Mindspace Business Parks REIT has issued a corrigendum on December 12, 2025, to address a typographical error in its postal ballot notice that was originally issued to unitholders on November 28, 2025. The correction relates to a valuation report for a property acquisition that forms part of the REIT's ongoing corporate actions.

Error Details and Correction

The typographical error was identified in the valuation report dated November 21, 2025, prepared by Ms. L Anuradha (Valuer) for Building 89, Raheja Woods, Kalyani Nagar, Pune. The error appeared on Page 32 of the valuation report, which corresponds to Page 197 of the Transaction Document annexed to the postal ballot notice.

The Manager, K Raheja Corp Investment Managers Private Limited, received an addendum letter from the valuer dated December 11, 2025, confirming that this was indeed a typographical error. The valuer clarified that the correct statement should read "Proposed transaction is a related party transaction," which aligns with the information correctly mentioned in the bottom row under "Proposed Holding" in the same table.

Postal Ballot Process Continuation

The corrigendum does not affect the ongoing postal ballot process. The e-voting facility, which commenced on November 29, 2025, at 09:00 AM IST, continues as scheduled. All other contents of the original notice and its attachments remain unchanged, with only this specific correction being implemented.

Document Availability and Compliance

The corrigendum, along with the valuer's addendum letter, has been made available through multiple channels to ensure transparency and accessibility for unitholders. The documents can be accessed on the REIT's official website at https://www.mindspacereit.com/investor-relations/postal-ballot , as well as on the BSE Limited and National Stock Exchange of India Limited websites.

The REIT has emphasized that from the date of the corrigendum, the original postal ballot notice should be read in conjunction with this correction, which forms an integral part of the notice. This ensures that unitholders have accurate information when making their voting decisions on the matters presented in the postal ballot.

Bharat Sanghavi, Company Secretary and Compliance Officer (Membership No.: A13157), signed the corrigendum on behalf of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT.

Mindspace Business Parks REIT , a prominent player in the Indian real estate investment trust sector, has successfully raised ₹1,200 crore through the issuance of non-convertible debentures (NCDs). This strategic move aligns with the REIT's broader fundraising initiatives and demonstrates its ability to tap into debt markets for capital.

Key Details of the Debenture Issuance

Fundraising Strategy and Debt Management

The NCD issuance is part of Mindspace REIT's approved fundraising plan, which allows for raising funds up to ₹115,000 crore. This plan is designed to provide financial flexibility while maintaining prudent debt limits. The REIT has committed to keeping its consolidated borrowings and deferred payments, net of cash and cash equivalents, within 33% of the total asset value.

Financial Position

Examining Mindspace REIT's consolidated balance sheet provides context for this fundraising activity:

The significant increase in non-current liabilities year-over-year suggests that the REIT has been actively managing its debt profile, possibly to take advantage of favorable interest rates or to fund growth initiatives.

Implications and Outlook

This successful NCD issuance demonstrates Mindspace REIT's strong market position and investor confidence. The funds raised may be used for refinancing existing debt, funding ongoing projects, or exploring new acquisition opportunities in the commercial real estate sector.

The coupon rate of 6.9601% indicates that the REIT was able to secure terms that should help in managing its overall cost of capital. As the commercial real estate market continues to evolve, Mindspace REIT's strategic financial management will be crucial in navigating market challenges and capitalizing on growth opportunities.

Investors and market watchers will likely keep a close eye on how Mindspace REIT utilizes these funds and manages its debt-to-asset ratio in the coming quarters, as these factors will play a significant role in the REIT's future performance and distribution potential.