Interim report
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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 November 02, 2026 BSE Limited The Corporate Relations Department, 25th Floor, P J T owers, Dalal Street Fort, Mumbai – 400 001 SCRIP CODE: 543261 SCRIP ID: BIRET NCD SCRIP CODE: 977393 NCD ISIN: INE0FDU07018 SCRIP CODE OF CP – 732621 SCRIP ID OF CP – BIRET21926 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), 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 November 02, 2026 – Financial Results Dear Sir/Ma’am, We wish to inform you that the Board of Directors of Brookprop Management Services Private Limited, the manager to Brookfield India Real Estate Trust (“Brookfield India REIT”), at its meeting held today i.e., Monday, November 02, 2026, has inter-alia: 1. Approved the Unaudited Standalone and Consolidated Financial Results of Brookfield India REIT for the quarter and half year ended September 30, 2026, along with the limited review report by the Statutory Auditors thereon. 2. Declared distribution of ₹ 4,730.32 million / ₹ 5.70 per unit for the quarter ended September 30, 2026. The distribution comprises of ₹ 1,278.02 million/ ₹ 1.54 per unit in the form of interest payment on shareholder loan, CCDs and NCDs, ₹ 1,858.93 million / ₹ 2.24 per unit in the form of repayment of SPV debt and NCDs, ₹ 1,427.39 million / ₹ 1.72 per unit in the form of dividend and the balance ₹ 165.98 million / ₹ 0.20 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 September 30, 2026, will be Thursday, November 05, 2026, and the payment of distribution is proposed to be made on or before Friday, November 13, 2026. 3. Declared Net Asset Value of ₹ 392.38 per unit (Indian Rupees Three Hundred Ninety T wo and Thirty Eight Paise only) for Brookfield India REIT as on September 30, 2026, as per regulation 10(22) of the SEBI (Real Estate Investment T rusts) Regulations, 2014, based on the Valuation Report dated October 30, 2026, issued by Valsight Advisors Private Limited, the valuer of Brookfield India REIT. (Refer statement of net assets at fair value in the Unaudited Standalone and
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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 Consolidated Financial Results). 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 for the quarter and half year ended September 30, 2026 on standalone and consolidated basis of Brookfield India REIT for the quarter and half year ended September 30, 2026, along with limited review report(s) of the Statutory Auditors have been annexed to this outcome as Appendix I and Appendix II, respectively. The related party transactions during the period ended September 30, 2026, are set out in the Unaudited Standalone Financial Result (refer note no. 3) and Unaudited Consolidated Financial Result (refer note no 11) of Brookfield India REIT. A copy of the Unaudited Condensed Financial Statement(s) of Brookfield India REIT, press release, investor presentation, summary valuation report and other matters approved by the Board of Directors in their meeting held on November 02, 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
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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 and half year ended 30 September 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 the 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 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 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 the 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 describes 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 Haskins & Sells Chartered Accountants (Firm’s Registration No. 015125N) Anup Kumar Sharma Partner (Membership No. 063828) (UDIN: 26063828VTAHFX6038) Place: Gurugram Date: 02 November 2026 Appendix I
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Standalone Statement of Assets and LiabilitiesParticulars As at30 September 2026(Unaudited) As at30 September 2025(Unaudited) As at31 March 2026(Audited) ASSETSNon-current assetsFinancial assets -Investments 186,769.40 112,038.33 181,628.40 -Loans 48,248.47 43,074.59 44,075.54 -Other financial assets 2.00 - 2.00 Non-current tax assets (net) 2.40 0.88 2.40 Total non-current assets 235,022.27 155,113.80 225,708.34 Current assetsFinancial assets -Cash and cash equivalents 8,500.84 12,247.33 2,393.11 -Other financial assets 2,116.60 2,207.37 2,357.51 Other current assets 17.64 15.97 4.85 Total current assets 10,635.08 14,470.67 4,755.47 TOTAL ASSETS 245,657.35 169,584.47 230,463.81 EQUITY AND LIABILITIESEquity Unit capital 233,572.48 173,954.45 208,119.81 Distribution - repayment of capital* (24,613.87) (16,374.02) (19,941.65) Other equity 3,188.35 4,245.86 4,253.46 Total equity 212,146.96 161,826.28 192,431.62 LIABILITIESNon-current liabilitiesFinancial liabilities -Borrowings 19,899.77 5,477.24 25,609.92 -Other financial liabilities - - 10,222.15 Deferred tax liabilities 226.64 434.03 504.47 Total non-current liabilities 20,126.41 5,911.27 36,336.54 Current liabilitiesFinancial liabilities -Borrowings 2,534.38 1,506.60 1,509.02 -Trade payablesa) total outstanding dues of micro enterprises and small enterprises2.49 0.25 1.51 b) total outstanding dues of creditors other than micro enterprises and small 91.64 76.48 80.01 -Other financial liabilities 10,664.99 225.85 81.83 Other current liabilities 9.28 29.24 23.28 Current tax liabilities (net) 81.20 8.49 - Total current liabilities 13,383.98 1,846.91 1,695.65 Total liabilities 33,510.39 7,758.18 38,032.19 TOTAL EQUITY AND LIABILITIES 245,657.35 169,584.47 230,463.81 The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results.* Refer Standalone Statement of Changes in Unitholder's Equity
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Standalone Statement of Financial ResultsParticulars Note For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) IncomeDividend from SPVs/ JVDividend784.03 813.17 432.06 1,597.20 802.91 2,166.03 Interest Income -Interest from SPVs/ JV1,378.80 1,377.03 1,599.55 2,755.83 3,242.22 6,216.15 - Interest on fixed deposits78.63 37.61 65.56 116.24 80.27 324.63 Other income1 159.04 271.88 705.45 430.92 705.45 1,181.67 Total income 2,400.50 2,499.69 2,802.62 4,900.19 4,830.85 9,888.48 ExpensesInvestment management fees 53.81 52.31 38.81 106.12 75.16 176.78 Finance costs20618.47 694.72 126.72 1,313.20 244.30 1,106.57 Other expenses 2 40.12 44.16 42.39 84.28 69.57 140.76 Total expenses 712.40 791.19 207.92 1,503.60 389.03 1,424.11 Profit before tax1,688.10 1,708.50 2,594.70 3,396.60 4,441.82 8,464.37 Tax expense:22Current tax -for current period67.78 132.29 28.02 200.07 34.31 139.71 Deferred tax charge/ (credit)Deferred tax charge/ (credit)11.82 (289.64) 105.46 (277.82) 105.46 175.90 Tax expense/ (credit) for the period/ year79.60 (157.35) 133.48 (77.75) 139.77 315.61 Profit for the period/ year after tax1,608.50 1,865.85 2,461.22 3,474.34 4,302.05 8,148.76 Other comprehensive income for the period/ year, net of tax- - - - - - Total comprehensive income for the period/ year1,608.50 1,865.85 2,461.22 3,474.34 4,302.05 8,148.76 Earnings per unit7Basic (in INR) 7 1.94 2.30 3.98 4.23 7.02 12.35 Diluted (in INR) 1.94 2.30 3.98 4.23 7.02 12.35 The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results.
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Standalone Statement of Changes in Unitholder's EquityUnit in Nos.Amount(a) Unit CapitalBalance as on 01 April 2025607,752,448 164,192.95 Changes in unit capital during the previous year:Add: Units issued during the year 141,633,065 45,000.00 Less: Issue expenses- (1,073.14) 749,385,513 208,119.81 Balance as on 01 April 2026749,385,513 208,119.81 Changes in unit capital during the current period:Add: Units issued during the period 80,495,356 26,000.00 Less: Issue expenses - (547.33) 829,880,869 233,572.48 (b) Distribution - Repayment of CapitalParticularsBalance as at 01 April 2025Distribution - Return of capital to unitholders for the year ended 31 March 2026*Balance as at 31 March 2026Distribution - Return of capital to unitholders for the period 30 September 2026*Balance as at 30 September 2026Distribution - Repayment of Capital 13,086.08 6,855.57 19,941.65 4,672.22 24,613.87 (c) Other equity 3,037.27 8,148.76 - 8,148.76 (6,932.57) 4,253.46 4,253.46 3,474.34 - 3,474.34 (2,107.90) (2,431.55) 3,188.35 Other equity 3,037.27 4,302.05 - 4,302.05 (1,549.77) (1,543.69) 4,245.86 The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results.Other comprehensive income for the half year ended 30 September 2025Add: Total comprehensive income for the previous half yearLess: Distribution to unitholders for the quarter ended 31 March 2025#Less: Distribution to unitholders for the quarter ended 30 June 2025#Balance as at 30 September 2025 #The distributions made by Trust to its unitholders are based on the Net Distributable Cash Flows (NDCF) of Brookfield India REIT under the REIT Regulations. Profit for the half year ended 30 September 2025Balance as on 01 April 2026Profit for the half year ended 30 September 2026Other comprehensive income for the half year ended 30 September 2026Add: Total comprehensive income for the current half yearLess: Distribution to unitholders for the quarter ended 31 March 2026 #Less: Distribution to unitholders for the quarter ended 30 June 2026 #Balance as at 30 September 2026Balance as on 01 April 2025Balance as at 31 March 2026Balance as on 01 April 2025Profit for the year ended 31 March 2026Other comprehensive income for the year ended 31 March 2026Add: Total comprehensive income for the previous yearLess: Distribution to unitholders during the year ended 31 March 2026#Balance at the end of the previous reporting year 31 March 2026Balance at the end of the current reporting period 30 September 2026* The distributions made by Trust to its unitholders are based on the Net Distributable Cash Flows (NDCF) of Brookfield India REIT under the REIT Regulations.Particulars Retained earnings
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Standalone Statement of Cash FlowsCash flows from operating activities :Profit before tax 3,396.59 4,441.82 8,464.37 Adjustments for :Dividend income (1,597.20) (802.91) (2,166.03)Interest income on loan to subsidiaries/ joint venture (2,231.71) (2,529.46) (4,834.34)Interest income on debentures (201.48) (283.08) (564.92)Interest income on non-convertible debentures (322.63) (429.68) (816.89)Interest income on deposits with banks (116.24) (80.27) (324.63)Finance costs 1,313.20 244.29 1,106.57 Realised gain on mutual fund (351.83) - (2.23)(Gain) on investment in compulsory convertible debentures at fair value through profit or loss (79.09) (705.45) (1,176.50)Operating cash flows before working capital changes(190.39) (144.74) (314.60) Movements in working capital:(Increase) in other current and non current assets (13.63) (8.55) (0.57)Increase/ (decrease) in current financial liabilities - trade payables 12.60 (3.85) 0.95 Increase/ (decrease) in current and non current financial liabilities - others 24.28 0.05 (1.43)(Decrease)/ increase in other current and non current liabilities (14.89) 0.06 (5.39)Cash (used) in from operating activities(182.03) (157.03) (321.04) Income taxes paid (net) (118.87) (25.80) (141.22)Net cash (used) in operating activities (A)(300.90) (182.83) (462.27) Cash flows from investing activities :Loan to subsidiaries/ joint venture (12,668.78) (290.00) (24,381.32)Loan repaid by subsidiaries/ joint venture 8,495.85 2,640.05 25,730.42 Investment in equity shares of subsidiaries/ joint venture, including directly attributable expenses (3,102.20) - (60,048.00)Investment in debentures issued by subsidiary (2,525.00) - - Investment in non convertible debentures (615.00) (2,000.00) (2,000.00)Repayment of investment in non-convertible debentures issued by subsidiaries 1,193.50 2,540.00 3,484.00 Deposits with banks matured - 185.00 185.00 Interest received on deposits with banks 114.77 43.44 327.90 Interest received on investment in debentures 281.09 280.68 564.85 Interest received on investment in non-convertible debentures 353.22 470.58 871.42 Interest received on loan to subsidiaries/ joint venture 2,363.90 2,016.56 4,115.25 Investment in mutual funds (45,230.74) - (1,221.80)Redemption of mutual funds 45,582.57 - 1,223.97 Dividend received 1,597.20 802.91 2,166.03 Net cash (used) in/ generated from investing activities (B)(4,159.62) 6,689.22 (48,982.30) Cash flows from financing activities :Proceeds from issue of unit capital 26,000.00 10,000.00 45,000.00 Proceeds from long-term borrowings - 290.00 532.39 Repayment of long-term borrowings (5,750.00) - - Repayment of short-term borrowings (3,915.00) (5,980.00) (11,960.00)Proceeds from short-term borrowings 4,944.64 5,980.00 11,960.00 Proceeds from non convertible debentures - - 19,969.20 Expense incurred towards institutional placement (596.86) (12.74) (820.81)Expense incurred towards preferential allotment - (1.99) (203.94)Finance cost paid (899.26) (247.03) (948.78)Distribution to unitholders (9,215.26) (6,381.82) (13,784.91)Net cash generated from financing activities (C)10,568.26 3,646.42 49,743.15 Net increase in cash and cash equivalents (A+B+C) 6,107.73 10,152.82 298.61 Cash and cash equivalents at the beginning of the period/ year 2,393.11 2,094.50 2,094.50 Particulars For the half year ended 30 September 2026(Unaudited) For the year ended 31 March 2026(Audited) For the half year ended 30 September 2025(Unaudited)
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Standalone Statement of Cash FlowsParticulars For the half year ended 30 September 2026(Unaudited) For the year ended 31 March 2026(Audited) For the half year ended 30 September 2025(Unaudited) Cash and cash equivalents at the end of the period/ year 8,500.84 12,247.33 2,393.11 Components of cash and cash equivalents at the end of the period/ yearBalances with banks - in current account 15.84 4.33 8.11 - in deposit account 8,485.00 12,243.00 2,385.00 8,500.84 12,247.33 2,393.11 The statement of cash flows has been prepared in accordance with "Indirect Method" as set out in Indian Accounting Standard -7 : "Statement on Cash Flows".The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results.
