Interim report
Page 1
Brookfield India Real Estate Trust August 10 , 2026 BSE Limited The Corporate Relations Department , 25th Floor , PJ Towers , Dalal Street Fort , Mumbai - 400 001 SCRIP CODE : 543261 SCRIP ID : BIRET National Stock Exchange of India Limited The Corporate Relations Department Exchange Plaza , 5th Floor , Plot no . C / 1 , G Block Bandra - Kurla Complex , Bandra ( E ) , NCD SCRIP CODE : 977393 NCD ISIN : INEOFDU07018 Mumbai 400 051 SYMBOL : BIRET Sub : Outcome of the meeting of the board of directors of Brookprop Management Services Private Limited , the Manager to Brookfield India Real Estate Trust , held on August 10 , 2026 - Financial Results Dear Sir / Ma'am , We wish to inform you that the Board of Directors of Brookprop Management Services Private Limited ( " Manager " ) , the manager to Brookfield India Real Estate Trust ( " Brookfield India REIT " ) , at its meeting held today i.e. , Monday , August 10 , 2026 , has inter - alia : 1. Approved the unaudited Standalone and Consolidated Financial Results of Brookfield India REIT for the quarter ended June 30 , 2026 , along with the limited review reports by the Statutory Auditors . 2. Declared distribution of 4,647.33 million / 5.60 per unit for the quarter ended June 30 , 2026 . The distribution comprises of ₹ 1,369.30 million / ₹ 1.65 per unit in the form of interest payment on shareholder loan , CCDs and NCDs , 2,215.78 million / 2.67 per unit in the form of repayment of SPV debt and NCDs , ₹₹ 771.79 million / 0.93 per unit in the form of dividend and the balance ₹ 290.46 million / 0.35 per unit in the form of interest on fixed deposit and gain on investment in mutual funds . We also wish to inform you that the record date for the proposed distribution to unitholders for the quarter ended June 30 , 2026 , will be Thursday , August 13 , 2026 , and the payment of distribution is proposed to be made on or before Thursday , August 20 , 2026 . In compliance with the circular no . 20230315-41 issued by BSE dated March 15 , 2023 , and circular no . NSE / CML / 2023 / 20 issued by NSE dated March 15 , 2023 , a copy of unaudited financial results , on standalone and consolidated basis of Brookfield8 ( 2 ) -4.00511 ( 0 ) -1.4938 -13.5055-6.733 , Man014 ( , ) 1 38.7734 0 T96 BROOKFIELD INDIA REAL ESTATE TRUST acting through its manager - BROOKPROP MANAGEMENT SERVICES PRIVATE LIMITED Registered Office of Manager : Godrej BKC , Office No.2 , 4th Floor , Plot C - 68 , 3rd Avenue , G - Block , Bandra Kurla Complex , Mumbai - 400051 Principal Place of Business 1st Floor , Asset No. 8 , Unit No. 101 , Worldmark - 2 , Hospitality District Aerocity , IGI Airport , New Delhi 110037 T : +91 11 4929 5555 ; 022-45832450 E : reit.compliance@brookfield.com ; reit.manager@brookfield.com SEBI registration No. - IN / REIT / 20-21 / 0004 Website of Brookfield India Real Estate Trust : https://www.brookfieldindiareit.in/ CIN : U74999MH2018FTC306865
Page 2
BROOKFIELD INDIA REAL EST A TE TRUST acting through its manager - BROOKPROP MANAGEMENT SERVICES PRIV A TE LIMITED Registered Office of Manager: Godrej BKC, Office No.2, 4th Floor, Plot C-68, 3rd Avenue, G-Block, Bandra Kurla Complex, Mumbai – 400051 Principal Place of Business 1st Floor, Asset No. 8, Unit No. 101, Worldmark-2, Hospitality District Aerocity, IGI Airport, New Delhi 110037 T: +91 11 4929 5555; 022-45832450 E: reit.compliance@brookfield.com; reit.manager@brookfield.com SEBI registration No. – IN/REIT/20-21/0004 Website of Brookfield India Real Estate Trust: https://www.brookfieldindiareit.in/ CIN: U74999MH2018FTC306865 The related party transactions for the period ended June 30, 2026, are set out in the unaudited standalone financial results (refer note no. 03 ) and unaudited consolidated financial results of Brookfield India REIT (refer note no. 11). The related party transactions on consolidated basis (unaudited) for the period ended June 30, 2026 of Rostrum Realty Private Limited (which is owned 50% by Brookfield India REIT) and its wholly owned subsidiaries, which are accounted for using the equity accounting method is also attached as Appendix III. A copy of the press release , investor presentation and other matters approved by the board of directors in their meeting held on August 10, 2026, will be filed separately. The documents referred above are also uploaded on our website at: https://www.brookfieldindiareit.in/investors/financial-information. Please take the above information on record. Thanking Y ou. Y ours Faithfully, For Brookprop Management Services Private Limited (as manager of Brookfield India Real Estate T rust) Saurabh Jain Company Secretary & Compliance Officer Cc: Axis T rustee Services Limited Axis House, P B Marg, Worli, Mumbai, Maharashtra, India, 400025 IDBI T rusteeship Service Limited (Debenture T rustee for the NCDs) Universal Insurance Building, Ground Floor, Sir P.M. Road, Fort, Mumbai – 400001
Page 3
Page 1 of 1 Chartered Accountants 7th Floor, Building 10 Tower B DLF Cyber City Complex DLF City Phase - II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR’S REPORT ON REVIEW OF STANDALONE UNAUDITED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF Brookprop Management Services Private Limited (the “Manager”) (Acting in capacity as the Manager of Brookfield India Real Estate Trust) 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Brookfield India Real Estate Trust (“the Trust”) for the quarter ended 30 June 2026 (“the Statement”), being submitted by the Manager pursuant to the requirement of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended (the “REIT Regulations”), and pursuant to the requirements of Regulations 52 and 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”). 2. This Statement, which is the responsibility of the Manager’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India, to the extent not inconsistent with REIT regulations, and the requirements of the REIT Regulations and the LODR Regulations, to the extent applicable. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (“ICAI”). This standard requires that we plan and perform the review to obtain moderate assurance as to wh ether the Statement is free of material mi sstatement. A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing (“SAs”), issued by the ICAI, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in acco rdance with recognition and measurement principles laid down in Ind AS 34 and other a ccounting principles generally accepted in India, to the extent not inconsistent with REIT regulations, has not disclosed the information required to be disclosed in terms of the REIT Regulations and the LODR Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 5 of the Statement, which descr ibes the presentation/classification of “Unit Capital” as “Equity” to comply with the REIT Regulations, instead of the applicable requirements of Ind AS 32 - Financial Instruments: Presentation. Our conclusion is not modified in respect of this matter. For Deloitte H askins & Sells Chartered Accountants (Firm’s Registrati on No. 015125N) A nup Kumar Sharma Partner (Membership No. 063828) (UDIN: 26063828IEHMRH9016) Place: Mumbai Date: 10 August 2026 Anup Kumar Sharma Digitally signed by Anup Kumar Sharma Date: 2026.08.10 19:36:17 +05'30' APPENDIX I
Page 4
Brookfield India Real Estate Trust Standalone Financial Results (All amounts are in Rupees millions unless otherwise stated) Statement of Standalone Financial Results Particulars Note For the quarter ended 30 June 2026 (Unaudited) For the quarter ended 31 March 2026 (Unaudited) For the quarter ended 30 June 2025 (Unaudited) For the year ended 31 March 2026 (Audited) Income Dividend from SPVs/ JV Dividend 813.17 786.49 370.85 2,166.03 Interest Income 1,657.38 -Interest from SPVs/ JV 1,377.03 1,400.21 1,642.67 6,216.15 - Interest on fixed deposits 37.61 34.62 14.71 324.63 Other income 1 271.88 476.22 - 1,181.67 Total income 2,499.69 2,697.54 2,028.23 9,888.48 Expenses Investment management fees 52.31 53.86 36.35 176.78 Finance costs 20 694.72 678.06 117.57 1,106.57 Other expenses 2 44.16 36.63 27.18 140.76 Total expenses 791.19 768.55 181.10 1,424.11 Profit before tax 1,708.50 1,928.99 1,847.13 8,464.37 Tax expense: 22 Current tax - for current period 132.29 15.75 6.29 139.71 Deferred tax (credit)/charge Deferred tax charge/ (credit) (289.64) 70.43 - 175.90 Tax expense for the period/ year (157.35) 86.18 6.29 315.61 Profit for the period/ year after tax 1,865.85 1,842.81 1,840.84 8,148.76 Other comprehensive income Items that will not be reclassified to profit or loss - - - - - - - - Other comprehensive income for the period/ year, net of tax - - - - Total comprehensive income for the period/ year 1,865.85 1,842.81 1,840.84 8,148.76 Earnings per unit 7 Basic (in INR) 7 2.30 2.46 3.03 12.35 Diluted (in INR) 2.30 2.46 3.03 12.35 - Remeasurement of defined benefit obligations - Income tax related to items that will not be reclassified to profit or loss The accompanying notes 1 to 17 form an integral part of these Standalone Financial Results
Page 5
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99Computation of Net Distributable Cash Flow at Trust level: For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) (143.63) (121.97) (101.34) (462.26) 4,770.27 5,108.69 3,379.04 16,093.89 297.34 59.56 16.04 330.07 - - - - - - - - - - - - - - - - - - - - - (494.23) (483.24) (119.08)(894.75) - - - - - - - - - - - - 4,429.75 4,563.04 3,174.66 15,066.95 Surplus cash available in REIT used for distribution of NDCF:10% of NDCF withheld in line with the Regulations in previous period - - 16.04 88.97 217.58 1.30 - 8.98 4,647.33 4,564.34 3,190.70 15,164.90 Notes:The accompanying notes 1 to 17 form an integral part of these Standalone Financial Results2. Pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025, the Trust has considered distribution of Rs. 3,599.26 millions received subsequent to quarter ended 30 June 2026 but before the adoption of the Standalone FinancialResultsby the Board of Directors of the Manager to the Trust in the calculation of Net Distributable Cash Flow.1. The Board of Directors of the Manager to the Trust, in their meeting held on 10 August 2026, has declared distribution to Unitholders of Rs. 5.60 per unit which aggregates to Rs. 4,647.33 million for the quarter ended 30 June 2026. The distributions of Rs. 5.60 perunitcomprises Rs. 1.65 per unit in the form of interest payment on shareholder loan, CCDs and NCDs, Rs. 2.67 per unit in the form of repayment of SPV debt and NCD, Rs. 0.93 per unit in the form of dividend and the balance Rs. 0.35 per unit in the form of interest onfixeddeposit and gain on investment in mutual funds.3. Finance cost excludes the notional cost on deferred consideration Rs. 200.44 million, Rs. 194.44 million and Rs. 211.55 million for the quarter ended 30 June 2026, 31 March 2026 and year ended 31 March 2026 respectively.* Surplus cash includes amounts available for distribution as certain expenses relating to institutional placement amounting to Rs. 3.03 million, Rs. 1.30 million and Rs. 8.98 million for the quarter ended 30 June 2026, 31 March 2026 and year ended 31 March2026respectively, are included in the cash outflows from operating activities of the Trust, further it includes Rs. 214.55 million towards trust level expenses (including portion of finance cost) met out of the unutilised QIP funds for the quarter ended 30 June 2026.(-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i). loan agreemententeredwith financial institution, or (ii). terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or anyofits SPVs/ HoldCos, or (iii). terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed bytheTrust or any of its SPVs/ HoldCos, (iv). agreement pursuant to which the Trust operates or owns the real estate asset, or generates revenueorcashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, andanyother agreement of a like nature, by whatever name called); or (v). statutory, judicial, regulatory, or governmental stipulations; or(-) any capital expenditure on existing assets owned / leased by the REIT, to the extent not funded by debt / equity or from contractualreservescreated in the earlier yearsNDCF at Trust Level Surplus cash available (excluding surplus cash from debt raised)*NDCF including surplus cash at Trust Level (-) Debt repayment at Trust level (to include principal repayments as per scheduledexcept if refinanced through new debtincludingoverdraft facilities and to exclude any debt repayments / debt refinanced through new debt in any form or funds raised through issuance of units)Particulars Cashflows from operating activities of the Trust (+) Cash flows received from/ Investment entities which represent distributions of NDCF computed as per relevant framework (refer note2below)(+) Treasury income / income from investing activities of the Trust (interest income received from FD, any investment entities as definedinRegulation 18(5), tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividendincomeetc., excluding any Ind AS adjustments. Further clarified that these amounts will be considered on a cash receipt basis)(+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs/Holdcos or Investment Entity adjusted for the following Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of theREITRegulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs/ Hold cos or Investment Entity notdistributedpursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REITRegulations,if such proceeds are not intended to be invested subsequently.(-) Finance cost on Borrowings as per Profit and Loss Account, excluding amortization of any transaction costs which have already been deducted while computing NDCF of previous period when such transaction costs were paid. (refer note 3)
Page 6
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results Particulars For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) 1 Other income Gain on investment in mutual funds 271.88 2.23 - 2.23 Miscellaneous incomeGain on investment in debentures recognised at fair value through profit or loss - 471.05 - 1,176.50 Liabilities/Provisions no longer required written back - 2.94 - 2.94 271.88 476.22 - 1,181.67 2 Other expenses Marketing and advertisement expenses3.27 7.97 15.39 45.46 Valuation expenses2.82 4.51 2.23 15.12 Audit fees 4.14 9.62 3.45 23.26 Trustee fees 1.29 1.28 0.74 5.19 Legal and professional expense 25.05 11.38 3.28 42.20 Membership & subscription fees 4.43 - 2.04 6.17 Miscellaneous expenses 3.16 1.87 0.05 3.36 44.16 36.63 27.18 140.76
Page 7
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results3Related Party DisclosuresA.Sponsor groupd) Project Diamond Holdings (DIFC) Limited (Project Diamond)Entity having significant influenceBrookfield Corporation (formerly known as Brookfield Asset Management Inc.) (w.e.f. 19 March 2025)Group companies of entity having significant influenceBrookprop Property Management Services Private LimitedBSREP III New York FDI I (DIFC) LimitedArliga Ecoworld Infrastucture Private LimitedOther related parties with whom the transactions have taken place during the period/ year:Directors & Key personnel of the Investment Manager (Brookprop Management Services Private Limited)DirectorsKey PersonnelsSubsidiaries (SPVs) (w.e.f. 08 February 2021)Candor Kolkata One Hi-Tech Structures Private Limited Festus Properties Private Limited Shantiniketan Properties Private Limited Candor India Office Parks Private Limited Subsidiary (SPVs) (w.e.f. 24 January 2022)Seaview Developers Private LimitedSubsidiary (SPVs) (w.e.f. 18 August 2023)Candor Gurgaon One Realty Projects Private LimitedSubsidiary (SPVs) (w.e.f. 28 August 2023)Kairos Properties Private LimitedJoint venture (JV) (w.e.f. 21 June 2024)Rostrum Realty Private LimitedSubsidiary (SPVs) (w.e.f. 07 January 2025)Mountainstar India Office Parks Private LimitedSubsidiary (SPVs) (w.e.f. 24 December 2025)Arliga Ecoworld Business Parks Private LimitedAlok Aggarwal - Chief Executive Officer and Managing Director- India office businesstill30 June, 2026Shashank Jain - Chief Executive Officer and Managing Director (w.e.f. 01 July 2026)Akila Krishnakumar (Independent Director)Shailesh Vishnubhai Haribhakti (Independent Director)Ankur Gupta (Non-Executive Director)Rajnish Kumar (Independent Director) (w.e.f. 30 March 2023)Keki Mistri (Independent Director) (w.e.f. 23 June 2025)Rachit Kothari (Non-Executive Director) (w.e.f. 23 June 2025)Ananya Tripathi (Non-Executive Director w.e.f 25 June 2026)Thomas Jan Sucharda (Non-Executive Director) (w.e.f. 30 March 2023 and till 25June2026)Axis Bank Limited - Promoter of TrusteeAlok Aggarwal - Chief Executive Officer and Managing Director (w.e.f. 26 September 2020 till 30 June 2026)Shashank Jain - Chief Executive Officer and Managing Director (w.e.f. 01 July 2026)Amit Jain - Chief Financial Officer - India office business (w.e.f. 09 May 2024 till 10 July 2026) and Key Personnel (w.e.f 07 January 2025 till 10 July 2026)Ankit Gupta- President - India office business (w.e.f. 09 May 2024 till 08 May 2025)Saurabh Jain- Compliance OfficerHead of FinanceSaket Mehta (w.e.f. 11 July 2026) Related parties to Brookfield India REIT as at 30 June 2026c) BSREP India Office Holdings Pte. Ltd. (BSREP India Holdings) (till 18 June 2025)BSREP India Office Holdings V Pte. Ltd. - SponsorBrookprop Management Services Private Limited - Investment Manager or ManagerAxis Trustee Services Limited - Trusteea) BSREP II India Office Holdings II Pte. Ltd. (BSREP II India)b) BSREP India Office Holdings III Pte Ltd. (BSREP India Office III)
Page 8
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results3 B. Related party transactions:Nature of transaction/ Entity's Name For the quarter ended30 June 2026(Unaudited) For the quarter ended31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended31 March 2026(Audited) Unsecured loan given to - Candor Kolkata One Hi-Tech Structures Private Limited 23.06 70.00 - 325.00 - Festus Properties Private Limited - 263.62 20.00 2,540.32 - Shantiniketan Properties Private Limited 20.00 - 40.00 50.00 - Seaview Developers Private Limited63.15 48.00 80.00 17,865.30 - Candor India Office Parks Private Limited 26.50 - - 30.00 - Arliga Ecoworld Business Parks Private Limited- 3,570.70 - 3,570.70 - Rostrum Realty Private Limited3,990.00 - - - Total 4,122.71 3,952.32 140.00 24,381.32 Unsecured loan repaid by- Candor Kolkata One Hi-Tech Structures Private Limited 264.62 530.74 463.00 1,902.12 - Festus Properties Private Limited 2.45 277.69 394.62 3,345.65 - Shantiniketan Properties Private Limited 255.02 244.67 256.49 918.64 - Seaview Developers Private Limited232.18 0.17 291.67 18,466.55 - Mountainstar India Office Parks Private Limited 19.43 39.00 49.00 122.00 - Candor India Office Parks Private Limited 10.01 - - - - Arliga Ecoworld Business Parks Private Limited29.71 975.46 - 975.46 Total 813.42 2,067.73 1,454.78 25,730.42 Investment in Equity shares of SPV- Seaview Developers Private Limited2,400.04 - - - - Arliga Ecoworld Business Parks Private Limited- - - 70,063.02 Total 2,400.04 - - 70,063.02 Non convertible debentures issued by- Kairos Properties Private Limited - - - 1,000.00 - Candor Gurgaon One Realty Projects Private Limited- - - 1,000.00 Total - - - 2,000.00 Non convertible debentures redeemed by- Kairos Properties Private Limited 337.00 465.00 254.00 2,206.50 - Candor Gurgaon One Realty Projects Private Limited246.50 92.00 10.00 1,277.50 Total 583.50 557.00 264.00 3,484.00 Conversion of investment in debentures into investment in equity shares- Kairos Properties Private Limited 2,275.59 - - - - Seaview Developers Private Limited7,113.40 - - - Total 9,388.99 - - - Trustee Fee Expense - Axis Trustee Services Limited 1.29 1.28 0.74 5.19 Total 1.29 1.28 0.74 5.19 Interest Income on Loans to Subsidiaries- Candor Kolkata One Hi-Tech Structures Private Limited 313.21 315.81 345.48 1,331.86 - Festus Properties Private Limited 322.19 319.74 363.43 1,404.98 - Shantiniketan Properties Private Limited 14.61 19.87 33.59 108.33 - Mountainstar India Office Parks Private Limited 9.80 10.21 12.33 45.59 - Seaview Developers Private Limited341.08 344.88 514.32 1,876.58 - Candor India Office Parks Private Limited 0.94 0.79 - 1.34 - Arliga Ecoworld Business Parks Private Limited59.39 65.66 - 65.66 - Rostrum Realty Private Limited4.76 - - - Total 1,065.98 1,076.96 1,269.15 4,834.34 Interest Income on Debentures- Seaview Developers Private Limited19.60 19.53 19.54 78.15 - Candor Gurgaon One Realty Projects Private Limited19.23 19.15 19.18 76.65 - Kairos Properties Private Limited 102.52 101.07 102.28 410.12 Total 141.35 139.75 141.00 564.92 Interest Income on Non convertible debentures- Candor Gurgaon One Realty Projects Private Limited132.61 136.16 151.47 567.08 - Kairos Properties Private Limited 37.09 47.37 81.06 249.81 Total 169.70 183.53 232.53 816.89 Investment management fees- Brookprop Management Services Private Limited52.31 53.86 36.35 176.78 Total 52.31 53.86 36.35 176.78
