Mindspace Business Parks REIT has informed the Exchange regarding Outcome of Extraordinary General Meeting held on 28/12/2025
Awaiting price reaction for this filing.
Mindspace Business Parks REIT announced the outcome of a postal ballot (e-voting held from November 29 to December 28, 2025) in which unitholders approved two special resolutions with overwhelming majority. Resolution 1, approving preferential issue of units to shareholders of Pramaan Properties Private Limited, was passed with 99.9961% votes in favour (13.33 crore units voted in favour out of 13.33 crore polled). Resolution 2, approving preferential issue of units to shareholders of Sundew Real Estate Private Limited, was passed with 99.9959% votes in favour. Promoter and promoter group were marked as interested parties in both resolutions. The scrutinizer's report was issued by Chandrasekaran Associates on December 29, 2025, confirming both resolutions were passed with the requisite 60% majority under REIT Regulations.
Both resolutions were approved with near-unanimous support (over 99.99% in favour), signalling strong unitholder backing for the preferential unit issuances. This is likely part of an acquisition or asset acquisition transaction involving Pramaan and Sundew properties being added to the REIT's portfolio, which could expand the REIT's asset base but may also lead to unit dilution for existing unitholders.