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)A Standalone Statement of Net Assets at Fair ValueS. No ParticularsBook Value Fair value Book Value Fair value Book ValueFair valueA Total assets 245,657.35 359,139.58 169,584.47 231,172.13 230,463.81 327,791.56 B Total liabilities (33,510.39) (33,510.39) (7,758.16) (7,758.16) (38,032.19) (38,032.19) CNet assets ( A-B) 212,146.94 325,629.19 161,826.31 223,413.96 192,431.62 289,759.37 D Less: Non-controlling interest - - - - - - ENet assets attributable to unitholders (C-D) 212,146.94 325,629.19 161,826.31 223,413.96 192,431.62 289,759.37 F No. of units 829,880,869 829,880,869 640,010,513 640,010,513 749,385,513 749,385,513 GNAV per unit (E/F) 255.64 392.38 252.85 349.08 256.79 386.66 1 Measurement of fair values2 Break up of net assets valueParticulars As at 30 September 2026(Unaudited)As at 30 September 2025(Unaudited)As at 31 March 2026(Audited)Fair value of investments in SPVs / JV 350,614.15 218,866.75 325,388.11 Add: Other assets 8,525.43 12,305.37 2,403.45 Less: Total liabilities (33,510.39) (7,758.16) (38,032.19) Net Assets 325,629.19 223,413.96 289,759.37 3The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results. As at 30 September 2026 (Unaudited) As at 31 March 2026 (Audited)The fair value of investments in SPVs/ JV is primarily determined basis the fair value of the underlying investment properties (including investment properties under development) and book value of otherassetsand liabilities of the respective SPVs / JV as at 30 September 2026, 30 September 2025 and 31 March 2026. The fair value of investment properties (including investment properties under development) hasbeendetermined by independent external registered property valuer, having appropriately recognized professional qualifications and recent experience in the location and category of the properties being valued.Valuation technique:The fair value measurement of the investment properties (including investment properties under development) has been categorized as a Level 3 fair value based on the inputs to the valuation technique used.The valuers have followed a discounted cash flow method. The discounted cash flow method considers the present value of net cash flows to be generated from the respective properties, taking into accounttheexpected rental growth rate, vacancy period, occupancy rate, average sq. ft. rent and lease incentive costs. The expected net cash flows are discounted using the risk adjusted discount rates. Among otherfactors,the discount rate estimation considers the quality of investment properties and its location (prime vs secondary), tenants credit quality, lease terms and investors expected return.The Trust holds investment in SPVs/ JV which in turn hold the investment properties. Hence, the breakup of property wise fair values has been disclosed in the Consolidated Financial Results. As at 30 September 2025 (Unaudited)
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)BS.No Particulars For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) A Total comprehensive income 3,474.34 4,302.05 8,148.76 B 18,517.96 11,486.26 33,703.89 A+BTotal returns 21,992.30 15,788.31 41,852.65 The accompanying notes (1 to 17) form an integral part of these Standalone Financial Results.Standalone Statement of Total Returns at Fair ValueAdd: Changes in fair value not recognized in the total comprehensive incomeThe changes in fair value for the respective periods presented have been computed based on the changes in fair value of the underlying assets ofSPVs/JV (including changes in fair value of equity method investments), which are not recognized in Total Comprehensive Income.
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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 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) 1 Other income Gain on investment in mutual funds 79.95 271.88 - 351.83 - 2.23 Miscellaneous incomeGain on investment in debentures recognised at fair value through profit or loss 79.09 - 705.45 79.09 705.45 1,176.50 Liabilities/ provisions no longer required written back - - - - - 2.94 159.04 271.88 705.45 430.92 705.45 1,181.67 2 Other expenses Marketing and advertisement expenses5.38 3.27 18.58 8.65 33.97 45.46 Valuation expenses5.42 2.82 4.18 8.24 6.41 15.12 Audit fees6.03 4.14 5.17 10.17 8.62 23.26 Trustee fees1.31 1.29 0.74 2.60 1.48 5.19 Legal and professional expense16.33 25.05 9.15 41.38 12.43 42.20 Membership & subscription fees4.42 4.43 3.69 8.85 5.73 6.17 Miscellaneous expenses 1.23 3.16 0.88 4.39 0.93 3.36 40.12 44.16 42.39 84.28 69.57 140.76
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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 groupc) BSREP India Office Holdings Pte. Ltd. (BSREP India Holdings) (till 18 June 2025)d) 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) LimitedStriton Properties Private LimitedSPV of SubsidiaryParthos Properties Private Limited (SPV of Parthos One Private Limited) (w.e.f 29 September 2026)Other 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 Personnels and Key Managerial PersonnelEntity NameRelationshipDate of relationship Candor Kolkata One Hi-Tech Structures Private Limited Subsidiary08-Feb-21Festus Properties Private Limited Subsidiary08-Feb-21Shantiniketan Properties Private Limited Subsidiary08-Feb-21Candor India Office Parks Private Limited Subsidiary08-Feb-21Seaview Developers Private LimitedSubsidiary24-Jan-22Candor Gurgaon One Realty Projects Private LimitedSubsidiary18-Aug-23Kairos Properties Private LimitedSubsidiary28-Aug-23Rostrum Realty Private LimitedJoint venture21-Jun-24Mountainstar India Office Parks Private LimitedSubsidiary07-Jan-25Arliga Ecoworld Business Parks Private LimitedSubsidiary24-Dec-25Parthos One Private LimitedSubsidiary23-Sep-26 b) BSREP India Office Holdings III Pte Ltd. (BSREP India Office III)Axis Bank Limited - Promoter of TrusteeAlok Aggarwal - Chief Executive Officer and Managing Director- India office business till 30June,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 25 June 2026)Danny Poljak (Non-Executive Director) (w.e.f 10 August 2026)Gautam Mehra (Independent Director) (w.e.f 10 August 2026)Alok 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)Saurabh Jain- Compliance OfficerCharu Thappar - EVP (w.e.f 01 April 2026)Gaurav Bhatia - EVP (w.e.f 01 April 2026)Head of FinanceSaket Mehta (w.e.f. 11 July 2026)a) BSREP II India Office Holdings II Pte. Ltd. (BSREP II India)Related parties to Brookfield India REIT as at 30 September 2026BSREP India Office Holdings V Pte. Ltd. - SponsorBrookprop Management Services Private Limited - ManagerAxis Trustee Services Limited - Trustee
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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 transactions/ name of entities For the quarter ended30 September 2026(Unaudited) For the quarter ended30 June 2026(Unaudited) For the quarter ended30 September 2025(Unaudited) For the half year ended30 September 2026(Unaudited) For the half year ended30 September 2025(Unaudited) For the year ended31 March 2026(Audited) Unsecured loan given to - Candor Kolkata One Hi-Tech Structures Private Limited 3,214.59 23.06 100.00 3,237.66 100.00 325.00 - Festus Properties Private Limited 1,515.00 - 40.00 1,515.00 60.00 2,540.32 - Shantiniketan Properties Private Limited 3,763.47 20.00 - 3,783.47 40.00 50.00 - Seaview Developers Private Limited40.00 63.15 10.00 103.15 90.00 17,865.30 - Candor India Office Parks Private Limited 13.00 26.50 - 39.50 - 30.00 - Arliga Ecoworld Business Parks Private Limited- - - - - 3,570.70 - Rostrum Realty Private Limited- 3,990.00 - 3,990.00 - - Total 8,546.06 4,122.71 150.00 12,668.78 290.00 24,381.32 Unsecured loan repaid by- Candor Kolkata One Hi-Tech Structures Private Limited 2,400.00 264.62 436.99 2,664.62 899.99 1,902.12 - Festus Properties Private Limited 1,560.66 2.45 129.70 1,563.11 524.32 3,345.65 - Shantiniketan Properties Private Limited 44.43 255.02 159.28 299.45 415.77 918.64 - Seaview Developers Private Limited2,703.44 232.18 443.29 2,935.62 734.96 18,466.55 - Mountainstar India Office Parks Private Limited 11.50 19.43 16.00 30.93 65.00 122.00 - Candor India Office Parks Private Limited 7.71 10.01 - 17.72 - - - Arliga Ecoworld Business Parks Private Limited526.44 29.71 - 556.15 - 975.46 - Rostrum Realty Private Limited428.25 - - 428.25 - - Total 7,682.43 813.42 1,185.26 8,495.85 2,640.04 25,730.42 Investment in equity shares of - Seaview Developers Private Limited- 2,400.04 - 2,400.04 - - - Arliga Ecoworld Business Parks Private Limited- - - - - 70,063.02 - Parthos One Private Limited700.00 - - 700.00 - - Total 700.00 2,400.04 - 3,100.04 - 70,063.02 Non convertible debentures issued by- Kairos Properties Private Limited - - 1,000.00 - 1,000.00 1,000.00 - Candor Gurgaon One Realty Projects Private Limited- - 1,000.00 - 1,000.00 1,000.00 -Parthos Properties Private Limited615.00 - - 615.00 - - Total 615.00 - 2,000.00 615.00 2,000.00 2,000.00 Non convertible debentures redeemed by- Kairos Properties Private Limited 326.00 337.00 1,221.50 663.00 1,475.50 2,206.50 - Candor Gurgaon One Realty Projects Private Limited284.00 246.50 1,054.50 530.50 1,064.50 1,277.50 Total 610.00 583.50 2,276.00 1,193.50 2,540.00 3,484.00 Investment in Complusory Convertible Debenture in- Parthos One Private Limited2,525.00 - - 2,525.00 - - Total 2,525.00 - - 2,525.00 - - Conversion of investment in debentures into investment in equity shares- Kairos Properties Private Limited - 2,275.59 - 2,275.59 - - - Seaview Developers Private Limited- 7,113.40 - 7,113.40 - - Total - 9,388.99 - 9,388.99 - - Trustee fee expense - Axis Trustee Services Limited 1.31 1.29 0.74 2.60 1.48 5.19 Total 1.31 1.29 0.74 2.60 1.48 5.19 Interest income on loans to subsidiaries- Candor Kolkata One Hi-Tech Structures Private Limited 320.09 313.21 340.33 633.30 685.81 1,331.86 - Festus Properties Private Limited 326.85 322.19 363.59 649.03 727.02 1,404.98 - Shantiniketan Properties Private Limited 88.00 14.61 29.77 102.62 63.36 108.33 - Mountainstar India Office Parks Private Limited 9.48 9.80 11.76 19.28 24.09 45.59 - Seaview Developers Private Limited298.86 341.08 514.86 639.94 1,029.18 1,876.58 - Candor India Office Parks Private Limited 1.20 0.94 - 2.13 - 1.34 - Arliga Ecoworld Business Parks Private Limited53.02 59.39 - 112.42 - 65.66 - Rostrum Realty Private Limited68.23 4.76 - 72.99 - - Total 1,165.73 1,065.98 1,260.31 2,231.71 2,529.46 4,834.34 Interest income on debentures- Seaview Developers Private Limited- 19.60 19.54 19.60 39.08 78.15 - Candor Gurgaon One Realty Projects Private Limited19.20 19.23 19.16 38.43 38.34 76.65 - Kairos Properties Private Limited 35.74 102.52 103.38 138.26 205.66 410.12 - Parthos One Private Limited5.19 - - 5.19 - - Total 60.13 141.35 142.08 201.48 283.08 564.92 Interest income on non convertible debentures- Candor Gurgaon One Realty Projects Private Limited125.36 132.61 136.98 257.97 288.45 567.08 - Kairos Properties Private Limited 27.18 37.09 60.17 64.27 141.23 249.81 - Parthos Properties Private Limited0.39 - - 0.39 - - Total 152.93 169.70 197.15 322.63 429.68 816.89 Investment management fees- Brookprop Management Services Private Limited53.81 52.31 38.81 106.12 75.16 176.78 Total 53.81 52.31 38.81 106.12 75.16 176.78
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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 transactions/ name of entities For the quarter ended30 September 2026(Unaudited) For the quarter ended30 June 2026(Unaudited) For the quarter ended30 September 2025(Unaudited) For the half year ended30 September 2026(Unaudited) For the half year ended30 September 2025(Unaudited) For the year ended31 March 2026(Audited) Dividend income- Rostrum Realty Private Limited- 405.35 367.90 405.35 650.40 1,486.07 - Candor India Office Parks Private Limited 40.00 36.00 21.00 76.00 59.00 122.00 - Shantiniketan Properties Private Limited 143.87 86.32 43.16 230.18 93.51 257.52 - Candor Kolkata One Hi-Tech Structures Private Limited - - - - - 97.53 - Arliga Ecoworld Business Parks Private Limited391.07 285.50 - 676.58 - 202.91 - Festus Properties Private Limited 209.09 - - 209.09 - Total 784.03 813.17 432.06 1,597.20 802.91 2,166.03 Repayment of Unit Capital to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd.40.05 44.40 40.65 84.45 186.77 263.72 - BSREP India Office Holdings Pte. Ltd.- - - - 69.56 69.56 - BSREP II India Office Holdings II Pte. Ltd.84.04 93.16 85.30 177.20 170.28 331.74 - BSREP India Office Holdings III Pte. Ltd. 271.30 300.76 275.36 572.06 374.52 895.78 - Project Diamond Holdings (DIFC) Limited 33.90 37.58 34.41 71.48 68.69 133.82 Total 429.29 475.90 435.72 905.19 869.82 1,694.62 Interest distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd.24.75 24.00 28.35 48.75 134.96 186.56 - BSREP India Office Holdings Pte. Ltd.- - - - 50.75 50.75 - BSREP II India Office Holdings II Pte. Ltd.51.93 50.36 59.49 102.29 121.49 229.76 - BSREP India Office Holdings III Pte. Ltd.167.65 162.57 192.04 330.23 264.39 613.93 - Project Diamond Holdings (DIFC) Limited 20.95 20.31 24.00 41.26 49.01 92.69 Total 265.28 257.24 303.88 522.53 620.60 1,173.69 Other income distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd.5.25 0.90 0.30 6.15 2.46 7.11 - BSREP India Office Holdings Pte Ltd.- - - - 1.03 1.03 - BSREP II India Office Holdings II Pte. Ltd.11.02 1.89 0.63 12.90 1.89 11.65 - BSREP India Office Holdings III Pte. Ltd.35.56 6.10 2.03 41.66 3.50 35.00 - Project Diamond Holdings (DIFC) Limited 4.44 0.76 0.25 5.21 0.76 4.70 Total 56.27 9.65 3.21 65.92 9.64 59.49 Dividend distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd.13.95 13.20 9.45 27.15 38.67 65.22 - BSREP India Office Holdings Pte Ltd.- - - - 13.91 13.91 - BSREP II India Office Holdings II Pte. Ltd.29.27 27.70 19.83 56.97 36.83 92.53 - BSREP India Office Holdings III Pte. Ltd.94.50 89.42 64.01 183.91 83.84 263.68 - Project Diamond Holdings (DIFC) Limited 11.81 11.17 8.00 22.98 14.86 37.33 Total 149.53 141.49 101.29 291.01 188.11 472.67 Reimbursement of expense incurred by (excluding GST)- Brookprop Property Management Services Private Limited0.02 0.23 0.04 0.26 0.11 0.05 - BSREP India Office Holdings V Pte. Ltd.(12.77) 14.13 - 1.36 - 13.48 - Brookprop Management Services Private Limited- 3.00 - 3.00 - 3.00 - Arliga Ecoworld Infrastucture Private Limited- - - - - 20.00 Total (12.75) 17.36 0.04 4.62 0.11 36.53 Reimbursement of expense incurred on behalf of (excluding GST)- Parthos One Private Limited12.19 - - 12.19 - - Total 12.19 - - 12.19 - - Deposits with banks made- Axis Bank Limited100.00 7,094.50 16,136.77 7,194.50 20,573.77 100,516.27 Total 100.00 7,094.50 16,136.77 7,194.50 20,573.77 100,516.27 Deposits with banks matured- Axis Bank Limited1,327.50 8,152.00 6,450.77 9,479.50 10,594.77 99,903.27 Total 1,327.50 8,152.00 6,450.77 9,479.50 10,594.77 99,903.27 Interest income on deposits with banks- Axis Bank Limited4.99 10.19 59.74 15.18 69.00 302.54 Total 4.99 10.19 59.74 15.18 69.00 302.54 Credit facilitation fee- Shantiniketan Properties Private Limited 0.03 4.15 3.61 4.18 6.67 13.89 - Seaview Developers Private Limited4.46 4.41 - 8.87 - 4.92 Total 4.49 8.56 3.61 13.06 6.67 18.81
