Mindspace Business Parks REIT announced significant leadership changes and corporate decisions following a board meeting held on March 11, 2026. The meeting addressed key personnel transitions and strategic corporate actions affecting the REIT's operations.

Leadership Transition

The board meeting resulted in important changes to the company's leadership structure. The following personnel changes were approved:

Mr. Bharat Sanghavi tendered his resignation as Company Secretary of the Company and Compliance Officer of Mindspace REIT, with effect from the close of business hours on March 11, 2026. The board formally noted his resignation during the meeting.

New Appointment Details

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Mridul Gupta to fill the vacant positions. Mr. Gupta brings professional qualifications to his new role:

• Professional Status: Associate member of the Institute of Company Secretaries of India
• Membership Number: A30111
• Dual Role: Company Secretary of the Company and Compliance Officer of Mindspace REIT
• Start Date: March 12, 2026

Corporate Structure Decision

The board also addressed matters related to Mindspace REIT's asset portfolio. The directors noted the proposed reduction of share capital plan of Mack Soft Tech Private Limited, which serves as an Asset Special Purpose Vehicle of Mindspace REIT. This proposal remains subject to receipt of requisite regulatory and other approvals as may be required under applicable laws.

Regulatory Compliance

The announcements were made in compliance with Regulation 23(5) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been made available on Mindspace REIT's website for investor access and transparency.

Mindspace Business Parks REIT has successfully completed the redemption of commercial paper worth ₹560 crores on March 09, 2026, fulfilling all its payment obligations with no outstanding dues remaining. The redemption was conducted in accordance with SEBI Master Circular guidelines and represents the natural maturity of the commercial paper instruments.

Redemption Details

The commercial paper redemption involved comprehensive financial obligations that were met in full by the REIT. The transaction details highlight the structured nature of the debt instrument and its successful conclusion.

Commercial Paper Structure

The commercial papers were issued on a private placement basis, with each instrument carrying a face value of ₹5,00,000. The papers were issued at a discounted value of ₹4,83,014.50 each, reflecting the typical structure of commercial paper instruments that are issued at a discount to face value.

Regulatory Compliance

The redemption was conducted pursuant to SEBI Master Circular no. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025. The REIT has informed both the National Stock Exchange of India and BSE Limited about the successful completion of the redemption process.

Market Impact

Following the complete redemption, Mindspace Business Parks REIT has requested the delisting of scrip code '730079' from the stock exchanges. The successful redemption demonstrates the REIT's ability to meet its debt obligations and maintain its financial commitments to investors.

Corporate Structure

The redemption was managed by K Raheja Corp Investment Managers Private Limited, which acts as the manager to Mindspace Business Parks REIT. The company secretary and compliance officer, Bharat Sanghavi, signed off on the regulatory filing, ensuring proper documentation and compliance with all applicable regulations.