Page 9
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results3 B. Related party transactions:Nature of transaction/ Entity's Name For the quarter ended30 June 2026(Unaudited) For the quarter ended31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended31 March 2026(Audited) Dividend Income- Rostrum Realty Private Limited405.35 382.36 282.50 1,486.07 - Candor India Office Parks Private Limited 36.00 26.00 38.00 122.00 - Shantiniketan Properties Private Limited 86.32 77.69 50.35 257.52 - Candor Kolkata One Hi-Tech Structures Private Limited - 97.53 - 97.53 - Arliga Ecoworld Business Parks Private Limited285.50 202.91 - 202.91 Total 813.17 786.49 370.85 2,166.03 Repayment of Unit Capital- BSREP India Office Holdings V Pte. Ltd.44.40 39.00 146.12 263.72 - BSREP India Office Holdings Pte. Ltd.- - 69.56 69.56 - BSREP II India Office Holdings II Pte. Ltd. 93.16 81.83 84.98 331.74 - BSREP India Office Holdings III Pte. Ltd. 300.76 264.18 99.16 895.78 - Project Diamond Holdings (DIFC) Limited 37.58 33.01 34.28 133.82 Total 475.90 418.02 434.10 1,694.62 Interest Distributed- BSREP India Office Holdings V Pte. Ltd.24.00 23.85 106.61 186.56 - BSREP India Office Holdings Pte. Ltd.- - 50.75 50.75 - BSREP II India Office Holdings II Pte. Ltd.50.36 50.04 62.00 229.76 - BSREP India Office Holdings III Pte. Ltd.162.57 161.56 72.35 613.93 - Project Diamond Holdings (DIFC) Limited 20.31 20.19 25.01 92.69 Total 257.24 255.64 316.72 1,173.69 Other Income Distributed- BSREP India Office Holdings V Pte. Ltd.0.90 4.05 2.16 7.11 - BSREP India Office Holdings Pte Ltd.- - 1.03 1.03 - BSREP II India Office Holdings II Pte. Ltd. 1.89 8.50 1.26 11.65 - BSREP India Office Holdings III Pte. Ltd.6.10 27.43 1.47 35.00 - Project Diamond Holdings (DIFC) Limited 0.76 3.43 0.51 4.70 Total 9.65 43.41 6.43 59.49 Dividend Distributed- BSREP India Office Holdings V Pte. Ltd.13.20 14.10 29.22 65.22 - BSREP India Office Holdings Pte Ltd.- - 13.91 13.91 - BSREP II India Office Holdings II Pte. Ltd.27.70 29.59 17.00 92.53 - BSREP India Office Holdings III Pte. Ltd.89.42 95.51 19.83 263.68 - Project Diamond Holdings (DIFC) Limited 11.17 11.93 6.86 37.33 Total 141.49 151.13 86.82 472.67 Reimbursement of expense incurred by (excluding GST)- Brookprop Property Management Services Private Limited0.23 (0.14) 0.07 0.05 - BSREP India Office Holdings V Pte. Ltd.14.13 (0.76) - 13.48 - Brookprop Management Services Private Limited3.00 - - 3.00 - Arliga Ecoworld Infrastucture Private Limited- - - 20.00 Total 17.36 (0.90) 0.07 36.53 Deposits with banks made- Axis Bank Limited7,094.50 6,800.00 4,437.00 100,516.27 Total 7,094.50 6,800.00 4,437.00 100,516.27 Deposits with banks matured- Axis Bank Limited 8,152.00 20,440.00 4,144.00 99,903.27 Total 8,152.00 20,440.00 4,144.00 99,903.27 Interest income on deposits with banks- Axis Bank Limited10.19 29.98 9.26 302.54 Total 10.19 29.98 9.26 302.54 Credit facilitation fee- Shantiniketan Properties Private Limited 4.15 3.61 3.06 13.89 - Seaview Developers Private Limited4.41 4.48 - 4.92 Total 8.56 8.09 3.06 18.81
Page 10
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial ResultsOutstanding balances As at 30 June 2026(Unaudited) As at 31 March 2026(Audited) Unsecured loans receivable (Non- Current)- Candor Kolkata One Hi-Tech Structures Private Limited 9,799.65 10,041.20 - Festus Properties Private Limited 12,455.30 12,457.75 - Shantiniketan Properties Private Limited 610.50 845.51 - Mountainstar India Office Parks Private Limited 358.57 378.00 - Seaview Developers Private Limited17,558.81 17,727.83 - Candor India Office Parks Private Limited 46.49 30.00 - Arliga Ecoworld Business Parks Private Limited2,565.53 2,595.25 - Rostrum Realty Private Limited3,990.00 - Total 47,384.85 44,075.54 Investment in equity shares of SPV/Joint Venture- Candor Kolkata One Hi-Tech Structures Private Limited 24,761.39 24,761.39 - Festus Properties Private Limited 8,655.46 8,655.46 - Shantiniketan Properties Private Limited 11,407.83 11,407.83 - Candor India Office Parks Private Limited 220.20 220.20 - Seaview Developers Private Limited23,995.64 14,482.20 - Candor Gurgaon One Realty Projects Private Limited3,746.66 3,746.66 - Kairos Properties Private Limited 14,307.39 12,031.80 - Rostrum Realty Private Limited12,322.59 12,322.59 - Mountainstar India Office Parks Private Limited 1,004.00 1,004.00 - Arliga Ecoworld Business Parks Private Limited70,063.02 70,063.02 Total 170,484.18 158,695.15 Investment in Debentures - Seaview Developers Private Limited- 7,113.40 - Candor Gurgaon One Realty Projects Private Limited6,286.95 6,286.95 - Kairos Properties Private Limited 1,225.32 3,500.90 Total 7,512.27 16,901.25 Investment in Non convertible debentures- Candor Gurgaon One Realty Projects Private Limited4,257.00 4,503.50 - Kairos Properties Private Limited 1,191.50 1,528.50 Total 5,448.50 6,032.00 Interest accrued but not due on Debentures- Kairos Properties Private Limited - 101.07 - Candor Gurgaon One Realty Projects Private Limited19.23 19.15 - Seaview Developers Private Limited- 19.53 Total 19.23 139.75 Interest accrued but not due on Non convertible debentures- Kairos Properties Private Limited 37.09 47.36 - Candor Gurgaon One Realty Projects Private Limited132.61 136.16 Total 169.70 183.52
Page 11
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial ResultsOutstanding balances As at 30 June 2026(Unaudited) As at 31 March 2026(Audited) Interest accrued but not due on Loan to Subsidiaries/JV- Candor Kolkata One Hi-Tech Structures Private Limited 737.55 702.58 - Festus Properties Private Limited 528.92 807.21 - Shantiniketan Properties Private Limited 3.04 6.23 - Mountainstar India Office Parks Private Limited 16.22 10.21 - Seaview Developers Private Limited340.29 440.49 - Candor India Office Parks Private Limited 0.93 0.79 - Arliga Ecoworld Business Parks Private Limited59.38 65.64 - Rostrum Realty Private Limited4.76 - Total 1,691.09 2,033.15 Prepaid expenses - Brookprop Property Management Services Private Limited- 0.06 - Axis Trustee Services Limited 3.90 - Total 3.90 0.06 Trade Payables (net of withholding tax)- Brookprop Management Services Private Limited 47.87 49.20 - Brookprop Property Management Services Private Limited 0.69 0.42 Total 48.56 49.62 Other Payables (net of withholding tax)- BSREP India Office Holdings V Pte. Ltd.15.26 - - Shantiniketan Properties Private Limited 4.08 3.54 - Seaview Developers Private Limited4.34 4.84 Total 23.68 8.80 Deferred consideration payable- BSREP III New York FDI I (DIFC) Limited10,422.59 10,222.15 Total 10,422.59 10,222.15 Balance with banks (in current account)- Axis Bank Limited8.34 2.10 Total 8.34 2.10 Balance with banks (in deposit account)-Cash and cash equivalents- Axis Bank Limited1,327.50 2,385.00 Total 1,327.50 2,385.00 Interest accrued but not due on deposits with banks- Axis Bank Limited3.65 1.09 Total 3.65 1.09
Page 12
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results456 Segment reporting7 Earnings Per Unit (EPU)Particulars For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) 1,865.85 1,842.81 1,840.84 8,148.76 811,305,018 749,385,513 607,752,448 659,961,905 -Basic (Rs./unit) 2.30 2.46 3.03 12.35 -Diluted (Rs./unit) 2.30 2.46 3.03 12.35 Basic Earnings per unit (EPU) is calculated by dividing the profit after income tax for the period / year attributable to unitholders by the weightedaveragenumber of units outstanding during the period / year. Diluted EPU is calculated by dividing the profit for the period / year after income tax attributabletounitholders by the weighted average number of units outstanding during period / year adjusted for the weighted average number of units that would beissuedupon conversion of all the dilutive potential units into unit capital. During all the periods presented, there were no dilutive units issued. The following reflectstheprofit and unit data used in the basic and diluted EPU Computation:Profit after tax for calculating basic and diluted EPUWeighted average number of Units (Nos.)Earnings Per Unit The Standalone Financial Results are authorized for issue in accordance with resolution passed by the Board of Directors of the Manager on behalf oftheBrookfield India REIT on 10 August 2026. The Standalone Financial Results have been prepared in accordance with the requirements of SEBI (RealEstateInvestment Trusts) Regulations, 2014, as amended from time to time including any guidelines and circulars issued there under read with SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Regulations 52 and 54 of Securities and Exchange Board of India(ListingObligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), Recognition and Measurement Principles of IndianAccountingStandard (Ind AS-34)Financial(Ind AS- 34) as defined in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015read with relevant rules issued thereunder and other accounting principles generally accepted in India, to the extent not inconsistent with the REITRegulations (refer note 5 on presentation ofasinstead of compound financial instruments under Ind AS 32FinancialInstruments:Presentation).Accordingly, these Standalone Financial Results do not include all the information required for a complete set of financial statements. TheseStandaloneFinancial Results should be read in conjunction with the Standalone financial statements and related notes included in theaudited Standalonefinancialstatements under Ind AS as at and for the year ended 31 March 2026. Accounting policies have been consistently applied except where a newlyissuedaccounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.The Standalone Financial Results are presented in Indian Rupees in Millions, except when otherwise indicated.The Unaudited Standalone financial results for the quarter ended 30 June 2026 have been subjected to review by Statutory Auditors of Brookfield REIT andtheyhave issued an unmodified review conclusion on the above results.Under the provisions of the REIT Regulations, Brookfield India REIT is required to distribute to Unitholders not less than 90% of the Net DistributableCashFlows of Brookfield India REIT for each reporting period. Accordingly, a portion of the unit capital contains a contractual obligation of the BrookfieldIndiaREIT to pay to its Unitholders cash distributions. Hence, the unit capital is a compound financial instrument which contain both equity and liabilitycomponentsin accordance with Ind AS 32 - Financial Instruments: Presentation. However, in accordance with SEBI Master circular no.SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 issued under the REIT Regulations, the unit capital has been classified and presented asin order to complywiththe requirements of para 4.2.3(a) of Chapter 4 to the SEBI Master Circular dealing with the Continuous Disclosures and Compliances by REITs.The Trust does not have any operating segments as at 30 June 2026, 31 March 2026 and 30 June 2025. Hence disclosure under "Ind AS 108",Operatingsegments has not been provided in the Standalone Financial Results.
Page 13
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results8 For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) 1.83 2.80 2.79 2.80 0.13 0.14 0.05 0.14 3.69 3.72 16.66 8.36 3.69 3.72 16.66 8.36 NA NA NA NA NA NA NA NA 215,170.77 192,431.62 152,794.15 192,431.62 1,865.85 1,842.81 1,840.84 8,148.76 2.30 2.46 3.03 12.35 2.30 2.46 3.03 12.35 2.52 8.37 1.91 8.37 NA NA NA NA 0.32 0.04 0.22 0.04 0.11 0.12 0.04 0.12 NA NA NA NA NA NA NA NA 5.60 5.50 5.25 21.40 74.64% 68.31% 90.76% 82.41% NA NA NA NANotea)b)c)d)e)f)g)h)i)j)k)l)m)n)o)Numerator Current Assets Total Debt Earnings available for debt service ( profit after tax + Finance costs) Denominator Finance costs + Principal repayments made during the period which excludes bullet and principal schedule repayment of external borrowings Total Equity Current Liabilities Financial Ratios Current ratioDebt Equity ratioDebt Service Coverage ratio Earnings available for debt service ( profit after tax + Finance costs) Long term debt ( including non current lease liabilities) Current Liabilities Total Liabilities Working Capital (Current Assets- Current Liabilities) Finance cost Total number of units Total assets Interest Service Coverage ratioLong term debt to working capital ratioCurrent Liability RatioTotal debts to total assetsDistribution per unitNet profit margin percentageThere are no outstanding redeemable preference shares at the reporting date.The Trust is not required to create capital redemption reserve or debenture redemption reserve at the reporting date. Bad debts to account receivable ratio is not applicable as the trust does not have any trade receivable at the reporting date.Debtors turnover ratio is not applicable as the Trust does not have any trade receivables at the reporting date.Inventory turnover ratio is not applicable as the Trust does not hold any inventory.Brookfield India REIT's income is earned from its investment in assets SPVs and classified as income from investmenting activity and therefore, operating margin percentage is not applicable and not disclosed Financial Ratios Capital redemption reserve/debenture redemption reserve (refer note f)Net worth (Amounts in Rs. millions)Net profit after tax (Amounts in Rs. millions)Interest service coverage ratio (in times) (refer note d)Outstanding redeemable preference shares (quantity and value) (refer note e)Operating margin (in %) (refer note o)Net profit margin (in %) (refer note n)Distribution per unit (refer note m)Debt service coverage ratio (in times) (refer note c)Debt-equity ratio (in times) (refer note b)Earnings per unit- Basic (Amounts in Rs.)Earnings per unit- Diluted (Amounts in Rs.)Total debts to total assets (in times) (refer note j)Debtors turnover (in times) (refer note k)Inventory turnover (in times) (refer note l)Long term debt to working capital (in times) (refer note g)Bad debts to Account receivable ratio (refer note h)Current liability ratio (in times) (refer note i) Total Debts Distribution declared during the period Profit after tax Total Income Current ratio (in times) (refer note a)
Page 14
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results9 20,000.00 101112 (i) a first ranking sole and exclusive charge by way of hypothecation over all the rights, title, benefit and interest of the Asset SPV (SDPL Noida) in respect of the Hypothecated Properties;Debt at Face ValueAs at 30 June 2026Security(ii) a first ranking sole and exclusive pledge over the Pledged Shares by way of a pledge of SPV (SDPL Noida), each, in favour of the Debenture Trustee for the benefit of the Debenture Holders. (iii) first ranking sole and exclusive charge by way of equitable mortgage over all the rights, title, benefit and interest of the Asset SPV (SDPL Noida) in respect of the Mortgaged Properties*The security cover on the Listed NCDs exceeds hundred and fifty percent of the principal amounts of the said NCDs, determined as per the terms set out under Debenture Trust Deed.*First ranking sole and exclusive charge by way of mortgage has been created on 13 May 2026 as per the terms set out under Debenture Trust Deed.Disclosure required as per Paragraph 4.18.1 of SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 andRegulation54(2) of SEBI (LODR) Regulations 2015 relating to Secured, Listed Non-Convertible Debentures :On 22 December 2025, Brookfield India REIT has issued and allotted 2,00,000 Sustainability Linked, Listed, Rated, Secured, Redeemable, Transferable,Non-Cumulative, Non-Convertible Debenturesat a face value of Rs. 1,00,000 each at 7.06% p.a., aggregating to Rs. 20,000.00 million withfinalredemption date as 20 December 2030. The net amount raised against issuance of these NCDs is Rs. 19,969.20 million which is after a discount of Rs.30.80million. Discount on NCDs is amortized over the tenure of the underlying instrument. These NCDs are listed on BSE on 23 December 2025.2,00,000 (two lakhs) Sustainability - Linked Bonds in the form of listed, rated, secured, transferable, redeemable, non-cumulative non-convertible debentures in the denomination of INR 1,00,000 (Indian Rupees one lakh only) each and which are non-convertible at all times comprising the debentures in the aggregate principal amount up to INR 20,000,000,000 (Indian Rupees two thousand crore only)Name of debt (NCD)a related party, BSREP III New York FDI I (DIFC) Limited, a group company of Brookfield Corporation. Arliga Ecoworld is engaged in the businessofconstructing and leasing investment properties located in Bengaluru.The total cash consideration for the acquisition comprised: (i) an upfront consideration of Rs. 60,000.00 million, (ii) deferred consideration of Rs.11,250.00million, payable on or before 18 months from the acquisition date, and (iii) variable consideration, payable subject to conditions specified in the sharepurchaseagreement, capped at Rs. 2,000.00 million.The total consideration for the asset acquisition is Rs. 70,063.02 million comprising of Rs. 60,000.00 million as upfront consideration, Rs. 10,010.60 millionaspresent value of deferred consideration and Rs. 52.42 million as transaction cost. The variable consideration (if any) will be recognised as an addition totheinvestment properties upon satisfaction of the specified conditions precedent as outlined in the share purchase agreement.The Board of the Manager and the Unitholders approved, on 12 March 2026 and 07 April 2026, respectively, an investment by 360 ONE Real AssetsAdvantageFund (a scheme of 360 One Private Equity Fund), through itself and/or one or more of its affiliates ("Investor"), aggregating to Rs. 11,250 million (roundedoff)(together with a future commitment of up to Rs. 250 million) ("Investment").Pursuant to the aforesaid approvals, on 20 April 2026, Arliga Ecoworld allotted 110,584 equity shares aggregating to Rs. 10,865.50 million and 3,845non-convertible debentures aggregating to Rs. 384.50 million to the Investor, resulting in the Investor (together with its affiliates) holding 13.034% of theequityshare capital of Arliga Ecoworld. The investment was undertaken in accordance with the Securities Subscription and Shareholders' Agreement ("SSSHA")andthe Debenture Subscription Agreement ("DSA") (collectively, the "Transaction Agreements") dated 12 March 2026 entered into among Brookfield IndiaREIT,Arliga Ecoworld and the Investor. Under the terms of the Transaction Agreements, the Investor is granted a structured exit option exercisable within 30 days from the publication ofquarterlyfinancial results for the quarters between 31 March 2028, and 30 September 2031, through semi-annual windows. Upon the Investor exercising its exitright,Brookfield India REIT may offer the Investor an exit option by way of a swap of units of Brookfield India REIT, or such other exit route as mutuallyagreedbetween Brookfield India REIT and the Investor, along with mandatory settlement of theNCDs alongside and proportionate to the equity exit.Further,Brookfield India REIT is granted a call option exercisable within 30 days from the publication of quarterly financial results for the quarters 31 March 2032 or30September 2032. Upon exercising its call option, Brookfield India REIT may offer the Investor an exit by way of a swap of units of Brookfield India REIT,orsuch other exit route as Brookfield India REIT may decide along with mandatory settlement of theNCDs. In each of the above cases, the numberofunits in the swap will be determined based on an agreed NAV linked valuation mechanisms.The management evaluated the implications of the aforementioned rights with the Investor and Brookfield India REIT for the purposes of theseStandaloneFinancial Results for the quarter ended 30 June 2026 and has concluded that there is no material impact on account of such rights on these StandaloneFinancialResults for the quarter ended 30 June 2026.The Issue Committee of the Board of Directors of Brookprop Management Services Private Limited, the Manager of Brookfield India REITthrough a circular resolution passed on 22 April 2026 has approved the allotment of 80,495,356 units of Brookfield India REITto successfuleligibleinstitutional investors, at the issue price of Rs. 323.00 per Unit, which includes a discount of Rs. 6.94 per Unit (i.e. 2.10%) on the floor price of Rs. 329.94perUnit, raising an aggregate amount of Rs. 26,000 million, these units got listed on NSE and BSE on 22 April 2026.