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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 September 2026(Unaudited) As at 30 September 2025(Unaudited) As at 31 March 2026(Audited) Unsecured loans receivable (non- current)- Candor Kolkata One Hi-Tech Structures Private Limited 10,614.24 10,818.33 10,041.20 - Festus Properties Private Limited 12,409.64 12,798.76 12,457.75 - Shantiniketan Properties Private Limited 4,329.53 1,338.38 845.51 - Mountainstar India Office Parks Private Limited 347.07 435.00 378.00 - Seaview Developers Private Limited 14,895.37 17,684.12 17,727.83 - Candor India Office Parks Private Limited 51.78 - 30.00 - Arliga Ecoworld Business Parks Private Limited 2,039.09 - 2,595.25 - Rostrum Realty Private Limited 3,561.75 - - Total 48,248.47 43,074.59 44,075.54 Investment in equity shares of SPVs/ joint venture- Candor Kolkata One Hi-Tech Structures Private Limited 24,761.39 24,761.39 24,761.39 - Festus Properties Private Limited 8,655.46 8,655.46 8,655.46 - Shantiniketan Properties Private Limited 11,407.83 11,407.83 11,407.83 - Candor India Office Parks Private Limited 220.20 220.20 220.20 - Seaview Developers Private Limited 23,995.64 14,482.20 14,482.20 - Candor Gurgaon One Realty Projects Private Limited 3,746.66 3,746.66 3,746.66 - Kairos Properties Private Limited 14,307.39 12,031.80 12,031.80 - Rostrum Realty Private Limited 12,322.59 12,322.59 12,322.59 - Mountainstar India Office Parks Private Limited 1,004.00 1,004.00 1,004.00 - Arliga Ecoworld Business Parks Private Limited 70,063.02 - 70,063.02 - Parthos One Private Limited 715.37 - - Total 171,199.55 88,632.13 158,695.15 Investment in debentures - Seaview Developers Private Limited- 7,097.50 7,113.40 - Candor Gurgaon One Realty Projects Private Limited6,160.75 5,832.55 6,286.95 - Kairos Properties Private Limited 1,407.05 3,500.15 3,500.90 - Parthos One Private Limited 2,548.55 - - Total 10,116.35 16,430.20 16,901.25 Investment in non convertible debentures- Candor Gurgaon One Realty Projects Private Limited 3,973.00 4,716.50 4,503.50 - Kairos Properties Private Limited 865.50 2,259.50 1,528.50 - Parthos Properties Private Limited615.00 - - Total 5,453.50 6,976.00 6,032.00 Interest accrued but not due on debentures- Kairos Properties Private Limited 35.75 103.38 101.07 - Candor Gurgaon One Realty Projects Private Limited 19.21 19.16 19.15 - Seaview Developers Private Limited - 19.54 19.53 - Parthos One Private Limited 5.19 - - Total 60.15 142.08 139.75 Interest accrued but not due on non convertible debentures- Kairos Properties Private Limited 27.18 60.17 47.36 - Candor Gurgaon One Realty Projects Private Limited 125.36 136.97 136.16 - Parthos Properties Private Limited0.39 - - Total 152.93 197.14 183.52
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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 September 2026(Unaudited) As at 30 September 2025(Unaudited) As at 31 March 2026(Audited) Interest accrued but not due on loan to Subsidiaries/ Joint venture- Candor Kolkata One Hi-Tech Structures Private Limited 527.18 424.50 702.58 - Festus Properties Private Limited 855.77 557.51 807.21 - Shantiniketan Properties Private Limited 87.99 9.15 6.23 - Mountainstar India Office Parks Private Limited 9.48 11.76 10.21 - Seaview Developers Private Limited 298.06 824.02 440.49 - Candor India Office Parks Private Limited 1.21 - 0.79 - Arliga Ecoworld Business Parks Private Limited 53.03 - 65.64 - Rostrum Realty Private Limited 68.24 - - Total 1,900.96 1,826.94 2,033.15 Prepaid expenses - Brookprop Property Management Services Private Limited - - 0.06 - Axis Trustee Services Limited 2.59 1.35 - Total 2.59 1.35 0.06 Trade payables (net of withholding tax)- Brookprop Management Services Private Limited 49.25 35.52 49.20 - Brookprop Property Management Services Private Limited 0.26 0.37 0.42 Total 49.51 35.89 49.62 Other payables (net of withholding tax)- BSREP India Office Holdings V Pte. Ltd. 1.47 - - - Shantiniketan Properties Private Limited 0.03 6.36 3.54 - Seaview Developers Private Limited 4.39 - 4.84 - Striton Properties Private Limited 4.39 - - Total 10.28 6.36 8.38 Deferred consideration payable- BSREP III New York FDI I (DIFC) Limited 10,629.22 - 10,222.15 Total 10,629.22 - 10,222.15 Balance with banks (in current account)- Axis Bank Limited 8.96 1.70 2.10 Total 8.96 1.70 2.10 Balance with banks (in deposit account)-Cash and cash equivalents- Axis Bank Limited 100.00 11,751.00 2,385.00 Total 100.00 11,751.00 2,385.00 Interest accrued but not due on deposits with banks- Axis Bank Limited 0.04 39.56 1.09 Total 0.04 39.56 1.09
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results456Segment reporting7Earnings Per Unit (EPU)Particulars For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) 1,608.50 1,865.85 2,461.22 3,474.34 4,302.05 8,148.76 829,880,869 811,305,018 617,920,751 820,643,697 612,864,382 659,961,905 -Basic (Rs./unit)1.94 2.30 3.98 4.23 7.02 12.35 -Diluted (Rs./unit)1.94 2.30 3.98 4.23 7.02 12.35 8 For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) 0.79 1.83 7.84 0.79 7.84 2.80 0.11 0.13 0.04 0.11 0.04 0.14 3.60 3.69 20.42 3.65 18.61 8.36 3.60 3.69 20.42 3.65 18.61 8.36 NA NA NA NA NA NA NA NA NA NA NA NA 212,146.96 215,170.77 161,826.31 212,146.96 161,826.31 192,431.62 1,608.50 1,865.85 2,461.22 3,474.34 4,302.05 8,148.76 1.94 2.30 3.98 4.23 7.02 12.35 1.94 2.30 3.98 4.23 7.02 12.35 (7.24) 2.52 0.43 (7.24) 0.43 8.37 NA NA NA NA NA NA 0.40 0.32 0.24 0.40 0.24 0.04 0.09 0.11 0.04 0.09 0.04 0.12 NA NA NA NA NA NA NA NA NA NA NA NA 5.70 5.60 5.25 11.30 10.50 21.40 67.01% 74.64% 87.82%70.90% 89.05%82.41% NA NA NA NA NA NA The Standalone Financial Results are authorized for issue in accordance with resolution passed by the Board of Directors of the Manager on behalf of the Brookfield India REIT on 02 November 2026.TheStandalone Financial Results have been prepared in accordance with the requirements of SEBI (Real Estate Investment Trusts) Regulations, 2014, as amended from time to time including any guidelines andcircularsissued 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 Indian Accounting Standard (Ind AS-34)Financialasdefined 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 theextentAccordingly, these Standalone Financial Results do not include all the information required for a complete set of financial statements. These Standalone Financial Results should be read in conjunction withtheStandalone financial statements and related notes included in theaudited Standalone financial statements under Ind AS as at and for the year ended 31 March 2026. Accounting policies have beenconsistentlyapplied except where a newly issued accounting 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 September 2026 have been subjected to review by Statutory Auditors of Brookfield REIT and they have issued an unmodified reviewconclusionon 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 Distributable Cash Flows of Brookfield India REIT for each reportingperiod.Accordingly, a portion of the unit capital contains a contractual obligation of the Brookfield India REIT to pay to its Unitholders cash distributions. Hence, the unit capital is a compound financial instrumentwhichcontain both equity and liability components in accordance with Ind AS 32 - Financial Instruments: Presentation. However, in accordance with SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99dated11 July 2025 issued under the REIT Regulations, the unit capital has been classified and presented asin order to comply with the requirements of para 4.2.3(a) of Chapter 4 to the SEBI MasterCirculardealing with the Continuous Disclosures and Compliances by REITs.The Trust publishes these Standalone Financial Results along with the Consolidated Financial Results. In accordance with Ind AS 108,the Trust has disclosed the segment disclosure intheConsolidated Financial Results.Basic 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 for the period / year after income tax attributable to unitholders by the weighted average number of units outstanding during period / year adjusted for the weightedaveragenumber of units that would be issued upon conversion of all the dilutive potential units into unit capital. During all the periods presented, there were no dilutive units issued. The following reflects the profit andunitdata used in the basic and diluted EPU Computation:Profit after tax for calculating basic and diluted EPUWeighted average number of Units (Nos.)Earnings Per UnitCurrent ratio (in times) (refer note a)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)
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial ResultsNotea)b)c)d)e)f)g)h)i)j)k)l)m)n)o)9 20,000.00 1011 Debt Equity ratioDebt Service Coverage ratioInterest Service Coverage ratioLong term debt to working capital ratioCurrent Liability RatioTotal debts to total assetsOn 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 Ecoworld is engaged 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 of Rs. 11,250.00 million, payable on or before 18 months fromtheacquisition date, and (iii) variable consideration, payable subject to conditions specified in the share purchase agreement, 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 million as present value of deferred consideration and Rs.52.42million as transaction cost. The variable consideration (if any) will be recognised as an addition to the investment properties upon satisfaction of the specified conditions precedent as outlined in the sharepurchaseagreement. Total Debts Distribution declared during the period Profit after tax Total Income Total number of units Total assets There 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.Distribution per unitNet profit margin percentageThe 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 on investment properties of SDPL Noida 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 and Regulation 54(2) of SEBI (LODR) Regulations 2015 relatingtoSecured, 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 Debenturesataface value of Rs. 1,00,000 each at 7.06% p.a., aggregating to Rs. 20,000.00 million with final redemption date as 20 December 2030. The net amount raised against issuance of these NCDs is Rs. 19,969.20millionwhich is after a discount of Rs. 30.80 million. Discount on NCDs is amortized over the tenure of the underlying instrument. These NCDs were 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)Brookfield India REIT's income is earned from its investment in assets SPVs/ JVs and classified as income from investing activity and therefore, operating margin percentage is not applicable and not disclosed(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 September 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* 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 full repayment of external borrowings Total Equity Current Liabilities 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 The Board of the Manager and the Unitholders approved, on 12 March 2026 and 07 April 2026 respectively, an investment by 360 ONE Real Assets Advantage Fund (a scheme of 360 One Private EquityFund),through itself and/or one or more of its affiliates ("Investor"), aggregating to Rs. 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 million and 3,845 non-convertible debentures aggregating to Rs. 384.50 milliontothe Investor, resulting in the Investor (together with its affiliates) holding 13.034% 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") dated 12 March 2026 entered into among Brookfield India REIT,ArligaEcoworld 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 of quarterly financial results for the quarters between 31 March2028,and 30 September 2031, through semi-annual windows. Upon the Investor exercising its exit right, Brookfield India REIT may offer the Investor an exit option by way of a swap of units of Brookfield India REIT,orsuch other exit route as mutually agreed between Brookfield India REIT and the Investor, along with mandatory settlement of theNCDs alongside and proportionate to the equity exit. Further,BrookfieldIndia REIT is granted a call option exercisable within 30 days from the publication 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 REIT may decide along with mandatory settlement of theNCDs. Ineachof the above cases, the number of units 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 these Standalone Financial Results for the period/ quarter ended30September 2026 and has concluded that there is no material impact on account of such rights on these Standalone Financial Results for the period/ quarter ended 30 September 2026. Financial Ratios Current ratio
