Bagmane Prime Office REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Bagmane Prime Office REIT has filed its Annual Secretarial Compliance Report for FY 2025-26 with NSE and BSE. The report confirms that the REIT Manager (Bagmane Realty Investment Manager Private Limited) has largely complied with SEBI REIT Regulations, 2014 and other applicable securities laws during the review period. However, the Trustee to the REIT (Axis Trustee Services Limited) received multiple warnings and advisories from SEBI and IFSCA regarding inspection findings related to other clients (InvITs and REITs) where the Trustee acted in a fiduciary capacity. These actions relate to matters like fit and proper criteria for KMP, appointment of fund administrators, and securitized debt instruments. The Trustee has confirmed responding to all regulatory communications and taking corrective steps.
The REIT itself maintains compliance with regulatory requirements. The regulatory actions are directed at the Trustee for matters unrelated to Bagmane REIT's operations, though unitholders should note the Trustee is under regulatory scrutiny for other mandates.