Page 15
Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results1314151617For and on behalf of the Board of Directors ofBrookprop Management Services Private Limited(as Manager to the Brookfield India REIT)Shashank Jain Saket MehtaCEO and Managing Director Head of FinanceDIN No. 11631926 Place: MumbaiPlace: Mumbai Date: 10 August 2026Date: 10 August 2026Subsequent events:Subsequent to the quarter ended 30 June 2026, the Board of our Manager on 10 August 2026 has approved to acquire a 50%effective stake (on a fully dilutedbasis) in Parthos Properties Private LimitedSPVorby Brookfield India REIT (directly orthrough the Target Holdco) from ProjectDiamond Holdings (DIFC) Limited and Project Cotton Holdings One (DIFC) Limited subject to applicable law, and such other terms and conditions as maybemutually agreed among the parties to the transaction and applicable regulatory approvals and as set out in securities purchase agreement dated 10 August 2026.The figures for the quarter ended 31 March 2026 are the derived figures between the audited figures in respect of the year ended 31 March 2026and theunaudited published year-to-date figures upto period ended 31 December 2025 which were subject to limited review."0.00" Represents value less than Rs. 0.01 million. During the current period, certain capital restructuring transactions were undertaken inKairos Properties Private Limited (Kairos) and Seaview DevelopersPrivate Limited (N2), SPVs of the Trust.KairosOn 30 June 2026, 65% of the outstanding 14% unsecured compulsorily convertible debenturesof Kairos held byBrookfield India REIT wereconverted into equity shares in accordance with the terms of issue of the CCDs. Accordingly, 18,594,001 CCDs held byBrookfield India Real Estate Trust wereconverted into 432,721 equity shares of Kairos. Simultaneously, an equivalent number of CCDs held by Reco Europium Private Limited, the other shareholderofKairos, were converted into 432,721 equity shares. The conversion represented a change in the form of Brookfield Indiainvestment in Kairos fromCCDs to equity shares. Upon conversion, the investment in equity shares has been recognised at the fair value of the converted CCDs, amounting toRs. 2,275.59million (deemed cost). Pursuant to the conversion, Brookfield India REIT continues to hold 50% of the equity share capital of Kairos and there is no change in its ownership interest in Kairos.Seaview Developers Private LimitedOn 30 June 2026, all outstanding 15% unsecured compulsorily convertible debenturesof Seaview Developers Private Limited held byBrookfieldIndia REIT were converted into equity shares in accordance with the terms of issue of the CCDs. Accordingly, 6,501 CCDs held byBrookfield India REIT wereconverted into 6,501 equity shares of Seaview Developers Private Limited of face value Rs. 10 each.The conversion represented a change in the form of Brookfield Indiainvestment from CCDs to equity shares. Upon conversion, the investment inequityshares has been recognised at the fair value of the converted CCDs, amounting to Rs. 7,113.40 million (deemed cost). The transaction did not result inanychange in Brookfield Indiaownership interest in Seaview Developers Private Limited, which continues to be a wholly owned subsidiary ofBrookfieldIndia REIT.On 30 June 2026, Brookfield India REIT made an additional investment in Seaview Developers Private Limited by subscribing to 2,343 equity shares offacevalue Rs. 10 each on a rights basis at an issue price of Rs. 1,024,342.75 per equity share, for a total consideration of Rs. 2,400.04 million. The allotment included 1 equity share originally offered to Candor India Office Parks Private Limited, as nominee of Brookfield India REIT, which was renounced in favourofBrookfield India REIT. Pursuant to the allotment, the carrying amount of Brookfield Indiainvestment inSeaview Developers Private Limited increasedby Rs. 2,400.04 million. Seaview Developers Private Limited continued to be a wholly owned subsidiary ofBrookfield India REIT and the additional investment
Page 16
Page 1 of 1 Chartered Accountants 7th Floor, Building 10 Tower B DLF Cyber City Complex DLF City Phase - II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR’S REPORT ON REVIEW OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF Brookprop Management Services Private Limited (the “Manager”) (Acting in capacity as the Manager of Brookfield India Real Estate Trust) 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Brookfield India Real Estate Trust (“the Parent”) and its subsidiaries (as listed in Note 3 of the consolidated financial results, together referred to as “the Group”) and its share of net loss after tax and total comprehensive loss of its jo int venture, for the quarter ended 30 June 2026 (“the Statemen t”), being submitted by the Manager pursuant to the requirement of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended (the “REIT Regulations”), and pursuant to the requirements of Regulations 52 and 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”). 2. This Statement, which is the responsibility of the Manager’s Board of Directors, has b een prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principl es generally accepted in India, to th e extent not inconsistent with REIT regulations, and the requirements of the REIT Regulations and the LODR Regulations, to the extent applicable. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE ) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (“ICAI”). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing (“SAs”), issued by the ICAI, and consequently does not enable us to obtain assurance that we would become aware of all significant matt ers that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34 and other accounting principles generally accepted in India, to the extent not inconsistent with REIT regulations, has not disclosed the information required to be disclosed in terms of the REIT Regulations and the LODR Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 5 of the Statement, which descr ibes the presentation/classification of “Unit Capital” as “Equity” to comply with the REIT Regulations, instead of the applicable requirements of Ind AS 32 - Financia l Instruments: Presentation. Our conclusion is not modified in respect of this matter. For Deloitte H askins & Sells Chartered Accountants (Firm’s Registrati on No. 015125N) A nup Kumar Sharma Partner (Membership No. 063828) (UDIN: 26063828KCKEXJ8351) Place: Mumbai Date: 10 August 2026 Anup Kumar Sharma Digitally signed by Anup Kumar Sharma Date: 2026.08.10 19:37:10 +05'30' APPENDIX II
Page 17
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Statement of Consolidated Financials ResultsParticulars Note For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited)* For the year ended31 March 2026(Audited) Revenue from operations109,738.26 9,595.75 6,428.44 29,711.44 Other income 1 568.09 274.37 122.18 1,001.89 Total income 10,306.35 9,870.12 6,550.62 30,713.33 ExpensesCost of material consumed1227.69 34.81 25.12 108.72 Employee benefits expenses13113.47 91.83 73.57 312.56 Finance costs143,378.11 3,554.40 2,047.48 9,747.81 Depreciation and amortization expenses151,419.77 1,449.51 1,047.64 4,694.02 Other expenses 2 2,461.17 2,490.41 1,681.41 7,863.25 Total expenses 7,400.21 7,620.96 4,875.22 22,726.36 Profit before share of profit of equity accounted investee and tax2,906.14 2,249.16 1,675.40 7,986.97 Share of net loss (after tax) of joint venture accounted for using the equity method (122.66) (15.20) (148.02) (402.78) Profit before tax 2,783.48 2,233.96 1,527.38 7,584.19 Tax expense:17 Current tax -for current period 403.48 282.64 77.57 672.04 -for earlier years** (1.29) 0.00 2.22 (345.72) Deferred tax charge 167.92 1,412.71 124.57 1,890.36 Tax expense for the period/ year 570.11 1,695.35 204.36 2,216.68 Profit for the period/ year after tax 2,213.37 538.61 1,323.02 5,367.51 Other comprehensive (loss)/incomeItems that will not be reclassified to profit or loss(0.31) 1.38 0.84 4.04 0.09 (0.43) (0.24) (1.19) - Share of other comprehensive (loss)/income of joint venture accounted for using the equity method(0.26) 0.37 0.22 0.47 (0.48) 1.32 0.82 3.32 Total comprehensive income for the period/ year 2,212.89 539.93 1,323.84 5,370.83 Profit for the period/ year after income tax attributable to unit holders of Brookfield India REIT1,798.05 369.01 1,245.59 4,812.30 Profit for the period/ year after income tax attributable to non- controlling interests415.32 169.60 77.43 555.21 Total comprehensive income for the period/ year attributable to unit holders of Brookfield India REIT1,797.57 370.33 1,246.41 4,815.62 Total comprehensive Income for the period/ year attributable to non- controlling interests415.32 169.60 77.43 555.21 Earnings per unit 7Basic (in Rs.) 2.22 0.49 2.05 7.29 Diluted (in Rs.) 2.22 0.49 2.05 7.29 * Refer note 21** Refer note 8The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results - Remeasurement of defined benefit obligations- Income tax related to items that will not be reclassified to profit or lossOther comprehensive (loss)/income for the period/ year, net of tax
Page 18
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99Computation of Net Distributable Cash Flow at Trust level: For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) (143.63) (121.97) (101.34) (462.26) 4,770.27 5,108.69 3,379.04 16,093.89 297.34 59.56 16.04 330.07 - - - - - - - - - - - - - - - - - - - - - - Particulars Cashflows from operating activities of the Trust (+) Cash flows received from/ Investment entities which represent distributionsofNDCF computed as per relevant framework (refer note 2 below)(+) Treasury income / income from investing activities of the Trust (interest incomereceivedfrom FD, any investment entities as defined in Regulation 18(5), tax refund, anyotherincome in the nature of interest, profit on sale of Mutual funds, investments, assetsetc.,dividend income etc., excluding any Ind AS adjustments. Further clarified that theseamountswill be considered on a cash receipt basis)(+) Proceeds from sale of real estate investments, real estate assets or sharesofSPVs/Holdcos or Investment Entity adjusted for the following Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares ofSPVs/Hold cos or Investment Entity not distributed pursuant to an earlier plan to re-invest asperRegulation 18(16)(d) of REIT Regulations or any other relevant provisions of theREITRegulations, if such proceeds are not intended to be invested subsequently.
Page 19
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99Computation of Net Distributable Cash Flow at Trust level: For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Particulars (494.23) (483.24) (119.08)(894.75) - - - - - - - - - - - - 4,429.75 4,563.04 3,174.66 15,066.95 (-) any reserve required to be created under the terms of, or pursuant to theobligationsarising in accordance with, any: (i). loan agreement entered with financial institution, or(ii).terms and conditions, covenants or any other stipulations applicable to debt securitiesissuedby the Trust or any of its SPVs/ HoldCos, or (iii). terms and conditions, covenants oranyother stipulations applicable to external commercial borrowings availed by the Trust oranyof its SPVs/ HoldCos, (iv). agreement pursuant to which the Trust operates or owns therealestate asset, or generates revenue or cashflows from such asset (such as,concessionagreement, transmission services agreement, power purchase agreement, leaseagreement,and any other agreement of a like nature, by whatever name called); or (v). statutory,judicial,regulatory, or governmental stipulations; or(-) any capital expenditure on existing assets owned / leased by the REIT, to the extentnotfunded by debt / equity or from contractual reserves created in the earlier yearsNDCF at Trust Level (-) Debt repayment at Trust level (to include principal repayments as per scheduledexcept if refinanced through new debt including overdraft facilities and to exclude anydebtrepayments / debt refinanced through new debt in any form or funds raised throughissuanceof units)(-) Finance cost on Borrowings as per Profit and Loss Account, excluding amortizationofany transaction costs which have already been deducted while computing NDCF ofpreviousperiod when such transaction costs were paid. (refer note 3 below)
Page 20
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99Computation of Net Distributable Cash Flow at Trust level: For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Particulars Surplus cash available in REIT used for distribution of NDCF:10% of NDCF withheld in line with the Regulations in previous period - - 16.04 88.97 Surplus cash available (excluding surplus cash from debt raised)* 217.58 1.30 - 8.98 4,647.33 4,564.34 3,190.70 15,164.90 Notes:3. Finance cost excludes the notional cost on deferred consideration Rs. 200.44 million, Rs. 194.44 million and Rs. 211.55 million for the quarter ended 30 June 2026, 31 March 2026 and year ended 31 March 2026 respectively.The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results1. The Board of Directors of the Manager to the Trust, in their meeting held on 10 August 2026, have declared distribution to Unitholders of Rs. 5.60 per unit which aggregates to Rs. 4,647.33millionfor the quarter ended 30 June 2026. The distributions of Rs. 5.60 per unit comprises Rs. 1.65 per unit in the form of interest payment on shareholder loan, CCDs and NCDs, Rs. 2.67 per unit intheform of repayment of SPV debt and NCD, Rs. 0.93 per unit in the form of dividend and the balance Rs. 0.35 per unit in the form of interest on fixed deposit and gain on investment in mutual funds.2. Pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025, Trust has considered distribution of Rs. 3,599.26 million received subsequent to quarter ended30June 2026 but before the adoption of the standalone financial results by the Board of Director of the Manager to Trust in the calculation of Net Distributable Cash Flow.* Surplus cash includes amounts available for distribution as certain expenses relating to institutional placement amounting to Rs. 3.03 million, Rs. 1.30 million and Rs. 8.98 million for thequarterended 30 June 2026, 31 March 2026 and year ended 31 March 2026 respectively, are included in the cash outflows from operating activities of the Trust, further it includes Rs. 214.55 milliontowardstrust level expenses (including portion of finance cost) met out of the unutilised QIP funds for the quarter ended 30 June 2026.NDCF including surplus cash at Trust Level
Page 21
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(i) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga EcoworldSubtotal RostrumCash flow from operating activities as per Cash Flow Statement of SPVs/ HoldCos1,117.50 1,144.24 446.73 820.21 48.89 447.45 1,346.03 27.76 2,047.66 7,446.47 352.92 7,799.39 as per relevant framework (relevant in case of HoldCos) (refer note 1 below) - - - - - - - - - 826.79 826.79 (+) Treasury income / income from investing activities (interest income receivedfromFD, tax refund, any other income in the nature of interest, profit on sale of Mutualfunds,investments, assets etc., dividend income etc., excluding any Ind ASadjustments.Further clarified that these amounts will be considered on a cash receipt basis).17.78 8.27 5.43 13.11 3.81 12.55 13.02 0.22 49.33 123.52 24.99 148.51 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVsorInvestment Entity adjusted for the following - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations - - - - - - - - - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of sharesofSPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest asperRegulation 18(16)(d) of REIT Regulations or any other relevant provisions of theREITRegulations, if such proceeds are not intended to be invested subsequently. - - - - - - - - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance costonany shareholder debt/loan from trust. The amortization of any transaction costsisexcluded provided such transaction costs have already been deducted whilecomputingNDCF of previous period when such transaction costs were paid. (refer note 2 below) (498.92) (421.90) (72.36) - - - (620.40) - (889.03)(2,502.61) (299.31) (2,801.92) (-) Debt repayment (to include principal repayments as per scheduledexceptifrefinanced through new debt including overdraft facilities and to exclude anydebtrepayments / debt refinanced through new debt, in any form or equity raise as wellasrepayment of any shareholder debt / loan from Trust ) (refer note 3 below) (284.00) - - - - - (326.53) - (78.95)(689.48) (13.53) (703.01) For the quarter ended 30 June 2026 (Unaudited)SPVs controlled by TrustTotal
Page 22
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(i) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga EcoworldSubtotal RostrumFor the quarter ended 30 June 2026 (Unaudited)SPVs controlled by TrustTotal(-) any reserve required to be created under the terms of, or pursuant to theobligationsarising in accordance with, any: (i). loan agreement entered with banks /financialinstitution from whom the Trust or any of its SPVs/ HoldCos have availed debt, or(ii).terms and conditions, covenants or any other stipulations applicable to debtsecuritiesissued by the Trust or any of its SPVs/ HoldCos, or (iii). terms and conditions,covenantsor any other stipulations applicable to external commercial borrowings availed bytheTrust or any of its SPVs/ HoldCos, or (iv). agreement pursuant to which theSPV/HoldCo operates or owns the real estate asset, or generates revenue or cashflowsfromsuch asset (such as, concession agreement, transmission services agreement,powerpurchase agreement, lease agreement, and any other agreement of a like nature,bywhatever name called); or (v). statutory, judicial, regulatory, orgovernmentalstipulations; (6.57) - (10.58) (9.81) - (0.04) (2.63) - (91.03)(120.66) (25.50) (146.16) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco,tothe extent not funded by debt / equity or from reserves created in the earlier years. - - - - (3.78) - - - - (3.78) (0.06) (3.84) NDCF for SPVs/ HoldCos 345.79 730.61 369.22 823.51 48.92 459.96 409.49 27.98 1,037.98 4,253.46 866.30 5,119.76 Surplus cash available in SPVs/ HoldCos used for distribution of NDCF:10% of NDCF withheld in line with the Regulations in previous period 45.29 - - - - - 51.09 - - 96.38 - 96.38 Surplus available on acquisition 43.62 - - - - - 3.97 - - 47.59 - 47.59 Surplus cash on account of maturity of deposits 1.13 - 1.21 0.79 - 0.04 1.06 - - 4.23 0.54 4.77 NDCF including surplus cash 435.83 730.61 370.43 824.30 48.92 460.00 465.61 27.98 1,037.98 4,401.66 866.84 5,268.50 Joint venture partner's share - - - - - - - - - - 433.42 433.42 External shareholder's share in dividend- - - - - - - - 58.61 58.61 - 58.61 NDCF including surplus cash (after reducing Joint venture partner's share) 435.83 730.61 370.43 824.30 48.92 460.00 465.61 27.98 979.37 4,343.05 433.42 4,776.47 3. Includes shareholder debt repayments made to external shareholders after 30 June 2026, but before finalisation and adoption of the financial results by the Board of directors of Manager to the Trust. This is in compliance with the RevisedNDCFFramework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results1. Rs. 826.79 million (net amount received Rs. 825.75 million post adjusting TDS of Rs. 1.04 million) has been received post 30 June 2026, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. Outofsuch amount received i.e. Rs. 825.75 million, 100% of Trust share i.e. Rs. 412.88 million has been distributed to shareholders. This is in compliance with the Revised NDCF Framework pursuant to SEBI Master circular no.SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.2. Finance cost excludes the notional cost credit on compound financial instruments Rs. 14.04 million and Rs. 7.17 million for the G1 and Kairos respectively for the quarter ended 30 June 2026.