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Brookfield India Real Estate TrustStandalone Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Standalone Financial Results121314151617For and on behalf of the Board of Directors ofBrookprop Management Services Private Limited(as Manager to the Brookfield India REIT)Shashank JainSaket MehtaCEO and Managing Director Head of FinanceDIN No. 11631926 Place: MumbaiPlace: Mumbai Date: 02 November 2026Date: 02 November 2026The figures for the quarter ended 30 September 2026 are the derived figures between the unaudited figures in respect of the half year ended 30 September 2026and the unaudited published figures for the quarterended ended 30 June 2026 which were both subject to limited review by the Statutory auditors."0.00" Represents value less than Rs. 0.01 million. During the quarter ended June 2026, certain capital restructuring transactions were undertaken in Kairos Properties Private Limited (Kairos) and Seaview Developers Private Limited (N2), SPVs of the Trust.Kairos Properties Private LimitedOn 30 June 2026, 65% of the outstanding 14% unsecured compulsorily convertible debenturesof Kairos held by Brookfield India REIT were converted into equity shares in accordance with the termsofissue of the CCDs. Accordingly, 18,594,001 CCDs held by Brookfield India Real Estate Trust were converted into 432,721 equity shares of Kairos. Simultaneously, an equivalent number of CCDs held byRecoequity shares. Upon conversion, the investment in equity shares has been recognised at the fair value of the converted CCDs, amounting to Rs. 2,275.59 million (deemed cost). Pursuant tothe conversion, BrookfieldIndia 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 by Brookfield India REIT were converted into equity sharesinaccordance with the terms of issue of the CCDs. Accordingly, 6,501 CCDs held by Brookfield India REIT were converted 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 in equity shares has been recognised at the fair value oftheconverted CCDs, amounting to Rs. 7,113.40 million (deemed cost). The transaction did not result in any change in Brookfield Indiaownership interest inSeaview Developers Private Limited, which continuesto be a wholly owned subsidiary of Brookfield India REIT.During the quarter ended 30 September 2026, Kairos Properties Private Limited and Seaview Developers Private Limited have also filed schemes ofarrangement before the National Company Law Tribunal ('NCLT')for adjustment of capital-nature reserves against accumulated losses. These schemes are currently pending for approval by the NCLT.On 30 June 2026, Brookfield India REIT made an additional investment in Seaview Developers Private Limited by subscribing to 2,343 equity shares of face value Rs. 10 each on a rights basis at an issue price ofRs.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 ofBrookfield IndiaREIT, 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 byRs.2,400.04 million. Seaview Developers Private Limited continued to be a wholly 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.On September 29, 2026, Brookfield India REIT andPrime Offices Fundthrough Parthos One Private Limitedacquired 50% of the share capital each(on a fullydiluted basis) of Parthos Properties Private Limitedcomprising of 1,000 equity shares of face valueeach, 1,179,397 compulsorily convertible debentures of face valueeachand 9,759,000compulsorily convertible preference shares of face valueeach, for a purchase consideration of Rs. 6,424.89 million alongwith transaction cost ofRs. 2.65 million. Parthos owns, operates and manages three floorsThe above purchase consideration was subject to certain adjustment (working capital adjustment) basis the limited reviewed financial statement/information of Parthos Properties as ofand for the period endedSeptember 30, 2026, in accordance with the terms set out under Securities Purchase Agreement(s). Accordingly, a provisional amount of Rs. 170.69 million, representing excess consideration was payable byParthosOne.To complete the acquisition of the GBKC Floors by Holdco, Brookfield India REIT acquired controlling stake in Holdco by acquiring 50% of its equity interest for a consideration of INR 700Million and subscribedcompulsorily convertible debentures amounting to INR 2,525 Million. Brookfield India REIT has also incurred directly attributable expenses in relation to this asset acquisition, amounting toRs. 15.37 million,resulting in the total purchase consideration of Rs. 3,240.37 million. In addition, Brookfield India REIT invested Rs. 615.00 million in non-convertible debentures (NCDs) issued by Parthos.Under the terms of the Share Purchase Agreement for the acquisition of Parthos Properties, Brookfield India REIT remains liable to settle its share of excess purchase consideration, in the event Parthos One failstodischarge the obligation. As at 30 September 2026, no such event has occurred and accordingly no liability has been recognised. 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 2026hasapproved the allotment of 80,495,356 units of Brookfield India REITto successful eligible institutional investors, at the issue price of Rs. 323.00 per Unit, which includes a discount ofRs. 6.94 per Unit (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 BSE on 22 April 2026.
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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 Unaudited Financial Results) (the Parent and its subsidiaries together referred to as “the Group”) and its share of net loss after tax and other comprehensive income of its joint venture, for the quarter and half year ended 30 September 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 the 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 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 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 the 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 describes 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 Haskins & Sells Chartered Accountants (Firm’s Registration No. 015125N) Anup Kumar Sharma Partner (Membership No. 063828) (UDIN: 26063828SAFWUR7736) Place: Gurugram Date: 02 November 2026 Appendix II
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Consolidated Statement of Assets and LiabilitiesParticulars As at30 September 2026 (Unaudited) As at30 September 2025 (Unaudited) As at31 March 2026 (Audited) ASSETSNon-current assetsProperty, plant and equipment 764.43 803.91 783.05 Investment property 377,351.76 234,587.70 360,979.29 Investment property under development 5,067.17 2,291.57 4,636.50 Other intangible assets 4.12 2.33 2.05 Investments accounted for using equity methodInvestments in Subsidiaries*8,279.76 9,800.01 8,831.15 Financial assets -Loans 3,561.75 - - -Other financial assets 1,558.03 1,140.41 1,217.41 Deferred tax assets (net) 3,289.95 3,613.10 3,328.09 Non-current tax assets (net) 2,555.13 2,345.11 2,378.36 Other non-current assets 1,911.38 905.19 1,466.75 Total non-current assets 404,343.48 255,489.33 383,622.65 Current assetsFinancial assets -Trade receivables 1,249.63 965.53 1,141.04 -Cash and cash equivalents 15,127.30 15,479.98 6,742.18 -Other bank balances 965.41 735.95 912.26 -Other financial assets 128.06 87.57 401.53 Other current assets 1,973.26 1,199.73 1,336.58 Total current assets 19,443.66 18,468.76 10,533.59 TOTAL ASSETS 423,787.14 273,958.09 394,156.24 EQUITY AND LIABILITIESEquity Unit capital 233,573.47 173,954.45 208,119.81 Distribution - Repayment of Capital* (24,613.87) (16,374.02) (19,941.65) Other equity (24,962.88) (11,256.67) (12,919.09) Equity attributable to unit holders of the Brookfield India REIT183,996.72 146,323.76 175,259.07 Non-controlling interest 34,370.19 19,983.56 20,362.16 Total equity218,366.91 166,307.32 195,621.23 LIABILITIESNon current liabilitiesFinancial liabilities -Borrowings 151,049.71 88,895.40 161,902.97 -Lease liabilities 1,454.02 254.57 1,427.37 -Other financial liabilities 19,157.16 4,583.77 16,253.20 Other non-current liabilities 1,755.90 1,407.49 1,678.26 Provisions 37.55 21.11 27.34 Total non-current liabilities173,454.34 95,162.34 181,289.14
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Consolidated Statement of Assets and LiabilitiesParticulars As at30 September 2026 (Unaudited) As at30 September 2025 (Unaudited) As at31 March 2026 (Audited) Current liabilitiesFinancial liabilities-Borrowings 4,746.12 1,934.07 2,424.85 -Lease liabilities 40.63 31.10 71.03 -Trade payables Total outstanding dues of micro enterprises and small enterprises 355.28 252.61 339.56 Total outstanding dues of creditors other than micro enterprises and small enterprises 2,347.10 1,571.90 1,780.41 -Other financial liabilities 22,944.09 7,550.71 11,143.91 Other current liabilities 1,386.26 1,024.52 1,257.30 Provisions 8.18 3.70 4.24 Current tax liabilities (net) 138.23 119.82 224.57 Total current liabilities 31,965.89 12,488.43 17,245.87 Total liabilities205,420.23 107,650.77 198,535.01 TOTAL EQUITY AND LIABILITIES 423,787.14 273,958.09 394,156.24 * Refer Consolidated Statement of Changes in Unitholder's EquityThe accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Consolidated Statement of Cash FlowsCash flows from operating activities :Profit before share of profit of equity accounted investee and tax 5,310.86 3,587.38 7,986.97 Adjustments for :Depreciation and amortization expenses 2,868.58 2,116.78 4,694.02 Allowance for expected credit loss 17.37 11.27 14.56 Interest income on deposits with banks (244.84) (180.17)(531.18) Interest on income tax refund (refer note 3 below) (36.97) (56.72) (156.62)Deferred income amortization (378.07) (282.88)(609.44) Credit impaired 1.12 - 0.71 Gain on investment in mutual funds (433.07) (8.05)(29.59) Interest income on loan to joint venture 72.99 - - Employee share based payment 4.98 2.62 5.53 Finance costs 6,545.35 4,069.70 9,747.81 (Gain)/ Loss on derivative relating to share conversion feature in 14% compulsorily convertible debentures at fair value through profit or loss (7.94) 4.45 49.65 Loss on put options liability at fair value through profit or loss 712.10 - - Operating cash flows before working capital changes14,432.46 9,264.38 21,172.42 Movement in working capital:(Increase) in other current and non current assets (1,011.26) (265.98)(543.62) Decrease/ (increase) in current and non current financial assets (0.83) (90.82) 1,057.45 Increase in current and non current financial liabilities 1,386.11 1,121.35 1,430.19 Increase / (decrease) in other current and non current liabilities29.96 (129.28)69.81 Cash generated from operating activities14,836.44 9,899.65 23,186.25 Income taxes (paid)/ refunds received (net) (354.79) (257.46)(332.01) Net cash generated from operating activities (A)14,481.65 9,642.19 22,854.24 Cash flows from investing activities :Expenditure incurred on investment property (2,446.25) (981.95)(2,895.19) Purchase of property, plant and equipment (14.18) (7.90)(11.85) Payment for acquisition of subsidiary/ joint venture, including directly attributable expenses (for Mar'26 refer note 2 below) (6,427.53) - (60,048.00)Deposits with banks matured# 561.03 784.79 820.97 Deposits with banks made # (552.92) (610.21)(625.10) Purchase of mutual funds (64,944.14) (1,837.40)(10,621.77) Redemption of mutual funds 65,377.21 1,845.48 10,651.27 Interest on income tax refund (refer note 3 below) 36.97 56.72 156.62 Interest received on deposits with banks 239.94 136.60 528.03 Repayment of loan by Joint venture 428.25 - - Loan to Joint venture (3,990.00) - - Interest received on loan to jointventures 4.76 - - Advance received from third party towards construction of investment property under Joint Development Agreement 80.00 80.00 80.00 Dividends from joint venture 405.35 650.40 1,486.07 Net cash (used)/ generated in investing activities (B) (11,241.51) 116.53 (60,478.95) Particulars For the half year ended 30 September 2025(Unaudited) For the half year ended30 September 2026(Unaudited) For the year ended31 March 2026(Audited)
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Consolidated Statement of Cash FlowsParticulars For the half year ended 30 September 2025(Unaudited) For the half year ended30 September 2026(Unaudited) For the year ended31 March 2026(Audited) Cash flows from financing activities :Finance cost paid (6,088.74) (3,899.34)(9,130.95) Proceeds from term loan from banks/financial institutions1,731.00 4,827.00 6,374.39 Proceeds from short term borrowings 2,415.00 5,980.00 11,960.00 Proceeds from issue of commercial papers 2,529.64 - - Proceeds from issue of non-convertible debentures (for Mar'26 refer note 2 below)999.50 2,000.00 19,969.20 Proceeds from compulsorily-convertible debentures 2,525.00 Payment of principal portion of lease liabilities (68.76) (19.43)(34.21) Payment of interest portion of lease liabilities(9.25) (14.75)(15.38) Repayment of non-convertible debentures (2,098.80) (2,540.00) (1,484.00)Proceeds from issue of share capital to non controlling interest 11,565.49 - - Proceeds from non-convertible debentures- - - Repayment of short term borrowings (3,915.00) (5,980.00) (11,960.00)Repayment of inter corporate depoists (178.00)Repayment of term loan from banks/financial institutions (20,394.21) (3,982.15) (7,252.67)Payment for dividend (58.61) - - Proceeds from issue of Unit capital 26,000.00 10,000.00 45,000.00 Expense incurred towards Institutional placement (596.86) (12.75) (820.82)Expense incurred towards preferential allotment - (1.99)(203.94) Distribution to unitholders (9,215.26) (6,381.82) (13,784.91)Net cash generated/(used) in financing activities (C) 5,142.14 (25.23) 38,616.71 Net increase in cash and cash equivalents (A+B+C) 8,382.28 9,733.49 992.00 Cash and cash equivalents at the beginning of the year 6,742.18 5,746.49 5,746.49 Cash and cash equivalents acquired due to asset acquisition: 2.84 - 3.69 Cash and cash equivalents at the end of the year 15,127.30 15,479.98 6,742.18 Components of cash and cash equivalents at the end of the yearBalances with banks - in current account 335.16 120.18 126.17 - in deposit account 14,792.14 15,359.80 6,616.01 15,127.30 15,479.98 6,742.18 Notes:The accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results# Represents deposits with original maturity of more than 3 months.impact of this reclassification is not material on the financial statements.2. Brookfield India REIT has issued and allotted 2,00,000 NCDs at a face value of Rs. 100,000 each at 7.06% p.a., aggregating to Rs.20,000.00 million, on 22December2025, with final redemption 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 ofRs.30.80million. On 23 December 2025, out of these proceeds, Brookfield India REIT disbursed shareholder loans to N2 and Festus of Rs. 17,680.00 million and Rs. 2,216.70millionrespectively. N2 and Festus utilized the aforesaid amounts towards repayment, on 23 December 2025, of their respective existing shareholder loans, disbursed byBrookfieldIndia REIT out of the equity funds raised earlier, aggregating to Rs. 17,680.00 million and Rs. 2,216.70 million, respectively. Out of the funds so received from N2andFestus, the Trust utilized an amount of Rs. 17,000.00 million on 23 December 2025 towards payment of the purchase consideration to BSREP III New York FDI I(DIFC)Limited for the acquisition of equity investments in Arliga Ecoworld Business Parks Private Limited (Arliga Ecoworld). Out of the balance funds received by the Trust fromN2 and Festus, Trust has utilized, on various dates, towards the grant of a shareholder loan to Arliga Ecoworld (Rs. 2,238.70 million) and for general corporate purposes(Rs.402.00 million), and Rs. 256.00 million remains unutilised as of 31 March 2026.
