Interim report
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KNOWLEDGE REALTY TRUST acting through its manager – KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED (Formerly known as Trinity Office Management Services Private Limited) RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharashtra, India Corp. Office: Salarpuria, Windsor #3, 2nd Floor, Ulsoor Road, Sivan Chetty Gardens, Bangalore - 560042, Karnataka, India Registration No.: IN/REIT/24-25/0006 Telephone: +91 22 68684400 E-mail: info@knowledgerealtytrust.com Website: www.knowledgerealtytrust.com Date: 03rd November, 2026 To, The Corporate Relations Department, The National Stock Exchange of India Limited Exchange Plaza, 5 th Floor, Plot No. C/1, G - Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051 Scrip Code: KRT To, The Corporate Relations Department, Department of Corporate Services, BSE Limited, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code : 544481 (“ Units”), 977158, 977536 and 977888 (“Non-Convertible Debentures ”) and 73 2261 (“Commercial Papers”) Dear Sir / Madam, Subject: Outcome of the Meeting of the Board of Directors of Knowledge Realty Office Management Services Private Limited, Manager to Knowledge Realty Trust, held on Tuesday, 03rd November 2026. Pursuant to Regulation 51(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) and Regulation 23(5) and other applicable provisions of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (“SEBI REIT Regulations”) read with circulars, guidelines, notifications and clarifications issued thereunder from time to time, we wish to inform you that the Board of Directors (“Board”) of Knowledge Realty Office Management Services Private Limited (“ Manager”), Manager to Knowledge Realty Trust (“ Trust”) at its meeting held on Tuesday, 03rd November, 2026, has inter-alia, considered and: 1. Approved the Unaudited Standalone and Consolidated Financial Results of the Trust for the quarter and half year ended 30th September, 2026 (“Unaudited Financial Results”) and the Statutory Auditor’s Limited Review Report thereon; A copy of said Unaudited Financial Results along with the Limited Review Report issued by the Statutory Auditors and Security Cover Certificate in compliance with Securities and Exchange Board of India (“SEBI”) Circular bearing reference no. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/6 dated 19 th May, 2022, read with Regulation 54 of SEBI LODR Regulations, is enclosed and marked as Annexure A. Pursuant to paragraphs 4.17 and 4.18 of SEBI Master Circular for Real Estate Investment Trusts (REITs) No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11th July, 2025, there is no material deviation in the use of proceeds from the funds raised through Initial Public Offer and issuance of Non -Convertible Debt Securities by the Trust. We have enclosed the statement of deviation / variation in the use of proceeds , reflecting nil deviation / variation, for the quarter ended 30th September, 2026 as Annexure B. 2. Approved the Distribution of INR 1.723/- (Indian Rupees One Point Seven Two Three only) per unit which aggregates to INR 7,640.47/- million (Indian Rupees Seven Thousand Six Hundred Forty Point Four Seven million only) to the Unitholders of the Trust for the quarter ended 30 th September, 2026. The distribution comprises INR 4,075.21/- million (Indian Rupees Four Thousand Seventy -Five Point Two One million only) / INR 0.919/- (Indian Rupees Zero Point Nine One Nine only) per unit in the form of dividend, INR 1,410.14/- million (Indian Rupees One Thousand Four Hundred Ten Point One Four Million only) / INR
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KNOWLEDGE REALTY TRUST acting through its manager – KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED (Formerly known as Trinity Office Management Services Private Limited) RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharashtra, India Corp. Office: Salarpuria, Windsor #3, 2nd Floor, Ulsoor Road, Sivan Chetty Gardens, Bangalore - 560042, Karnataka, India Registration No.: IN/REIT/24-25/0006 Telephone: +91 22 68684400 E-mail: info@knowledgerealtytrust.com Website: www.knowledgerealtytrust.com 0.318/- (Indian Rupees Zero Point Three One Eight only) per unit in the form of interest, INR 2,146.25/- million (Indian Rupees Two Thousand One Hundred Forty-Six Point Two Five million only) / INR 0.484/- (Indian Rupees Zero Point Four Eight Four only) per unit in the form of repayment of debt and INR 8.87/- million (Indian Rupees Eight Point Eight Seven million only) / INR 0.002/- (Indian Rupees Zero Point Zero Zero Two only) per unit in the form of other income; 3. Took on record the Summary Valuation Report of the Trust for the half year ended 30 th September, 2026, dated 03rd November, 2026, issued by iVAS Partners, Independent Valuer, represented by its Partner , Mr. Shubhendu Saha along with report on market intelligence services provided by CBRE South Asia Private Limited dated 03rd November, 2026; 4. Declared Net Asset Value of INR 126.55/- for the Trust as at 30th September, 2026 as per Regulation 10(22) of the SEBI REIT Regulations, based on the Summary Valuation Report dated 03rd November, 2026, issued by iVAS Partners, Independent Valuer, represented by its Partner Mr. Shubhendu Saha with market intelligence services provided by CBRE South Asia Private Limited; and 5. Took note of the withdrawal of the proposed Demerger s of Devbhumi Realtors Private Limited and One International Center Private Limited , Special Purpose Vehicle(s) of Trust, which was earlier approved by the Board at its meeting held on 12 th January, 2026 and subsequently by the unitholders of the Trust on 3 rd February, 2026, after taking into consideration the relevant business, operational and other factors. The documents referred to above shall also be uploaded on the website of the Trust at www.knowledgerealtytrust.com The Press Release, Earnings Presentation, and Summary Valuation Report will be uploaded separately. We also wish to inform you that the record date for the distributions to Unitholders for the quarter ended 3 0th September, 2026, will be Friday, 06th November, 2026, and the payment of distribution will be made on or before Monday, 16th November, 2026. The meeting commenced at 12:30 P.M. (IST) and concluded at 01:45 P.M. (IST). Kindly take the same on your records. Thanking you, For and on behalf of Knowledge Realty Trust, acting through its Manager, Knowledge Realty Office Management Services Private Limited Ashutosh Vaidya Company Secretary and Compliance Officer Membership No. A14242 Encl: As above
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SR BC &COLLP Chartered Accountants 121h Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028 India Tel: +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Half-Yearly Standalone Unaudited Flnanclal Results of Knowledge Realty Trust Pursuant to Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended, including any guidelines and circulars issued thereunder To The Board of Directors of Knowledge Realty Office Management Services Private Limited (acting in its capacity as the Manager of the Knowledge Realty Trust) One BKC, C·407, Plot No. C-66, G Block, Sandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India. 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Knowledge Realty Trust ("the Trust") for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by Knowledge Realty Office Management Services Private Limited (the "Manager" pursuant to the requirement of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended including any guidelines and circulars issued thereunder, (together referred as the "REIT 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"), specified under Companies (Indian Accounting Standards) Rules, 2015, as amended, to the extent not contrary to the REIT Regulations and other accounting principles generally accepted in India. The Statement has been approved by the Board of Directors of the Manager. 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. 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 persons 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 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. SRC&COLLP. aLimited Liability Partnership with LLP identity NO. AA84318 Regd Office: 22, Camac Street, Block 8', 3rd Floor. Kofkata-700 016 Annexure A
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Limited review report on the Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026 Page 2 of 2 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 the recognition and measurement principles laid down In the aforesaid Indian Accounting Standards to the extent not contrary to the REIT Regulations and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the REIT Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 12 of the Statement, which describes the presentation / classification of "Unit Capital" as "Equity" in order to comply with the mandatory requirements of the relevant 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 SRBC & CO LLP Chartered Accountants ICAI Firm re7n number: 324982E/E300003 4sseey % Ranka �* \ MUMBAI } � Partner [, Je Membership No.: 209567 ?g,,__, UDIN: 26209567JKOTFB8080 '@@4co! Bengaluru November 03, 2026
