Propshare Titania SM REIT - IPO (Second Scheme Of The Property Share Investment Trust) has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of PropShare Titania's Investment Manager approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended Dec 31, 2025). Consolidated revenue from operations rose to Rs. 112.66 million from Rs. 74.10 million in the previous quarter (~52% growth), while profit after tax swung to Rs. 70.76 million from a loss of Rs. 5.65 million in Q2 FY26. The Board declared a distribution of Rs. 24,046.03 per unit, aggregating Rs. 107.29 million for the quarter – higher than the Rs. 15,159.46 per unit (Rs. 67.64 million) distributed for Q2 FY26. The distribution includes Rs. 12,530.16 per unit as interest and Rs. 11,515.87 per unit as debt repayment. The scheme was incorporated on Feb 21, 2025 and listed on BSE on Aug 4, 2025 after an IPO of Rs. 4,729.72 million. The filing also notes a SEBI show cause notice to the Trustee (Axis Trustee Services) relating to oversight of a different REIT's manager; the matter is pending and not specific to Titania.
Positive for unitholders – distribution per unit rose ~59% sequentially and profitability turned around sharply, signalling stronger operational performance. The disclosed SEBI show cause notice pertains to the Trustee's role with another REIT and does not directly impact Titania's financials, though it is worth tracking.