Brookfield India Real Estate Trust REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of Brookprop Management Services Private Limited, the manager of Brookfield India REIT, met on June 23, 2025 and approved two director appointments. Mr. Keki Minoo Mistry, a veteran chartered accountant and current director on boards of HDFC Bank, HDFC Life, TCS and others, has been appointed as an Additional Independent Director for a 5-year term (June 23, 2025 to June 22, 2030). Mr. Rachit Kothari, a senior member of Brookfield's Real Estate Group in India responsible for acquisitions and strategic portfolio initiatives, has been appointed as an Additional Non-Executive Non-Independent Director. Both appointments are subject to approval of members at the next AGM. With these additions, the Board now comprises 8 directors, including 4 Independent Directors.
These appointments strengthen governance with the addition of a highly credentialed independent director (Mr. Mistry brings deep financial sector expertise) while Mr. Kothari's induction reinforces Brookfield's strategic oversight of the REIT. Material impact on unit price is unlikely, though improved board quality may be viewed positively by unitholders.