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of unaudited Standalone Financial Results for the quarter and half year ended 30 September 2026 (All amounts are in Indian Rupees million, unless otherwise stated) £ KNOWLEDGE REALTY TRUST Particulars Income Dividend Income Interest Income Other Income (refer note 1) Total Income Expenses Other expenses (refer note 2) Total Expenses Earnings before finance costs, depreciation, amortisation and tax Finance costs Depreciation and amortisation expenses Profit before tax Tax expenses Current tax Deferred tax charge / (credit) Profit for the period / year Other comprehensive income Items that will not be reclassified subsequently to profit or loss Re-measurement gains / (loss) on defined benefits obligation Income tax relating to above item Total other comprehensive income for the period / year Total comprehensive income for the period / year Earnings per unit (not annualised) (refer note 3) - Basic and Diluted (in Rs.) 4,930.98 1.11 4,763.31 1.07 11,160.66 8.70 9,694.29 2.18 11,151.55 8.70 23,906.30 8.38 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 2,938.00 2,795.02 10,660.00 5,733.02 10,660.00 19,584.86 3,044.27 2,882.35 718.64 5,926.62 718.64 5,953.70 12.91 11.93 24.84 72.00 5,995.18 5,689.30 11,378.64 11,684.48 11,378.64 25,610.56 109.25 109.77 196.22 219.02 205.33 413.46 109.25 109.77 196.22 219.02 205.33 413.46 5,885.93 5,579.53 11,182.42 11,465.46 11,173.31 25,197.10 950.13 814.31 21.76 1,764.44 21.76 1,281.54 4,935.80 4,765.22 11,160.66 9,701.02 11,151.55 23,915.56 4.82 1.91 6.73 9.26 4.82 1.91 6.73 9.26 4,930.98 4,763.31 11,160.66 9,694.29 11,151.55 23,906.30
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Standalone Statement of Assets and Liabilities (All amounts are in Indian Rupees million, unless otherwise stated) Particulars As at 30 September 2026 (Unaudited) As at 31 March 2026 (Audited) As at 30 September 2025 (Unaudited) Assets Non-current assets Financial assets Investments Loans Other financial assets Other non-current assets Total Non-current assets Current assets Financial assets Cash and cash equivalents Other bank balances Loans Other financial assets Other current assets Total Current assets Total Assets 4,01,470.35 4,01,440.35 4,00,090.35 93,217.81 87,278.68 80,309.46 2.50 2.50 1.60 13.44 14.96 0.02 4,94,704.10 4,88,736.49 4,80,401.43 1,607.72 136.55 24.94 7.49 182.52 1,502.34 1,650.55 2,546.87 1,970.00 1,736.11 2,257.84 718.41 41.66 13.17 19.72 5,043.53 5,136.95 4,235.41 4,99,747.63 4,93,873.44 4,84,636.84 Equity and Liabilities Equity Unit Capital Distribution - Repayment of Capital Other equity Total Equity Liabilities Non-current liabilities Financial liabilities Borrowings Total Non-current liabilities 4,42,021.28 (6,261.37) 11,302.91 4,47,062.82 47,610.99 47,610.99 4,41,991.22 (2,181.72) 12,211.27 4,52,020.77 41,537.42 41,537.42 4,41,996.49 11,127.99 4,53,124.48 29,921.86 29,921.86 Current liabilities Financial liabilities Borrowings Trade payables Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises Other financial liabilities Other current liabilities Current tax liabilities (net) Total Current liabilities Total Liabilities Total Equity and Liabilities 4,964.32 0.01 15.50 10.97 69.95 82.87 294.11 1,512.05 7.39 10.14 8.50 3.74 0.02 5,073.82 315.25 1,590.50 52,684.81 41,852.67 31,512.36 4,99,747.63 4,93,873.44 4,84,636.84
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Standalone Statement of Cash Flows (All amounts are in Indian Rupees million, unless otherwise stated) £ KNOWLEDGE REALTY Rust Particulars Cash flows from operating activities: Profit before tax Adjustments to reconcile Profit before tax to net cashflows: Dividend income Interest income Profit on sale of investments (net) Gain on fair valuation of financial assets classified at FVTPL Finance costs Expenses related to IPO charged to PftL, funded through IPO proceeds Operating loss before working capital changes Changes in working capital: Other financial assets (current and non-current) Other assets (current and non-current) Trade payables Other current and non-current liabilities Net cash flow used from operating activities before taxes Income taxes paid (net of refunds) Net cash flow used in operating activities Cash flows from investing activities: Loans given Proceeds from repayment of loans given Investment in equity shares of SPVs Investment in NCD of SPVs Dividend received from SPVs Interest received Redemption of mutual funds Net cash flow generated from I (used in) investing activities Cash flow from financing activities Proceeds from issue of units Expenses related to IPO (including balance in escrow account for IPO related expenses) Proceeds from issue of non convertible debentures Proceeds from issue of Commercial papers Repayment from issue of Commercial papers Proceeds from other non-current borrowings Distribution to unitholders Interest paid Net cash flow generated from / (used in) financing activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Cash and cash equivalent comprises of: Balances with banks: - in current accounts Investments in Overnight mutual funds (At FVTPL) (Unquoted) For the half year ended 30 September 2026 (Unaudited) 9,701.02 (5,733.02) (5,926.62) (18.74) (0.29) 1,764.44 (213.21) 39.26 (26.98) 4.51 (2.75) (199.17) (3.01) (202.18) (10,704.90) 5,662.10 (30.00) 5,733.02 6,409.10 19.03 7,088.35 2.78 6,001.27 9,831.66 (4,915.44) 72.31 (14,682.28) (1,725.30) (5,415.00) 1,471.17 136.55 1,607.72 392.43 1,215.29 1,607.72 For the half year ended 30 September 2025 (Unaudited) 11,151.55 (10,660.00) (718.64) 21.76 202.79 (2.54) (1.60) 2.54 (1.60) (0.02) (1.62) (81,189.46) (9,300.39) (1,090.00) 15,310.00 0.23 (76,269.62) 48,000.00 (1,691.81) 16,010.67 13,977.32 76,296.18 24.94 24.94 24.94 24.94 The above standalone statement of cash flows has been prepared under the 'Indirect Method' as set out in the Indian Accounting Standard (Ind AS) 7 - "Statement of Cash Flows".
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Standalone Statement of changes in Unitholder's Equity (All amounts are in Indian Rupees million, unless otherwise stated) A Unit Capital Particulars Balance as at 01 April 2025 Units issued during the period - pursuant to the initial public offer, issued, subscribed and fully paid up in cash (refer note 8) - in exchange for equity interest of SPVs (refer note 7) Less: Units issue expenses Balance as at 30 September 2025 Balance as at 01 April 2026 Units issued during the period Less: Units issue expenses Balance as at 30 September 2026 B Distribution - Repayment of Capital Particulars Balance as at 01 April 2025 Less: D1str1but1on to un1tholders Balance as at 30 September 2025 Balance as at 01 April 2026 Less: Distribution to unitholders Balance as at 30 September 2026 C Other equity - Retained earnings Particulars Balance as at 01 April 2025 Add: Profit for the period Add: Other comprehensive income (net of tax) Balance as at 30 September 2025 Balance as at 01 April 2026 Add: Profit for the period Add: Other comprehensive income (net of tax) Less: Distribution to unitholders Balance as at 30 September 2026 KNOWLEDGE R E A L 1 R u s t Number of units Amount 48,00,00,000 48,000.00 3,95,43,99,541 3,95,439.95 (1,443.46) 4,43,43,99,541 4,41, 996.49 4,43,43,99,541 4,41,991.22 30.06 4,43,43,99,541 4,42,021.28 Amount (2,181.72) (4,079.65) (6,261.37) Amount (23.56) 11,151.55 11,127.99 12,211.27 9,694.29 (10,602.65) 11,302.91
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Standalone Statement of Net Assets at Fair Value (All amounts are in Indian Rupees million, unless otherwise stated) Disclosure pursuant to guidance under Chapter 4, Paragraph 4.1.5 to SEBI master circular no, SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) (A) Statement of Net Assets at Fair value (NAV) Particulars As at 30 September 2026 As at 31 March 2026 As at 30 September 2025 (Unaudited) (Audited) (Unaudited) Book value Fair value Book value Fair value Book value Fair value (A) Total Assets (B) Total Liabilities (C) Net Assets 4,99,747.63 52.684.81 4,47,062.82 6,13,839.82 52,684.81 5,61, 155.01 4,93,873.44 41,852.67 4,52,020.77 5,90,004.71 41,852.67 5,48,152.04 4,84,636.84 31,512.36 4,53,124.48 5,54,816.50 31,512.36 5,23,304.14 (D) Number of Units (E) NAV per unit (C)/ (D) 4,43,43,99,541 100.82 4,43,43,99,541 126.55 4,43,43,99,541 101.94 4,43,43,99,541 123.61 4,43,43,99,541 102.18 4,43,43,99,541 118.01 Notes: (i) Measurement of fair values: The fair value of investments in Assets SPVs and Investment entities (together referred as SPVs') are computed basis the fair value of the underlying investment properties, investment properties under development, property, plant and equipment and capital work-in-progress (together referred as Specified assets") as at 30 September 2026 along with book values of other assets and liabilities accounted in the respective SPV financial statements as at 30 September 2026. The fair value of Specified assets have been determined by an independent external property valuer, having appropriately recognized professional qualifications and recent experience in the location and category of the property being valued. (ii) Valuation technique: The fair value measurement for al Specified assets have been categorised as Leve! 3 fair value based on the inputs to the valuation technique used. The valuer has followed a Discounted Cash Flow method. The valuation model considers the present value of net cash flows to be generated from the respective properties, taking into account existing lease arrangements, expected rental growth rate, vacancy period, occupancy rate and lease incentive cot. The expected net cash flows are discounted using the risk adjusted discount rates. Among other factors, the discount rate estimation considers the quality of a building and its tocation (prime vs secondary), tenant credit quality and tease term5. As at As at As at 30 September 2026 31 March 2026 30 September 2025 (Unaudited) (Audited) (Unaudited) 6,12,167.01 5,89,655.01 5,53,267.88 1,672.81 349.70 1,548.62 6,13,839.82 5,90,004.71 5,54,816.50 (52,684.81) (41,852.67) (31,512.36) 5,61,155.01 5,48,152.04 5,23,304.14 (iii) Break up of Net Asset Value Particulars Fair value of Investments in 5PVs Add: Other assets Total assets Less: Liabilities Net Assets (vi) The Trust holds investments in SPVs which in turn hold the properties. Hence, the breakup of property wise fair values has been disclosed in the consolidated financial results. For the half year ended For the year ended For the half year ended 30 September 2026 31 March 2026 30 September 2025 (Unaudited) (Audited) (Unaudited) 9,694.29 23,906.30 11,151,55 19,439.01 24,922.19 8,558.53 29,133.30 48,828.49 19,710.08 Total comprehensive income/ (loss) (A) Add : Changes in fair value not recognized (refer note below) (B) Total Returns (A+B) (B8) Statement of Total Returns at Fair Values Particulars Note: In the above statement, changes in fair value have been computed based on the difference in fair values of Specified assets from the date of acquisition / 1 April to 30 September adjusted for changes in book values of specified assets for such periods. The fair values of the specified assets are solely based on the valuation report of the independent valuer appointed under the REIT Regulation as at respective valuation dates.