Mindspace Business Parks REIT Receives Credit Rating Reaffirmation from ICRA Limited for INR 2,650 Crore Debentures

1 min read     Updated on 14 Feb 2026, 03:40 PM
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Overview

Mindspace Business Parks REIT received reaffirmation of its [ICRA]AAA (Stable) credit rating from ICRA Limited for proposed non-convertible debentures worth INR 2,650 crore. The rating validation was communicated on February 13, 2026, confirming the validity of ratings previously issued in October 2025. The REIT has informed stock exchanges in compliance with SEBI regulations, with the rating maintaining unchanged terms and conditions from the original assessment.

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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.

Parameter: Details
Credit Rating Agency: ICRA Limited
Instrument Type: Proposed Non-Convertible Debentures
Issue Size: INR 2,650 crore
Rating: [ICRA]AAA (Stable)
Rating Date: February 13, 2026

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.

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Mindspace Business Parks REIT Schedules Board Meeting for January 27, 2026 to Approve Q3FY26 Results and Distribution Declaration

2 min read     Updated on 20 Jan 2026, 07:49 PM
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Reviewed by
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Overview

Mindspace Business Parks REIT has scheduled its board meeting for January 27, 2026, to approve unaudited financial results for the quarter and nine months ended December 31, 2025, and declare quarterly distribution to unitholders. The record date for distribution eligibility is set for January 30, 2026, with payment proposed by February 6, 2026. A conference call to discuss the results will be held on January 28, 2026 at 4:00 p.m. IST.

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Mindspace Business Parks REIT has announced its board meeting schedule for the consideration of quarterly financial results and distribution declaration. The meeting is set to address key financial matters for the quarter ended December 31, 2025.

Board Meeting Details

The board of directors of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT, will convene on Tuesday, January 27, 2026. The meeting has been scheduled in compliance with SEBI (Real Estate Investment Trusts) Regulations, 2014 and Regulation 50 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Parameter: Details
Meeting Date: Tuesday, January 27, 2026
Primary Agenda: Q3FY26 Financial Results Approval
Secondary Agenda: Distribution Declaration
Compliance Framework: SEBI REIT Regulations 2014

Key Agenda Items

The board meeting will focus on two primary matters for the quarter ended December 31, 2025:

  • Financial Results Approval: The board will consider and approve unaudited standalone and consolidated financial results for both the quarter and nine months ended December 31, 2025. The board will also take on record the draft limited review reports issued by the statutory auditors.

  • Distribution Declaration: The directors will declare distribution to unitholders for the quarter ended December 31, 2025.

Distribution Timeline

Mindspace REIT has provided specific dates for the distribution process, ensuring transparency for unitholders regarding payment schedules.

Distribution Timeline: Date
Record Date: Friday, January 30, 2026
Payment Date: On or before Friday, February 6, 2026
Regulatory Basis: SEBI REIT Regulations 2014, Section 18(16)

The record date of January 30, 2026 will determine eligibility for unitholders to receive the quarterly distribution, if approved and declared by the board.

Investor Conference Call

Following the board meeting, Mindspace REIT will host a conference call to discuss the financial results with investors and analysts. The call is scheduled for Wednesday, January 28, 2026 at 4:00 p.m. IST.

Conference Call Details: Information
Date and Time: Wednesday, January 28, 2026 at 4:00 p.m. IST
Purpose: Discussion of Q3FY26 Financial Results
Access Method: Pre-registration link provided
Recording Availability: Post-call playback on company website

The REIT has indicated that both a playback of the call and transcript will be made available on the investor relations section of their website at mindspaceireit.com following the conference call.

Regulatory Compliance

The announcement demonstrates Mindspace REIT's adherence to regulatory requirements under SEBI guidelines. The company has provided advance notice to both NSE and BSE, ensuring compliance with listing obligations and maintaining transparency with stakeholders regarding corporate actions and financial disclosures.

Historical Stock Returns for Mindspace Business Parks REIT

1 Day5 Days1 Month6 Months1 Year5 Years
-1.64%+0.99%+2.52%+18.76%+33.39%+54.80%
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