulation 26ZJ of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. The valuation report covers IT Park office space located on six floors (Floors 5 (part), 7, 9, 11, 12, and 13) in G Corp Tech Park, situated at Ghodbunder Road, Thane, Maharashtra.

The valuation was conducted by KZEN Valtech Private Limited using the Income Approach, specifically the Discounted Cash Flow Method. The Valuer has estimated the Market Value of the complete rights and interests in the Subject Property as INR 4,986.27 million as of March 31, 2026.

Financial Assumptions

Unitholding Pattern for Q4FY26

The unitholding pattern disclosure for the quarter ended March 31, 2026, reveals a total of 4,462 outstanding units. The Sponsor and Sponsor Group hold 224 units, representing 5.02% of the total outstanding units, with 100% of these units mandatorily held. Public holding constitutes 4,238 units, accounting for 94.98% of the total outstanding units.

Regulatory Compliance

Both the Detailed Valuation Report, unitholding pattern, and audit report declaration have been submitted to BSE Limited and are available on the trust's website at https://www.psreit.in/ for stakeholder reference. The submissions ensure proper adherence to SEBI disclosure norms and regulatory requirements.