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cash Flows (NDCF) of the Trust Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) (All amounts are in Indian Rupees million, unless otherwise stated) For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026° (Unaudited) (Unaudited) {Unaudited) (Unaudited) (Unaudited) (Audited) (100.4-) (101.74) (1.62) (202.18) (1.62) (195.65) 8,678.49 8,429.78 1,711.90 17,108.27 1,711.90 17,261.87 12.62 6.12 0.23 18.74 0.23 23.73 Cash flow from operating activities of the Trust (+) Cash flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework (+) Treasury income/ income from investing activities of the Trust (interest income received from FD, any investment entities as defined in Regulation 18(5), tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. Particulars (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs/Holdcos or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs/ Hold cos or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account. However, amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment at Trust level (to include principal repayments as per scheduled EMI's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments I debt refinanced through new debt in any form or funds raised through issuance of units) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with financial institution, or (ii) terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the Trust operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name calleo); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned/ leased by the REIT, to the extent not funded by debt/ equity or from contractual reserves created in the earlier years NDCF at Trust Level Add: Distribution from surplus cash reserves (excluding cash surplus utilised to grant ICD to SPVs) (950.13) 7,640,54 (814.31) 7,519.85 (21.76) 1,688,75 5,211.31 (1,764.44) 15,160.39 (21.76) 1,688.75 5,211.31 (1,281.54) 15,808.41 5,211.31 NDCF at Trust level (including distribution from surplus cash reserves) 7,640.54 7,519.85 6,900.06 15,160,39 6,900.06 21,019.72 Note: The Board of Directors of the Manager to the Trust, in its meeting held on 03 November 2026, have declared distribution to unitholders of Rs. 1.723 per unit which aggregates to Rs. 7,640.47 million. T 1isxtnrets '23 per unit comprises Rs. 0.919 per unit in the form of dividend, Rs. 0.318 per unit in the form of interest, Rs. 0.484 per unit in the form of repayment of debt and Rs. 0.002 per unit in the form of other income. NDCF for the quarter and half year ended 30 September 2025 and year ended 31 March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full period/year NDCF.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Standalone Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Other income Particulars Profit on sale of investments Gain on fair valuation of financial assets classified at FVTPL Liabilities written back Loan Processing fees on loan given to SPVs Total 2 Other expenses Particulars REIT management fees (refer note 4) Advertisement expense Rates and taxes legal and professional fees Travelling and conveyance Insurance Valuation fees Printing and Stationaries Audit fees Trustee fees Miscellaneous Expenses Total ( KNOWLEDGE eAurv r?us1 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 12.62 6.12 18.74 23.36 0.29 0.29 4.67 5.81 5.81 43.97 12.91 11.93 24.84 72.00 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 88.69 84.56 173.25 163.47 0.98 2.00 127.75 2.98 135.95 140.47 10.85 11.62 45.05 22.47 45.29 45.29 4.60 7.99 10.66 12.59 10.66 37.86 7.59 7.59 7.59 0.76 0.76 1.12 1.52 1.76 3.25 1.00 1.00 2.00 0.16 0.16 1.88 1.51 1.97 3.39 2.00 9.30 1.33 1.33 1.08 2.66 1.08 3.82 0.41 109.25 109.77 196.22 219.02 205.33 413.46
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Standalone Financial Results (All amounts are in Indlan Rupees million, unless otherwise stated) Earnings per unit (EPU) Basic EPU is calculated by dividing the profit / (loss) for the period / year attributable to unitholders of the Trust by the weighted average number of units outstanding during the period / year. Diluted EPU is calculated by dividing the profit / (loss) attributable to unit holders of the Trust by the weighted average number of units outstanding during the period / year plus the weighted average number of units that would be issued on conversion of all the dilutive potential units into unit capital. For the half year ended (Unaudited) (Unaudited) 30 September 2026 30 September 2025 9,694.29 11,151.55 4,43,43,99,541 1,28,22,81,832 23,906.30 2,85,40,22,717 (Audited) 8.38 For the year ended 31 March 2026 8.70 2.18 For the quarter ended 30 September 2026 30 June 2026 30 September 2025 (Unaudited) (Unaudited) (Unaudited) 4,930.98 4,763.31 11,160.66 4,43,43,99,541 4,43,43,99,541 1,28,22,81,832 1.11 1.07 8.70 Particulars Profit for the period / year Weighted average number of units Earnings per unit (Not Annualised) - Basic and Diluted (in Rs.) 4 Investment Management fee REIT Management fee Pursuant to the Investment Management Agreement dated 10 October 2024, Investment Manager is entitled to fees @ 1% of distributions, exclusive of applicable taxes. The fees has been determined for undertaking management of the Trust and its investments. The REIT Management fees (including GST) for the quarter and half year ended 30 September 2026 amount to Rs. 88.69 millions (quarter ended 30 September 2025 : NA) and 173.25 million (half year ended 30 September 2025 : NA). There are no changes during the period in the methodology for computation of fees paid to Manager. Details of security and asset cover ratio against Non-Convertible Debenture (NCD) Particulars Security Terms Assets cover ratio As at 30 September 2026 As at 31 March 2026 As at 30 September 2025 (Unaudited) (Audited) (Unaudited) 16,021.60 NA (Refer Note (iv)) NA (Refer Note (iii)) 10,045.01 16,021.60 NA (Refer Note (iv) 6,004.84 10,045.01 16,021.60 2.04 1.77 (As at 31 March 2026: 2.78,,As at 30 September 2025: NA) (Refer Note iii) (As at 31 March 2026: 1.97, As at 30 September 2025 : 1.80) NCD- Series II NCD- Series I The NCD is secured against a) First ranking pari passu mortgage over the undivided 21.73% share of the Devbhumi Realtors Private Limited in the Land (i.e. 6.52 acres) with respect to Block E-2, situated at Survey No. 83/1 in Phase I of Cyberabad Knowledge City, Raidurg Panmaktha Village, Serilingampally Mandal, Ranga Reddy District. b) First ranking pari passu hypothecation over the escrow account into which all cashflows of the mortgaged property will be deposited and hypothecation over all such cashflows, bath present and future; and c) Corporate guarantee from Devbhumi Realtors Private Limited, capped to the aggregate outstanding debt. The NCD is secured against a) First ranking pari passu mortgage over the undivided 18.50% share of Devbhumi Realtors Private Limited in the land (i.e. 5.55 acres) with respect to Block D, situated at Survey No. 83/1 in Phase I of Cyberabad Knowledge City, Raidurg Panmaktha Village, Serilingampally Mandal, Ranga Reddy District. b) First ranking pari passu hypothecation over the escrow account into which all cashflows from mortgaged property will be deposited and hypothecation over all such cashflows, both present and future. c) Corporate guarantee fron Devbhumi Realtors Private Limited, capped to the aggregrate outstanding debt. NCD- Series Ill The NCD is secured against a) First ranking pari passu mortgage over the undivided 18.50% share of Devbhumi Realtors Private Limited in the land (i.e. 5.55 acres) with respect to Block D, situated at Survey No. 83/1 in Phase I of Cyberabad Knowledge City, Raidurg Panmaktha Village, Serilingampally 1.77 Mandat, Ranga Reddy District. (As at 31 March 2026: b) First ranking part passu hypothecation over the escrow account into which all cashftouwe NA, As at 30 September from mortgaged property will be deposited and hypothecation over all such cashflows, both 2025 ; NA) present and future. (Refer Note iv) c) Corporate guarantee from Devbhumi Realtors Private Limited, capped to the aggregrate outstanding debt. "including premium received and exculding IND AS impact Notes (i) Asset Cover ratio is based on market value of the assets (ii)The NCD is listed on the Bombay Stock Exchange (iii) The details of security against NCO Series - II and asset cover ratio for the comparative period as at 30 September 2025 is not disclosed since the NCO was first issued as on 9th February 2026 and accordingly not applicable. (iv) The details of security against NCO Series - Ill and asset cover ratio for the comparative period as at 30 September 2025 and as at 31 March 2026 is not disclosed since the NCD was first issued as on 19th June 2026 and accordingly not applicable.