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Consolidated Statement of Changes in Unitholder's EquityUnit in Nos.Amount(a) Unit CapitalBalance as on 01 April 2025607,752,448 164,192.95 Changes in unit capital during the previous year:Add: Units issued during the year 141,633,065 45,000.00 Less: Issue expenses - (1,073.14) 749,385,513 208,119.81 Balance as on 01 April 2026749,385,513 208,119.81 Changes in unit capital during the period:Add: Units issued during the period 80,495,356 26,000.00 Less: Issue expenses (546.34) 829,880,869 233,573.47 (b) Distribution - Repayment of CapitalBalance as at 01 April 2025Distribution - Return of capital to unitholders for the year ended 31 March 2026*Balance as at 31 March 2026Distribution - Return of capital to unitholders for the half year ended 30 September 2026*Balance as at 30 September 202613,086.08 6,855.57 19,941.65 4,672.22 24,613.87 * The distributions made by Trust to its Unitholders are based on the Net Distributable Cash Flows (NDCF) of Brookfield India REIT under the REIT Regulations.(c) Other equity Net distribution to sponsor group entity in relation to income support guarantee@ Amalgamation adjustment reserve Retained earnings Non- controlling interests reserve Total Other equity attributable to unit holders of the Brookfield India REIT Balance as on 01 April 2025 (1,078.33) (53.87) (9,675.47) - (10,807.67) 19,806.95 8,999.28 Less: Distribution to Unitholders for the quarter ended 31 March 2025# - - (1,549.77) - (1,549.77) - (1,549.77) Less: Distribution to Unitholders for the quarter ended 30 June 2025# - - (1,543.69) - (1,543.69) - (1,543.69) Less: Distribution to Unitholders for the quarter ended 30 September 2025# - - (1,740.83) - (1,740.83) - (1,740.83) Less: Distribution to Unitholders for the quarter ended 31 December 2025# - - (2,098.28) - (2,098.28) - (2,098.28) Add: Profit for the year ended 31 March 2026 - - 4,812.30 - 4,812.30 555.21 5,367.51 Add: Other comprehensive income for the year ended 31 March 2026 - - 3.32 - 3.32 - 3.32 Add: Total comprehensive income/(loss) for the year ended 31 March 2026 - - 4,815.61 - 4,815.61 555.21 5,370.83 Add: Restricted stock units - - 5.53 - 5.53 5.53 Balance as at 31 March 2026 (1,078.33) (53.87) (11,786.89) - (12,919.09) 20,362.16 7,443.07 Add: NCI created on conversion of CCD of Kairos - - - - - 2,067.93 2,067.93 Add: NCI created on acqusition of Parthos One- - - - - 700.00 700.00 Add/(Less): NCI created on Equity shares issued by Ecoworld - - 348.94 (12,059.00) (11,710.06) 10,516.55 (1,193.51) Less: Dividend distributed- - - - - (58.61) (58.61) Less: Distribution to Unitholders for the quarter ended 31 March 2026# - - (2,107.90) - (2,107.90) - (2,107.90) Less: Distribution to Unitholders for the quarter ended 30 June 2026# - - (2,431.55) - (2,431.55) - (2,431.55) Add: Profit for the half year ended 30 September 2026 (a)- - 4,198.88 - 4,198.88 782.16 4,981.04 Add: Other comprehensive income for the half year ended 30 September 2026 (b)- - 1.87 - 1.87 - 1.87 Add: Total comprehensive income for the current period (a+b) - - 4,200.75 - 4,200.75 782.16 4,982.91 Add: Restricted stock units - - 4.98 - 4.98 - 4.98 Balance as at 30 September 2026 (1,078.33) (53.87) (11,771.67) (12,059.00) (24,962.88) 34,370.19 9,407.31 Non- controlling interests Total ParticularsAttributable to unit holders of Brookfield India REITBalance at the end of the reporting year 31 March 2026Balance at the end of the reporting period 30 September 2026Particulars
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Other equity ParticularsNet distribution to sponsor group entity in relation to income support guarantee@ Amalgamation adjustment reserve Retained earnings Non- controlling interests reserve Total other equity attributable to unit holders of the Brookfield India REIT Balance as on 01 April 2025 (1,078.33) (53.87) (9,675.47) - (10,807.67) 19,806.95 8,999.28 Less: Distribution to Unitholders for the quarter ended 31 March 2025# - - (1,549.77) - (1,549.77) - (1,549.77) Less: Distribution to Unitholders for the quarter ended 30 June 2025# - - (1,543.69) - (1,543.69) - (1,543.69) Add: Profit for the half year ended 30 September 2025 - - 2,640.22 - 2,640.22 176.61 2,816.83 Add: Other comprehensive income for the half year ended 30 September 2025 - - 1.63 - 1.63 - 1.63 - - 2,641.85 - 2,641.85 176.61 2,818.46 Add: Restricted stock units - - 2.62 - 2.62 - 2.62 Balance as at 30 September 2025 (1,078.33) (53.87) (10,124.45) - (11,256.66) 19,983.56 8,726.90 @Net of contributions received of Rs. 1,177.68 million.The accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results^ Represents deemed contribution received from related parties in connection with transfer of certain employees to these related parties, without transfer of corresponding liability.#The distributions (Dividend, interest payment on shareholder loan, CCD's and NCD's and interest on fixed deposit) made by Trust to its Unitholders are based on the Net Distributable Cash Flows (NDCF) of Brookfield India REIT under the REIT Regulations.TotalAttributable to unit holders of Brookfield India REITAdd: Total comprehensive income for the half year ended 30 September 2025 Non- controlling interests
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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(ii) 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/ HoldCos905.64 1,294.51 410.23 621.04 58.05 417.72 1,121.23 30.66 4,859.08 476.15 5,335.23 per relevant framework (relevant in case of HoldCos) (refer note 1) - - - - - - - - - 702.04 702.04 (+) 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).18.84 11.79 3.13 4.97 0.16 3.86 14.78 0.46 57.99 44.59 102.58 (+) 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 amortizationofany transaction costs which have already been deducted while computing NDCFofprevious period when such transaction costs were paid. (535.98) (443.36) (78.89) - - - (680.62) - (1,738.85) (307.33) (2,046.18) (-) 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) (121.00) - - - - - (266.14) - (387.14) (7.75) (394.89) For the quarter ended 30 September 2025 (Unaudited)SPVs controlled by TrustTotal
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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(ii) 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 September 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 and conditions,covenantsor any other stipulations applicable to external commercial borrowings availed by theTrustor 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 suchasset(such as, concession agreement, transmission services agreement, powerpurchaseagreement, lease agreement, and any other agreement of a like nature, by whatevernamecalled); or (v). statutory, judicial, regulatory, or governmental stipulations; (158.52) (171.54) - (2.31) - (3.50) (177.63) - (513.50) - (513.50) (-) 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. - - - - (17.49) - - (0.42)(17.91) - (17.91) 108.98 691.40 334.47 623.70 40.72 418.08 11.62 30.70 2,259.67 907.70 3,167.37 Surplus cash available in SPVs used for distribution of NDCF:Surplus available on acquisition20.30 - - - - - 240.30 - 260.60 - 260.60 Surplus cash on account of maturity of deposits147.85 171.74 - 2.17 - 3.50 177.63 - 502.89 - 502.89 NDCF including surplus cash 277.13 863.14 334.47 625.87 40.72 421.58 429.55 30.70 3,023.16 907.70 3,930.86 Joint venture partner's share453.85 453.85 NDCF including surplus cash (after reducing Joint venture partner's share) 277.13 863.14 334.47 625.87 40.72 421.58 429.55 30.70 3,023.16 453.85 3,477.01 2. Includes shareholder debt repayments made to external shareholders after 30 September 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 Revised NDCFFrameworkpursuant 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. Hence the NDCFforthe quarter ended 30 September 2025 has been calculated as per this Revised NDCF Framework.The accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results1. Rs. 702.04 million (net amount received Rs. 700.24 million post adjusting TDS of Rs.1.80 million) has been received post 30 September 2025, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. This isincompliance 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. 700.24 million has been distributed to shareholders in compliance withtheRevised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.
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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 ventureHoldco controlled by TrustParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOPArliga EcoworldSubtotal Rostrum Parthos OneCash flow from operating activities as per Cash Flow Statement of SPVs/ HoldCos2,161.09 2,295.17 888.25 1,679.66 87.36 889.93 2,897.59 56.31 3,872.24 14,827.60 700.31 (14.99) 15,512.92 as per relevant framework (relevant in case of HoldCos) (refer note 1 below)- - - - - - - - - - 1,637.53 - 1,637.53 (+) 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).36.91 24.04 13.42 26.96 4.74 18.28 49.14 0.45 86.23 260.17 33.82 - 293.99 (+) 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)(998.99) (838.07) (107.63) - - - (1,175.13) - (1,710.47) (4,830.29) (595.60) (5.24) (5,431.13) (-) 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)(474.30) - - - - - (813.97) - (92.37) (1,380.64) (13.53) - (1,394.17) For the half year ended 30 September 2026 (Unaudited)SPVs controlled by TrustTotal
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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 ventureHoldco controlled by TrustParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOPArliga EcoworldSubtotal Rostrum Parthos OneFor the half year ended 30 September 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; (195.32) (32.36) (10.58) (24.18) - (3.54) (183.25) - (91.03) (540.26) (106.90) - (647.16) (-) 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.- (2.00) - - (6.33) - - - - (8.33) (0.06) - (8.39) NDCF for SPVs/ HoldCos529.39 1,446.79 783.46 1,682.44 85.77 904.67 774.38 56.76 2,064.59 8,328.25 1,655.57 (20.23) 9,963.59 Surplus cash available in SPVs/ HoldCos used for distribution of NDCF:- 10% of NDCF withheld in line with the Regulations in previous period45.29 - - - - - 51.09 - - 96.38 - - 96.38 Surplus available on acquisition43.62 - - - - - 3.97 - - 47.59 - - 47.59 Surplus cash on account of maturity of deposits 159.47 212.39 1.21 3.11 - 3.54 181.31 - - 561.03 113.84 - 674.87 NDCF including surplus cash 777.77 1,659.18 784.67 1,685.55 85.77 908.22 1,010.75 56.76 2,064.59 9,033.25 1,769.41 (20.23) 10,782.43 Joint venture partner's share - - - - - - - - - - 884.71 (10.12) 874.59 External shareholder's share in dividend- - - - - - - - 175.83 175.83 - - 175.83 NDCF including surplus cash (after reducing Joint venture partner's share) 777.77 1,659.18 784.67 1,685.55 85.77 908.22 1,010.75 56.76 1,888.76 8,857.42 884.71 (10.12) 9,732.01 The accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results1. Rs. 810.74 million (net amount received Rs. 808.51 million post adjusting TDS of Rs. 2.23 million) has been received post 30 September 2026, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. Out of suchamountreceived i.e. Rs. 808.51 million, 100% of Trust share i.e. Rs. 404.26 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. 28.63 million and Rs. 9.75 million for the G1 and Kairos respectively for the half year ended 30 September 2026.3. Includes shareholder debt repayments made to external shareholders after 30 September 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 Revised NDCF Frameworkpursuantto SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.
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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(ii) 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/ HoldCos1,775.18 2,402.48 827.72 1,320.36 95.13 999.39 2,432.45 58.77 9,911.48 856.48 10,767.96 per relevant framework (relevant in case of HoldCos) (refer note 1) - - - - - - - - - 1,377.68 1,377.68 (+) 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).25.96 22.74 12.60 9.00 0.56 7.36 28.78 1.09 108.09 66.01 174.10 (+) 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 amortizationofany transaction costs which have already been deducted while computing NDCFofprevious period when such transaction costs were paid. (1,080.42) (915.44) (157.82) (0.00) - - (1,379.13) - (3,532.81) (637.58) (4,170.39) (-) 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) (175.50) - - - - - (487.64) - (663.14) (14.44) (677.58) For the half year ended 30 September 2025 (Unaudited)SPVs controlled by TrustTotal
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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 at SPVs/ HoldCos: -Joint ventureParticulars G1 K1 N1 N2 CIOP Festus Kairos MIOP Subtotal RostrumFor the half year ended 30 September 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 and conditions,covenantsor any other stipulations applicable to external commercial borrowings availed by theTrustor 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 suchasset(such as, concession agreement, transmission services agreement, powerpurchaseagreement, lease agreement, and any other agreement of a like nature, by whatevernamecalled); or (v). statutory, judicial, regulatory, or governmental stipulations; (159.65) (265.91) - (2.43) - (3.54) (178.68) - (610.21) - (610.21) (-) 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) - - - (33.54) - - (0.42)(35.56) (0.09) (35.65) 383.97 1,243.87 682.50 1,326.93 62.15 1,003.21 415.78 59.44 5,177.85 1,648.06 6,825.91 Surplus cash available in SPVs used for distribution of NDCF:Surplus available on acquisition20.30 - - - - - 240.30 - 260.60 - 260.60 Surplus cash on account of maturity of deposits149.11 265.65 - 2.29 - 3.54 179.21 - 599.80 0.11 599.91 NDCF including surplus cash 553.38 1,509.52 682.50 1,329.22 62.15 1,006.75 835.29 59.44 6,038.25 1,648.17 7,686.42 Joint venture partner's share824.08 824.08 NDCF including surplus cash (after reducing Joint venture partner's share) 553.38 1,509.52 682.50 1,329.22 62.15 1,006.75 835.29 59.44 6,038.25 824.09 6,862.34 2. Includes shareholder debt repayments made to external shareholders after 30 September 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 Revised NDCFFrameworkpursuant 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. Hence the NDCFforthe half year ended 30 September 2025 has been calculated as per this Revised NDCF Framework.The accompanying notes from (1 to 23) form an integral part of these Consolidated Financial Results1. Rs. 702.04 million (net amount received Rs. 700.24 million post adjusting TDS of Rs.1.80 million) has been received post 30 September 2025, but before finalisation and adoption of the financial results by the Board of directors of Manager to Trust. This isincompliance 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. 700.24 million has been distributed to shareholders in compliance withtheRevised NDCF Framework pursuant to SEBI Master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025.
