Brookfield India Real Estate Trust REIT has informed the Exchange regarding Outcome of Extraordinary General Meeting held on 07/04/2026
Awaiting price reaction for this filing.
Brookfield India REIT held its 9th Extraordinary Meeting of unitholders on April 7, 2026 via video conferencing, attended by 11 unitholders representing 21.45% of total units. Three resolutions were put to vote: (1) approval for Arliga Ecoworld Business Parks SPV to raise Rs 1,125 Crore from 360 One WAM funds on a preferential basis at a 3.1% premium, after which Brookfield India REIT will hold 86.9% and 360 One WAM will hold 13.1% economic interest with operational control remaining fully with the REIT; (2) enabling resolution for a Qualified Institutional Placement (QIP) of up to Rs 4,000 Crore by the REIT in one or more tranches; and (3) approval of statutory auditor fees for Deloitte Haskins & Sells. The stated objective is to create dry powder for future growth, meet capital commitments, and enable interim debt reduction. Consolidated voting results will be announced within two working days.
If approved, the QIP of up to Rs 4,000 Crore and the Rs 1,125 Crore third-party investment into the Ecoworld SPV could dilute existing unitholders' stakes, but may also strengthen the balance sheet and fund future acquisitions. The 3.1% premium on the Ecoworld SPV issuance is marginally accretive, while retaining full operational control of the SPV limits strategic risk.