Page 23
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(ii) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalCash flow from operating activities as per Cash Flow Statement of SPVs516.00 133.61 521.99 1,171.60 framework (relevant in case of HoldCos) - - - - (+) Treasury income / income from investing activities (interest income received from FD, taxrefund,any other income in the nature of interest, profit on sale of Mutual funds, investments, assetsetc.,dividend income etc., excluding any Ind AS adjustments. Further clarified that these amounts willbeconsidered on a cash receipt basis).19.28 17.69 29.87 66.84 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs orInvestmentEntity adjusted for the following - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulationsorany other relevant provisions of the REIT Regulations - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVsorInvestment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d)ofREIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds arenotintended to be invested subsequently - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost onanyshareholder debt/loan from trust. The amortization of any transaction costs is excluded providedsuchtransaction costs have already been deducted while computing NDCF of previous period whensuchtransaction costs were paid.(101.64) (120.87) (117.92) (340.43) For the quarter ended 30 June 2026 (Unaudited)
Page 24
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(ii) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalFor the quarter ended 30 June 2026 (Unaudited)(-) Debt repayment (to include principal repayments as per scheduledexcept if refinancedthroughnew debt including overdraft facilities and to exclude any debt repayments / debt refinancedthroughnew debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust ) (1.53) (3.16) (1.76) (6.45) (-) any reserve required to be created under the terms of, or pursuant to the obligations arisinginaccordance with, any: (i). loan agreement entered with banks / financial institution from whom theTrustor any of its SPVs/ HoldCos have availed debt, or (ii). terms and conditions, covenants or anyotherstipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii).termsand conditions, covenants or any other stipulations applicable to external commercial borrowingsavailedby the Trust or any of its SPVs/ HoldCos, or (iv). agreement pursuant to which the SPV/HoldCooperates or owns the real estate asset, or generates revenue or cashflows from such asset (suchas,concession agreement, transmission services agreement, power purchase agreement, leaseagreement,and any other agreement of a like nature, by whatever name called); or (v). statutory, judicial,regulatory,or governmental stipulations; (5.50) (7.50) (6.50) (19.50) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extentnotfunded by debt / equity or from reserves created in the earlier years.(44.54) (3.49) 0.03 (48.00) NDCF for subsidiaries of joint venture 382.07 16.28 425.71 824.06 Surplus cash available in subsidiaries used for distribution of NDCF:Surplus cash on account of maturity of deposits - 3.40 - 3.40 NDCF including surplus cash382.07 19.68 425.71 827.46 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results
Page 25
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(iii) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga EcoworldSubtotal RostrumCash flow from operating activities as per Cash Flow Statement of SPVs/ HoldCos1,003.81 1,189.45 411.37 768.18 37.52 670.56 1,441.13 5.23 2,083.87 7,611.12 236.03 7,847.15 per relevant framework (relevant in case of HoldCos) (refer note 1 below) - - - - - - - - - 864.41 864.41 (+) Treasury income / income from investing activities (interest income received fromFD,tax refund, any other income in the nature of interest, profit on sale of Mutualfunds,investments, assets etc., dividend income etc., excluding any Ind AS adjustments.Furtherclarified that these amounts will be considered on a cash receipt basis).24.77 27.41 9.66 3.94 0.48 3.03 30.89 0.50 16.06 116.74 16.55 133.29 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVsorInvestment Entity adjusted for the following - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations - - - - - - - - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares ofSPVsor Investment Entity not distributed pursuant to an earlier plan to re-invest as perRegulation18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations,ifsuch proceeds are not intended to be invested subsequently. - - - - - - - - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost onanyshareholder debt/loan from trust. The amortization of any transaction costs isexcludedprovided such transaction costs have already been deducted while computing NDCFofprevious period when such transaction costs were paid. (refer note 2 below) (583.06) (418.01) (74.96) - - - (675.47) - (1,061.36)(2,812.86) (292.49) (3,105.35) (-) Debt repayment (to include principal repayments as per scheduledexceptifrefinanced through new debt including overdraft facilities and to exclude anydebtrepayments / debt refinanced through new debt, in any form or equity raise as wellasrepayment of any shareholder debt / loan from Trust ) (refer note 3 below) (246.50) - - - - - (337.53) - - (584.03) (14.83) (598.86) For the quarter ended 31 March 2026 (Unaudited)SPVs controlled by TrustTotal
Page 26
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(iii) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga EcoworldSubtotal RostrumFor the quarter ended 31 March 2026 (Unaudited)SPVs controlled by TrustTotal(-) any reserve required to be created under the terms of, or pursuant to theobligationsarising in accordance with, any: (i). loan agreement entered with banks / financialinstitutionfrom whom the Trust or any of its SPVs/ HoldCos have availed debt, or (ii). termsandconditions, covenants or any other stipulations applicable to debt securities issued bytheTrust or any of its SPVs/ HoldCos, or (iii). terms and conditions, covenants or anyotherstipulations applicable to external commercial borrowings availed by the Trust or any ofitsSPVs/ HoldCos, or (iv). agreement pursuant to which the SPV/ HoldCo operates or ownsthereal estate asset, or generates revenue or cashflows from such asset (such as,concessionagreement, transmission services agreement, power purchase agreement, leaseagreement,and any other agreement of a like nature, by whatever name called); or (v).statutory,judicial, regulatory, or governmental stipulations; - - (2.56) (4.61) - - (7.69) - - (14.86) - (14.86) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, totheextent not funded by debt / equity or from reserves created in the earlier years. - - - - (0.69) - - - (25.09)(25.78) (0.00) (25.78) NDCF for SPVs/ HoldCos 199.02 798.85 343.51 767.51 37.31 673.60 451.33 5.72 1,013.48 4,290.33 809.67 5,100.00 Surplus cash available in SPVs/ HoldCos used for distribution of NDCF:10% of NDCF withheld in line with the Regulations in previous period - 10.10 49.22 55.48 9.49 9.34 - - - 133.63 1.03 134.66 Surplus available on acquisition 202.79 - - - - - 26.40 17.50 - 246.69 - 246.69 Surplus cash on account of maturity of deposits - 7.40 0.21 - - - 7.70 - 18.62 33.93 - 33.93 NDCF including surplus cash 401.81 816.35 392.94 822.99 46.80 682.93 485.43 23.23 1,032.10 4,704.58 810.70 5,515.28 Joint venture partner's share405.35 405.35 NDCF including surplus cash (after reducing Joint venture partner's share) 401.81 816.35 392.94 822.99 46.80 682.93 485.43 23.23 1,032.10 4,704.58 405.35 5,109.93 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results1. Out of total amount received from the underlying SPVs of Rs. 864.41 million (including TDS of Rs. 1.83 million), an amount of Rs. 792.58 million has been received post 31 March 2026, but before finalisation and adoption of the financial results bytheBoard of directors of Manager to Trust. This is in compliance with the Revised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025, read with amendment in Regulation 18(16)(aa)(i) ofSEBIREIT Regulations on September 3, 2025. Holdco has generated negative cash flow of Rs. 54.78 million on its own, which has been adjusted against the cash flows received from its underlying SPVs in compliance with NotificationSEBI/LAD-NRO/GN/2025/258 dated 01 September 2025. 100% of such adjusted cash flows received from SPVs i.e. Rs. 809.63 million, along with an amount of Rs. 1.07 million out of 10% of NDCF retained in previous quarters, has been distributed to shareholdersincompliance with the Revised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 read with amended REIT Regulations.2. Finance cost excludes the notional cost on compound financial instruments Rs. 90.95 million and Rs. 54.82 million for the G1 and Kairos respectively till 31 March 2026.3. Includes shareholder debt repayments made to external shareholders after 31 March 2026, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. This is in compliance with the Revised NDCFFrameworkpursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.4. SEBI has issued a revised framework for calculation of NDCF vide SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (''Revised NDCF Framework"), which is applicable with effect from 11 July 2025. Hence theNDCFfor the quarter ended 31 March 2026 has been calculated as per this Revised NDCF Framework.6. The statement of NDCF computation for the quarter ended 31 March 2026 has been updated to align with the statutory financial information of REIT SPVs. In case of MIOP, surplus used for distribution has been reclassified fromof NDCFwithheld
Page 27
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(iv) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalCash flow from operating activities as per Cash Flow Statement of SPVs649.57 164.21 361.44 1,175.22 framework (relevant in case of HoldCos) - - - - (+) Treasury income / income from investing activities (interest income received from FD, taxrefund,any other income in the nature of interest, profit on sale of Mutual funds, investments, assetsetc.,dividend income etc., excluding any Ind AS adjustments. Further clarified that these amounts willbeconsidered on a cash receipt basis).14.09 20.03 18.26 52.38 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs orInvestmentEntity adjusted for the following - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulationsorany other relevant provisions of the REIT Regulations - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVsorInvestment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d)ofREIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds arenotintended to be invested subsequently - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost onanyshareholder debt/loan from trust. The amortization of any transaction costs is excluded providedsuchtransaction costs have already been deducted while computing NDCF of previous period whensuchtransaction costs were paid.(103.05) (116.91) (118.72) (338.68) For the quarter ended 31 March 2026 (Unaudited)
Page 28
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(iv) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalFor the quarter ended 31 March 2026 (Unaudited)(-) Debt repayment (to include principal repayments as per scheduledexcept if refinancedthroughnew debt including overdraft facilities and to exclude any debt repayments / debt refinancedthroughnew debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust ) (2.29) (4.67) (2.65) (9.61) (-) any reserve required to be created under the terms of, or pursuant to the obligations arisinginaccordance with, any: (i). loan agreement entered with banks / financial institution from whom theTrustor any of its SPVs/ HoldCos have availed debt, or (ii). terms and conditions, covenants or anyotherstipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii).termsand conditions, covenants or any other stipulations applicable to external commercial borrowingsavailedby the Trust or any of its SPVs/ HoldCos, or (iv). agreement pursuant to which the SPV/HoldCooperates or owns the real estate asset, or generates revenue or cashflows from such asset (suchas,concession agreement, transmission services agreement, power purchase agreement, leaseagreement,and any other agreement of a like nature, by whatever name called); or (v). statutory, judicial,regulatory,or governmental stipulations; - - - - (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extentnotfunded by debt / equity or from reserves created in the earlier years.(0.00) (2.00) 0.01 (1.99) NDCF for subsidiaries of joint venture 558.32 60.66 258.34 877.32 Surplus cash available in subsidiaries used for distribution of NDCF:Surplus available on acquisition - 10.51 - 10.51 NDCF including surplus cash558.32 71.17 258.34 887.83 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial ResultsThe statement of NDCF computation for the quarter ended 31 March 2026 has been updated to align with the statutory financial information of Joint venture'ssubsidiaries,having impact of INR 0.28 Million.
Page 29
Brookfield India Real Estate TrustConsolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(v) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Subtotal RostrumCash flow from operating activities as per Cash Flow Statement of SPVs/ HoldCos869.54 1,107.97 415.41 699.33 37.08 581.67 1,311.22 28.11 5,050.33 380.33 5,430.66 as per relevant framework (relevant in case of HoldCos) (refer note 1) - - - - - - - - - 675.64 675.64 (+) Treasury income / income from investing activities (interest income receivedfromFD, tax refund, any other income in the nature of interest, profit on sale of Mutualfunds,investments, assets etc., dividend income etc., excluding any Ind ASadjustments.Further clarified that these amounts will be considered on a cash receipt basis).7.12 10.95 11.55 4.02 0.40 3.50 14.00 0.63 52.17 21.42 73.59 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVsorInvestment Entity adjusted for the following - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations - - - - - - - - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of sharesofSPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest asperRegulation 18(16)(d) of REIT Regulations or any other relevant provisions of theREITRegulations, if such proceeds are not intended to be invested subsequently. - - - - - - - - - - - (-) Finance cost on Borrowings as per Profit and Loss Account, excludingamortizationof any transaction costs which have already been deducted while computing NDCFofprevious period when such transaction costs were paid. (544.44) (472.08) (78.93) (0.00) - - (698.51) - (1,793.96) (330.25) (2,124.21) (-) Debt repayment (to include principal repayments as per scheduledexceptifrefinanced through new debt including overdraft facilities and to exclude anydebtrepayments / debt refinanced through new debt, in any form or equity raise as wellasrepayment of any shareholder debt / loan from Trust ) (refer note 2) (54.50) - - - - - (221.50) - (276.00) (6.69) (282.69) For the quarter ended 30 June 2025 (Unaudited)SPVs controlled by TrustTotal
Page 30
Brookfield India Real Estate TrustConsolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(v) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Subtotal RostrumFor the quarter ended 30 June 2025 (Unaudited)SPVs controlled by TrustTotal(-) any reserve required to be created under the terms of, or pursuant to theobligationsarising in accordance with, any: (i). loan agreement entered with banks /financialinstitution from whom the Trust or any of its SPVs/ HoldCos have availed debt, or(ii).terms and conditions, covenants or any other stipulations applicable to debtsecuritiesissued by the Trust or any of its SPVs/ HoldCos, or (iii). terms andconditions,covenants or any other stipulations applicable to external commercialborrowingsavailed by the Trust or any of its SPVs/ HoldCos, or (iv). agreement pursuant towhichthe SPV/ HoldCo operates or owns the real estate asset, or generates revenueorcashflows from such asset (such as, concession agreement, transmissionservicesagreement, power purchase agreement, lease agreement, and any other agreement ofalike nature, by whatever name called); or (v). statutory, judicial, regulatory,orgovernmental stipulations; (1.13) (94.37) - (0.12) - (0.04) (1.05) - (96.71) - (96.71) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco,tothe extent not funded by debt / equity or from reserves created in the earlier years. (1.60) - - - (16.05) - - - (17.65) (0.09) (17.74) NDCF for SPVs/ HoldCos274.99 552.47 348.03 703.23 21.43 585.13 404.16 28.74 2,918.18 740.36 3,658.54 Surplus cash available in SPVs/ HoldCos used for distribution of NDCF:Surplus cash on account of maturity of deposits 1.26 93.91 - 0.12 - 0.04 1.58 - 96.91 0.11 97.02 NDCF including surplus cash276.25 646.38 348.03 703.35 21.43 585.17 405.74 28.74 3,015.09 740.47 3,755.56 Joint venture partner's share370.23 370.23 NDCF including surplus cash (after reducing Joint venture partner's share)276.25 646.38 348.03 703.35 21.43 585.17 405.74 28.74 3,015.09 370.24 3,385.33 2. Includes shareholder debt repayments made to external shareholders after 30 June 2025, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. This is in compliance with the RevisedNDCFFramework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.3. SEBI has issued a revised framework for calculation of NDCF vide SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (''Revised NDCF Framework"), which is applicable with effect from 11 July 2025. HencetheNDCF for the quarter ended 30 June 2025 has been calculated as per this Revised NDCF Framework.The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results1. Rs. 675.64 million (net amount received Rs. 672.45 million post adjusting TDS of Rs. 3.19 million) has been received post 30 June 2025, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. Thisisin compliance with the Revised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025. 100% of such amount received i.e. Rs. 672.45 million has been distributed to shareholdersincompliance with the Revised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.4. There is a reclassification in the NDCF statement of Rs. 2.08 million on account of interest on income tax refund, from cash flow from operating activities to treasury income/ income from investing activities in N1, having no impact on the NDCF.
