Brookfield India Real Estate Trust REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Brookfield India REIT has submitted its quarterly compliance filing for NCDs worth Rs 20,000 million (ISIN: INE0FDU07018), issued in December 2025 at 7.06% p.a. The statutory auditor Deloitte Haskins & Sells has certified the security cover at 1.08x on book value and 1.98x on market value as at March 31, 2026, backed by pledged equity shares and CCDs of Seaview Developers Private Limited (Candor N2). Both financial covenants are comfortably met: Net Debt/NOI ratio stands at 5.45x (threshold 6.5x) and Loan-to-Value ratio at 32.12% (threshold 49%). The REIT has also disclosed performance against Sustainability Performance Targets (SPTs) for its sustainability-linked NCDs—renewable power usage at 42% (tracking to 60% by FY31) and water recycling rate at 47% (tracking to 100% by FY31), with third-party verification by Bureau Veritas. No deviations in fund utilization were reported.
Positive for debenture holders — the REIT maintains strong security cover with significant buffer in both covenants, and is on track to meet its sustainability commitments which are tied to the bond terms.