Propshare Titania SM REIT - IPO (Second Scheme Of The Property Share Investment Trust) has informed the Exchange regarding Disclosure of material issue

PropShare Titania SM REIT has filed its quarterly statement confirming that the IPO proceeds of Rs. 4,729.72 million (approx. Rs. 473 crore), raised on August 4, 2025, were used entirely in line with the originally stated objectives with no material deviations. The funds were deployed across four buckets: Rs. 2,173.82 mn for acquiring the Titania SPV (slightly over the original Rs. 2,170 mn budget by Rs. 3.82 mn due to foreign exchange charges), Rs. 2,329.40 mn as a loan to the SPV to redeem its debentures, Rs. 196.50 mn for offer expenses, and Rs. 30 mn for general corporate purposes (Rs. 3.82 mn less than the original Rs. 33.82 mn allocation). The minor shift between the SPV acquisition bucket and the general corporate bucket was solely due to forex charges being capitalized and does not represent a change in use of funds.