Mindspace Business Parks REIT Unitholders Approve FY26 Results at 6th AGM, Ratify Record ₹24.09/Unit Distribution and BSR & Co. as Auditor

Mindspace REIT Unitholders Ratify Record FY26 Distribution and Governance Appointments

Mindspace Business Parks REIT held its 6th Annual Meeting on July 24, 2026, where unitholders formally approved the financial performance for the year ended March 31, 2026, and ratified key governance decisions.

Record Distribution and Strong Operational Performance

Unitholders approved the FY26 financial results, including a record distribution of ₹24.09 per unit, and appointed B S R & Co. LLP as statutory auditors for five years. The resolutions passed confirm the REIT's record net operating income of ₹2,663 crore, underscoring robust demand across its portfolio.

Revenue from operations rose 26.2% to ₹3,234 crore, driven by high occupancy rates across its integrated business parks in Hyderabad, Mumbai, Chennai, and Pune. The net asset value per unit stood at ₹527, up 22% year-on-year.

Auditor and Valuation Appointments

B S R & Co. LLP was appointed as statutory auditors for a five-year term covering financial years 2027-28 through 2031-32. Vijay Arvindkumar C was appointed as the valuer for Mindspace Business Parks REIT.

The appointment follows the clean audit opinion issued by Deloitte Haskins & Sells LLP for FY26, which contained no qualifications or adverse observations.

Balance Sheet Strength and Portfolio Composition

The loan-to-value ratio remained conservative at 24.3%, with a cost of debt of 7.41% per annum. The REIT continues to maintain a diversified portfolio across key Indian commercial markets, with 39.3 million square feet of leasable area as of the fiscal year-end.

About the REIT and Its Sponsor

The sponsor of Mindspace REIT is the K Raheja Corp Group. Mindspace, backed by private equity firm Blackstone and K Raheja Corp, became the second real estate trust to be listed on Indian bourses following its public listing in 2020. The REIT's existing portfolio consists of 5 integrated business parks and 6 independent office assets across Mumbai region, Pune, Hyderabad and Chennai.