Page 31
Brookfield India Real Estate TrustConsolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(vi) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalCash flow from operating activities as per Cash Flow Statement of SPVs507.66 160.70 308.86 977.22 framework (relevant in case of HoldCos) - - - - (+) Treasury income / income from investing activities (interest income received from FD, tax refund,anyother income in the nature of interest, profit on sale of Mutual funds, investments, assets etc.,dividendincome etc., excluding any Ind AS adjustments. Further clarified that these amounts will be consideredona cash receipt basis).44.32 30.71 48.91 123.94 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or InvestmentEntityadjusted for the following - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations oranyother relevant provisions of the REIT Regulations - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs orInvestmentEntity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intendedtobe invested subsequently - - - - (-) Finance cost on Borrowings as per Profit and Loss Account, excluding amortization of anytransactioncosts which have already been deducted while computing NDCF of previous period when suchtransactioncosts were paid.(117.34) (127.26) (135.62) (380.22) For the quarter ended 30 June 2025 (Unaudited)
Page 32
Brookfield India Real Estate TrustConsolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(vi) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalFor the quarter ended 30 June 2025 (Unaudited)(-) Debt repayment (to include principal repayments as per scheduledexcept if refinancedthroughnew debt including overdraft facilities and to exclude any debt repayments / debt refinanced throughnewdebt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust ) (2.29) (2.34) (2.65) (7.28) (-) any reserve required to be created under the terms of, or pursuant to the obligations arisinginaccordance with, any: (i). loan agreement entered with banks / financial institution from whom the Trustorany of its SPVs/ HoldCos have availed debt, or (ii). terms and conditions, covenants or anyotherstipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii). termsandconditions, covenants or any other stipulations applicable to external commercial borrowings availed bytheTrust or any of its SPVs/ HoldCos, or (iv). agreement pursuant to which the SPV/ HoldCo operatesorowns the real estate asset, or generates revenue or cashflows from such asset (such as,concessionagreement, transmission services agreement, power purchase agreement, lease agreement, and anyotheragreement of a like nature, by whatever name called); or (v). statutory, judicial, regulatory, orgovernmentalstipulations; - - - - (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years.(2.78) - (2.97) (5.75) NDCF for subsidiaries of joint venture 429.57 61.81 216.53 707.91 0.9600 0.9837 0.9203 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results
Page 33
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(vii) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga Ecoworld#Subtotal RostrumCash flow from operating activities as per Cash Flow Statement of SPVs/ HoldCos3,613.09 4,646.89 1,607.98 2,715.57 164.51 2,224.20 5,597.16 93.77 2,713.42 23,376.59 1,439.09 24,815.68 per relevant framework (relevant in case of HoldCos) (refer note 1 below)- - - - - - - - - - 2,960.80 2,960.80 (+) Treasury income / income from investing activities (interest income received fromFD,tax refund, any other income in the nature of interest, profit on sale of Mutualfunds,investments, assets etc., dividend income etc., excluding any Ind AS adjustments.Furtherclarified that these amounts will be considered on a cash receipt basis).87.01 128.87 31.91 16.36 1.80 14.79 96.04 2.50 21.76 401.04 99.70 500.74 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVsorInvestment Entity adjusted for the following - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) ofREITRegulations or any other relevant provisions of the REIT Regulations - - - - - - - - - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares ofSPVsor Investment Entity not distributed pursuant to an earlier plan to re-invest as perRegulation18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations,ifsuch proceeds are not intended to be invested subsequently.- - - - - - - - - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance costonany shareholder debt/loan from trust. The amortization of any transaction costs isexcludedprovided such transaction costs have already been deducted while computing NDCFofprevious period when such transaction costs were paid. (refer note 2 below)(2,175.16) (1,775.45) (310.55) (0.00) - - (2,706.20) - (1,164.30) (8,131.66) (1,237.34) (9,369.00) (-) Debt repayment (to include principal repayments as per scheduledexceptifrefinanced through new debt including overdraft facilities and to exclude anydebtrepayments / debt refinanced through new debt, in any form or equity raise as wellasrepayment of any shareholder debt / loan from Trust ) (refer note 3 below)(514.00) - - - - - (1,290.75) - (1.04) (1,805.79) (37.02) (1,842.81) For the year ended 31 March 2026 (Audited)SPVs controlled by TrustTotal
Page 34
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(vii) Computation of Net Distributable Cash Flow at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Arliga Ecoworld#Subtotal RostrumFor the year ended 31 March 2026 (Audited)SPVs controlled by TrustTotal(-) any reserve required to be created under the terms of, or pursuant to theobligationsarising in accordance with, any: (i). loan agreement entered with banks / financialinstitutionfrom whom the Trust or any of its SPVs/ HoldCos have availed debt, or (ii). termsandconditions, covenants or any other stipulations applicable to debt securities issued bytheTrust or any of its SPVs/ HoldCos, or (iii). terms and conditions, covenants or anyotherstipulations applicable to external commercial borrowings availed by the Trust or any ofitsSPVs/ HoldCos, or (iv). agreement pursuant to which the SPV/ HoldCo operates orownsthe real estate asset, or generates revenue or cashflows from such asset (such as,concessionagreement, transmission services agreement, power purchase agreement, leaseagreement,and any other agreement of a like nature, by whatever name called); or (v).statutory,judicial, regulatory, or governmental stipulations; (159.65) (265.91) (2.56) (7.05) - (3.54) (186.38) - - (625.09) (113.84) (738.93) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, totheextent not funded by debt / equity or from reserves created in the earlier years.(1.60) - - - (39.83) - - (0.42) (29.13) (70.98) (0.09) (71.07) NDCF for SPVs/ HoldCos 849.69 2734.40 1326.78 2724.88 126.48 2235.45 1509.87 95.85 1540.71 13144.13 3111.3016,255.43 Surplus cash available in SPVs/ HoldCos used for distribution of NDCF:10% of NDCF withheld in line with the Regulations in previous period - 30.10 49.22 55.48 9.49 80.92 - - - 225.21 1.03 226.24 Surplus available on acquisition * 223.09 - - - - - 266.70 37.11 - 526.90 - 526.90 Surplus cash on account of maturity of deposits 149.11 273.05 0.21 2.29 - 3.54 186.91 - 20.87 635.98 113.91 749.89 NDCF including surplus cash 1,221.89 3,037.55 1,376.21 2,782.65 135.97 2,319.91 1,963.47 132.96 1,561.58 14,532.22 3,226.24 17,758.46 Joint venture partner's share1,613.12 1,613.12 NDCF including surplus cash (after reducing Joint venture partner's share) 1,221.89 3,037.55 1,376.21 2,782.65 135.97 2,319.91 1,963.47 132.96 1,561.58 14,532.22 1,613.12 16,145.34 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial Results* During the year ended March 31, 2026, an amount of INR 355.24 million pertaining to HoldCo. (Rostrum) was inadvertently included under "Surplus Available on Acquisition" in the Net Distributable Cash Flows (NDCF). The aforesaid amount was neither considered in the computation of distributable NDCF nor distributed in any of the quarterly distributions during the year. NDCF disclosure for the year ended March 31, 2026 in these Consolidated Financial Results has been updated to reflect the correct amount. There is no impact on the distributions made to trust/unitholders, total cash flows, profit for the period/year, earnings per unit, or net assets of the Trust.3. Includes shareholder debt repayments made to external shareholders after 31 March 2026, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. This is in compliance with the Revised NDCFFrameworkpursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.4. SEBI has issued a revised framework for calculation of NDCF vide SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (''Revised NDCF Framework"), which is applicable with effect from 11 July 2025. Hence the NDCF fortheyear ended 31 March 2026 has been calculated as per this Revised NDCF Framework.# NDCF for Arliga Ecoworld Business Parks Private Limited has been calculated effective its acquisition date i.e. 24 December 2025.2. Finance cost excludes the notional cost on compound financial instruments Rs. 90.95 million and Rs. 54.82 million for the G1 and Kairos respectively till 31 March 2026.1. Out of total amount received from the underlying SPVs of Rs. 864.41 million (including TDS of Rs. 1.83 million), an amount of Rs. 792.58 million has been received post 31 March 2026, but before finalisation and adoption of the financial results by theBoardof directors of Manager to Trust. This is in compliance with the Revised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025, read with amendment in Regulation 18(16)(aa)(i) of SEBIREITRegulations on September 3, 2025. Holdco has generated negative cash flow of Rs. 54.78 million on its own, which has been adjusted against the cash flows received from its underlying SPVs in compliance with Notification SEBI/LAD-NRO/GN/2025/258dated01 September 2025. 100% of such adjusted cash flows received from SPVs i.e. Rs. 809.63 million, along with an amount of Rs. 1.07 million out of 10% of NDCF retained in previous quarters, has been distributed to shareholders in compliance with theRevisedNDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 read with amended REIT Regulations.
Page 35
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(viii) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalCash flow from operating activities as per Cash Flow Statement of SPVs2,125.22 687.57 1,349.91 4,162.70 relevant framework (relevant in case of HoldCos)- - - - (+) Treasury income / income from investing activities (interest income received from FD,taxrefund, any other income in the nature of interest, profit on sale of Mutual funds,investments,assets etc., dividend income etc., excluding any Ind AS adjustments. Further clarified thattheseamounts will be considered on a cash receipt basis).76.86 100.92 114.95 292.73 (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs orInvestmentEntity adjusted for the following - - - - - - - - - - - - - - - - Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REITRegulationsor any other relevant provisions of the REIT Regulations - - - - (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVsorInvestment Entity not distributed pursuant to an earlier plan to re-invest as perRegulation18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, ifsuchproceeds are not intended to be invested subsequently - - - - (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost onanyshareholder debt/loan from trust. The amortization of any transaction costs is excludedprovidedsuch transaction costs have already been deducted while computing NDCF of previous periodwhensuch transaction costs were paid.(438.14) (481.15) (505.17) (1,424.46) For the year ended 31 March 2026 (Audited)
Page 36
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Disclosure pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Net Distributable Cash Flows (NDCF) pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99(viii) Computation of Net Distributable Cash Flow of subsidiaries of joint ventureParticulars Oak Arnon AspenTotalFor the year ended 31 March 2026 (Audited)(-) Debt repayment (to include principal repayments as per scheduledexcept ifrefinancedthrough new debt including overdraft facilities and to exclude any debt repayments /debtrefinanced through new debt, in any form or equity raise as well as repayment of anyshareholderdebt / loan from Trust ) (9.15) (13.86) (10.56) (33.57) (-) any reserve required to be created under the terms of, or pursuant to the obligations arisinginaccordance with, any: (i). loan agreement entered with banks / financial institution from whomtheTrust or any of its SPVs/ HoldCos have availed debt, or (ii). terms and conditions, covenants oranyother stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos,or(iii). terms and conditions, covenants or any other stipulations applicable to externalcommercialborrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv). agreement pursuant towhichthe SPV/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows fromsuch asset (such as, concession agreement, transmission services agreement, powerpurchaseagreement, lease agreement, and any other agreement of a like nature, by whatever name called);or(v). statutory, judicial, regulatory, or governmental stipulations; (55.51) (48.80) (57.81) (162.12) (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to theextentnot funded by debt / equity or from reserves created in the earlier years.(2.78) (2.00) (3.35) (8.13) NDCF for subsidiaries of joint venture 1,696.50 242.68 887.97 2,827.15 Surplus cash available in subsidiaries used for distribution of NDCF:Surplus available on acquisition - 10.51 - 10.51 Surplus cash on account of maturity of deposits 68.46 48.69 67.16 184.31 NDCF including surplus cash1,764.96 301.88 955.13 3,021.97 The accompanying notes from 1 to 22 form an integral part of these Consolidated Financial ResultsThe statement of NDCF computation for the year ended 31 March 2026 has been updated to align with the statutory financial information of Joint venture'ssubsidiaries,having an impact of INR 0.28 Million.
Page 37
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results Particulars 1 Other Income Interest income on deposits with banks 114.94 89.62 72.38 531.18 Interest income on loan from joint venture 4.76 - - - Interest on income tax refund 19.19 35.89 2.08 156.62 Interest income on security deposit 22.84 10.43 22.18 57.97 Income from scrap sale 22.59 13.90 9.29 68.26 Gain on investment in mutual funds 302.75 14.27 1.03 29.59 Liabilities/provisions no longer required written back 1.77 72.13 - 74.90 Miscellaneous income 79.25 38.13 15.22 83.37 568.09 274.37 122.18 1,001.89 2 Other expenses Property management fees 1,159.29 -Property management fees 495.49 501.56 300.14 1,450.11 - Reimbursement of payroll costs 50.37 57.79 30.19 147.80 -Reimbursement of office cost 32.99 33.40 31.49 120.74 Power and fuel 765.55 617.56 569.02 2,282.65 Repair and maintenance 647.73 774.14 429.08 2,218.05 Insurance 18.56 21.17 15.34 70.15 Legal and professional expense 123.25 107.47 61.41 343.54 For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the year ended 31 March 2026(Audited) For the quarter ended 30 June 2025(Unaudited)
Page 38
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results Particulars For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the year ended 31 March 2026(Audited) For the quarter ended 30 June 2025(Unaudited) Audit fees 10.07 14.30 8.23 42.32 Rates and taxes 174.03 95.46 93.84 456.00 Marketing and advertisement expenses 34.83 66.47 34.56 187.62 Facility usage fees 7.47 7.59 7.19 29.64 Rental towards short term leases 11.13 13.50 8.99 44.00 Credit Impaired 0.68 - - 0.71 Allowance for expected credit loss 6.78 4.42 6.81 14.56 Corporate social responsibility expenses 7.54 2.00 2.21 8.71 Property, plant and equipment written off - 2.76 - 2.76 (Gain)/loss on derivative relating to share conversion feature in 14% compulsorily convertible debentures at fair value through profit or loss (35.20) 45.20 - 49.65 Investment property written off - (0.05) - (0.05) Travelling expenses 8.34 6.38 2.83 18.48 Investment management fees 52.31 53.86 36.35 176.78 Valuation expenses 2.82 4.51 2.23 15.12 Trustee fees 1.29 1.28 0.74 5.19 Miscellaneous expenses 45.14 59.63 40.76 178.72 2,461.17 2,490.41 1,681.41 7,863.25
Page 39
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results34The Consolidated Financial Results are authorized for issue in accordance with resolutions passed by the Board of Directors of the Manager on behalfofthe Brookfield India REIT on 10 August 2026. The Consolidated Financial Results have been prepared in accordance with the requirements ofSEBI(Real Estate Investment Trusts) Regulations, 2014, as amended from time to time including any guidelines and circulars issued there under readwithSEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025Regulations 52 and 54 of the SecuritiesandExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Recognition and Measurement principles ofIndianAccounting Standard 34Financial(Ind AS-34) as defined in Rule 2(1)(a) of the Companies (Indian Accounting Standards)Rules,2015read with relevant rules issued thereunder and other accounting principles generally accepted in India, to the extent not inconsistentwiththe REIT Regulations (refer note 5 on presentation ofasinstead of compound financial instruments under Ind AS 32FinancialInstruments: Presentation). The Consolidated Financial Results comprise financial results of Brookfield India Real Estate Trust ('Brookfield India REIT' or 'Trust') and following of its subsidiaries/SPV and Joint Venture:A. Subsidiaries:1. Shantiniketan Properties Private Limited ("SPPL Noida"/"N1")2. Candor Kolkata One Hi-Tech Structures Private Limited ("Candor Kolkata"/"K1")3. Festus Properties Private Limited ("Festus")4. Seaview Developers Private Limited ("SDPL Noida"/"N2")5. Candor Gurgaon One Realty Projects Private Limited ("Candor Gurgaon 1"/"G1")7. Candor India Office Parks Private Limited ("CIOP")8. Mountainstar India Office Parks Private Limited ("MIOP") 9. Arliga Ecoworld Business Parks Private Limited ("Arliga Ecoworld") (from 24 December 2025)B. Joint Venture, accounted as equity method investeeFinancial results of Rostrum comprise of the financial results of following of its subsidiaries:
Page 40
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results56 Segment reporting :Accordingly, these Consolidated Financial Results do not include all the information required for a complete set of financial statements.TheseConsolidated Financial Results should be read in conjunction with the consolidated financial statements and related notes included in theauditedconsolidated financial statements under Ind AS as at and for the year ended 31 March 2026. Accounting policies have been consistently appliedexceptwhere a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accountingpolicyhitherto in use.The Consolidated Financial Results are presented in Indian Rupees in Millions, except when otherwise indicated.The Unaudited Consolidated financial results for the quarter ended 30 June 2026 have been subjected to review by Statutory Auditors of Brookfield REITand they have issued an unmodified review conclusion on the above results.Under the provisions of the REIT Regulations, Brookfield India REIT is required to distribute to Unitholders not less than 90% of the NetDistributableCash Flows of Brookfield India REIT for each reporting period. Accordingly, a portion of the unit capital contains a contractual obligation oftheBrookfield India REIT to pay to its Unitholders cash distributions. Hence, the unit capital is a compound financial instrument which contain bothequityand liability components in accordance with Ind AS 32 - Financial Instruments: Presentation. However, in accordance with SEBI Master circularno.SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 issued under the REIT Regulations, the unit capital has been classified and presentedasin order to comply with the requirements of para 4.2.3(a) of Chapter 4 to the SEBI Master Circular dealing with the Continuous DisclosuresandCompliances by REITs.In accordance with Ind AS 108, the Board of Directors of the Manager, Brookprop Management Services Private Limited, has been identified astheChief Operating Decision Maker (CODM), being responsible for key strategic and operational decisions of Brookfield India REIT. As the REITisprimarily engaged in a single line of business comprising of owning, developing, operating and leasing commercial real estate assets inIndia.Accordingly, the REIT operates as a single reportable segment, and the detailed segment disclosure requirements of Ind AS 108 are not applicable.