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results3 4The 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 02 November 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 read withSEBIMaster 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)10. Parthos One Private Limited (from 23 September 2026)B. SPV of Subsidiary:1. Parthos Properties Private Limited (w.e.f. 29 September 2026) through Parthos One Private Limited.C. Joint Venture, accounted as equity method investeeFinancial results of Rostrum comprise of the financial results of following of its subsidiaries: 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 applied forexceptwhere a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accountingpolicyhitherto in use.During the current period, the Group has applied the following accounting policies for the recognition and measurement of new transactions:Changes in aownership interest in a subsidiary that do not result in the parent losing control of the subsidiary are equity transactions(ie.transactions with owners in their capacity as owners). When the proportion of the equity held by non-controlling interests changes, the Group adjuststhecarrying amounts of the controlling and non-controlling interests to reflect the changes in their relative interests in the subsidiary. The Grouprecognisesdirectly in equity any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paidorreceived, and attribute it to the owners of the parent.
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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 :Under the provisions of the REIT Regulations, Brookfield India REIT is required to distribute to Unitholders not less than 90% of the Net Distributable Cash Flows of Brookfield India REIT for each reporting period. Accordingly, a portion of the unit capital contains a contractual obligation of the Brookfield India REIT to pay to its Unitholders cash distributions. Hence, the unit capital is a compound financial instrument which contain both equity and liability components in 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 as Compliances by REITs.In accordance with Ind AS 108, the Board of Directors of the Manager, Brookprop Management Services Private Limited, has been identified as theChiefOperating Decision Maker (CODM), being responsible for key strategic and operational decisions of Brookfield India REIT. As the REIT isprimarilyengaged in a single line of business comprising of owning, developing, operating and leasing commercial real estate assets in India. Accordingly, the REIToperates as a single reportable segment, and the detailed segment disclosure requirements of Ind AS 108 are not applicable. b) Accounting for written put options over NCI The Group recognises a financial liability when it grants a written put option to non-controlling interest ("NCI") shareholders that provides the holders with the right to sell their ownership interests in a subsidiary to the Group. The liability is initially recognised at the present value of the expected Subsequently, the written put option liability is measured at fair value as at each reporting date. Changes in the carrying amount of the liability, including those arising from revisions in expected redemption amounts, discounting effects and changes in valuation assumptions, are recognised in the Statement of Profit and Loss.The Consolidated Financial Results are presented in Indian Rupees in millions, except when otherwise indicated.The Unaudited Consolidated Financial Results for the quarter and half year ended 30 September 2026 have been subjected to review by Statutory Auditors of Brookfield REIT and they have issued an unmodified review conclusion on the above results.
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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 debenturesCP- Commercial paperb. Breakup of Cash and Cash Equivalents :Cash and Cash Equivalents as on 30 September 2026(Unaudited)Cash and Cash Equivalents as on 30 September 2025(Unaudited)Cash and Cash Equivalents as on 31 March 2026(Audited)Candor Kolkata One Hi-Tech Structures Private Limited1,036.33 505.65 504.97 476.25 315.22 221.59 465.26 288.23 724.55 572.56 238.33 244.02 756.20 783.78 912.15 1,123.38 981.65 1,094.72 2,064.14 - 565.04 55.10 49.53 55.34 8,500.84 12,247.33 2,393.11 32.57 70.28 26.69 Parthos Properties Private Limited 35.01 - - Parthos One Private Limited 9.66 - - 15,127.30 15,480.00 6,742.18 287.56 130.67 28.21 273.93 240.36 374.20 663.37 573.40 787.30 52.61 48.98 47.12 1,277.47 993.41 1,236.83 16,404.77 16,473.41 7,979.01 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)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)
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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 September 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 September 202587,303.44 2,420.50 89,723.94 78,277.92 2,801.66 81,079.58 30,621.01 325.15 30,946.16 28,002.97 419.92 28,422.90 33,500.33 1,663.07 35,163.40 29,781.51 1,259.65 31,041.16 51,240.61 1,949.88 53,190.49 47,854.22 2,097.19 49,951.41 60,531.97 1,237.06 61,769.03 58,888.50 1,715.39 60,603.89 90,506.57 958.85 91,465.42 81,225.00 1,557.41 82,782.41 153,269.87 1,912.81 155,182.68 - - - - 349.81 349.81 - 151.41 151.41 - 3,652.85 3,652.85 - 58.04 58.04 - 2.69 2.69 - 9.46 9.46 Parthos One Private Limited 17,806.10 697.58 18,503.68 - - - 524,779.90 15,170.25 539,950.15 324,030.12 10,070.14 334,100.25 9,097.51 261.94 9,359.47 8,545.50 305.10 8,850.60 14,599.10 498.98 15,098.07 13,248.00 533.29 13,781.29 9,910.40 373.01 10,283.41 8,950.21 372.97 9,323.17 5,822.62 88.79 5,911.41 5,251.27 115.22 5,366.49 39,429.63 1,222.72 40,652.35 35,994.98 1,326.57 37,321.56 564,209.53 16,392.97 580,602.50 360,025.10 11,396.71 371,421.81 As on 30 September 2026(Unaudited) As on 30 September 2025(Unaudited) 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 LimitedCandor 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*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)
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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 groupc) BSREP India Office Holdings Pte. Ltd. (BSREP India Holdings) ( till 18 June 2025)d) 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 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) Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited)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 Limitedag) Project Cotton Holdings One (DIFC) Limited Related parties to Brookfield India REIT as at 30 September 2026BSREP India Office Holdings V Pte. Ltd. - SponsorBrookprop Management Services Private Limited - 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)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 Limited
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Entities having significant influence over Subsidiaries`Prime Office Fund ("PRIME") (w.e.f 25 September 2026)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)Danny Poljak (Non-Executive Director) (w.e.f 10 August 2026)Gautam Mehra (Independent Director) (w.e.f 10 August 2026)Charu Thappar - EVP (w.e.f 01 April 2026)Gaurav Bhatia - EVP (w.e.f 01 April 2026)Key Managerial Personnel of Subsidiaries- 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 09 April 2025)Jairaj Vikas Verma - Company Secretary (w.e.f. 01 May 2025 and till 30 July 2025)Ravi Kumar - Company Secretary (w.e.f. 17 November 2025 till 30 April 2026)- Kairos Properties Private LimitedPallavi Choudhary - Company Secretary (w.e.f. 04 September 2026)Saket Mehta - (w.e.f. 11 July 2026)Head of FinanceAlok Aggarwal - Chief Executive Officer and Managing Director- India office business till 30 June, 2026Amit 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)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 Personnel
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Trustee Fee Expense - Axis Trustee Services Limited 1.31 1.29 0.74 2.60 1.48 5.19 Total 1.31 1.29 0.74 2.60 1.48 5.19 Reimbursement of expenses incurred by (excluding GST)- Brookprop Management Services Private Limited - 3.00 - 3.00 - 3.00 - Brookprop Property Management Services Private Limited 87.18 73.98 52.60 161.16 123.22 297.34 - BSREP India Office Holdings V Pte. Ltd. (12.77) 14.13 - 1.36 - 13.48 - Cowrks India Private limited 0.79 0.87 0.50 1.66 0.71 4.47 - Schloss Chanakya Pvt. Ltd. - - - - - 0.04 - Equinox Business Parks Private Limited - - (0.01) - (0.01) - - Arliga India Office Parks Private Limited 18.49 14.18 - 32.67 - 34.48 - Arliga Ecoworld Infrastrucure Private Limited - - - - - 195.00 Total 93.69 106.16 53.09 199.85 123.92 547.81 Reimbursement of expenses incurred on behalf of (excluding GST)- Aerobode One Private Limited - - 0.23 0.50 0.52 - Brookprop Property Management Services Private Limited 12.65 11.36 6.00 24.01 12.94 42.90 - Striton Properties Private Limited 0.69 1.35 0.88 2.04 1.06 2.56 - Equinox Business Parks Private Limited - - 0.05 - 0.42 0.42 - Arliga India Office Parks Private Limited 2.72 3.03 2.44 5.75 6.19 12.81 - Rostrum Realty Private Limited 2.15 1.89 2.50 4.04 5.70 10.15 - Cole-Parmer India Pvt. Ltd. - - - - - 0.23 - Cowrks India Private Limited - - 0.23 - 0.23 0.32 Total 18.21 17.63 12.33 35.84 27.04 69.91 Internet & Connectivity Charges- Brookfield HRS TS LLC 11.54 11.98 9.40 23.52 17.64 38.39 Total 11.54 11.98 9.40 23.52 17.64 38.39 Rental Income for leased spaces-Clean Max Enviro Energy Solutions Private Limited 0.12 0.21 0.10 0.33 0.32 0.54 -CleanMax IPP 1 Private Limited 0.19 0.34 0.16 0.53 0.51 0.89 -Clean Max Cogen Solutions Pvt. Ltd. 1.46 2.34 1.47 3.80 3.66 7.40 -Striton Properties Private Limited - 0.12 - 0.12 - - -Cowrks India Private limited 266.36 268.34 77.01 534.70 98.02 542.41 -Summit Digital Infrastructure Limited 2.21 2.18 2.06 4.39 4.12 8.26 -Brooksolutions Global Services Private Limited 28.06 27.99 30.70 56.05 58.26 112.53 -Cole-Parmer India Pvt. Ltd. 3.64 3.64 8.82 7.28 8.82 13.86 -Brookprop Property Management Services Private Limited 0.37 - - 0.37 - 1.85 - Elevar Digitel Infrastructure Private Limited (Formerly Known as ATC Telecom Infrastructure Private Limited)- - - - - 0.93 -Arliga India Office Parks Private Limited 10.28 10.27 - 20.55 - 11.07 -Arliga Azure Projects Private Limited 0.07 0.07 - 0.14 - 0.07 -Arliga Galleria (India) Private Limited 0.07 0.07 - 0.14 - 0.07 -Arliga North Star Projects Private Limited 0.11 0.05 - 0.16 - 0.07 Arliga Ecoworld Infrastructure Private Limited 0.02 0.12 - 0.14 - -
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) -Arliga Ecospace Business Parks Private Limited 0.06 0.06 - 0.12 - 0.07 -Arliga 45Icon Business Parks Private Limited 0.06 0.06 - 0.12 - 0.07 -Arliga Millenia Business Parks Private Limited 0.00 0.00 - 0.00 - 0.07 -Arliga Whitefield Business Parks Private Limited 0.06 0.06 - 0.12 - 0.07 -Arliga Azure Business Parks Private Limited 0.00 0.00 - 0.00 - 0.07 -Arliga Eco 4D Business Parks Private Limited 0.06 0.06 - 0.12 - 0.07 -Crest Digitel Private Limited 0.39 0.37 - 0.76 - 0.44 Total 313.59 316.35 120.32 629.94 173.71 700.81 Issuance of 11.50% non convertible debentures to-Prime Office Fund (PRIME) 615.00 - - 615.00 - - Total 615.00 - - 615.00 - - Issuance of complusory convertible debenture to-Prime Office Fund (PRIME) 2,525.00 - - 2,525.00 - - Total 2,525.00 - - 2,525.00 - - Power and fuel expenses-Clean Max Enviro Energy Solutions Private Limited 0.24 0.36 0.23 0.60 0.50 0.88 -Transition Cleantech Services Private Limited 50.75 42.70 28.52 93.45 75.63 155.81 -Transition Energy Services Pvt. Ltd. 41.30 29.47 33.01 70.77 52.71 132.41 -CleanMax IPP 1 Private Limited 0.49 0.53 0.34 1.02 0.89 1.49 -Clean Max Cogen Solutions Private Limited 4.07 6.37 4.41 10.44 9.81 17.73 Total 96.85 79.43 66.51 176.28 139.54 308.32 Income from maintenance services-Elevar Digitel Infrastructure Private Limited (Formerly Known As ATC Telecom Infrastructure Private Limited)0.49 0.02 0.69 0.52 0.72 0.11 -Cowrks India Private Limited 55.89 57.23 4.92 113.13 9.48 45.72 -Summit Digital Infrastructure Limited 0.10 0.10 0.10 0.19 0.20 0.39 -Brooksolutions Global Services Private Limited 4.19 4.44 4.25 8.63 7.98 15.79 -Brookprop Property Management Services Private Limited 0.05 - - 0.05 - - -Cole-Parmer India Pvt. Ltd. 0.46 0.47 - 0.93 - 1.76 -Arliga India Office Parks Private Limited 1.69 1.82 - 3.51 - 1.94 -Arliga Azure Projects Private Limited 0.01 0.01 - 0.01 - 0.01 -Arliga Galleria (India) Private Limited 0.01 0.01 - 0.01 - 0.01 -Arliga North Star Projects Private Limited (0.00) 0.01 - 0.01 - 0.01 -Arliga Ecospace Business Parks Private Limited 0.01 0.01 - 0.01 - 0.01 -Arliga Ecoworld Infrastruture Private Limited 0.00 0.01 - 0.01 - - -Arliga 45Icon Business Parks Private Limited 0.01 0.01 - 0.01 - 0.01 -Arliga Millenia Business Parks Private Limited 0.00 - - 0.00 - 0.01 -Arliga Whitefield Business Parks Private Limited 0.01 0.01 - 0.01 - 0.01 -Crest Digitel Private Limited 0.61 0.61 - 1.22 - 0.60 -Arliga Azure Business Parks Private Limited 0.00 - - 0.00 - 0.01 -Arliga Eco 4D Business Parks Private Limited 0.01 0.01 - 0.01 - 0.01 Total 63.54 64.77 9.96 128.26 18.38 66.40
