Knowledge Realty Trust has informed the Exchange regarding Notice of Extraordinary General Meeting scheduled to be held on 03/02/2026
Awaiting price reaction for this filing.
Knowledge Realty Trust has called its first Extraordinary General Meeting (EGM) of Unitholders for Tuesday, 03 February 2026 at 11:00 AM via video conferencing. Six resolutions will be tabled: (1) ratifying iVAS Partners as Independent Valuer; (2) ratifying M/s S R B C & Co LLP as Statutory Auditors with audit fees of Rs. 50 lakh for FY2025-26; (3) approving aggregate consolidated borrowings up to 35% of KRT asset value (currently rated CRISIL AAA and ICRA AAA); (4) approving borrowings from Axis Bank Limited up to 35% of total consolidated borrowings; (5) approving the demerger of Devbhumi Realtors Private Limited into four SPVs (Octave, Orwel, Novartis, Argus & Opel covering 6.2 msf); and (6) approving the demerger of One International Center Private Limited (One Unity Center, 1.0 msf). All resolutions require simple majority approval. The cut-off date for e-voting eligibility is 27 January 2026, and remote e-voting runs from 31 January to 02 February 2026.
Unitholders will vote on significant capital structure and portfolio restructuring decisions, including a higher borrowing cap (35% vs the default 25%) enabled by AAA credit ratings and the demerger of key portfolio entities. Approval would expand the Trust's debt headroom and formally reorganise its property-holding structure, which could affect leverage, asset valuations and future fundraising flexibility.