Property Share Investment Trust - Propshare Platina has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Propshare Platina (SM REIT scheme) board approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. A distribution of ₹22,017.61 per unit has been declared, totalling ₹74.00 million for the quarter, comprising ₹5,577.88 as interest and ₹16,439.73 as debt repayment. On a consolidated basis, revenue from operations for H1 FY26 stood at ₹153.40 million, yielding a profit after tax of ₹83.29 million. The fair value NAV improved to ₹11,18,125.56 per unit (from ₹11,03,540.35 at March 31, 2025). The statutory auditor issued an unqualified limited review report but flagged an Emphasis of Matter regarding a SEBI Show Cause Notice issued to Axis Trustee Services Limited (the Trustee) for alleged oversight lapses concerning the manager of another REIT, with the matter pending adjudication.
Quarterly distribution continues at healthy levels though slightly lower than the previous quarter's ₹76.69 million. The Emphasis of Matter highlights an unresolved regulatory issue at the trustee level rather than the scheme itself, but investors should monitor the SEBI adjudication outcome as it could affect governance perception and trustee-related compliance reputation.