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Standalone Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 6 Disclosure required as per Paragraph 4.18.2 of SEBl master circular no. SEB/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 and Chapter XVII, Part Ill of SEBI master circular no. SEBI/HO/DDHS/DDHS PoD/P/CIR/2025/0000000137 dated 15 October 2025 r/w Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 SI No Ratios For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (a) debt-equity ratio 0.12 0.11 0.07 0.12 0.07 0.09 (b) debt service coverage ratio 6.19 6.85 513.90 6.50 513.48 19.66 (c) interest service coverage ratio 6.19 6.85 513.90 6.50 513.48 19.66 (d) outstanding redeemable preference shares Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (e) capital redemption reserve I debenture redemption reserve Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable ( ) net worth (Rs. in million) 4,47,062.82 4,49,648.17 4,53,124.48 4,47,062.82 4,53,124.48 4,52,020.77 (g) net profit / (loss) after tax (Rs. in million) 4,930.98 4,763.31 11,160.66 9,694.29 11,151.55 23,906 .30 (h) earnings per unit (basic / diluted) 1.11 1.07 8.70 2.18 8.70 8.38 (i) current ratio 0.99 1.10 2.66 0.99 2.66 16.29 ( ) long term debt to working capital (1,571.84) 90.66 11.31 (1,571.84) 11.31 8.61 (k) bad debt tu acount veteivable tatiu Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (1) current liability ratio 0.10 0.10 0.05 0.10 0.05 0.01 (m) total debts to total assets 0.11 0.10 0.06 0.11 0.06 0.08 (n) debtors' turnover Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (o) operating margin percent Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (p) net profit margin percent 82.25% 83.72% 98.00% 82. 97¥ 98.00% 93.35 (q) asset cover ratio 11.64 11.41 18.49 11.64 18.49 14.15 (r) inventory turnover Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (s) net operating income (Rs. in million) Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable ( t disuibuliun pet unit 1.72 1.70 1.56 3.42 1.56 4.74 (u) asset cover for NCDs (at book value) 1.53 1.50 1.70 1.53 1.70 1.84 The following definitions have been considered for the purpose of computation of ratios and other information (a) Debt equity ratio = Total borrowings' I Unitholders Equity (b) Debt service coverage ratio = Earnings before finance costs, depreciation, amortisation and tax / Finance cost (net of capitalisation and excluding interest on lease deposit and interest on lease liability) + Scheduled principal repayments made during the period to the extent not refinanced (c) Interest service coverage ratio = Earnings before finance costs, depreciation, amortisation and tax / Finance cost (net of capitalisation and excluding interest on lease deposit and interest on lease liability) (d) Net worth = Unitholder's Equity (e) Current ratio = Current assets / Current liabilities (f) Long term debt to working capital ratio = Long term debt'/ working capital" (g) Current liability ratio = Current liabilities / Total liabilities (h) Total debt to total assets = Total debt / Total assets (i) Debtors' turnover = Revenue from operations / Average trade receivable (j) Bad debts to account receivable ratio = Bad debts (including provision for doubtful debts) / Average trade receivable (k) Operating margin = Net operating income (excluding Ind AS adjustments) / Revenue from operations (l) Net profit margin = Profit after exceptional Items and tax / Total income (m) Asset cover ratio = Fair value of Gross Assets / Total borrowings' (excluding processing fees) Notes: Total borrowings = Non-current borrowings + Current borrowings + Accrued interest 2 Unitholder's equity = Unit Capital + Other equity + Corpus Long term debt = Non-current borrowings (excluding current maturities of non-current debt and lease liabilities) 4 Working capital = Current asset - Current liabilities 5 Total debt - Non current borrowings (including current maturities of long term borrowings and excluding processing fees) + Current borrowings and interest accrued
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Standalone Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 4 KNOWLEDGE REALTY TRUST 7 During the year ended 31 March 2026, the Trust had acquired 100% equity shares of 28 Asset SPVs and 4 Investment Entities for a consideration of Rs. 395,439.95 million in exchange of its 3,954.40 million units of Rs.100 each. 8 Details of utilisation of IPO proceeds: On 18 August 2025, the units of the Trust were listed on Bombay Stock Exchange (BSE) and National Stock Exchange ('NSE'). As part of IPO, the Trust had issued 480.00 million units for cash, at a price of Rs. 100.00 per unit aggregating to Rs. 48,000.00 million. Objects of the issue as per the prospectus Proposed utilisation Actual utilisation upto 30 September 2026 Unutilised amount as at 30 September 2026 30.00 (30.00) 6,004.84 (5,974.84) 1,600.00 1,592.54 7.46 48,000.00 47,992.54 7.46 Series I Series II Series Ill Refer Note (i) Refer Note (ii) Refer Note (iii) 16,021.60 10,045.01 (16,021.60) (10,045.01) 46,400.00 46,400.00 Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and the Investment Entities Expense related to IPO Total 9 Details of utilisation of proceeds of Non Convertible Debentures ('NCDs') are as follows: Particulars Objects of the issue as per the Debenture Trust Deed NCDs raised during the year ended 31 March 2026 (including premium received) Actual utilisation during the year ended 31 March 2026 Unutilised amount as at 31 March 2026 NCDs raised during the quarter ended 30 June 2026 (including premium received) Actual utilisation during the quarter ended 30 June 2026 Unutilised amount as at 30 June 2026 NCDs raised during the quarter ended 30 September 2026 (including premium received) Actual utilisation during the quarter ended 30 September 2026 Unutilised amount as at 30 September 2026 Notes (i) (a) extending monies to one or more SPVs including by way of Shareholder Debt and / or equity infusions and / or subscribing to any other securities issued by any such SPV, utilised by SPV for repayment of its existing financial indebtedness, refurbishment expenses and / or working capital requirements, other general corporate purposes including, without limitation, payment of fees and expenses in connection with the Issue; (b)acquisition of any assets and/or investments (including acquisition of or investment in any SPV (including any investment entity) by way of providing loans and/or subscribing to the shares and/or any other securities issued by that SPV (including any investment entity) and/or refinancing of any present or future indebtedness acquired, refurbishment expenses and/ or working capital requirements of assets acquired pursuant thereto; and (c) other general corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. (ii) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and/or equity infusions and/or subscribing to any other securities issued by any such SPV (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPV (including any investment entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any investment entity); and (b) other general corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. (iii) (a) extending monies to one or more Special Purpose Vehicles ("SPVs") (including any Investment Entity) including by way of Shareholder Debt and/or equity infusions and/or subscribing to any other securities issued by any such SPV (including any Investment Entity) where the proceeds of such moneys are utilized by the relevant SPV (including any Investment Entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses, towards capital expenditure and/or working capital requirements of the relevant SPVs (including any Investment Entity); and (b) other general corporate purposes including, without limitation, payment of fees and expenses in connection with the Issue. 10 Details of utilisation of proceeds of Commercial Papers ('CPs') are as follows: Particulars CP - Issue I CP - Issue II Objects of the issue as per the Key Information Document CPs raised during the quarter ended 30 June 2026 Actual utilisation during the quarter ended 30 June 2026 Unutilised amount as at 30 June 2026 CPs raised during the quarter ended 30 September 2026 Actual utilisation during the quarter ended 30 September 2026 Unutilised amount as at 30 September 2026 Refer Note below(i) 4,915.44 (4,915.44) Refer Note below(ii) 4,917.02 (4,917.02) Notes: (i) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and/or equity infusions and/or subscribing to any other securities issued by any such SPV (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPV (including any investment entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any investment entity); and (b) other general corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. (ii) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and/or equity infusions and/or subscribing to any other securities issued by any such SPV (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPV (including any investment entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any stag y " r:,...-(��� any assets and/or investments (including but not limited to acquisition of or investment in any SPV (including any Investment [ [ f and/or subs~r#ping to the shares and/or any other securities issued by that SPV (including any Investment Entity) and/or capital expenditure, el } any present ji 'igtjfptyge indebtedness acquired, refurbishment expenses and/ or working capital requirements of assets acquired pursuant thereto. '@/ \ (c) other g\j'1�'�f.corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. � � . 8 . J S i j c , > . . ' s e , L . .-: _
