Mindspace Business Parks REIT successfully hosted the second edition of its flagship sustainability marathon, Mindspace EcoRun 2.0, on February 22, 2026, at Mindspace Madhapur, Hyderabad. The event attracted over 4,200 runners, demonstrating strong community engagement and the growing popularity of sustainability-focused fitness initiatives in the city.

Event Overview and Participation

The marathon, organized in partnership with Mirchi, offered three race categories to accommodate participants across different age groups and fitness levels:

The event created an inclusive celebration of fitness and community spirit, drawing participation from seasoned runners, first-timers, families, and corporate teams. The atmosphere was enhanced by Mirchi RJs and celebrity attendees including Divi Vadthya, Harsh Roshan, and Sridevi Apalla, who flagged off the run.

Sustainability Initiatives

True to its environmental focus, Mindspace EcoRun 2.0 incorporated several eco-conscious features designed to minimize environmental impact:

• Plantable bibs for participants
• Organic jerseys as part of race kits
• Refillable hydration stations throughout the course
• Biodegradable cutlery for breakfast service
• Comprehensive waste management practices

A significant highlight of this year's edition is the commitment to upcycle event waste into functional chairs, which will be donated to school children associated with NGO partner Nirmaan.

Pre-Event Activities and Community Impact

The main event was preceded by the Mindspace EcoRun Expo held on February 20 and 21, featuring a Sustainability Flea Market. This initiative showcased eco-friendly products while creating livelihood opportunities for specially-abled individuals and women from underprivileged communities through partnership with NGO Nirmaan.

Leadership Perspective

Shrawan Kumar Gone, Chief Executive Officer of K.Raheja IT Park (Hyderabad) Limited, emphasized the event's broader significance: "Mindspace EcoRun 2.0 reflects our continued commitment to integrating sustainability into every aspect of our developments. Beyond being a marathon, this initiative demonstrates how large-scale community engagement can drive measurable environmental and social impact."

About Mindspace Business Parks REIT

Mindspace Business Parks REIT, sponsored by K Raheja Corp group and listed in August 2020, operates one of the largest Grade-A office portfolios globally. The REIT's portfolio spans four key Indian office markets:

The portfolio consists of properties primarily certified as Gold or Platinum Green Buildings under IGBC/LEED standards, reinforcing the company's commitment to sustainable development practices.

Mindspace Business Parks REIT has announced the reaffirmation of its credit rating by ICRA Limited for proposed non-convertible debentures. The development was communicated to stock exchanges on February 14, 2026, in compliance with regulatory requirements under SEBI regulations.

Credit Rating Details

ICRA Limited has reaffirmed the credit rating for Mindspace Business Parks REIT's debt instruments, maintaining the highest credit quality assessment. The rating reaffirmation covers proposed non-convertible debentures with substantial financial backing.

Regulatory Compliance

The intimation was made pursuant to Regulation 23(5) of the SEBI (Real Estate Investment Trusts) Regulations, 2014, and Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The REIT has notified both National Stock Exchange of India Limited and BSE Limited about the rating reaffirmation.

The communication was signed by Bharat Sanghavi, Company Secretary and Compliance Officer of K Raheja Corp Investment Managers Private Limited, which acts as the manager to Mindspace Business Parks REIT.

Rating Validation

ICRA Limited's letter dated February 13, 2026, confirmed that the ratings previously communicated on October 27, 2025, remain valid. The rating agency emphasized that this assessment should not be treated as a recommendation to buy, sell, or hold the long-term debt instruments to be issued by the REIT.

The terms and conditions for the rating remain unchanged from the original assessment communicated in October 2025. This reaffirmation demonstrates the REIT's continued financial stability and creditworthiness in the market.