Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of Directors of K Raheja Corp Investment Managers (Manager to Mindspace REIT) approved the unaudited consolidated financial results for Q2 FY26 and H1 FY26 (quarter and half year ended September 30, 2025). Revenue from operations for Q2 FY26 rose to Rs. 7,720.69 million from Rs. 6,379.26 million in Q2 FY25, while profit for the quarter stood at Rs. 1,267.92 million versus Rs. 1,349.77 million in the year-ago quarter (slight YoY decline). H1 FY26 profit grew to Rs. 2,935.85 million from Rs. 2,726.81 million in H1 FY25. Net Asset Value was declared at Rs. 483.66 per unit, up from Rs. 431.70 at March 2025 and Rs. 392.56 at September 2024, a ~23% YoY increase. A distribution of Rs. 5.83 per unit (totalling Rs. 3,551.54 million) was declared for Q2 FY26, taking cumulative H1 FY26 distribution to Rs. 11.62 per unit (vs Rs. 10.19 in H1 FY25). Record date is November 8, 2025 and payment will be made on or before November 14, 2025. The Board also approved setting up captive solar power plants of up to 35 MW capacity in Maharashtra and Tamil Nadu, with a total investment cap of Rs. 1,500 million via a new or acquired PowerCo entity.
Strong NAV growth (~23% YoY) and a higher half-yearly distribution (Rs. 11.62 vs Rs. 10.19) are positive for unitholders, while a modest YoY dip in Q2 profit and the auditor's emphasis of matter regarding ongoing litigation on Paradigm (Malad) land are minor concerns. The solar power initiative signals a focus on reducing long-term energy costs and improving sustainability at the parks.