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Standalone Financial Results (All amounts are in fndlan Rupees milllont, unless otherwise stated) ( KNOWLEDGE • ~Airy rRusr 1f The above standalone financdal results of Knowledge Realty Trust have been prepared in accordance with requirements of SEBI (Real Estate Investment Trusts) Regulation, 2014, as amended from time to tire indudrg any guidelines and circulars Issued thereunder read with SE8I Mater CIrClar SEBI/HO/DOHS-P00-2/P/CIR/2025/99 (as amended) far real estate lrvescent trusts dated 11 Juty 2025 and other circulars issued thereunder, Indian Accounting Standards (nd AS) 34 1nterim Financial reporting as prescribed in Rule 2()(a) of the Companies (lindlan Accountdng Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India, to the extent not inconsistent with the REIT Regulations. 12 Under the provisions of the REIT Regulations, the Trust ls required to distribute to Unftholders not less than 90% of the net distributable cash flows of the Trust in each financlal year. Accordingly, a portion of the unit Capital contains a contractual obligation of the Trust to pay ta its Unitholders. Hence, the unit Capital is a compound financial Instrument which contain both equity and (iabtlfty components in accordance with Ind AS 32-Financial Instruments: Presentation. iowever, in accordance with REIT Regulations, the unit capital has been cdasstfied as equity. Consistent with Unit Capital being classified as equi ty, the distributions to Unitholders is presented in Other Equity and not as finance cost. In line wtth the above, the distribution payable to unit holders is recognised as liability when the same is approved by the Manager. 13 The standalone finandal results of the Trust were reviewed by the Audit Cormmnitttee and approved by the Board of Directors at their respective meeting held on 3 November 2026. 14 The Trust has only one operating segmnent. Hence, disclosure under Ind AS 108, 0perating Segments' are not applicable. 15 There were no significant adjusting events that occurred subsequent to the reporting period. 16 The Trust was incorporated on 10 October 2024 and had acqulred SPVs during the quarter ended 30 September 2025, hence the figures for the quarter and half year ended 30 September 2025 are not comparable and figures for year ended 31 March 2026 do not represent the full period figures . 17 The figures of previous year / periods have been reclassified / regrouped for better presentation In the standalone financial results and to conform to the current period's dasslf\cations/disdasures. This does not have any impact on the profits / (loss) or besic and diluted earnings per unit af previous periods / year. 2 3 Clet Financial Officer Pace : Mumbai Date: 03 November 2026 Cief Executive Officer Place: Mamba Datr: 03 Navemnber 2026 Bijay Kumar Agarwal Chairman and Non-Executtve Director DIN: 00088987 For and on behalf of the Board of Directors of Knowledge Realty Office Management Services Private Limited (as a Manager to Knowledge Realty Trust)
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SR BC&COLLP Chartered Accountants 12th Floor. The Ruty 29 Senapati Bapat Marg Dadar (West) Mumba1 - 400 028. ncia Tel: +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Half-Yearly Consolidated Unaudited Financial Results of Knowledge Realty Trust Pursuant to Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended, including any guidelines and circulars issued thereunder To The Board of Directors of Knowledge Realty Office Management Services Private Limited (acting in its capacity as the Manager of the Knowledge Realty Trust) One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 4OO051, Maharashtra, India. 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Knowledge Realty Trust (the "Trust") and its subsidiaries (the Trust and its subsidiaries together referred to as "the Group") for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by Knowledge Realty Off ice Management Services Private Limited (the "Manager") pursuant to the requirement of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended including any guidelines and circulars issued thereunder, (together referred as the "REIT 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"), specified under Companies (Indian Accounting Standards) Rules, 2015, as amended, to the extent not contrary to the REIT Regulalions and other accounting princlples generally accepted in India. The Statement has been approved by Lhe Board of Directors of the Manager. 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. 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 persons 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 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. We have also performed procedures as required by regulation 135) of the RHEIT Regulations, as amended, to the extent applicable. 5RB4COLLP, Irita Lablry artncrsnip with LL/identity No. AA 4310 Hegd. rc: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Limited review report on the Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026 Page 2 of 5 The Statement includes the results of the entities mentioned in Annexure 1 to this report. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards to the extent not contrary to the REIT Regulations and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the REIT Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 13 to the Statement, which describes the presentation/classification of "Unit Capital" as "Equity" in order to comply with the mandatory requirements of the relevant REIT Regulations, instead of the applicable requirements of Ind AS 32 - Financial Instruments: Presentation. Our conclusion is not modified in respect of this matter. 6. We did not review the unaudited financial results of 10 subsidiaries included in the Statement, whose unaudited financial results reflect total assets of Rs. 19,761.31 million as at September 30, 2026, total revenues of Rs. 1,825.54 million and Rs. 3,652.39 million, total net profit after tax of Rs. 884. 77 million and Rs. 1,670.10 million, and total comprehensive income of Rs. 884,77 million and Rs. 1,670.10 million, for the quarter ended September 30, 2026 and the half year ended on that date respectively, and net cash outflow of Rs. 446.35 million for the period from April 1, 2026 to September 30, 2026, as considered in the Statement which has been reviewed by their independent auditor. These independent auditor's review reports on unaudited financial results of these entities have been furnished to us by the management and our concluslon on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditor and procedures performed by us as stated above.
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Limited review report on the Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026 Page 3 of 5 Our conclusion on the Statement in respect of this matter is not modified with respect to our reliance on the work done and reports of the other auditor. For SR BC & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 er Membership No.: 20956 7 UDIN: 26209567NTGZLD5094 Bengaluru November 03, 2026
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Limited review report on the Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026 Page 4 of 5 Annexure 1 - To Review Report List of subsidiaries included in the Consolidated Unaudited Financial Results SI. No. Name of the Entity 1. One International Centre Private Limited 2. One World Centre Private Limited 3. Pluto Solista Business Parks Private Limited 4. BSP Office Management Services Private Limited 5. One BKC Realtors Private Limited 6. One BKC Solar Energy Private Limited 7. Prima Bay Private Limited 8. Prima Bay Solar Energy Private Limited 9. Cessna Garden Developers Private Limited 10. Exora Business Park Private Limited 11. Pluto Business Parks Private Limited 12. One Qube Realtors Private Limited 13. Kosmo One Business Park Private Limited 14. Pluto Atriza Business Parks Private Limited 15. Debonair Realtors Private Limited 16. Harkeshwar Realtors Private Limited 17. Salarpuria Developers Private Limited 18. Darshita Edifice Private Limited 19. Shirasa Regency Park Private Limited 20. Sattva Knowledge Centre Private Limited (formerly known as Jaganmayi Realtors Private Limited) 21. Jaganmayi Real Estates Private Limited 22. Ouadro Info Technologies Private limited 23. Darshita Hi-Rise Private Limited 24. Darshita Housing Private Limited 25. Sattva Properties Management Private Limited 26. Darshita Infrastructure Private Limited 27. Devbhumi Realtors Private Limited
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Limited review report on the Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026 Page 5 of 5 SI. No. Name of the Entity 28. Worldwide Realcon Private Limited 29. Salarpuria Griha Nirman Private Limited 30. Sattva Infra Management Private Limited 31. GV Techparks Private Limited 32. Softzone Tech Park Limited 33. Sattva Horizon Private Limited (formerly known as Siddeshwari Griha Nirman Private Limited) 34. NABS Data Zone Private Limited 35. Devbhumi Elixir Realty Private Limited 36. Devbhumi Novamagma Projects Private Limited 37. Devbhumi Opal Realty Ventures Private Limited 38. Devbhumi Orwell Realty Private Limited 39. One Unity Center Private Limited
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Particulars Income Revenue from operations Interest income Other income (refer note 2) Total income Expenses Cost of material consumed Operating and maintenance expenses (refer note 3) Employee benefits expense Other expenses (refer note 4) Total expenses Earnings before finance costs, depreciation, amortisation and tax (EBITDA) Finance costs Depreciation and amortisation expenses Profit before tax Tax expense: Current tax Tax adjustments relating to earlier year (refer note 11) Deferred tax (credit) / charge (refer note 11) Total tax expenses Profit for the period / year Other comprehensive income Items that will not be reclassified subsequently to profit or loss Re-measurement (loss) / gain on defined benefits obligations Income tax relating to above item Total other comprehensive income/ (loss) for the period/ year 4 KNOWLEDGE REALT Y TRUST For the .quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 12,725.42 12,430.56 6,713 .73 25,155.98 6,713.73 30,466.28 41.54 86.28 169.67 127.82 169.67 311 .84 113.31 164.65 135.89 277.96 135.89 439.82 12,880.27 12,681.49 7,019 .29 25,561.76 7,019.29 31,217.94 25.44 44.80 5.58 70.24 5.58 46.45 991 .18 958. 72 523.38 1,949.90 523.38 2,710 .98 1.90 0.25 27.18 2.15 27.1 8 47.21 1,018.96 956.99 750.36 1,975.95 759.47 3,087.51 2,037.48 1,960.76 1,306.50 3,998.24 1,315.61 5,892.1 5 10,842.79 10,720.73 5,712.79 21,563.52 5,703.68 25,325.79 2,441.97 2,390.08 1,977.49 4,832.05 1,977.49 6,819.52 4,121.88 4,100.51 2,387.15 8,222.39 2,387.15 10,504.79 4,278.94 4,230.14 1,348.15 8,509.08 1,339.04 8,00 1.48 541.29 1,230.26 695.81 1,771.55 695.81 2,876.87 (311.15) (0.52) (69.24) (311.67) (69.24) 36.32 (1,029.77) 492.44 95.16 (537.33 ) 95.16 1,333 .93 (799.63) 1,7 22.18 721.73 922.55 721.73 4,247.12 5,078.57 2,507.96 626.42 7,586.53 617.31 3,754.36 4.12 4.12 Total comprehensive income/ (loss) for the period/ year Earnings per unit (Not Annualised) (refer note 5) - Basic and Diluted (in Rs.) refer note 17 5,078.57 1.15 2,507.96 0.57 626.42 0.49 7,586.53 1.72 617.31 0.48 3,758.48 1.32