Page 41
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results7 Earnings Per Unit (EPU)Particulars For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended31 March 2026(Audited) 1,798.05 369.01 1,245.59 4,812.30 Weighted average number of Units (Nos.) 811,305,018 749,385,513 607,752,448 659,961,905 -Basic (Rs./unit) 2.22 0.49 2.05 7.29 -Diluted (Rs./unit) 2.22 0.49 2.05 7.29 89 For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended31 March 2026(Audited) Current ratio (in times) (refer note a) 1.12 0.61 0.68 0.61 Debt-equity ratio (in times) (refer note b) 0.66 0.85 0.58 0.85 Debt service coverage ratio (in times) (refer note c) 2.31 1.75 2.02 1.90 2.08 1.56 2.16 2.03 NA NA NA NA NA NA NA NA Net worth (Amounts in Rs. millions) 231,643.33 195,621.23 158,240.47 195,621.23 Net profit after tax (Amounts in Rs. millions) 2,213.37 538.61 1,323.02 5,367.51 Earnings per unit- Basic (Amounts in Rs.) (refer note 7) 2.22 0.49 2.05 7.29 2.22 0.49 2.05 7.29 Long term debt to working capital (in times) (refer note g) 42.68 (24.33) (21.66)(24.33) Bad debts to Account receivable ratio (refer note h) 0.00 0.00 0.01 0.02 Current liability ratio (in times) (refer note i) 0.16 0.09 0.12 0.09 Total debts to total assets (in times) (refer note j) 0.37 0.42 0.34 0.42 Outstanding redeemable preference shares (quantity and value) (refer note e)Interest service coverage ratio (in times) (refer note d)During the previous year ended 31 March 2026, G1 and K1 received favourable orders from the Income Tax Appellate Tribunal under section 254 of the Income Tax Act, 1961 for assessment yearsandBasic Earnings per Unit (EPU) is calculated by dividing the profit after income tax for the period/year attributable to unitholders by the weighted average number of units outstanding during the period/year.DilutedEPU is calculated by dividing the profit after income tax for the period/year attributable to unitholders by the weighted average number of units outstanding during the period/year adjusted for the weightedaveragenumber of units that would be issued upon conversion of all dilutive potential units into unit capital. During all the periods presented, there were no dilutive units issued. The following reflects the profit aftertaxand unit data used in the basic and diluted EPU computation:Profit after tax for calculating basic and diluted EPU (attributable to unitholders of Brookfield India REIT)Earnings Per UnitCapital redemption reserve/debenture redemption reserve ((refer note f)Earnings per unit- Diluted (Amounts in Rs.) (refer note 7)Financial Ratios
Page 42
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results For the quarter ended30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended31 March 2026(Audited) Debtors turnover (in times) (refer note k) 25.63 33.71 33.70 32.77 Inventory turnover (in times) (refer note l) NA NA NA NA Operating margin (in %) (refer note m) 73.28% 72.73% 72.31% 72.12%Net profit margin (in %) (refer note n) 21.48% 5.46% 20.20% 17.48%Assets cover available (refer note o) 2.56 2.29 2.80 2.29 Distribution per unit 5.60 5.50 5.25 21.40 Net operating income (refer note p) 7,565.61 7,429.09 4,985.75 22,912.99 Note a) Current ratiob) Debt Equity ratiod) Interest Service Coverage Ratioe) f) g) Long term debt to working capitalh) Bad debts to Account receivables ratio i) Current Liability Ratio j) Total debts to Total assetsk)Debtors turnover ratiol)m) Operating margin percentn) Net profit margin percento) Assets cover available Total equity Total Debt (including lease liabilities) p) There are no outstanding redeemable preference shares as at the reporting date.Inventory turnover ratio is not appplicable as the Group does not hold any inventory. Total assets The group is not required to create capital redemption reserve or debenture redemption reserve as at the reporting date. Profit after tax Total Assets - Intangible Assets - Current liabilities (excluding short-term debt & Lease liabilities) Revenue from operations Total Income Total Debt (including lease liabilities) Bad debts (including provision for doubtful debts) Current Liabilities Total Debts (including lease liabilities) Revenue from operations (annualized) Finance costs Working Capital (Current assets - current liabilities) Average trade receivable Total Liabilities Average trade receivable Net Operating Income (NOI) is calculated as revenue from operations (which includes (i) income from operating lease rentals; (ii) income from maintenance services; and (iii) sale of food and beverages) less direct operating expenses. Direct operating expenses include (i) power and fuel; (ii) facility usage charges; (iii) lease rent; (iv) employee benefit expenses (v) cost of materials consumed; and (vi) a portion of repair and maintenance, legal and professional fees, insurance, rates and taxes, property management fees (excluding property management fees paid to the Brookprop property management services private limited amounting to Rs. 190.47 million for the quarter ended 30 June 2026, Rs. 130.12 million for the quarter ended 30 June 2025, Rs.192.19 million for the quarter ended 31 March 2026 and Rs. 594.09 million for the year ended 31 March 2026) and miscellaneous expenses, which are directly incurred in relation to the commercial properties of the respective Asset SPVs. Financial Ratios Earnings available for debt service ( Profit for the period/ year after tax + Finance costs + Depreciation and amortization expenses) Long term debt (including non current lease liabilities) Formulae for computation of ratios are as follows basis consolidated financial results (including non controlling interest):- Numerator DenominatorFinancial Ratios c) Debt Service Coverage Ratio Earnings available for debt service ( Profit for the period/ year after tax + Finance costs + Depreciation and amortization expenses) Finance costs (excluding unwinding interest & Interest expense on lease liabilities) + Principal repayments made during the period which excludes bullet and full repayment of external borrowings Current liabilities Profit before share of profit of equity accounted investee and tax + Finance costs + Depreciation and amortization expenses - Other income Current Assets
Page 43
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results10 Statement of Net Borrowings RatioS.No. As on 30 June 2026(Unaudited)As on 30 June 2025(Unaudited) As on 31 March 2026(Audited)A. 169,444.97 107,481.56 181,301.65 B. 10,422.59 - 10,222.15 C. 29,549.81 6,914.53 7,979.01 D. 150,317.75 100,567.03 183,544.80 E. 543,705.83 356,749.65 539,558.56 F. 27.65%28.19%34.02%a. Breakup of borrowings (including accrued interest):Entity Relation to REITLender Balance as on 30 June 2026 (Unaudited)Balance as on 30 June 2025 (Unaudited)Balance as on 31 March 2026 (Audited)NBFC 3,720.33 3,717.30 3,720.04 23,778.54 23,845.38 23,840.10 1,979.76 940.65 1,693.71 12,286.92 11,681.11 12,138.42 13,955.30 13,850.06 13,956.29 9,007.23 9,953.72 9,007.33 9,871.97 8,713.31 9,830.55 Listed NCDs19,894.27 - 19,888.93 5,739.28 5,483.45 5,739.55 1,493.86 1,489.51 1,490.46 3,221.77 3,786.24 3,471.67 1,147.72 1,164.13 1,147.39 Kairos Properties Private LimitedSPVOther1,222.96 2,550.07 1,568.69 Candor Gurgaon One Realty Projects Private LimitedSPVOther124.45 177.32 138.21 Kairos Properties Private LimitedSPVOther1,204.37 3,553.36 3,533.67 Bank 16,561.65 - 19,891.69 Other391.42 - - 13,439.20 - 16,646.14 13,422.01 - 16,624.98 152,463.01 90,905.61 164,327.82 Rostrum Realty Private Limited*HoldcoBank7,706.25 7,717.55 7,882.83 Oak Infrastructure Developers Private Limited*SPV of HoldcoBank1,873.61 2,742.38 2,739.11 Aspen Buildtech Private Limited*SPV of HoldcoBank2,444.56 3,159.03 3,155.24 Rostrum Realty Private Limited*Joint venture of REITREIT1,997.38 - - Arnon Builders & Developers Private Limited*SPV of HoldcoBank2,960.16 2,956.99 3,196.65 16,981.96 16,575.95 16,973.83 169,444.97 107,481.56 181,301.65 HDFC Bank Limited LRDSubtotal of Joint Venture's Borrowings (B)Grand Total Borrowings (A+B)Subtotal of SPV's and REIT Borrowings (A)HDFC Bank Limited LRDHDFC Bank Limited LRDHDFC Bank Limited LRDBrookfield India Real Estate Trust Loan Arliga Ecoworld Business Parks Private Limited SPVState Bank of India LRDBank of Baroda LRDPunjab National Bank LRD360 One Real Assets Advantage Fund NCDBank Reco Iris Private Limited NCDReco Cerium Private Limited CCDReco Europium Private Limited CCDCandor Gurgaon One Realty Projects Private Limited SPV Other Reco Iris Private Limited NCDReco Rock Private Limited NCDBrookfield India Real Estate Trust REIT/TrustNA** NCDNBFC Bajaj Housing Finance Limited LRDFTLCandor Gurgaon One Realty Projects Private Limited SPVBank ICICI Bank Limited RTLAxis Bank Limited RTLKairos Properties Private Limited SPVBank Axis Bank Limited RTLICICI Bank Limited RTLCandor Kolkata One Hi-Tech Structures Private Limited SPVBank HDFC Bank Limited LRD & LOCCFNet Borrowings Ratio (D/E)Name of lender Nature of debt ^Shantiniketan Properties Private Limited SPV Bajaj Housing Finance Limited LRDCash and Cash Equivalents (refer note b)Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+B-C)Value of REIT assets (refer note c)Borrowings (refer note a)Deferred Payments (Refer note 14)Particulars
Page 44
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results^ Nature of debt LRD - Lease rent discounting.LOC - Line of creditRTL - Rupee term loanFTL - Flexi term loanCF- Construction financeCCD- Compulsorily Convertible DebenturesNCD- Non convertible debenturesb. Breakup of Cash and Cash Equivalents :Cash and Cash Equivalents as on 30 June 2026(Unaudited)Cash and Cash Equivalents as on 30th June 2025(Unaudited)Cash and Cash Equivalents as on 31st March 2026(Audited)Candor Kolkata One Hi-Tech Structures Private Limited577.76 579.41 504.97 237.78 294.59 221.59 279.38 280.39 724.55 2,767.45 378.40 244.02 889.16 815.16 912.15 798.90 1,159.58 1,094.72 2,364.89 - 565.04 68.99 29.86 55.34 20,462.23 2,365.37 2,393.11 31.44 67.96 26.69 28,477.98 5,970.72 6,742.18 34.54 61.90 28.21 226.31 278.02 374.20 792.48 559.45 787.30 18.50 44.44 47.12 1,071.83 943.81 1,236.82 29,549.81 6,914.53 7,979.01 Rostrum Realty Private Limited*Oak Infrastructure Developers Private Limited*Aspen Buildtech Private Limited*Subtotal of Joint Venture's Cash and Cash Equivalents (B)Grand Total Cash and Cash Equivalents (A+B)Festus Properties Private Limited** Pursuant to the SEBI Masler Circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025, the names of the lenders are required to be given for borrowings, Listed Non-Convertible Debentures(NCDs)are actively traded in the secondary market, resulting in frequent changes in ownership and therefore lender names for these instruments have not been provided.EntityShantiniketan Properties Private LimitedArnon Builders & Developers Private Limited*Seaview Developers Private LimitedCandor Gurgaon One Realty Projects Private LimitedKairos Properties Private LimitedArliga Ecoworld Business Parks Private LimitedCandor India Office Parks Private LimitedBrookfield India Real Estate TrustMountainstar India Office Parks Private LimitedSubtotal of SPV's Cash and Cash Equivalents (A)
Page 45
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Resultsc. Breakup of value of REIT assets :Fair value of Investment property and Investment property under development#Other assets at book value (as per consolidated balance sheet excluding Cash and Cash equivalents)Total Value of REIT Assets as on 30 June 2026Fair value of Investment property and Investment property under development^Other assets at book value (as per consolidated balance sheet excluding Cash and Cash equivalents)Total Value of REIT Assetsas on 30 June 202584,321.58 2,218.15 86,539.73 75,667.41 2,845.00 78,512.41 29,484.69 192.54 29,677.23 27,076.43 500.13 27,576.56 31,981.35 1,502.77 33,484.12 29,168.00 1,179.00 30,347.00 49,409.61 1,739.37 51,148.98 45,225.75 1,961.78 47,187.53 60,488.91 1,231.75 61,720.66 55,985.07 1,767.65 57,752.72 85,749.61 1,302.58 87,052.18 78,270.00 1,450.62 79,720.62 148,279.26 2,442.83 150,722.09 - - - - 297.27 297.27 - 122.49 122.49 - 4,042.54 4,042.54 - 34.00 34.00 - 12.10 12.10 - 32.64 32.64 489,715.01 14,981.90 504,696.91 311,392.66 9,893.31 321,285.97 8,878.31 253.54 9,131.85 7,889.00 396.67 8,285.67 14,026.55 493.55 14,520.10 12,506.50 526.18 13,032.68 9,428.10 366.25 9,794.35 8,507.00 364.68 8,871.68 5,456.20 106.42 5,562.62 5,172.50 101.16 5,273.66 37,789.16 1,219.76 39,008.92 34,075.00 1,388.68 35,463.68 527,504.17 16,201.66 543,705.83 345,467.66 11,281.99 356,749.65 Oak Infrastructure Developers Private Limited*Aspen Buildtech Private Limited*Arnon Builders & Developers Private Limited*Subtotal of Joint Venture's value of REIT assets (B)Grand Total value of REIT assets (A+B)Candor India Office Parks Private LimitedBrookfield India Real Estate TrustMountainstar India Office Parks Private LimitedSubtotal of SPV's value of REIT assets (A)Rostrum Realty Private Limited*Arliga Ecoworld Business Parks Private LimitedEntityCandor Kolkata One Hi-Tech Structures Private LimitedShantiniketan Properties Private LimitedFestus Properties Private LimitedSeaview Developers Private LimitedCandor Gurgaon One Realty Projects Private LimitedKairos Properties Private Limited As on 30 June 2026(Unaudited) As on 30 June 2025(Unaudited)
Page 46
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial ResultsEntityFair value of Investment property and Investment property under development#Other assets at book value (as per consolidated balance sheet excluding Cash and Cash equivalentsTotal Value of REIT Assetsas on 31 March 2026Candor Kolkata One Hi-Tech Structures Private Limited 84,321.58 2,229.51 86,551.10 Shantiniketan Properties Private Limited 29,484.69 361.38 29,846.07 Festus Properties Private Limited 31,981.35 1,199.41 33,180.76 Seaview Developers Private Limited 49,409.61 1,876.68 51,286.29 Candor Gurgaon One Realty Projects Private Limited 60,488.91 1,400.38 61,889.27 Kairos Properties Private Limited 85,749.61 1,178.95 86,928.55 Arliga Ecoworld Business Parks Private Limited 148,279.26 2,326.67 150,605.93 Candor India Office Parks Private Limited - 278.51 278.51 Brookfield India Real Estate Trust - 8.61 8.61 Mountainstar India Office Parks Private Limited - 11.38 11.38 Subtotal of SPV's value of REIT assets (A) 489,715.00 10,871.48 500,586.48 Rostrum Realty Private Limited* 8,878.31 278.27 9,156.57 Oak Infrastructure Developers Private Limited* 14,026.55 452.34 14,478.89 Aspen Buildtech Private Limited* 9,428.10 359.03 9,787.13 Arnon Builders & Developers Private Limited* 5,456.20 93.29 5,549.49 Subtotal of Joint Venture's value of REIT assets (B) 37,789.16 1,182.92 38,972.08 Grand Total value of REIT assets (A+B) 527,504.16 12,054.40 539,558.56 As on 31 March 2026(Audited)
Page 47
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results*Brookfield India REIT holds 50% ownership interest in Rostrum Realty Private Limited and is accounted as an equity method investee. The proportionate shareof50% of the borrowings, cash & cash equivalents and REIT assets of Rostrum Realty Private Limited and its subsidiaries is considered for computing theNetBorrowings Ratio.# Fair value of Investment property and Investment property under development is considered as per valuation report of 31 March 2026 issued by thevaluerappointed under the REIT Regulations.^ Fair value of Investment property and Investment property under development is considered as per valuation report of 31 March 2025 issued by the valuer appointed under the REIT Regulations.Brookfield India REIT considersas an integral part of the ownership of the real estate assets which are fair valued by the valuer appointed undertheREIT regulations and therefore are included in the value of REIT assets for computing the above ratio.Fair value of Investment property and Investment property under development include impact of lease rent equalization. Hence the carrying amount of leaserentequalization have been reduced from other assets.Fair value of Investment property and Investment property under development include fair value pertaining to a property, which is for captive use w.e.f. 27December2024 and hence classified as property plant and equipment in the consolidated financials. Therefore, the carrying amount of said property has been excluded fromother assets.
