Knowledge Realty Trust has informed the Exchange regarding Outcome of Extraordinary General Meeting held on 03/02/2026
Awaiting price reaction for this filing.
Knowledge Realty Trust held its first EGM on February 3, 2026 via video conferencing, where all 6 resolutions were passed with the requisite majority. Voting was strong, with about 371.26 crore units (83.72% of total outstanding units) participating. Key resolutions included ratification of iVas Partners as Valuer (99.93% in favour) and SRBC & Co LLP as Statutory Auditors (99.99% in favour). Unitholders also approved aggregate consolidated borrowings up to 35% of the trust's asset value (100% in favour) and a specific borrowing facility from Axis Bank Limited (99.93% in favour). Additionally, two structural resolutions were cleared: the demerger of Devbhumi Realtors Private Limited (99.96% in favour) and the demerger of One International Center Private Limited (99.96% in favour).
Unitholders have greenlit the trust's ability to raise additional debt up to 35% of asset value and have approved two demerger transactions, which could reshape the trust's portfolio structure. The near-unanimous approval across all items signals strong unitholder confidence in management's strategic direction, with minimal dissent.