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Consolidated Statement of Assets and Liabilities (All amounts are in Indian Rupees million, unless otherwise stated) Particulars Assets Non-current assets Property, plant and equipment Capital work-in-progress Investment property Investment property under development Other intangible assets Right of use assets Financial assets Other financial assets Deferred tax assets (net) Non-current tax assets (net) Other non-current assets Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Cash and cash equivalents Other bank balances Other financial assets Current tax assets ( net) Other current assets Total current assets Total Assets c KNOWLEDGE REALTY TRUST As at As at As at 30 September 2026 31 March 2026 30 September 2025 Unaudited Audited Unaudited 1,898.80 1,937.11 1,973.33 547.04 382.33 128.45 503,388.04 504,778.00 508,720.88 5,946.08 9,152.07 8,884.08 40,313.76 42,876.04 45,316.33 58.49 40.59 41.37 2,148.30 2,524.44 2,727.29 3,515.68 2,611.71 3,850.09 2,493.27 1,527.33 1,690.12 895.48 300.58 369.31 561,204.94 566,130.20 573,701.25 107.98 120.10 58.81 7,759.60 2,563.61 10,377.25 2,361.52 2,551.69 2,325.36 3,565.32 6,265.53 28,603.05 110.15 268.78 2,901.75 1,399.52 1,664.19 2,132.72 6.89 48.78 2,527.17 2,860.75 3,044.34 17,831.26 16,301.54 49,492.06 579 036.20 582,431.74 623 193.31 Equity and Liabilities Equity Unit Capital Distribution - Repayment of Capital Other equity Total Equity 442,021.28 (6,261.37) (10,952.67) 424,807.24 441,991.22 (2,181.72) (7,936.55) 431,872.95 441,996.49 593.75 442,590.24 Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Other financial liabilities Provisions Deferred tax liabilities (net) Other non-current liabilities Total non current liabilities Current liabilities Financial liabilities Borrowings Lease liabilities Trade payables Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises Other financial liabilities Provisions Current tax liabilities (net) Other current liabilities Total current liabilities Total Liabilities Total Equity and Liabilities 120,745.19 122,883.62 130,738.90 63.79 42.29 40.56 7,470.38 7,543.08 6,420.10 2.58 365.95 778.44 829.84 800.73 129,423.75 131,298.83 138,002.87 5,582.22 702.82 23,078.88 3.30 3.30 85.53 220.93 71.92 1,423.32 867.74 1,241.88 15,755.27 15,308.83 16,200.89 1.18 258.20 357.73 173.31 1,700.67 1,798.61 1,828.84 24,805.21 19,259.96 42,600.20 154,228.96 150,558.79 180,603.07 579,036.20 582,431.74 623,193.31
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Consolidated Statement of Cash flows (All amounts are in Indian Rupees million, unless otherwise stated) 4 KNOWLEDGE REALTY TRUST Particulars For the half year ended 30 September 2026 Unaudited For the half year ended 30 September 2025 Unaudited Cash flow from operating activities Profit / (Loss) before tax Adjustments for: Depreciation and amortization expenses Interest income Finance costs Bad debts / Advances written off Liabilities written back Allowances for expected credit losses Gain on Mutual funds classified at FVTPL Loss I (gain) on sale / discard of PPE and investment property Rental income on discounting of security deposits received Lease equalisation income Expenses related to initial public offering (IPO') charged to statement of profit and loss, funded through IPO proceeds Operating profit before working capital changes Changes in working capital: Inventories Trade receivables Other financial assets (non-curent and current) Other assets (non-curent and current) Trade payables Other financial liabilities (non-curent and current) Other liabilities (non-curent and current) Provisions (non-curent and current) Net cash flow from operating activities before taxes Income taxes paid (net of refunds) Net cash flow generated from operating activities Cash flow from investing activities Purchase of property, plant and equipment, capital work in progress, investment property and investment property under developments Proceeds from sale of property, plant and equipment and investment property Purchase of investments Proceeds from sale of investments (Investment) / redemption of bank deposits (net) Interest received Acquisition of SPV's (net of cash balance acquired) Net cash flow generated from/ (used in) investing activities 8,509.08 1,339.04 8,222.39 2,387.15 (127.82) (169.67) 4,832.05 1,977.49 24.44 1.93 (31.85) (9.65) 18.26 4.80 (193.05) (110.94) (0.38) (424.57) (91.94) (405.86) (78.55) 202.79 20,422.69 5,452.45 12.11 0.10 159.37 803.98 (279.86) 58.88 362.06 (905.26) 420.18 (1,085.97) 298.96 (140.00) 275.23 (1,154.91) 0.02 (52.26) 21,670.76 2,977.01 (2,502.20) (857.24) 19,168.56 2,119.77 (1,597.98) (536.89) 0.57 (15,811. 07) (23,321.39) 10,807.41 26,713.78 869.55 4,297.08 127.75 190.72 24,168.51 (5,604.34) 31,512.38
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Consolidated Statement of Cash flows (All amounts are in Indian Rupees million, unless otherwise stated) [ KNOWLEDGE REA L r rRUs T Particulars For the half year ended 30 September 2026 Unaudited For the half year ended 30 September 2025 Unaudited Cash flow from financing activities Proceeds from issue of units Proceeds from issue of non convertible debentures Proceeds from issue of commercial papers Redemption of commercial papers Proceeds from other non-current borrowings Repayment of other non-current borrowings Proceeds / (repayments) of curent borrowings (net) Payment of lease liabilities Expenses incurred in relation to Trust's IPO and issue of equity shares of SPY (including balance in escrow account for IPO related expenses) Distribution to unitholders Interest paid Net cash flow generated from / (used in) financing activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Cash and cash equivalents comprises of : Particulars Balances with banks: - in current accounts - in overdraft accounts - escrow accounts - in deposits with original maturity of less than 3 months Cheques on hand Investments in overnight mutual funds Cash on hand Total 48,000.00 6,00 1.27 16,010 .67 9,831.66 (4,915.44) 1,345.79 31,461.82 (9,581 .41) (87,790.07) 4.53 (8,598 .37) (3 .31) 2.78 (2,064.30) (14,682 .28) (4,268.02) (2,048 .85) (16 ,264.43) (5,029.10) (2,700.21) 28,603.05 6,265.53 3,565.32 28,603.05 As at As at 30 September 2026 30 September 2025 Unaudited Unaudited 738.24 23,250.32 89.03 211 .37 260.96 4,847.74 95.27 292.56 69.13 2,312.49 0.20 1.06 3,565 .32 28,603 .05 Note: The above consolidated statement of cash flows has been prepared under the 'Indirect Method' as set out in the Indian Accounting Standard (Ind AS) 7 "Statement of Cash Flows".
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Consolidated Statement of Changes in Unitholder's Equity (All amounts are in Indian Rupees million, unless otherwise stated) A Unit Capital Particulars Balance as at 01 April 2025 Add: Units issued during the period - pursuant to the initial public offer, issued, subscribed and fully paid up in cash (refer note 8) - in exchange for equity interest of SPVs Less: Unit issue expenses Balance as at 30 September 2025 Balance as at 01 April 2026 Add: Units issued during the period Add: Unit issue expenses Balance as at 30 September 2026 B Distribution - Repayment of Capital Particulars Balance as at 01 April 2025 Less: Distribution to unitholders Balance as at 30 September 2025 Balance as at 01 April 2026 Less: Distribution to unitholders Balance as at 30 September 2026 C Other Equity - Retained earnings Particulars Balance as at 01 April 2025 Add: Profit for the period Add: Other comprehensive income (net of tax) Less: Distribution to unitholders Balance as at 30 September 2025 Balance as at 01 April 2026 Add: Profit for the period Add: Other comprehensive income (net of tax) Less: Distribution to unitholders Balance as at 30 September 2026 £ KNOWLEDGE REAL1Y rRusT Units Amount 480,000,000 48,000.00 3,954,399,541 395,439.95 (1,443.46) 4,434,399 ,541 441,996.49 4,434,399,541 441,991.22 30.06 4,434,399,541 442,021.28 Amount (2,181.72) (4,079.65 ) (6,261.37) Amount (23.56) 617.31 593.75 (7,936.55) 7,586.53 (10,602.65) (10,952.67)
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Disclosure pursuant to SEBI master circular No. SEB/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (All amounts are in Indian Rupees million, unless otherwise stated) As at 30 September 2026 As at 31 March 2026 As at 30 September 2025 Unaudited Audited Unaudited Book value Fair value Book value Fair value Book value Fair value 579,036.20 714,185.07 582,431.74 697,534.27 623,193.31 702,944.39 154,228.96 153,030.06 150,558.79 149,382.23 180,603.07 179,640.25 424,807.24 561,155.01 431,872.95 548,152.04 442,590.24 523,304.14 4,434,399,541 4,434,399,541 4,434,399,541 4,434,399,541 4,434,399,541 4,434,399,541 95.80 126.55 97.39 123.61 99.81 118.01 (D) Number of Units NAV per unit (C) / (D) Notes: (i) Measurement of fair values: The fair value of Specified assets have been determined by an independent external property valuer, having appropriately recognized professional qualifications and recent experience in the location and category of the property being valued. Further, fair value of liabilities considered for computing the NAV equals the book value of such liabilities, except in case where the outflow arising out of the liabilities have already been considered by the valuer while computing the fair value of assets. (ii) Valuation technique: The valuer has followed a Discounted Cash Flow method. The valuation model considers the present value of net cash flows to be generated from the respective properties, taking into account existing lease arrangements, expected rental growth rate, vacancy period, occupancy rate and lease incentive costs. The expected net cash flows are discounted