Mindspace Business Parks REIT has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q4 FY 2024-25
Awaiting price reaction for this filing.
K Raheja Corp Investment Managers, acting as Manager to Mindspace Business Parks REIT, submitted its quarterly Corporate Governance Compliance Report for Q4 FY25 (quarter and year ended March 31, 2025) to the stock exchanges. The report details the REIT's 8-member Board (5 Independent Directors including the Chairperson, and 3 Non-Independent Directors), committee composition (Audit, Nomination & Remuneration, Stakeholders' Relationship, and Risk Management), and meeting schedule. Four Board meetings were held during the quarter (Jan 24, Jan 29, Mar 6, Mar 27, 2025), all with quorum met. One notable change: Mr. Akshaykumar Chudasama was appointed as an Independent Director on March 6, 2025. All SEBI REIT Regulation compliance items were affirmed as 'Yes' with no non-compliance noted, and all required disclosures are available on the REIT's website.
This is a routine SEBI-mandated compliance filing with no material impact on unit price or unitholder value. The addition of one new Independent Director strengthens board composition, and the clean compliance record reinforces governance credibility.