Page 48
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 Related Party DisclosuresA.Sponsor groupd) Project Diamond Holdings (DIFC) Limited (Project Diamond)Entity having significant influence*Brookfield Corporation (formerly known as Brookfield Asset Management Inc.) (w.e.f. 19 March 2025)Group companies of entity having significant influencec) Brookfield HRS TS LLCi) Project Diamond FPI Holdings (DIFC) Limitedj) Schloss Chanakya Pvt. Ltd.k) Summit Digital Infrastructure Limitedl) Brooksolutions Global Services Private Limitedm) Transition Cleantech Services Private Limitedn) Elevar Digitel Infrastructure Private Limitedo) Arliga India Office Parks Private Limitedp) Transition Energy Services Private Limitedq) Brookfield Corporation (Formerly known as Brookfield Asset Management Inc.)r) Schloss Bangalore Limited (formerly known as Schloss Bangalore Pvt Ltd)s) Cole-Parmer India Pvt. Ltd.t) Arliga Azure Projects Private Limitedu) Arliga Galleria (India) Private Limited v) Arliga North Star Projects Private Limitedw) Arliga Ecospace Business Parks Private Limitedx) Arliga 45Icon Business Parks Private Limitedy) Arliga Millenia Business Parks Private Limitedz) Arliga Whitefield Business Parks Private Limitedaa) Arliga Azure Business Parks Private Limitedab) Arliga Eco 4D Business Parks Private Limitedac) Crest Digitel Private Limitedad) Arliga Ecoworld Infrastucture Private Limitedae) Striton Properties Private Limitedaf) Brookprop Property Management Services Private Limited h) Clean Max Enviro Energy Solutions Private Limiteda) BSREP III New York FDI I (DIFC) Limitedb) CleanMax IPP 1 Private Limitedd) Aerobode One Private Limitede) Cowrks India Private limitedf) Clean Max Cogen Solutions Private Limitedg) Equinox Business Parks Private Limitedc) BSREP India Office Holdings Pte. Ltd. (BSREP India Holdings) ( till 18 June 2025)Related parties to Brookfield India REIT as at 30 June 2026BSREP India Office Holdings V Pte. Ltd. - SponsorBrookprop Management Services Private Limited - Investment Manager or ManagerAxis Trustee Services Limited - Trusteea) BSREP II India Office Holdings II Pte. Ltd. (BSREP II India)b) BSREP India Office Holdings III Pte Ltd. (BSREP India Office III)
Page 49
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Associates of Subsidiaries`Joint VentureOther related parties with whom the transactions have taken place during the period/yearDirectors & Key personnel of the Investment Manager (Brookprop Management Services Private Limited)DirectorsShashank Jain- Chief Executive Officer and Managing Director (w.e.f. 01 July 2026)Akila Krishnakumar (Independent Director)Shailesh Vishnubhai Haribhakti (Independent Director)Ankur Gupta (Non-Executive Director)Rajnish Kumar (Independent Director) (w.e.f. 30 March 2023)Keki Mistry (Independent Director w.e.f 23 June 2025)Rachit Kothari (Non-Executive Director w.e.f 23 June 2025)Ananya Tripathi ( Non- Executive Director w.e.f 25 June 2026)Thomas Jan Sucharda (Non-Executive Director) (w.e.f. 30 March 2023 till 25 June 2026)Key Managerial Personnel of SPV's- Candor Kolkata One Hi-Tech Structures Private Limited Subrata Ghosh- Director (till 31 March 2025) and Executive Director (w.e.f. 01 April 2025)- Festus Properties Private Limited Chirag Banga- Company Secretary (w.e.f. 02 December 2024)- Shantiniketan Properties Private LimitedJuhi Sen - Company Secretary (w.e.f. 24 April 2023)- Mountainstar India Office Parks Private LimitedDavinder Arora - Company Secretary (till 08 April 2025)Jairaj Vikas Verma - Company Secretary (w.e.f. 01 May 2025 and till 29 July 2025)Ravi Kumar - Company Secretary (w.e.f. 17 November 2025 till 29 April 2026)Amit Jain - Chief Financial Officer - India office business (w.e.f. 09 May 2024, till 10 July 2026) and Key Personnel (w.e.f 07 January 2025 till 10 July 2026)Ankit Gupta- President - India office business (w.e.f. 09 May 2024 till 08 May 2025)Saurabh Jain- Compliance Officer Reco Cerium Private Limited (w.e.f. 18 August 2023) Reco Rock Private Limited (w.e.f. 18 August 2023)Reco Iris Private Limited (w.e.f. 18 August 2023)Reco Europium Private Limited (w.e.f. 28 August 2023)Rostrum Realty Private Limited (w.e.f 21 June 2024)Axis Bank Limited - Promotor of TrusteeKey Personnels and Key Management PersonnelAlok Aggarwal - Chief Executive Officer and Managing Director- India office business till 30 June, 2026Saket Mehta - (w.e.f. 11 July 2026)Head of Finance
Page 50
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 B. Related party transactionsNature of transaction/ Entity's Name For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Trustee Fee Expense - Axis Trustee Services Limited 1.29 1.28 0.74 5.19 Total 1.29 1.28 0.74 5.19 Reimbursement of expenses incurred by (excluding GST)- Brookprop Management Services Private Limited3.00 - - 3.00 - Brookprop Property Management Services Private Limited73.98 81.69 70.62 297.34 - BSREP India Office Holdings V Pte. Ltd.14.13 (0.76) - 13.48 - Cowrks India Private limited0.87 1.18 0.22 4.47 - Schloss Chanakya Pvt. Ltd.- - - 0.04 - Equinox Business Parks Private Limited- - 0.01 - - Arliga India Office Parks Private Limited14.18 32.59 - 34.48 - Arliga Ecoworld Infrastrucure Private Limited- - - 195.00 Total 106.16 114.70 70.85 547.81 Reimbursement of expenses incurred on behalf of (excluding GST)- Aerobode One Private Limited- (0.29) 0.27 0.52 - Brookprop Property Management Services Private Limited11.36 19.75 6.94 42.90 - Striton Properties Private Limited 1.35 0.76 0.18 2.56 - Equinox Business Parks Private Limited- 0.00 0.36 0.42 - Arliga India Office Parks Private Limited3.03 3.05 3.75 12.81 - Rostrum Realty Private Limited 1.89 2.36 3.20 10.15 - Cole-Parmer India Pvt. Ltd.- - - 0.23 - Cowrks India Private Limited- - - 0.32 Total 17.63 25.63 14.70 69.91 Internet & Connectivity Charges- Brookfield HRS TS LLC11.98 11.30 8.24 38.39 Total 11.98 11.30 8.24 38.39 Rental Income-Clean Max Enviro Energy Solutions Private Limited0.21 0.09 0.22 0.54 -CleanMax IPP 1 Private Limited0.34 0.17 0.36 0.89 -Clean Max Cogen Solutions Pvt. Ltd.2.34 1.79 2.18 7.40 -Striton Properties Private Limited0.12 - - - -Cowrks India Private limited268.34 256.95 21.38 542.41 -Summit Digital Infrastructure Limited2.18 3.84 2.06 8.26 -Brooksolutions Global Services Private Limited27.99 12.26 28.08 112.53 -Cole-Parmer India Pvt. Ltd.3.64 0.53 - 13.86 -Brookprop Property Management Services Private Limited- 1.85 - 1.85 - Elevar Digitel Infrastructure Private Limited (Formerly Known as ATC Telecom Infrastructure Private Limited)- 0.66 - 0.93 -Arliga India Office Parks Private Limited10.27 10.27 - 11.07 -Arliga Azure Projects Private Limited0.07 0.07 - 0.07 -Arliga Galleria (India) Private Limited 0.07 0.07 - 0.07 -Arliga North Star Projects Private Limited0.05 0.07 - 0.07 Arliga Ecoworld Infrastructure Private Limited 0.12 - - - -Arliga Ecospace Business Parks Private Limited0.06 0.06 - 0.07 -Arliga 45Icon Business Parks Private Limited0.06 0.06 - 0.07 -Arliga Millenia Business Parks Private Limited0.00 0.06 - 0.07 -Arliga Whitefield Business Parks Private Limited0.06 0.06 - 0.07 -Arliga Azure Business Parks Private Limited0.00 0.06 - 0.07 -Arliga Eco 4D Business Parks Private Limited 0.06 0.06 - 0.07 -Crest Digitel Private Limited 0.37 0.39 - 0.44 Total 316.35 289.37 54.27 700.81
Page 51
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 B. Related party transactionsNature of transaction/ Entity's Name For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Power and fuel expenses-Clean Max Enviro Energy Solutions Private Limited0.36 0.25 0.26 0.88 -Transition Cleantech Services Private Limited42.70 40.72 47.11 155.81 -Transition Energy Services Pvt. Ltd.29.47 42.02 19.69 132.41 -CleanMax IPP 1 Private Limited0.53 0.39 0.55 1.49 -Clean Max Cogen Solutions Private Limited 6.37 4.15 5.40 17.73 Total 79.43 87.53 73.01 308.32 Income from maintenance services-Elevar Digitel Infrastructure Private Limited (Formerly Known As ATC Telecom Infrastructure Private Limited)0.02 (0.63) 0.03 0.11 -Cowrks India Private Limited57.23 43.17 4.56 45.72 -Summit Digital Infrastructure Limited0.10 0.39 0.10 0.39 -Brooksolutions Global Services Private Limited4.44 15.79 3.73 15.79 -Cole-Parmer India Pvt. Ltd.0.47 1.76 - 1.76 -Arliga India Office Parks Private Limited1.82 1.75 - 1.94 -Arliga Azure Projects Private Limited0.01 0.01 - 0.01 -Arliga Galleria (India) Private Limited 0.01 0.01 - 0.01 -Arliga North Star Projects Private Limited0.01 0.01 - 0.01 -Arliga Ecospace Business Parks Private Limited 0.01 0.01 - 0.01 Arliga Ecoworld Infrastruture Private Limited0.01 - - - -Arliga 45Icon Business Parks Private Limited0.01 0.01 - 0.01 -Arliga Millenia Business Parks Private Limited- 0.01 - 0.01 -Arliga Whitefield Business Parks Private Limited0.01 0.01 - 0.01 -Crest Digitel Private Limited0.61 0.50 - 0.60 -Arliga Azure Business Parks Private Limited- 0.01 - 0.01 -Arliga Eco 4D Business Parks Private Limited0.01 0.01 - 0.01 Total 64.77 62.82 8.42 66.40 Issue of 10.5% unsecured Non convertible debentures-Reco Iris Private Limited- - - 1,000.00 - Reco Rock Private Limited - - - 1,000.00 Total - - - 2,000.00 Interest expenses on unsecured 10.5% Non convertible debenture-Reco Iris Private Limited26.42 26.08 - 62.36 - Reco Rock Private Limited 26.42 26.08 - 62.24 Total 52.84 52.16 - 124.60 Payment of Interest expense on liability of 10.50% Non convertible debentures-Reco Iris Private Limited26.08 26.54 - 36.28 - Reco Rock Private Limited 26.08 26.54 - 36.16 52.16 53.08 - 72.44 Interest expense on 12.50% Non convertible debentures- Reco Iris Private Limited 112.67 127.28 197.02 636.23 - Reco Rock Private Limited 3.84 3.79 35.55 55.12 Total 116.51 131.07 232.57 691.35 Interest expense on liability component of compound financial instrument- Reco Cerium Private Limited5.17 5.52 7.17 25.14 Total 5.17 5.52 7.17 25.14 Repayment of 12.5% Non convertible debenture-Reco Iris Private Limited583.50 557.00 264.00 2,484.00 -Reco Rock Private Limited - - - 1,000.00 Total 583.50 557.00 264.00 3,484.00 Interest expense on compulsory convertible debentures-Reco Europium Private Limited95.82 95.11 95.02 384.05 Total 95.82 95.11 95.02 384.05
Page 52
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 B. Related party transactionsNature of transaction/ Entity's Name For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Payment of liability component of compound financial instrument- Reco Cerium Private Limited14.04 13.50 12.00 50.95 Total 14.04 13.50 12.00 50.95 Payment of interest on compulsory convertible debentures- Reco Europium Private Limited203.18 103.20 100.84 409.43 Total 203.18 103.20 100.84 409.43 Payment of interest on liability component of compound financial instrument- Reco Cerium Private Limited19.12 19.12 19.11 76.52 Total 19.12 19.12 19.11 76.52 Payment of interest on 12.5% Non convertible debenture- Reco Iris Private Limited127.28 146.34 163.98 711.77 - Reco Rock Private Limited 3.79 3.95 22.96 86.20 Total 131.07 150.29 186.94 797.97 Property management fees- Brookprop Property Management Services Private Limited190.47 192.19 130.12 594.09 - Cowrks India Private limited64.00 92.25 30.26 211.71 Total 254.47 284.44 160.38 805.80 Investment management fees- Brookprop Management Services Private Limited 52.31 53.86 36.35 176.78 Total 52.31 53.86 36.35 176.78 Compensation to key management personnel of SPV's- Short-term employee benefits2.97 8.48 3.43 17.27 - Post-employment benefits*- - - - - Other long-term benefits0.18 0.32 0.21 0.86 Total 3.15 8.80 3.64 18.13 Provision for Gratuity and compensated absences transfer from #- Arliga India Office Parks Private Limited6.23 - 0.06 0.06 - Striton Properties Private Limited0.55 - - - - Rostrum Realty Private Limited - - 0.01 1.37 Total 6.78 - 0.07 1.43 Provision for Bonus transfer to-Rostrum Realty Private Limited- 0.00 - 0.03 - 0.00 - 0.03 Provision for Bonus transfer from# - - Arliga India Office Parks Private Limited 2.12 - - 0.06 -Rostrum Realty Private Limited - - 0.96 2.12 - - 1.02 #This amount relates to provision for gratuity, bonus and compensated absences transferred on account of transfer of employees.Repayment of Unit Capital- BSREP India Office Holdings V Pte. Ltd.44.40 39.00 146.12 263.72 - BSREP India Office Holdings Pte Ltd.- - 69.56 69.56 - BSREP II India Office Holdings II Pte. Ltd.93.16 81.83 84.98 331.74 - BSREP India Office Holdings III Pte. Ltd.300.76 264.18 99.16 895.78 - Project Diamond Holdings (DIFC) Limited 37.58 33.01 34.28 133.82 Total 475.90 418.02 434.10 1,694.62 Interest Distributed- BSREP India Office Holdings V Pte. Ltd.24.00 23.85 106.61 186.56 - BSREP India Office Holdings Pte. Ltd.- - 50.75 50.75 - BSREP II India Office Holdings II Pte. Ltd.50.36 50.04 62.00 229.76 - BSREP India Office Holdings III Pte. Ltd.162.57 161.56 72.35 613.93 - Project Diamond Holdings (DIFC) Limited 20.31 20.19 25.01 92.69 Total 257.24 255.64 316.72 1,173.69 *As the liabilities for the gratuity and compensated absences are provided on an actuarial basis, and calculated for the respective SPV as a whole, the said liabilities pertaining specifically to KMP are not known for current period and hence, not included here.
Page 53
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 B. Related party transactionsNature of transaction/ Entity's Name For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Other Income Distributed- BSREP India Office Holdings V Pte. Ltd.0.90 4.05 2.16 7.11 - BSREP India Office Holdings Pte. Ltd.- - 1.03 1.03 - BSREP II India Office Holdings II Pte. Ltd.1.89 8.50 1.26 11.65 - BSREP India Office Holdings III Pte. Ltd.6.10 27.43 1.47 35.00 - Project Diamond Holdings (DIFC) Limited 0.76 3.43 0.51 4.70 Total 9.65 43.41 6.43 59.49 Dividend Distributed- BSREP India Office Holdings V Pte. Ltd.13.20 14.10 29.22 65.22 - BSREP India Office Holdings Pte Ltd.- - 13.91 13.91 - BSREP II India Office Holdings II Pte. Ltd.27.70 29.59 17.00 92.53 - BSREP India Office Holdings III Pte. Ltd.89.42 95.51 19.83 263.68 - Project Diamond Holdings (DIFC) Limited 11.17 11.93 6.86 37.33 Total 141.49 151.13 86.82 472.67 - Brookfield Corporation (Formerly known as Brookfield Asset Management Inc.)- 1.65 1.30 3.01 Total - 1.65 1.30 3.01 Repair and maintenance / Miscellaneous Expenses/Marketing and advertisement expenses- Striton Properties Private Limited- 0.01 0.97 1.12 - Schloss Chanakya Pvt. Ltd.- - - 0.04 - Schloss Bangalore Limited (formerly known as Schloss Bangalore Pvt Ltd)- 0.02 (0.02) - -Axis Trustee Services Limited0.04 - - - -Equinox Business Parks Private Limited0.01 - - - Total 0.05 0.03 0.95 1.16 Amount received on account of term loan from bank- Axis Bank Limited185.00 306.00 116.80 3,645.80 Total 185.00 306.00 116.80 3,645.80 Repayment of term loan from bank- Axis Bank Limited- - - 1,957.44 Total - - - 1,957.44 Interest on term loan from bank- Axis Bank Limited402.92 400.78 414.42 1,659.84 Total 402.92 400.78 414.42 1,659.84 Payment towards other borrowing cost (excluding GST)- Axis Trustee Services Limited - - - 0.38 - Axis Bank Limited- - - 10.25 Total - - - 10.63 Deposits with banks made- Axis Bank Limited11,556.84 9,471.46 7,535.82 112,373.34 Total 11,556.84 9,471.46 7,535.82 112,373.34 Deposits with banks matured- Axis Bank Limited12,899.35 23,379.24 7,273.07 111,853.52 Total 12,899.35 23,379.24 7,273.07 111,853.52 Interest income on deposits with banks- Axis Bank Limited24.79 45.53 29.29 367.02 Total 24.79 45.53 29.29 367.02 Reimbursement towards withholding tax liability on Restricted Stock Unit
Page 54
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results11 B. Related party transactionsNature of transaction/ Entity's Name For the quarter ended 30 June 2026(Unaudited) For the quarter ended 31 March 2026(Unaudited) For the quarter ended 30 June 2025(Unaudited) For the year ended 31 March 2026(Audited) Interest Income on security deposit- Brooksolutions Global Services Private Limited2.68 2.54 2.54 10.20 - Cowrks India Private Limited6.12 10.04 0.41 11.30 - Cole-Parmer India Pvt. Ltd.0.21 0.22 0.87 Total 9.01 12.80 2.95 22.37 Interest cost on security deposit- Brooksolutions Global Services Private Limited2.70 2.50 2.33 9.70 - Cowrks India Private Limited5.47 4.25 0.37 10.00 - Cole-Parmer India Pvt. Ltd.0.24 0.24 0.92 Total 8.41 6.99 2.70 20.62 Other expense (excluding GST)- Schloss Chanakya Private Limited - (0.00) - 0.52 Total - (0.00) - 0.52 Security deposit received- Cowrks India Private Limited- 48.90 - 324.66 Total - 48.90 - 324.66 (Gain)/ Loss on derivative instrument at fair value through profit and loss - Reco Europium Private Limited (35.20) 45.20 - 49.65 Total (35.20) 45.20 - 49.65 Dividend Income- Rostrum Realty Private Limited 405.35 382.36 - 1,486.07 Total 405.35 382.36 - 1,486.07 Conversion of 14% compulsory convertible debentures into Non Controlling Interest (Net of derivative assets)-Reco Europium Private Limited 2,067.93 - - - Total 2,067.93 - - - Unsecured loan given to - Rostrum Realty Private Limited 3,990.00 - - - Total 3,990.00 - - - Interest Income on Loans to Joint venture- Rostrum Realty Private Limited 4.76 - - - Total 4.76 - - -
Page 55
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results As at30 June 2026(Unaudited) As at31 March 2026(Audited) Trade Payables (net of withholding tax)- Brookprop Management Services Private Limited 49.87 49.20 - Brookfield HRS TS LLC 19.82 9.60 - Brookprop Property Management Services Private Limited 113.43 67.04 - Striton Properties Private Limited 0.18 0.18 - Clean Max Enviro Energy Solutions Private Limited 0.15 0.03 - Transition Cleantech Services Private Limited 74.15 72.62 - Cowrks India Private limited 153.64 143.08 - Equinox Business Parks Private Limited 0.01 - - Transition Energy Services Private Limited 26.99 38.87 - Clean Max Cogen Solutions Private Limited 0.41 0.52 - CleanMax IPP 1 Private Limited 0.10 0.05 - Arliga India Office Parks Private Limited 3.16 3.16 - Axis Trustee Services Limited 0.01 - Total 441.92 384.35 Other Payables (net of withholding tax)- BSREP India Office Holdings V Pte. Ltd. 15.26 - -Rostrum Realty Private Limited - 0.04 -Arliga North Star Projects Private Limited - 2.15 -Arliga Azure Projects Private Limited - 9.24 -Arliga India Office Parks Private Limited 41.77 29.01 - Arliga Ecoworld Infrastucture Private Limited 20.15 - Total 77.18 40.44 Prepaid expenses- Brookprop Property Management Services Private Limited - 0.06 - Axis Trustee Services Ltd 4.01 - Total 4.01 0.06 Other receivables- Brookfield Corporation (Formerly known as Brookfield Asset Management Inc.)0.78 3.52 - Striton Properties Private Limited 2.58 0.68 - Brookprop Property Management Services Private Limited 24.75 13.72 - Rostrum Realty Private Limited 4.39 3.58 - Arliga Ecoworld Infrastucture Private Limited - 263.91 - Arliga India Office Parks Private Limited 14.71 3.45 Total 47.21 288.86 Lease rent equalization- Brooksolutions Global Services Private Limited 23.29 26.98 - Cole-Parmer India Private Limited (0.07) 0.66 - Cowrks India Private Limited 69.96 44.87 Total 93.18 72.51 12.50% Non convertible debentures- Reco Iris Private Limited 3,422.27 4,018.19 - Reco Rock Private Limited 125.27 125.22 Total 3,547.54 4,143.41 Outstanding balances
Page 56
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results As at30 June 2026(Unaudited) As at31 March 2026(Audited) Outstanding balances10.5% Non convertible debentures-Reco Iris Private Limited1,022.46 1,022.17 - Reco Rock Private Limited 1,022.46 1,022.17 Total 2,044.92 2,044.34 14% Compulsorily Convertible Debentures-Reco Europium Private Limited 1,204.37 3,533.67 Total 1,204.37 3,533.67 Derivative Assets-Reco Europium Private Limited 90.97 224.70 Total 90.97 224.70 Security deposit from lessee-Cowrks India Private limited 372.92 302.83 -Brooksolutions Global Services Private Limited 114.00 112.39 -Cole-Parmer India Private Limited 11.08 10.84 -Crest Digitel Private Limited 0.36 0.36 -Elevar Digitel Infrastructure Private Limited 0.26 0.26 Total 498.62 426.68 Liability component of compound financial instrument- Reco Cerium Private Limited 124.45 138.21 Total 124.45 138.21 Term loans from banks- Axis Bank Limited 22,158.89 21,968.96 Total 22,158.89 21,968.96 Deferred Income -Elevar Digitel Infrastructure Private Limited 0.12 0.32 -Cowrks India Private Limited71.26 77.38 -Brooksolutions Global Services Private Limited14.21 15.95 -Cole-Parmer India Private Limited0.08 0.29 -Summit Digital Infrastructure Limited4.25 4.21 Total 89.92 98.15