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Issue of 10.5% unsecured Non convertible debentures-Reco Iris Private Limited - - 1,000.00 - 1,000.00 1,000.00 - Reco Rock Private Limited - - 1,000.00 - 1,000.00 1,000.00 Total - - 2,000.00 - 2,000.00 2,000.00 Interest expenses on unsecured 10.5% Non convertible debenture-Reco Iris Private Limited 24.58 26.42 9.74 51.00 9.74 62.36 - Reco Rock Private Limited 26.71 26.42 9.62 53.13 9.62 62.24 Total 51.29 52.84 19.36 104.13 19.36 124.60 Payment of Interest expense on liability of 10.50% Non convertible debentures-Reco Iris Private Limited 26.42 26.08 - 52.50 - 36.28 - Reco Rock Private Limited 26.42 26.08 - 52.50 - 36.16 Total 52.84 52.16 - 105.00 - 72.44 Interest expense on 12.50% Non convertible debentures- Reco Iris Private Limited 97.06 112.67 165.58 209.73 362.60 636.23 - Reco Rock Private Limited 3.89 3.84 11.83 7.73 47.38 55.12 Total 100.95 116.51 177.41 217.46 409.98 691.35 Interest expense on liability component of compound financial instrument- Reco Cerium Private Limited 4.59 5.17 6.39 9.76 13.56 25.14 Total 4.59 5.17 6.39 9.76 13.56 25.14 Repayment of 12.5% Non convertible debenture-Reco Iris Private Limited 475.50 583.50 1,276.00 1,059.00 1,540.00 2,484.00 -Reco Rock Private Limited - - 1,000.00 - 1,000.00 1,000.00 Total 475.50 583.50 2,276.00 1,059.00 2,540.00 3,484.00 Repayment of 10.5% Non convertible debenture-Reco Iris Private Limited 134.50 - - 134.50 - - Total 134.50 - - 134.50 - - Interest expense on compulsory convertible debentures-Reco Europium Private Limited 38.72 95.82 96.71 134.54 191.73 384.05 Total 38.72 95.82 96.71 134.54 191.73 384.05 Payment of liability component of compound financial instrument- Reco Cerium Private Limited 14.59 14.04 12.48 28.63 24.48 50.95 Total 14.59 14.04 12.48 28.63 24.48 50.95 Payment of interest on compulsory convertible debentures- Reco Europium Private Limited - 203.18 102.19 203.18 203.03 409.43 Total - 203.18 102.19 203.18 203.03 409.43 Payment of interest on liability component of compound financial instrument- Reco Cerium Private Limited 19.18 19.12 19.16 38.30 38.27 76.52 Total 19.18 19.12 19.16 38.30 38.27 76.52
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Payment of interest on 12.5% Non convertible debenture- Reco Iris Private Limited 112.67 127.28 235.86 239.95 399.84 711.77 - Reco Rock Private Limited 3.85 3.79 47.46 7.64 70.42 86.20 Total 116.52 131.07 283.32 247.59 470.26 797.97 Property management fees- Brookprop Property Management Services Private Limited 198.79 190.47 130.78 389.26 260.90 594.09 - Cowrks India Private limited 78.47 64.00 37.74 142.47 68.00 211.71 Total 277.26 254.47 168.52 531.73 328.90 805.80 Investment management fees- Brookprop Management Services Private Limited 53.81 52.31 38.81 106.12 75.16 176.78 Total 53.81 52.31 38.81 106.12 75.16 176.78 Compensation to key management personnel of SPV's- Short-term employee benefits2.96 2.97 2.55 5.93 5.97 17.27 - Post-employment benefits*- - - - - - - Other long-term benefits0.18 0.18 0.16 0.36 0.37 0.86 Total3.14 3.15 2.70 6.29 6.34 18.13 Provision for gratuity and compensated absences transfer from #- Arliga India Office Parks Private Limited - 6.23 - 6.23 0.06 0.06 - Striton Properties Private Limited - 0.55 - 0.55 - - - Witwicky One Private Limited 0.07 - - 0.07 - - - Rostrum Realty Private Limited - - 1.26 - 1.26 1.37 Total 0.07 6.78 1.26 6.85 1.32 1.43 Provision for Bonus transfer to-Rostrum Realty Private Limited - - - - - 0.03 Total - - - - - 0.03 Provision for Bonus transfer from#- Arliga India Office Parks Private Limited - 2.12 - 2.12 - 0.06 - Rostrum Realty Private Limited - - - - - 0.96 Total - 2.12 - 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 to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd. 40.05 44.40 40.65 84.45 186.77 263.72 - BSREP India Office Holdings Pte Ltd. - - - - 69.56 69.56 - BSREP II India Office Holdings II Pte. Ltd. 84.04 93.16 85.30 177.20 170.28 331.74 - BSREP India Office Holdings III Pte. Ltd. 271.30 300.76 275.36 572.06 374.52 895.78 - Project Diamond Holdings (DIFC) Limited 33.90 37.58 34.41 71.48 68.69 133.82 Total 429.29 475.90 435.72 905.19 869.82 1,694.62 *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.
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Interest distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd. 24.75 24.00 28.35 48.75 134.96 186.56 - BSREP India Office Holdings Pte. Ltd. - - - - 50.75 50.75 - BSREP II India Office Holdings II Pte. Ltd. 51.93 50.36 59.49 102.29 121.49 229.76 - BSREP India Office Holdings III Pte. Ltd. 167.66 162.57 192.04 330.23 264.39 613.93 - Project Diamond Holdings (DIFC) Limited 20.95 20.31 24.00 41.26 49.01 92.69 Total 265.29 257.24 303.88 522.53 620.60 1,173.69 Other income distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd. 5.25 0.90 0.30 6.15 2.46 7.11 - BSREP India Office Holdings Pte. Ltd. - - - - 1.03 1.03 - BSREP II India Office Holdings II Pte. Ltd. 11.01 1.89 0.63 12.90 1.89 11.65 - BSREP India Office Holdings III Pte. Ltd. 35.56 6.10 2.03 41.66 3.50 35.00 - Project Diamond Holdings (DIFC) Limited 4.44 0.76 0.25 5.21 0.76 4.70 Total 56.26 9.65 3.21 65.92 9.64 59.49 Dividend distributed to Sponsers (NDCF Distribuition)- BSREP India Office Holdings V Pte. Ltd. 13.95 13.20 9.45 27.15 38.67 65.22 - BSREP India Office Holdings Pte Ltd. - - - - 13.91 13.91 - BSREP II India Office Holdings II Pte. Ltd. 29.27 27.70 19.83 56.97 36.83 92.53 - BSREP India Office Holdings III Pte. Ltd. 94.50 89.42 64.01 183.91 83.85 263.68 - Project Diamond Holdings (DIFC) Limited 11.81 11.17 8.00 22.98 14.86 37.33 Total 149.53 141.49 101.29 291.01 188.12 472.67 - Brookfield Corporation (Formerly known as Brookfield Asset Management Inc.)- - (0.39) - 0.91 3.01 Total - - (0.39) - 0.91 3.01 Miscellaneous expenses- Striton Properties Private Limited - - 0.15 - 1.12 1.12 - Schloss Chanakya Pvt. Ltd. - - - - - 0.04 - Schloss Bangalore Limited (formerly known as Schloss Bangalore Pvt Ltd) - - - - (0.02) - -Axis Trustee Services Limited 0.11 0.04 - 0.15 - - -Equinox Business Parks Private Limited (0.00) 0.01 - 0.01 - - Total 0.11 0.05 0.15 0.16 1.10 1.16 Amount received on account of term loan from bank- Axis Bank Limited 250.00 185.00 3,022.80 435.00 3,139.60 3,645.80 Total 250.00 185.00 3,022.80 435.00 3,139.60 3,645.80 Repayment of term loan from bank- Axis Bank Limited - - 1,957.44 - 1,957.44 1,957.44 Total - - 1,957.44 - 1,957.44 1,957.44 Interest on term loan from bank- Axis Bank Limited 410.99 402.92 433.36 813.91 847.78 1,659.84 Total 410.99 402.92 433.36 813.91 847.78 1,659.84 Reimbursement towards withholding tax liability on Restricted Stock Unit
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Payment towards other borrowing cost (excluding GST)- Axis Trustee Services Limited - - 0.23 - 0.23 0.38 - Axis Bank Limited - - 5.25 - 5.25 10.25 Total - - 5.48 - 5.48 10.63 Deposits with banks made- Axis Bank Limited 4,411.25 11,556.84 18,381.19 15,968.09 25,917.02 112,373.34 Total 4,411.25 11,556.84 18,381.19 15,968.09 25,917.02 112,373.34 Deposits with banks matured- Axis Bank Limited 5,298.95 12,899.35 8,744.62 18,198.30 16,017.69 111,853.52 Total 5,298.95 12,899.35 8,744.62 18,198.30 16,017.69 111,853.52 Interest income on deposits with banks- Axis Bank Limited 23.07 24.79 71.54 47.86 100.84 367.02 Total 23.07 24.79 71.54 47.86 100.84 367.02 Interest income on security deposit- Brooksolutions Global Services Private Limited 2.71 2.68 2.56 5.40 5.10 10.20 - Cowrks India Private Limited 6.18 6.12 0.41 12.30 0.82 11.30 - Cole-Parmer India Pvt. Ltd. 0.09 0.21 - 0.31 - 0.87 Total 8.98 9.01 2.97 18.01 5.92 22.37 Interest cost on security deposit- Brooksolutions Global Services Private Limited 2.80 2.70 2.41 5.50 4.74 9.70 - Cowrks India Private Limited 5.71 5.47 0.38 11.17 0.75 10.00 - Cole-Parmer India Pvt. Ltd. 0.10 0.24 - 0.34 - 0.92 Total 8.61 8.41 2.79 17.01 5.49 20.62 Other expense (excluding GST)- Schloss Chanakya Private Limited - - - - - 0.52 Total - - - - - 0.52 Security deposit received for leased spacesCole-Parmer India Private Limited 1.67 - - 1.67 - - - Cowrks India Private Limited - - 233.34 - 233.34 324.66 Total 1.67 - 233.34 1.67 233.34 324.66 Loss/ (gain) on derivative instrument at fair value through profit and loss - Reco Europium Private Limited 27.27 (35.20) - (7.94) - 49.65 Total 27.27 (35.20) - (7.94) - 49.65 Dividend income from Joint venture- Rostrum Realty Private Limited - 405.35 - 405.35 - 1,486.07 Total - 405.35 - 405.35 - 1,486.07
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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 transactions/ name of entities For the quarter ended 30 September 2026(Unaudited) For the quarter ended 30 June 2026(Unaudited) For the quarter ended 30 September 2025(Unaudited) For the half year ended 30 September 2026(Unaudited) For the half year ended 30 September 2025(Unaudited) For the year ended 31 March 2026(Audited) Conversion of 14% compulsory convertible debentures into Non Controlling Interest (Net of derivative assets)-Reco Europium Private Limited - 2,067.93 - 2,067.93 - - Total - 2,067.93 - 2,067.93 - - Unsecured loan given to Joint venture- Rostrum Realty Private Limited - 3,990.00 - 3,990.00 - - Total - 3,990.00 - 3,990.00 - - Unsecured loan repaid by Joint venture- Rostrum Realty Private Limited 428.25 - - 428.25 - - Total 428.25 - - 428.25 - - Interest expense on debentures- Prime Office Fund (PRIME) 5.19 - - 5.19 - Total 5.19 - - 5.19 - - Interest expense on non convertible debentures- Prime Office Fund (PRIME) 0.39 - - 0.39 - - Total 0.39 - - 0.39 - - Payment of processing fee for term loan from bank (excluding GST)- Axis Bank Limited 42.02 - - 42.02 - - Total 42.02 - - 42.02 - - Payment for Acqusition of Subsidiary-Project Diamond Holdings (DIFC) Limited (Project Diamond) 6,418.67 6,418.67 -Project Cotton Holdings One (DIFC) Limited 6.21 6.21 Total 6,424.88 - - 6,424.88 - - Interest income on loans to Joint venture- Rostrum Realty Private Limited 68.23 4.76 - 72.99 - - Total 68.23 4.76 - 72.99 - -
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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 September 2026(Unaudited) As at30 September 2025(Unaudited) As at31 March 2026(Audited) Trade payables (net of withholding tax)- Brookprop Management Services Private Limited 49.25 35.52 49.20 - Brookfield HRS TS LLC 9.93 14.06 9.60 - Brookprop Property Management Services Private Limited 227.17 241.89 67.04 - Striton Properties Private Limited 0.18 0.75 0.18 - Clean Max Enviro Energy Solutions Private Limited 0.06 0.08 0.03 - Transition Cleantech Services Private Limited 97.48 64.02 72.62 - Cowrks India Private limited 218.82 37.15 143.08 - Equinox Business Parks Private Limited (0.00) 0.01 - - Transition Energy Services Private Limited 46.07 29.15 38.87 - Clean Max Cogen Solutions Private Limited 0.56 0.05 0.52 - CleanMax IPP 1 Private Limited 0.03 0.12 0.05 - Arliga India Office Parks Private Limited 65.01 - 3.16 - Axis Trustee Services Limited 0.01 1.35 - - Axis Bank Limited 12.79 - - Total 727.36 424.15 384.35 Other Payables (net of withholding tax)- Striton Properties Private Limited 4.39 - - - BSREP India Office Holdings V Pte. Ltd. 1.47 - - -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 - - 29.01 - Arliga Ecoworld Infrastucture Private Limited 20.15 - - -Project Diamond Holdings (DIFC) Limited 170.52 - - -Project Cotton Holdings One (DIFC) Limited 0.17 - - - Cowrks India Private Limited 23.65 - - - Witwicky One Private Limited 0.07 - - Total 220.43 - 40.44 Prepaid expenses- Brookprop Property Management Services Private Limited - 0.94 0.06 - Axis Trustee Services Ltd 2.59 - - Total 2.59 0.94 0.06 Other receivables- Aerobode One Private Limited - 0.28 - - Brookfield Corporation (Formerly known as Brookfield Asset Management Inc.)2.69 0.53 3.52 - Striton Properties Private Limited 0.85 0.55 0.68 - Brookprop Property Management Services Private Limited 15.76 6.86 13.72 - Rostrum Realty Private Limited 2.29 5.34 3.58 - Arliga Ecoworld Infrastucture Private Limited - 3.67 263.91 - Arliga India Office Parks Private Limited 2.95 - 3.45 Total 24.54 17.23 288.86 Lease rent equalization- Brooksolutions Global Services Private Limited 19.59 31.26 26.98 - Cole-Parmer India Private Limited (0.58) - 0.66 - Cowrks India Private Limited 99.16 - 44.87 -Crest Digitel Private Limited 0.12 - - -Arliga 45Icon Business Parks Private Limited 0.02 - - -Arliga Millenia Business Parks Private Limited 0.02 - - -Arliga Whitefield Business Parks Private Limited 0.02 - - -Arliga Ecospace Business Parks Private Limited 0.02 - - -Arliga Azure Business Parks Private Limited 0.02 - - -Arliga Eco 4D Business Parks Private Limited 0.02 - - Total 118.41 31.26 72.51 12.50% Non convertible debentures- Reco Iris Private Limited 2,933.51 4,994.75 4,018.19 - Reco Rock Private Limited 125.30 132.05 125.22 Total 3,058.81 5,126.80 4,143.41 10.5% Non convertible debentures-Reco Iris Private Limited886.39 1,008.28 1,022.17 - Reco Rock Private Limited 1,022.70 1,008.18 1,022.17 Total 1,909.09 2,016.46 2,044.34 Outstanding balances
