Mindspace Business Parks REIT Files FY26 Annual Report with Exchanges and Schedules 6th Annual Meeting of Unitholders for July 24, 2026

Mindspace REIT Reports Strong FY26 Growth Ahead of July 24 Shareholder Meeting

Mindspace Business Parks REIT has filed its Annual Report for the financial year 2025-26 along with the Notice of its 6th Annual Meeting of Unitholders with BSE Limited and the National Stock Exchange of India Limited. The 6th Annual Meeting of Unitholders is scheduled to be held on Friday, July 24, 2026 at 3.30 P.M. (IST) through Video Conferencing.

The submission was made by K Raheja Corp Investment Managers Private Limited, acting as the Manager to the REIT, in compliance with SEBI (Real Estate Investment Trusts) Regulations, 2014 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

NOI for FY 2025-26 stood at ₹ 26,636 Mn, registering a growth of 29.2% year-on-year, while Revenue from Operations grew 26.2% year-on-year to ₹ 32,342 Mn. Total distributions for FY 2025-26 amounted to ₹ 15,164 Mn, with a distribution per unit of ₹ 24.09, reflecting a growth of 9.7% year-on-year.

The REIT's net asset value per unit stood at ₹527 as of March 31, 2026. The REIT maintained a conservative Net Debt to Value ratio of approximately 24.3% as of March 31, 2026.

Operationally, portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.

Portfolio Expansion and Assets Under Management

The company progressed on strategic acquisitions worth Rs 55.41 billion, strengthening its presence in Chennai and expanding its footprint in key office markets. The REIT owns quality office assets located in four key office markets of India, namely the Mumbai Region, Pune, Hyderabad, and Chennai, and has one of the largest Grade-A office portfolios globally. The portfolio has a total leasable area of 39.0 msf, comprising 31.9 msf of completed area, 3.6 msf of area under construction, and 3.5 msf of future development.

It has a diversified and high-quality tenant base, with over 270 tenants.

Annual Meeting Agenda and Upcoming Items

The AGM agenda covers adoption of financial statements, valuation report, appointment of a new valuer, and appointment of B S R & Co. LLP as statutory auditors for FY 2027-28 to FY 2031-32.

Speaker registration for the Annual Meeting is open from 9:00 A.M. (IST) on Monday, July 20, 2026 to 5:00 P.M. (IST) on Thursday, July 23, 2026.

Background: K Raheja Corp's REIT Platform

Ravi Raheja is the Group President of K Raheja Corp, India's leading real-estate conglomerate with over four decades of excellence panning across office, residential, hospitality, malls and retail business. Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. The group houses 3 listed entities with Shoppers Stop Ltd., Chalet Hotels Ltd. and Mindspace Business Parks REIT.