Bagmane Prime Office REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of Directors of the Investment Manager of Bagmane Prime Office REIT, at its meeting on June 3, 2026, approved the audited financial results and statements for the quarter ended March 31, 2026, and the period from May 30, 2025 to March 31, 2026. The Board approved a financial facility of ₹15,000 million (₹1,500 crore) for refinancing existing debt of Holdco/SPVs and general corporate purposes, and constituted an Executive Committee authorized to raise debt up to 15% of the Loan-to-Value (LTV) ratio. The Board also approved redemption of outstanding Optionally Convertible Debentures (OCDs) issued by Bagmane Developers Private Limited (Holdco) and held by the REIT. The REIT informed that its first distribution after listing (May 14, 2026) will be for Q1 FY2026-27 (quarter ending June 30, 2026). Statutory auditor S.R. Batliboi & Associates LLP gave an unmodified opinion on the financial statements.
Positive for unitholders — the first REIT distribution post-listing has been confirmed for Q1 FY27, and the ₹1,500 crore refinancing facility along with OCD redemption simplifies the capital structure. The audited numbers are largely administrative since the Trust was newly incorporated (May 30, 2025) and had not yet acquired real estate assets as of March 31, 2026.