using the risk adjusted discount rates. Among other factors, the discount rate estimation considers the quality of a building and its location (prime vs secondary), tenant credit quality and lease terms. (A) Total Assets (B) Total Liabilities (C) Net Assets (A-B) A Statement of Net Assets at Fair value (NAV) Particulars (iii} Project wise break up of Fair value of Assets as at 30 September 2026 is as under (Unaudited): Name of the Entity Property Name Fair value of Specified assets Other assets at book value Total assets One International Center Private Limited One World Center Private Limited Pluto Solista Business Parks Private Limited BSP Office Management Services Private Limited One BKC Realtors Private Limited Prima Bay Private Limited Cessna Garden Developers Private Limited Exora Business Park Private Limited Pluto Business Parks Private Limited One Qube Realtors Private Limited Kosmo One Business Park Private Limited Pluto Atriza Business Parks Private Limited One BKC Solar Energy Private Limited Prima Bay Solar Energy Private Limited Debonair Realtors Private Limited Harkeshwar Realtors Private Limited Salarpuria Developers Private Limited Darshita Edifice Private Lmmrted Shirasa Regency Park Private Limited Satlva Knowledge Cente Privale Limited Jaganmayi Real Estates Private Limited Quadro Info Technologies Private Limited Darshita Hi-Rise Private Limited Darshita Housing Private Limited Sattva Properties Management Private Limited Darshita Infrastructure Private Limited Devbhumi Realtors Private Limited Worldwide Realcon Private limited Salarpuria Griha Nirman Private Limited Sattva Infra Management Private Limited GV Tech Parks Private Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Sattva Horizon Private Limited NABS Datazone Private Limited Devbhumi Elixir Realty Private Limited Devbhumi Orwell Realty Private Limited Devbhumi Novamagma Projects Private Limited Devbhumi Opal Realty Ventures Private Limited One Unity Center Private Limited Knowledge Realty Trust Total One International Center and One Unity Center One World Center CAM Bengaluru - II CAM Mumbai One BKC Prima Bay Cessna Business Park Exora Business Park One Trade Tower One Qube Kosmo One Fintech One One BKC Solar Prima Bay Solar Sattva Eminence Sattva Cosmo Lavelle Sattva Premia Sattva Magnificia - I Karnataka Solar - I Sattva Knowledge Capital Sattva South Avenue Sattva Infozone Sattva Knowledge Court Sattva Endeavour CAM Bengaluru- I Sattva Knowledge Capital Sattva Knowledge City Sattva Knowledge Park Sattva Techpoint CAM Hyderabad Sattva Global City Sattva Softzone Sattva Magnificia - II Sattva Touchstone Sattva Supreme Sattva Spectrum Sattva Horizon Karnataka Solar - II NA NA NA" NA" NA" NA 89,836.40 63,344.67 4,460.70 3,591.69 47,756.94 19,443.61 48,005.55 35,180.45 5,495.28 10,118 .72 15,806.13 4,176 .14 340.58 314.63 2,123.49 2,886.28 1,286.50 1,262.40 2,318.79 6,65/.1 4,075.15 3,792.53 11,484.03 6,534.94 6,618.00 21,540.45 118,783.45 54,399.29 7,295.47 10,350.50 44,877.88 16,909.97 1,757.38 3,695.48 718.44 4,340.29 5,916 .13 1,135 .68 688,631.20 1,687.80 2,809.80 152.50 256.12 1,744.49 1,391.61 1,073.35 1,058.61 311.53 491.15 1,094.57 284.42 37.37 26.39 57.18 26.45 47.77 48.17 431.69 138.85 288.14 124.59 480.80 81.97 377.89 093.30 2,041.25 2,599.09 143.21 1,097.31 1,614.04 876.91 204.31 8.24 6.75 3.88 3.03 7.68 1,531.58 25,553.87 91,524.20 66,154.47 4,613.20 3,847.81 49,501.43 20,835.22 49,078.90 36,239.06 5,806.81 10,609.87 16,900.70 4,460.56 377.95 341.02 2,180.67 2,912.73 1,334.27 1,310 .57 2,750.48 6,796.04 4,363.29 3,917.12 11,964.83 6,616.91 6,995.89 22,433.83 120,824.70 56,998.38 7,438.68 11,447.81 46,491.92 17,786.88 1,757.38 3,695.48 718.44 4,340.29 6,120.44 1,143.92 6.75 3.88 3.03 7.68 1,531.58 714,185.07
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Disclosure pursuant to SEBI master circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (All amounts are in Indian Rupees million, unless otherwise stated) A Statement of Net Assets at Fair value (NAN) (Contd.) Project wise break up of Fair value of Assets as at 31 March 2026 is as under (Audited): One international Center Private Limited One World Center Private limited Pluto Solista Business Parks Private Limited BSP Office Management Services Private Limited One BKC Realtors Private Limited Prima Bay Private limited Cessna Garden Developers Private Limited Exora Business Park Private Limited Pluto Business Parks Private Limited One Qube Realtors Private limited Kosmo One Business Park Private Limited Pluto Atriza Business Parks Private Limited One BKC Solar Energy Private Limited Prima Bay Solar Energy Private Limited Debonair Realtors Private Limited Harkeshwar Realtors Private Limited Salarpuria Developers Private Limited Darshita Edifice Private Limited Shirasa Regency Park Private Limited Sattva Knowledge Centre Private Limited Jaganmayi Real states Private Limited Quadro Info Technologies Private Limited Darshita Hi-Rise Private Limited Darshita Housing Private Limited Sattva Properties Management Pnvate Limited Darshita Infrastructure Private Limited Devbhumi Realtors Private Limited Worldwide Realcon Private Limited Salarpuria Gniha Nirman Private Limited Sattva Infra Management Private Limited GV Tech Parks Private Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Satlva Horizon Private Limited NABS Datazone Private Limited Devbhumi Elixir Realty Private limited Devbhumi Orwell Realty Private Limited Devbhumi Novamagma Projects Private Limited Devbhumi Opal Realty Ventures Private Limited One Unity Center Private Limited Knowledge Realty Trust Total One International Center and One Unity Center One World Center CAM Bengaluru - II CAM Mumbai One BKC Prima Bay Cessna Business Park Exora Business Park One Trade Tower One Qube KosmoOne Fintech One One BKC Solar Prima Bay Solar Sattva Eminence Sattva Cosmo Lavelle Sattva Premia Sattva Magnificia- I Karnataka Solar - I Sattva Knowledge Capital Sattva South Avenue Sattva Infozone Sattva Knowledge Court Sattva Endeavour CAM Bengaluru- I Sattva Knowledge Capital Sattva Knowledge City Sattva Knowledge Park Sattva Techpoint CAM Hyderabad Sattva Global City Sattva Softzone Sattva Magnificia - l Sattva Touchstone Sattva Supreme Sattva Spectrum Sattva Horizon Karnataka Solar - IL NA" NA NA NA NA" NA Fair value of Other assets at book Total assets Specified assets value" 87,127.89 1,523.22 88,651.11 61,786.19 1,962.12 63,748.31 4,733.60 164.29 4,897.89 4,173.00 318.10 4,491.10 46,278.67 1,227.45 47,506.12 18,486.29 671.42 19,157.71 46,786.35 (205.39) 46,580.96 33,884.42 1,074.37 34,958.79 5,248.09 214.36 5,462.45 9,821.05 557.04 10,378.09 15,274.64 710.02 15,984.66 4,224.57 83.84 4,308.41 315.87 32.37 348.24 276.34 25.81 302.15 2,090.21 25.42 2,115.63 2,845.10 177.68 3,022.78 1,247.40 8.69 1,256.09 1,241.47 41.24 1,282.71 2,282.23 291.54 2,573.77 6,431.57 301.20 6,732.77 3,599.87 209.93 3,809.80 3,760.82 79.40 3,840.22 11,182.14 268.50 11,450.64 5,825.53 60.59 5,886.12 7,042.70 469.68 7,512.38 20,833.77 1,535.57 22,369.34 11/,332.78 4,473.16 121,805.94 52,513.24 4,368.31 56,881.55 7,185.80 113.56 7,299.36 11,988.30 906.89 12,895.19 44,147.73 1,059.04 45,206.77 17,152.68 (11.19) 17,141.49 1,768.14 1,768.14 3,605.78 3,605.78 724.91 724.91 4,283.09 4,283.09 5,515.48 262.48 5,777.96 1,093.17 61.58 1,154.75 1.77 1.77 1.56 1.56 3.40 3.40 3.78 3.78 0.89 0.89 349.70 349.70 674,110.88 23 ,423 .39 697.534.27 Name of the Entity Property Name
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Disclosure pursuant to SEBI master circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (All amounts are in Indian Rupees million, unless otherwise stated) Project wise break up of Fair value of Assets as at 30 September 2025 is as under (Unaudited): Name of the Entity Property Name Fair value of Specified assets Other assets at book value" Total assets One International Center Private Limited One World Center Private Limited Pluto Solista Business Parks Private Limited BSP Office Management Services Private Limited One BKC Realtors Private Limited Prima Bay Private Limited Cessna Garden Developers Private Limited Exora Business Park Private Limited Pluto Business Parks Private Limited One Qube Realtors Private Limited Kosmo One Business Park Private Limited Pluto Atriza Business Parks Private Limited One BKC Solar Energy Private Limited Prima Bay Solar Energy Private Limited Debonair Realtors Private Limited Harkeshwar Realtors Private Limited Salarpuria Developers Private Limited Darshita Edifice Private Limited Shirasa Regency Park Private Limited Sattva Knowledge Centre Private Limited Jaganmayi Real Estates Private Limited Quadro Info Technologies Private Limited Darshita Hi-Rise Private Limited Darshita Housing Private Limited Sattva Properties Management Private Limited Dar shita Infrastructure Private limited Devbhumi Realtors Private Limited Worldwide Realcon Private limited Salarpuria Griha Nirman Private Limited Sattva Infra Management Private Limited GV Tech Parks Private Limited Softzone Tech Park Limited Softzone Tech Park limited Softzone Tech Park Limited Softzone Tech Park limited Softzone Tech Park Limited Sattva Horizon Private Limited NABS Datazone Private Limited Knowledge Realty Trust Total One International Center and One Unity Center One World Center CAM Bengaluru - II CAM Mumbai One BKC Prima Bay Cessna Business Park Exora Business Park One Trade Tower One Qube Kosmo One Fintech One One BKC Solar Prima Bay Solar Sattva Eminence Sattva Cosmo Lavelle Sattva Preria Sattva Magnificia - I Karnataka Solar - I Sattva Knowledge Capital Sattva South Avenue Sattva lnfozone Sattva Knowledge Court Sattva Endeavour CAM Bengaluru- I Sattva Knowledge Capital Sattva Knowledge City Sattva Knowledge Park Sattva Techpoint CAM Hyderabad Sattva Global City Sattva Softzone Sattva Magnificia - II Sattva Touchstone Sattva Supreme Sattva Spectrum Sattva Horizon Karnataka Solar - II NA 80,595.47 55,944.44 4,664.00 3,826.00 45,893.35 18,428.43 46,082.99 33,827.44 4,812.35 9,649.56 14,510.73 4,172.12 303.23 262.62 