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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 September 2026(Unaudited) As at30 September 2025(Unaudited) As at31 March 2026(Audited) Outstanding balances14% Compulsorily Convertible Debentures-Reco Europium Private Limited 1,232.53 3,547.61 3,533.67 Total 1,232.53 3,547.61 3,533.67 Derivative Assets-Reco Europium Private Limited 63.70 269.90 224.70 - Prime Office Fund (PRIME) 460.40 - - Total 524.10 269.90 224.70 Security deposit from lessee-Cowrks India Private limited 360.61 286.34 302.83 -Brookprop Property Management Services Private Limited 57.76 - - -Brooksolutions Global Services Private Limited 116.80 107.43 112.39 -Cole-Parmer India Private Limited 12.80 - 10.84 -Crest Digitel Private Limited 0.30 - 0.36 -Elevar Digitel Infrastructure Private Limited 0.26 - 0.26 Total 548.53 393.77 426.68 Liability component of compound financial instrument- Reco Cerium Private Limited 109.78 164.69 138.21 Total 109.78 164.69 138.21 Term loans from banks- Axis Bank Limited 22,358.30 21,541.77 21,968.96 Total 22,358.30 21,541.77 21,968.96 Deferred Income -Elevar Digitel Infrastructure Private Limited 0.39 0.45 0.32 -Cowrks India Private Limited82.52 - 77.38 -Brooksolutions Global Services Private Limited11.49 - 15.95 -Cole-Parmer India Private Limited0.04 - 0.29 -Summit Digital Infrastructure Limited4.25 - 4.21 Total 98.69 0.45 98.15 Trade receivables-Summit Digital Infrastructure Limited - 0.03 0.43 -Brookprop Property Management Services Private Limited - 6.57 1.95 -Brooksolutions Global Services Private Limited 0.28 - 0.39 -Elevar Digitel Infrastructure Private Limited 1.34 0.56 0.78 -Clean Max Cogen Solutions Private Limited 0.12 (0.02) 0.60 -CleanMax IPP 1 Private Limited - 0.19 - -Aerobode One Private Limited - 0.24 - -Cowrks India Private Limited 8.40 - 2.13 -Arliga India Office Parks Private Limited 33.40 - 0.58 -Arliga Whitefield Business Parks Private Limited 0.18 - 0.01 -Arliga Ecospace Business Parks Private Limited 0.09 - 0.06 -Arliga 45ICON Business Parks Private Limited 0.01 - 0.05 -Crest Digitel Private Limited 3.33 - 2.65 -Arliga Azure Business Parks Private Limited 0.01 - 0.01 -Arliga Azure Projects Private Limited 0.01 - 0.00 -Arliga Eco 4D Business Parks Private Limited 0.05 - 0.01 -Arliga Galleria India Private Limited 0.01 - 0.00 -Arliga Northstar Projects Private Limited 0.01 - 0.00 -Cole-Parmer India Private Limited 0.03 - 0.06 -Arliga Millenia Business Parks Private Limited 0.00 - 0.00 -Rostrum Realty Private Limited 5.02 2.87 - -Clean Max Enviro Energy Solutions Private Limited - 0.05 - Total 52.29 10.49 9.71
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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 September 2026(Unaudited) As at30 September 2025(Unaudited) As at31 March 2026(Audited) Outstanding balancesDeferred consideration payable-BSREP III New York FDI I (DIFC) Limited 10,629.22 - 10,222.15 Total10,629.22 - 10,222.15 Balance with banks (in current accounts)- Axis Bank Limited 26.51 19.72 21.98 Total 26.51 19.72 21.98 Balance with banks (in deposit accounts)-Cash and cash equivalents- Axis Bank Limited 1,208.50 12,718.99 3,466.44 Total 1,208.50 12,718.99 3,466.44 Balance with banks (in deposit accounts)-Other bank balances- Axis Bank Limited 216.75 189.01 189.01 Total 216.75 189.01 189.01 Interest accrued but not due on deposits with banks- Axis Bank Limited 5.94 44.26 6.67 Total 5.94 44.26 6.67 Capital creditor- Arliga India Office Parks Private Limited - - 20.67 Total - - 20.67 Unsecured loans receivable (non- current)- Rostrum Realty Private Limited3,561.75 - - Total 3,561.75 - - Investment in equity acccounted investee- Rostrum Realty Private Limited8,279.76 - 8,831.15 Total 8,279.76 - 8,831.15 12.5% Compulsorily Convertible Debentures- Prime Office Fund (PRIME)2,990.64 - - Total 2,990.64 - - 11.5% Non convertible debentures- Prime Office Fund (PRIME)615.39 - - Total 615.39 - - Interest accrued but not due on loan to JV- Rostrum Realty Private Limited68.23 - - Total 68.23 - -
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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 on investment properties of SDPL Noida has been created on 13 May 2026 as pertheterms set out under Debenture Trust Deed.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 is concentratedininvestment 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. 19,969.20 million which is after a discount of Rs. 30.80 million. Discount on NCDs is amortized over the tenure of the underlying instrument. These NCDs arelistedon BSE on 23 December 2025.Debt at Face Valueas at 30 September 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 previous year ended 31 March 2026, the Government of India consolidated 29 existing labour legislations into a unifiedframeworkcomprising four 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 on theRulesto 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, benefitandinterest of 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*
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results15 1617 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 the publicationofquarterly 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 Group has assessed the rights granted to the Investor and Brookfield India REIT in relation to its investment in Arliga Ecoworldandconcluded that the Investor continues to have present rights to, and exposure to, variable returns from its ownership interest. Accordingly,theInvestor's interest continues to be recognised as a non-controlling interest ("NCI") in accordance with Ind AS 110. The Group has also recognised a put option liability at its present value of redemption amount, with subsequent remeasurement changes recognised in the Consolidated StatementofProfit and Loss.Consequently, NCI of Rs. 10,516.55 million was recognised on acquisition. Further, a put option liability of INR 12,059.00 million wasrecognisedon acquisition with a corresponding adjustment in Other equityAs at 30 September 2026, the put option liability wasremeasuredto INR 12,771.10 million, resulting in a charge of INR 712.10 million recognised under "Other Expenses" in the Consolidated Statement ofProfitand Loss.During the period, certain capital restructuring transactions were undertaken in Kairos Properties Private Limited (Kairos) and SeaviewDevelopersPrivate 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 carrying amountofnon-controlling interests increased to reflect the additional equity shares issued to Reco Europium Private Limited. The transaction did not resultinSeaview 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. 0.07 million ( Rs. 65,010) and anincreasein securities premium of Rs. 299.04 million. Following the conversion, all outstanding CCDs of Seaview Developers Private Limitedwereextinguished and no CCDs remained outstanding as at 30 June 2026. The transaction did not result in any change in Brookfield Indiaownership interest in Seaview Developers Private Limited, which continued to be a wholly owned subsidiary of Brookfield India REIT.During the quarter ended 30 September 2026, Kairos and Seaview Developers Private Limited have also filed schemes of arrangement beforetheNational Company Law Tribunal ('NCLT') for adjustment of capital-nature reserves against accumulated losses. These schemes arecurrentlypending for approval by the NCLT. 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 per Unit(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 BSE on22April 2026.
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results1819 Tax amendments 20On 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.On September 29, 2026, Brookfield India REIT, through Parthos One Private Limitedacquired 50% stake in equity (onafully diluted basis) of Parthos Properties Private LimitedParthos properties owns, operates and manages three floors(2nd,3rd and 4th floors) in Godrej BKC, located in G Block, Bandra Kurla Complex, Mumbai - 400051 (theParthos One hasacquired100% of equity stake (on fully diluted basis) of Parthos Properties for a purchase consideration of Rs. 6,424.89 million and a transaction costofRs. 2.65 million, aggregating to Rs 6,427.54 million.The above purchase consideration was subject to certain adjustment (working capital adjustment) basis the limited reviewedfinancialstatement/information of Parthos Properties as of and for the period ended September 30, 2026, in accordance with the terms set outunderSecurities Purchase Agreement(s). Accordingly, an adjustment of Rs. 170.69 million has been considered in the purchase considerationonprovisional basis for preparation of consolidated financial information of Parthos One.To complete the acquisition of the GBKC Floors by Holdco, Brookfield India REIT acquired controlling stake in Holdco by acquiring 50% ofitsequity interest and compulsorily convertible debentures; for a total consideration of Rs. 3,225.00 million. Brookfield India REIT has alsoincurreddirectly attributable expenses in relation to this asset acquisition, amounting to Rs. 15.37 million, resulting in the total purchase considerationof Pursuant to the enactment of Taxation and Other Laws (Amendment) Act, 2026 on August 17, 2026, permitting continuation of dividendpass-through benefits to unitholders under the concessional tax regime, the eligible SPVs of the Trust have elected to transition to the concessionaltaxregime. Consequently, deferred tax balances are remeasured using the applicable enacted tax rates, Minimum Alternate Tax ("MAT")creditentitlements are reassessed based on expected future utilisation under the concessional tax regime and MAT expense recognised in thepreviousquarter is reversed during the current quarter, as under the concessional tax regime, such SPVs are no longer subject to Minimum AlternateTax("MAT").Accordingly, a net deferred tax credit of INR 972.25 million is recognised during the current quarter, comprising of a credit of Rs. 1,213.71millionon recognition of eligible MAT credit assets set off by a charge of Rs. 241.46 million on remeasurement of deferred tax assets (net). Additionally,acurrent tax credit of Rs. 343.11 million is recognised pursuant to the reversal of MAT expense recognised during the previous periods. As aresult,a net credit impact of Rs. 1,315.36 million is recognised under thein the consolidated statement of Profit and Loss for thecurrentquarter.Although the Group acquired 50% of the equity interest in Parthos One, the management assessed and concluded that the Group hassubstantivedecision-making rights, specifically the ability to take decisions over leasing arrangements, which provides the Group with the ability to directtherelevant activities that significantly affect the returns of the entity in accordance with Ind AS 110, Consolidated Financial Statements.Accordingly,Parthos One and its subsidiary Parthos Properties, have been consolidated as subsidiaries from the acquisition date.Brookfield India REIT applied the optional concentration test, under Ind AS 103, and concluded that the acquired set of activities and assetsisasset acquisition because substantially all of the fair value of gross assets acquired is concentrated in investment properties, with similarriskcharacteristics. Brookfield India REIT identified and recognized the individual identifiable assets acquired and liabilities assumed; andallocatedthe purchase consideration to the individual identifiable assets and liabilities on the basis of their relative fair values at the date of acquisition.The Group recorded total assets of INR 17,184.06 Million and total liabilities of INR 10,585.84 Million at fair value on account ofParthosacquisition.
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Brookfield India Real Estate TrustStatement of Consolidated Financial Results(All amounts are in Rupees millions unless otherwise stated)Notes to the Consolidated Financial Results212223For 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: 02 November 2026Date: 02 November 2026"0.00" Represents value less than Rs. 0.01 million.For the quarter and half year ended 30 September 2025,Property tax recovered from tenants, which was previously netted off against "Rates andtaxes" has been reclassified and presented under "Income from maintenance services". This reclassification does not have material impact ontheconsolidated financial results.The figures for the quarter ended 30 September 2026 are the derived figures between the unaudited figures in respect of the half year ended30September 2026 and the unaudited published figures for the quarter ended ended 30 June 2026 which were both subject to limited review bytheStatutory auditors.