Propshare Celestia has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
PropShare Celestia, third scheme of Property Share Investment Trust (SM REIT), held its Board meeting on May 29, 2026 and approved the audited standalone and consolidated financial statements for FY ended March 31, 2026. The financials cover the period December 12, 2025 to March 31, 2026 (first reporting period since listing). Total comprehensive loss was Rs. 1,646.98 (in hundreds), with negative net assets of Rs. 1,546.98 (in hundreds). Total assets stood at Rs. 1,59,441.26 (in hundreds). No revenue was generated during this period as the scheme is in early operational phase. The scheme listed on BSE on April 24, 2026. Key changes include resignation of Ms. Suhani Jain as Company Secretary (effective May 31, 2026) and appointment of Ms. Swathi V M (effective June 1, 2026). New statutory auditors (ASA & Associates LLP) and independent valuer (Kzen Valtech Private Limited) were approved for FY 2026-27, subject to unitholder approval.
The negative equity and losses reflect early-stage formation costs as the REIT just commenced operations post-listing. Shareholders should monitor for revenue generation from underlying SPVs. The SEBI show cause notice to the Trustee regarding other REIT matters presents regulatory risk to governance perception.