Property Share Investment Trust - Propshare Platina has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of PropShare Platina, the first scheme under Property Share Investment Trust (a REIT), approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Consolidated revenue from operations stood at ₹77.14 million for Q3 FY26, largely flat compared to ₹77.12 million in the previous quarter, with consolidated profit after tax of ₹141.80 million (boosted by a ₹84.24 million deferred tax credit) versus ₹41.59 million in Q2 FY26. The Board declared a distribution of ₹23,814.96 per unit, aggregating to ₹80.04 million for Q3 FY26, comprising ₹5,262.88 per unit as interest and ₹18,552.08 per unit as debt repayment. The auditor (ASA and Associates LLP) issued a Limited Review Report with an Emphasis of Matter paragraph, and disclosed that the Trustee (Axis Trustee Services) received a SEBI Show Cause Notice in May 2025 relating to oversight of a different REIT. Scheme-level operating cash flow remained marginally negative at ₹-0.23 million for the quarter.
Unitholders will receive a distribution of ~₹23,815 per unit for Q3 FY26, marginally higher than the ₹22,018 per unit distributed for Q2 FY26. The emphasis of matter and pending SEBI matter against the Trustee (though relating to another REIT) may warrant monitoring, though operating fundamentals at the scheme level remain stable.