Page 57
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results As at30 June 2026(Unaudited) As at31 March 2026(Audited) Outstanding balancesTrade receivables-Summit Digital Infrastructure Limited - 0.43 -Brookprop Property Management Services Private Limited - 1.95 -Brooksolutions Global Services Private Limited 0.45 0.39 -Elevar Digitel Infrastructure Private Limited) 0.79 0.78 -Clean Max Cogen Solutions Private Limited 0.21 0.60 -Cowrks India Private Limited 0.89 2.13 -Arliga India Office Parks Private Limited 15.70 0.58 -Arliga Whitefield Business Parks Private Limited 0.10 0.01 -Arliga Ecospace Business Parks Private Limited 0.16 0.06 -Arliga 45ICON Business Parks Private Limited 0.16 0.05 -Crest Digitel Private Limited 2.79 2.65 -Arliga Azure Business Parks Private Limited 0.01 0.01 -Arliga Azure Projects Private Limited 0.12 0.00 -Arliga Eco 4D Business Parks Private Limited 0.10 0.01 -Arliga Galleria India Private Limited 0.12 0.00 -Arliga Northstar Projects Private Limited 0.12 0.00 -Cole-Parmer India Private Limited 0.03 0.06 Total 21.75 9.71 Deferred consideration payable-BSREP III New York FDI I (DIFC) Limited10,422.59 10,222.15 Total10,422.59 10,222.15 Balance with banks (in current accounts)- Axis Bank Limited 23.29 21.98 Total 23.29 21.98 Balance with banks (in deposit accounts)-Cash and cash equivalents- Axis Bank Limited 2,117.00 3,466.44 Total 2,117.00 3,466.44 Balance with banks (in deposit accounts)-Other bank balances- Axis Bank Limited 195.95 189.01 Total 195.95 189.01 Interest accrued but not due on deposits with banks- Axis Bank Limited 10.89 6.67 Total 10.89 6.67 Capital Creditor- Arliga India Office Parks Private Limited - 20.67 Total - 20.67 Unsecured loans receivable (Non- Current)- Rostrum Realty Private Limited3,990.00 - Total 3,990.00 - Investment in equity acccounted investee- Rostrum Realty Private Limited8,302.88 8,831.15 Total 8,302.88 8,831.15 Interest accrued but not due on Loan to JV- Rostrum Realty Private Limited4.76 - Total 4.76 -
Page 58
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results12 1314The security cover on the Listed NCDs exceeds hundred and fifty percent of the principal amounts of the said NCDs, determined as per thetermsset out under Debenture Trust Deed.*First ranking sole and exclusive charge by way of mortgage has been created on 13 May 2026 as per the terms set out under DebentureTrustDeed.On 24 December 2025, Brookfield India REIT acquired 100% of the equity shares of Arliga Ecoworld Business Parks Private Limitedfrom a related party, BSREP III New York FDI I (DIFC) Limited, a group company of Brookfield Corporation. Arliga Ecoworldisengaged in the business of constructing and leasing investment properties located in Bengaluru.The total cash consideration for the acquisition comprised: (i) an upfront consideration of Rs. 60,000.00 million, (ii) deferred consideration ofRs.11,250.00 million, payable on or before 18 months from the acquisition date, and (iii) variable consideration, payable subject toconditionsspecified in the share purchase agreement, capped at Rs. 2,000.00 million.Brookfield India REIT applied the optional concentration test in accordance with Ind AS 103and concluded thattheacquired set of activities and assets does not constitute a business, as substantially all of the fair value of the gross assets acquired isconcentratedin investment properties with similar risk characteristics. Accordingly, the acquisition has been accounted for as an asset acquisition. The total consideration for the asset acquisition is Rs. 70,063.02 million comprising of Rs. 60,000.00 million as upfront consideration,Rs.10,010.60 million as present value of deferred consideration and Rs. 52.42 million as transaction cost. The variable consideration (if any) willberecognised as an addition to the investment properties upon satisfaction of the specified conditions precedent as outlined in the sharepurchaseagreement. Disclosure required as per Paragraph 4.18.1 of SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 andRegulation 54(2) of SEBI (LODR) Regulations 2015 relating to Secured, Listed Non-Convertible Debentures :On 22 December 2025, Brookfield India REIT has issued and allotted 2,00,000 Sustainability Linked, Listed, Rated, Secured,Redeemable,Transferable, Non-Cumulative, Non-Convertible Debenturesat a face value of Rs. 1,00,000 each at 7.06% p.a., aggregating toRs.20,000.00 million with final redemption date as 20 December 2030. The net amount raised against issuance of these NCDs is Rs.19,969.20million which is after a discount of Rs. 30.80 million. Discount on NCDs is amortized over the tenure of the underlying instrument. TheseNCDsare listed on BSE on 23 December 2025.Debt at Face Valueas at 30 June 2026Name of Debt (NCD) Security2,00,000 (two lakhs) Sustainability - Linked Bonds intheform of listed, rated, secured, transferable,redeemable,non-cumulative non-convertible debentures inthedenomination of INR 1,00,000 (Indian Rupees onelakhonly) each and which are non-convertible at alltimescomprising the debentures in the aggregateprincipalamount up to INR 20,000,000,000 (Indian Rupeestwothousand crore only) 20,000.00 During the year ended 31 March 2026, the Government of India consolidated 29 existing labour legislations into a unified frameworkcomprisingfour Labour Codes, viz., The Code on Wages, 2019, The Code on Social Security, 2020, The Industrial Relations Code, 2020 andTheOccupational Safety, Health and Working Conditions Code 2020 (collectively referred to as theLabourThe New LabourCodeswere made effective from 21 November 2025. The Trust recognised the incremental impact underbenefitsintheConsolidated Financial Results for the previous year ended 31 March 2026. The Management will continue to monitor developments ontheRules to be notified by relevant regulation to assess accounting implications, if any, based on such developments.(i) a first ranking sole and exclusive charge by wayofhypothecation over all the rights, title, benefit andinterestof the Asset SPV (SDPL Noida) in respect oftheHypothecated Properties;(ii) a first ranking sole and exclusive pledge overthePledged Shares of SPV (SDPL Noida) by way ofapledge, each, in favour of the Debenture Trustee forthebenefit of the Debenture Holders(iii) first ranking sole and exclusive charge by wayofequitable mortgage over all the rights, title, benefitandinterest of the Asset SPV (SDPL Noida) in respect oftheMortgaged Properties*
Page 59
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results15 161718During the period, certain capital restructuring transactions were undertaken in Kairos Properties Private Limited (Kairos) and SeaviewDevelopers Private Limited, SPVs of the Trust.KairosOn 30 June 2026, 65% of the outstanding 14% unsecured compulsorily convertible debenturesof Kairos were converted intoequityshares in accordance with the terms of issue of the CCDs. Accordingly, 37,188,002 CCDs were converted into 865,442 equity shares. Pursuanttothe conversion, 432,721 equity shares were allotted to the Trust against 18,594,001 CCDs held by Brookfield India REIT, and 432,721equityshares were allotted to Reco Europium Private Limited, the non-controlling shareholder of Kairos. Pursuant to the conversion, BrookfieldIndiaREIT and Reco Europium Private Limited continued to hold 50% each of the equity share capital of Kairos. Consequently, the carryingamountof non-controlling interests increased to reflect the additional equity shares issued to Reco Europium Private Limited. The transaction didnotSeaview Developers Private LimitedOn 30 June 2026, all outstanding 15% unsecured compulsorily convertible debenturesof Seaview Developers Private Limited heldbyBrookfield India REIT were converted into equity shares in accordance with the terms of issue of the CCDs. Accordingly, 6,501 CCDs heldbyBrookfield India REIT were converted into 6,501 equity shares of Seaview Developers Private Limited of face value Rs. 10 each. Theconversionresulted in an increase in the paid-up equity share capital of Seaview Developers Private Limited by Rs. 65,010 and an increase insecuritiespremium of Rs. 299.04 million. Following the conversion, all outstanding CCDs of Seaview Developers Private Limited were extinguishedandno CCDs remained outstanding as at 30 June 2026. The transaction did not result in any change in Brookfield Indiaownership interestinSeaview Developers Private Limited, which continued to be a wholly owned subsidiary of Brookfield India REIT.On 30 June 2026, Brookfield India REIT made an additional investment in Seaview Developers Private Limited by subscribing to 2,343equityshares of face value Rs. 10 each on a rights basis at an issue price of Rs. 1,024,342.75 per equity share, for a total consideration of Rs.2,400.04million. The allotment included 1 equity share originally offered to Candor India Office Parks Private Limited, as nominee of BrookfieldIndiaREIT, which was renounced in favour of Brookfield India REIT. Pursuant to the allotment, the carrying amount of Brookfield Indiainvestment in Seaview Developers Private Limited increased by Rs. 2,400.04 million. Seaview Developers Private Limited continued to beawholly owned subsidiary of Brookfield India REIT and the additional investment did not result in any change in Brookfield Indiaownership interest or control over Seaview Developers Private Limited. The Issue Committee of the Board of Directors of Brookprop Management Services Private Limited, The Manager of Brookfield India REIT("Manager"), through a circular resolution passed on 22 April 2026 has approved the allotment of 80,495,356 units of Brookfield India REIT("Units") to successful eligible institutional investors, at the issue price of Rs. 323.00 per Unit, which includes a discount of Rs. 6.94 perUnit(i.e. 2.10%) on the floor price of Rs. 329.94 per Unit, raising an aggregate amount of Rs. 26,000 million, these units got listed on NSE and BSEon 22 April 2026. The Board of the Manager and the Unitholders approved, on 12 March 2026 and 07 April 2026, respectively, an investment by 360 ONERealAssets Advantage Fund (a scheme of 360 One Private Equity Fund), through itself and/or one or more of its affiliates ("Investor"), aggregatingtoRs. 11,250 million (rounded off) (together with a future commitment of up to Rs. 250 million) ("Investment").Pursuant to the aforesaid approvals, on 20 April 2026, Arliga Ecoworld allotted 110,584 equity shares aggregating to Rs. 10,865.50 millionand3,845 non-convertible debentures aggregating to Rs. 384.50 million to the Investor, resulting in the Investor (together with its affiliates)holding13.034% of the equity share capital of Arliga Ecoworld. The investment was undertaken in accordance with the Securities SubscriptionandShareholders' Agreement ("SSSHA") and the Debenture Subscription Agreement ("DSA") (collectively, the "Transaction Agreements") dated12March 2026 entered into among Brookfield India REIT, Arliga Ecoworld and the Investor. Under the terms of the Transaction Agreements, the Investor is granted a structured exit option exercisable within 30 days from thepublicationof quarterly financial results for the quarters between 31 March 2028, and 30 September 2031, through semi-annual windows. Upon theInvestorexercising its exit right, Brookfield India REIT may offer the Investor an exit option by way of a swap of units of Brookfield India REIT, orsuchother exit route as mutually agreed between Brookfield India REIT and the Investor, along with mandatory settlement of theNCDsalongside and proportionate to the equity exit. Further, Brookfield India REIT is granted a call option exercisable within 30 days fromthepublication of quarterly financial results for the quarters 31 March 2032 or 30 September 2032. Upon exercising its call option, BrookfieldIndiaREIT may offer the Investor an exit by way of a swap of units of Brookfield India REIT, or such other exit route as Brookfield India REITmaydecide along with mandatory settlement of theNCDs. In each of the above cases, the number of units in the swap will bedeterminedbased on an agreed NAV linked valuation mechanisms.The management evaluated the implications of the aforementioned rights with the Investor and Brookfield India REIT for the purposes oftheseconsolidated financial results for the quarter ended 30 June 2026 and has concluded that there is no material impact on account of such rightsonthese consolidated financial results for the quarter ended 30 June 2026.
Page 60
Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results19 Subsequent events:(a) Tax amendments (b) New acquisition transaction 202122For and on behalf of the Board of Directors ofBrookprop Management Services Private Limited(as Manager to the Brookfield India REIT)Shashank Jain Saket MehtaCEO and Managing Director Head of Finance DIN No. 11631926 Place: MumbaiPlace: Mumbai Date: 10 August 2026Date: 10 August 2026"0.00" Represents value less than Rs. 0.01 million.For the quarter ended 30 June 2025, Property tax recovered from tenants, which was previously netted off against "Rates and taxes" has beenreclassified and presented under "Income from maintenance services". This reclassification does not have material impact onthe consolidatedfinancial results.The figures for the quarter ended 31 March 2026 are the derived figures between the audited figures in respect ofthe year ended 31 March 2026and the unaudited published figures upto period ended 31 December 2025 which were subject to limited review by the statutory auditors.On6 August 2026, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which, upon enactment, would permit theTrust's SPVs to opt for the concessional tax regime under the Income-tax Act, subject to the prescribed higher surcharge, while continuingtopreserve dividend pass-through benefits for unitholders. The proposed amendment would also enable utilisation ofapplicable MAT creditsavailable under the erstwhile tax regime. As the Bill is yet to be enacted as at the date of approval ofthese Consolidated Financial Results, TheTrust has considered the proposed amendment as a non-adjusting subsequent event. Accordingly, no adjustment has been made intheseConsolidated Financial Results. Subsequent to the quarter ended 30 June 2026, the Board of our Manager on 10 August 2026 has approved toacquire a 50% effective stake (on afully diluted basis) in Parthos Properties Private LimitedSPVorby Brookfield India REIT (directly orthrough the TargetHoldco) from Project Diamond Holdings (DIFC) Limited and Project Cotton Holdings One (DIFC) Limited subject toapplicable law, and suchother terms and conditions as may be mutually agreed among the parties to the transaction and applicable regulatory approvals and as set outinsecurities purchase agreement dated 10 August 2026.
Page 61
Rostrum Realty Private Limited CIN: U70109HR2021PTC098965 Notes to the consolidated financial statements for the year ended June 30, 2026 35 Related party disclosure List of related parties (i) Names of other related parties with whom transactions have taken place during the year: Ultimate Holding Company -Brookfield Corporation (w.e.f. April 28, 2023 till March 18, 2025) Entities having joint control over the Company -Metallica Holdings (DIFC) Limited -Brookfield India Real Estate Trust Entity having significant influence over the Company - Brookfield Corporation (w.e.f. March 19, 2025) Group companies -Cowrks India Private Limited -Brookprop Property Management Services Private Limited -Brookfield HRS TS LLC -Schloss Chanakya Private Limited -Transition Cleantech Services Private Limited -Transition Energy Services Private Limited -Candor India Office Parks Private Limited -Arliga India Office Parks Private Limited Related party of the entity having joint control over the Company* -Axis Bank Limited (w.e.f. June 22, 2024) -Axis Trustees Services Limited (w.e.f. June 22, 2024) Key Management Personnel (KMP) Mr. Sushil Kumar Sayal, Director (w.e.f. April 28, 2023 upto June 21, 2024) Mr. Harjeet Singh Kohli, Director (w.e.f. November 03, 2021 upto June 21, 2024) Mr. Rachit Kothari, Director (w.e.f. April 28, 2023) Mr. Munish Dayal Mathur, Director (w.e.f. April 28, 2023 upto August 23, 2025) Mr. Amit Jain, Director (w.e.f. March 31, 2024 till March 12, 2025) Mr. Alvin Nithyanandh Nesaraj Selvam, Director (w.e.f. June 21, 2024 upto August 23, 2025) Mr. Anand Narendra Nagda, Additional Director (w.e.f. March 12, 2025 till March 27, 2025) Mr. Saket Mehta, Additional Director (w.e.f. March 27, 2025) now Director (w.e.f. September 10, 2025) Ms. Kriti Malay Doshi, Additional Director (w.e.f. August 23, 2025) now Director (w.e.f. September 10, 2025) Mr. Rakesh Sharma, Additional Director (w.e.f. August 23, 2025) now Director (w.e.f. September 10, 2025) Ms. Anshu Tomar, Company Secretary (w.e.f August 22, 2023 till November 30, 2024) Mr. Piyush Garg, Company Secretary (w.e.f. January 28, 2025 till October 03, 2025) Mr. Ankur Jain, Company Secretary (w.e.f. October 04, 2025) *Axis Bank Limited and Axis Trustees Services Limited though not "related parties" as per the definition under Ind AS 24, however they are related party to the entity having joint control over the Company i.e. Brookfield India Real Estate Trust as per Securities and Exchange Board of India (Real Estate Investment Trust) Regulations. Accordingly these parties have been considered as related party for disclosure purposes. Appendix III
Page 62
Rostrum Realty Private Limited CIN: U70109HR2021PTC098965 Notes to the consolidated financial statements for the year ended June 30, 2026 Particulars For the Quarter ended June 30, 2026 For the Quarter ended March 31, 2026 Transaction with the related parties: Rental Income Cowrks India Private Limited 46.39 47.62 Brookprop Property Management Services Private Limited 10.39 12.31 Purchase of services* Brookprop Property Management Services Private Limited 45.16 45.76 Brookfield HRS TS LLC 4.43 4.24 Transition Energy Services Private Limited 3.75 2.92 Transition Cleantech Services Private Limited 9.25 6.29 Cowrks India Private Limited 15.94 14.44 Reimbursement of expenses Brookprop Property Management Services Private Limited 39.82 25.53 Candor India Office Parks Private Limited 1.89 2.36 Dividend paid Metallica Holdings (DIFC) Limited 364.82 382.36 Brookfield India Real Estate Trust 405.35 382.36 Loan taken Brookfield India Real Estate Trust 3,990.00 - Interest expense Brookfield India Real Estate Trust 4.76 -
Page 63
Rostrum Realty Private Limited CIN: U70109HR2021PTC098965 Notes to the consolidated financial statements for the year ended June 30, 2026 Particulars For the period ended June 30, 2026 For the year ended March 31, 2026 Outstanding balances as at period end Due from : Trade receivables Cowrks India Private Limited 3.38 1.00 Brookprop Property Management Services Private Limited 1.37 0.20 Other receivables Mountainstar India Office Parks Private Limited - 0.04 Security Deposits Brookprop Property Management Services Private Limited - 7.89 Unbilled Revenue Cowrks India Private Limited 2.68 1.98 Brookprop Property Management Services Private Limited 1.05 0.68 Loan 3,990.00 - Brookfield India Real Estate Trust Interest accrued on loan from shareholders Brookfield India Real Estate Trust 4.76 - Prepaid expenses Brookprop Property Management Services Private Limited 0.71 0.91 Due to : Trade payables Brookfield HRS TS LLC 7.37 3.60 Brookprop Property Management Services Private Limited 62.20 22.86 Schloss Chanakya Private Limited - - Transition Cleantech Services Private Limited 4.44 3.79 Transition Energy Services Private Limited 2.11 2.00 Cowrks India Private Limited 29.97 21.04 Candor India Office Parks Private Limited 3.45 1.57 Other payable Brookprop Property Management Services Private Limited - 3.40 Arliga India Office Parks Private Limited - 0.27 Candor India Office Parks Private Limited - 1.08 Security deposit received Brookprop Property Management services Private Limited Cowrks India Private Limited 71.84 71.84 Compensation of key management personnel of the Company** Short term employee benefits Piyush Garg - 0.81 Ankur Jain 0.63 1.38 Long term employee benefits Piyush Garg - 0.04 Ankur Jain 0.04 0.08