PropShare Titania REIT Submits Q3 FY26 Corporate Governance Compliance Report

PropShare Titania , second scheme of Property Share Investment Trust, has submitted its quarterly corporate governance compliance report for the quarter ended December 31, 2025, to BSE Limited. The report was filed on January 16, 2026, by the investment manager PropShare Investment Manager Private Limited, in compliance with Regulation 26E of SEBI (Real Estate Investment Trusts) Regulations, 2014.

Board Composition and Leadership Structure

The REIT's investment manager maintains a six-member board of directors with a balanced composition of independent and non-independent directors. The board structure demonstrates compliance with regulatory requirements for REIT governance.

Director Details:	Name	Category	Appointment Date
Chairperson:	Mr. Hashim Qadeer Khan	Non-Independent Director	April 02, 2024
Director:	Mr. Kunal Moktan	Non-Independent Director	April 02, 2024
Independent Director:	Mr. Jagdish Chandra Sharma	Independent Director	August 03, 2024
Woman Independent Director:	Ms. Rachna Dikshit	Woman Independent Director	August 03, 2024
Independent Director:	Mr. Ramakrishnan Seshan	Independent Director	August 03, 2024
Director:	Mr. Benjamin Oliver Speat Cassey	Non-Independent Director	August 03, 2024

The board includes three independent directors, ensuring adequate independent oversight as required under SEBI regulations. Mr. Hashim Qadeer Khan serves as the Chairperson and is related to the managing director or CEO.

Committee Structure and Governance Framework

The investment manager has established four statutory committees to ensure effective governance and compliance. All committees were constituted on September 17, 2024, with regular chairpersons appointed for each.

Key Committees Overview:

Audit Committee:

Chairman: Mr. Jagdish Chandra Sharma (Independent Director)
Members: Ms. Rachna Dikshit (Independent Director), Mr. Kunal Moktan (Non-Independent Director)
Meetings in Q3 FY26: 2 meetings (October 17, 2025, and December 22, 2025)

Nomination and Remuneration Committee:

Chairperson: Ms. Rachna Dikshit (Independent Director)
Members: Mr. Jagdish Chandra Sharma, Mr. Ramakrishnan Seshan (both Independent Directors)
Meetings in Q3 FY26: No meetings held

Risk Management Committee:

Chairperson: Mr. Hashim Qadeer Khan (Non-Independent Director)
Members: Mr. Kunal Moktan (Non-Independent Director), Mr. Ramakrishnan Seshan (Independent Director)
Meetings in Q3 FY26: No meetings held

Stakeholders' Relationship Committee:

Chairperson: Mr. Jagdish Chandra Sharma (Independent Director)
Members: Mr. Hashim Qadeer Khan, Mr. Benjamin Oliver Speat Cassey (both Non-Independent Directors)
Meetings in Q3 FY26: No meetings held

Board and Committee Meeting Activity

During the quarter ended December 31, 2025, the board of directors conducted three meetings with proper quorum and adequate independent director participation.

Meeting Schedule:	Date	Quorum Met	Directors Present	Independent Directors Present
Board Meeting 1:	October 17, 2025	Yes	6	3
Board Meeting 2:	November 14, 2025	Yes	5	3
Board Meeting 3:	December 22, 2025	Yes	5	3

The maximum gap between consecutive board meetings was 53 days between the August 25, 2025 meeting and the October 17, 2025 meeting. Among the committees, only the Audit Committee held meetings during Q3 FY26, conducting two sessions with full attendance and proper quorum.

Regulatory Compliance and Affirmations

The compliance report includes comprehensive affirmations confirming adherence to SEBI REIT regulations. The investment manager has affirmed that the board composition, committee structures, and meeting conduct align with regulatory requirements. All committee members have been made aware of their powers, roles, and responsibilities as specified under SEBI regulations.

The report was approved by the board of directors of the investment manager, with no additional comments or observations noted. Mr. Prashant Kataria, serving as Compliance Officer, signed and submitted the report, ensuring continued regulatory compliance for the REIT's operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.88%	+0.88%	+0.35%	+0.37%	+0.37%	+0.37%

PROPSHARE TITANIA has issued a clarification regarding an inadvertent typographical error in its distribution announcement for the quarter ended September 30, 2025. The correction pertains to the distribution amount for PropShare Titania, the second scheme of the Trust.

Correction Details

The Trust has revised the previously announced distribution amount, correcting a significant discrepancy:

Detail	Incorrect Amount	Corrected Amount
Distribution per unit	Rs. 22,017.61	Rs. 15,159.45
Total distribution	Rs. 74.00	Rs. 67.64

Breakdown of Corrected Distribution

The corrected distribution of Rs. 15,159.45 per unit comprises:

Component	Amount per Unit
Interest payment	Rs. 7,980.73
Debt repayment	Rs. 7,178.83

Immediate Action Taken

Upon identifying the error, PropertyShare Investment Trust promptly filed a revised submission containing the correct distribution details. The Trust has requested the BSE Limited to consider the corrected document for their records.

Corporate Information

Script Symbol: PSTitania
Scrip Code: 544462
Investment Manager: PropShare Investment Manager Private Limited
ISIN: INE19RO25021

This correction underscores the importance of accurate financial reporting and the Trust's commitment to transparency with its unitholders and the stock exchange. Investors and stakeholders are advised to take note of these corrected figures for their records and any investment-related decisions.

The Trust's swift action in identifying and rectifying the error demonstrates its dedication to maintaining accurate and reliable financial communication, which is crucial for maintaining investor trust in the real estate investment trust (REIT) sector.