Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT's Board, at its April 30, 2025 meeting, approved the audited condensed standalone and consolidated financial statements for Q4, H2, and FY ended March 31, 2025 with an unmodified auditor opinion from Deloitte Haskins & Sells LLP. The Board declared a distribution of Rs. 6.44 per unit totaling Rs. 3,923.14 million for Q4 FY25, bringing the cumulative FY25 distribution to Rs. 21.95 per unit. The Q4 distribution includes Rs. 2.77 dividend, Rs. 0.13 interest, Rs. 3.48 SPV loan repayment, and Rs. 0.06 other income per unit, with record date May 6, 2025 and payment on or before May 13, 2025. Mr. Ramesh Nair (formerly CEO & Country Head of JLL India) was appointed as CEO & Managing Director for 5 years. The Board also approved acquiring an office unit (~7,857 sq. ft.) in Commerzone Yerawada, Pune for Rs. 70 million through an SPV. NAV at fair value stood at Rs. 423.61 per unit as of March 31, 2025.
Positive for unitholders — steady quarterly distribution maintained at Rs. 6.44/unit with full-year payout of Rs. 21.95/unit reflects stable REIT operations. Leadership continuity with elevation of the existing CEO to MD provides governance stability, while the small bolt-on acquisition signals measured portfolio growth.