Property Share Investment Trust - Propshare Platina has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q4 FY 2024-25
Awaiting price reaction for this filing.
PropShare Platina, a scheme of Property Share Investment Trust (an SM REIT), has submitted its quarterly and annual Corporate Governance Compliance Report to BSE for the period ended March 31, 2025. The REIT's board has 6 directors — 2 Non-Independent and 4 Independent (including 1 Woman Independent Director) — with no regular Chairperson appointed. All four mandatory committees (Audit, Nomination & Remuneration, Risk Management, and Stakeholders' Relationship) are in place and constituted per SEBI REIT Regulations. Three board meetings were held during Q4 FY25 (Jan-Mar 2025), with quorum met each time. The IPO Committee was dissolved on January 20, 2025, following the REIT's BSE listing on December 10, 2024. The REIT affirms full compliance with SEBI (REIT) Regulations, 2014 on board composition, committee composition, and meeting procedures.
This is a routine regulatory compliance filing with no financial or strategic impact. It confirms the REIT is meeting SEBI's governance requirements and is unlikely to move the unit price. Investors should note the REIT is relatively new (listed December 2024), so some annual compliance items like Compliance Certificate and Performance Evaluation are marked NA for this year and will apply from FY 2025-26.