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 first-ever audited financial statements covering the period from May 30, 2025 (date of incorporation) to March 31, 2026. The Trust is newly set up and listed on BSE and NSE on May 14, 2026, after an IPO of 340.50 million units at Rs. 100 each, raising Rs. 34,050 million (fresh issue of Rs. 23,900 million and offer for sale of Rs. 10,150 million). As at March 31, 2026, the Trust held no real estate assets and only had other income of Rs. 2.57 million against equal other expenses, resulting in a loss of Rs. 2.57 million for the period. Total assets stood at Rs. 64.40 million and total equity was negative at Rs. (2.57) million. The auditor S.R. Batliboi & Associates LLP issued a clean, unqualified opinion stating the financials give a true and fair view.
These are essentially formation-period financials, so the small loss is not material to the REIT's prospects. The key takeaway is that the REIT is freshly listed, has already raised Rs. 34,050 million from its IPO, and will acquire SPV assets post period-end — investors should focus on the upcoming post-listing performance rather than this pre-operation report.