BSEMindspace Business Parks REITLowNeutral
Announced Fri, 12 Dec · 14:21 IST

Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mindspace Business Parks REIT has issued a corrigendum to its Postal Ballot Notice dated November 28, 2025. The correction addresses a typographical error in the valuation report dated November 21, 2025 for 'Building 8 & 9, Raheja Woods, Kalyani Nagar, Pune'. On Page 32 of the valuation report, one row incorrectly stated that the 'Proposed transaction is not a related party transaction' when it should have read 'Proposed transaction is a related party transaction', which was correctly mentioned elsewhere in the same table. The independent valuer, Ms. L Anuradha, confirmed via an addendum letter dated December 11, 2025 that this was a typographical error. All other contents of the Postal Ballot Notice and its attachments remain unchanged, and e-voting is ongoing.

Likely market impact

This is a procedural correction clarifying that the proposed acquisition of the Pune property is indeed a related party transaction, which unitholders should factor into their voting decision. The substance and pricing of the resolutions under the Postal Ballot remain unchanged, so the immediate financial impact on the REIT or unit price is likely minimal.