2,203.57 2,599.45 1,207.33 1,231.67 2,344.69 6,144.21 3,422.56 3,768.71 10,877.33 5,624.10 6,311.00 20,047.02 110,814.32 49,833.07 7,109.95 12,404.90 43,423.30 16,985.37 1,759.69 3,604.82 724.16 4,164.30 5,155.90 773.75 645,507.87 3,171.58 2,551.60 360.54 322.61 2,459.53 2,508.89 925.16 14,291.69 233.53 497.79 933.73 195.39 22.89 53.06 38.07 37.79 343.46 172.08 130.93 99.25 434.71 246.22 402.71 740.93 8,473.19 2,330.54 182.75 1,162.24 10,769.34 1,523.68 161.49 110.53 1,548.62 57,436.52 83,767.05 58,496.04 5,024.54 4,148.61 48,352.88 20,937.32 47,008.15 48,119.13 5,045.88 10,147 .35 15,444.46 4,367.51 303.23 262.62 2,226.46 2,652.51 1,245.40 1,269.46 2,688.15 6,316.29 3,553.49 3,867.96 11,312.04 5,870.32 6,713.71 20,787.95 119,287 .51 52,163.61 7,292.70 13,567.14 54,192.64 18,509.05 1,759.69 3,604.82 724.16 4,164.30 5,317.39 884.28 1,548.62 702,944.39 Specified assets' comprises of investment property, investment property under development, property, plant and equipment, capital work in progress, capital advances, finance lease receivables and lease equalisation reserve. The fair value of the Specified assets are solely based on the fair valuation report of the independent valuer appointed under the REIT Regulations. other assets primarily includes investments, loans, tax assets, trade receivables, inventories and cash and bank balances. The fair value of such assets approximates their carrying value, given the nature and short term maturity profile of such assets. wholly owned subsidiaries of Devbhumi Realtors Private Limited. • wholly owned <uhsidiary of One International Center Private Limited. B Statement of Total Returns at Fair Value Particular Total comprehensive income/ (loss) - (A) Add : Changes in fair value not recognised (refer Note below) - (B) Total Return (A+B) For the half year ended 30 September 2026 Unaudited 7,586.53 21,546.77 29,133 .30 For the year ended 31 March 2026 Audited 3,758.48 45,070.01 48,828.49 For the half year ended 30 September 2025 Unaudited 617.31 8,558.53 9,1 75.84 Note: In the above statement, changes in fair value have been computed based on the difference in fair values of Specified assets from the date of acquisition / 1 April to 30 September adjusted for changes in book values of specified assets for such periods. The fair values of the specified assets are solely based on the valuation report of the independent valuer appointed under the REIT Regulations as at respective valuation dates.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBl master circular no. SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) (All amounts are in Indian Rupees millions, unless otherwise stated) Trust level NDCF For the quarter ended For the quarter ended For the quarter ended For the half year ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025° 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (100.44) (101.74) (1.62) (202.18) (1.62) (195.65) 8,678.49 8,429.78 1,711.90 17,108.27 1,711.90 17,261 .87 12.62 6.12 0.23 18.74 0.23 23.73 Particulars Cashflows from operating activities of the Trust (+) Cash flows received from SPVs / Investment entitles which represent distributions of NDCF computed as per relevant framework (+) Treasury Income I income from investing activities of the Trust (interest income received from FD, any investment entities as defined in Regulation 18(5), tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs/Holdcos or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently 1,688.75 15,808.41 (-) Finance cost on Borrowings as per Profit and Loss Account. However, amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment at Trust level (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt in any form or funds raised through issuance of units) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with financial institution, or (ii) terms and conditions, covenants or any other stipulations applicable to deb, securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the Trust operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the REIT, to the extent not funded by debt / equity or from contractual reserves created in the earlier years NDCF at Trust Level Add: Distribution from surplus cash reserves (excluding cash surplus utilised to grant CD to SPVs) NDCF at Trust level (including distribution from surplus cash reserves) (950.13) 7,640.54 7,640.54 (814,31) 7,519.85 7,519.85 (21.76) 1,688.75 5,211.31 6,900. 06 (1,764.44) 15,160 .39 15,160 .39 (21.76) 5,21 1.31 6,900.06 (1,281.54) 5,211.31 21,019.72 "NDCF for the quarter and half year ended 30 September 2025 and the year ended 31 March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full period / year NDCF. Notes: The Board of Directors of the Manager to the Trust, In its meeting held on 03 November 2026, have declared distribut on tc unitholders of Rs. 1.723 per unit which aggregates to Rs. 7,640.47 million. of dividend, Rs. 0.318 per unit in the form of interest, Rs. 0.484 per unit in the form of repayment of debt and Rs. 0.002 per unit in the form of other income. The "Tt 23per unit comprises Rs. 0.919 per unit in the form
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 September 2026 SPV wise NDCF ( KNOWLEDGE RE ALT Y TRUST Particulars OICPL OWCPL PSBPPL BOMSPL OBRPL OBSEPL PBPL PBSEPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income/ income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs , Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accorcance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrcwings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt/ equity or from reserves created in the earlier years NDCF for HoldCo/ SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 14.81 1,467.76 1,467.76 10.83 (305.54) 581.63 581.63 5.55 0.29 5.84 5.84 7.22 0.24 7.46 7.46 754.15 2.21 (262.06) 494.30 494.30 12.36 0.01 12.37 12.3 7 368.56 0.97 (144.53) 225.00 225.00 11.11 0.04 11 .15 11.15 1,452.95 876.34
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are In Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no, SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 September 2026 SPY wise NDCF Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income I income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPYs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPYs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principat repayments as per scheduled EMl's except if refinanced throug new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution from whom the Trust or any of its SPYs/ HoldCos have availed debt, or (ii) terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVsl HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPY/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPYs (including distribution from surplus cash reserves) CGDPL 672.01 11.82 683.83 683.83 EBPPL 394.83 3.94 (189.81) 208.96 208.96 PBPPL 57.74 2.98 60.72 60.72 OQRPL 129.97 4.67 134.64 134.64 KOBPL 295.95 2.39 (99.53) 198.81 198.81 PABPPL 77.45 2.43 79.88 79.88 DBRPL 38.81 0.66 0.54 40.01 40.01 HKRPL 0.25 0.88 0.94 2.07 2.07
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 September 2026 SPV wise NDCF 4 KNOWLEDGE PE A LT Y TR US T Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt I loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust o any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV / HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; ( ·) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo I SPVs (including distribution from surplus cash reserves) SDPL 21.88 0.66 0.16 22.70 22.70 DEPL 25.15 0.26 25.41 25.41 SRPPL 138.63 0.44 (3.31) 135.76 135 .76 SKCPL 100.52 2.77 103.29 103.29 JREPL 43.04 0.81 43.85 43.85 QITPL 34.93 4.39 0.67 39.99 39.99 DHRPL 197.70 11.22 1.56 (28.27) 182.21 182.21 DHPL 2.53 0.06 2.59 2.59
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Knowledge Realty Trust RN: IN/REIT/24-25/OOO6 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2O25/99 dated 11 July 2O25 (as amended) For the quarter ended 30 September 2026 SPV wise NDCF Particulars ( KNOWLEDGE REALT Y TRUST SPMPL DIPL DRPL WRPL SGNPL SIMPL GVTPL Cash flow from operating activities as per Cash Flow Statement of Ho\dCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution from whom the Trust or any of its SPVs/ HolcCos have availed debt, or (ii) terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SP/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned I leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NOCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution fror surplus cash reserves) 3.82 (0.10) 61. 93 61.93 4.47 (45.00) 3O7.38 3O7.38 47.54 1,722.81 1,722.81 4.95 (195.98) 556.94 556.94 1.32 1.75 133.11 133.11 9.40 (0.04) 353.O9 353.O9 7.02 3.63 (0.90) 692. 71 692.71 58.21 347.91 1,675.27 747.97 130.04 343.73 682.96
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 September 2026 SPV wise NDCF ( KNOWLEDGE RE A LTY TRUS T Particulars STPL SHPL NABS DERPL DORPL DNPPL DORVPL OUCPL 0.29 (0.17) (0.06) (0.05) (1.62) 0.37 2.56 (61.28) 112.85 4,39 8.25 (4.69) Cash flow from operating activities as per Cash Flow Statement of HoldCo! SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income/ income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted write computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EM.l's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as wel. as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks I financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SP/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows frorn such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) (53.33) (53.33) 115.41 115.41 (1.25 ) (1.25 ) (0.05) (0.05) (0.06) (0.06) (0.17) (0.17) 0.29 0.29
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) ( KNOWLEDGE REALTY TRUST For the half year ended 30 September 2026 SPV wise NDCF Particulars OICPL 0WCPL PSBPPL BOMSPL OBRPL 0BSEPL PBPL PBSEPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV 2,806.95 1,821.33 15.83 28.65 1,460.40 11.92 672.64 15.58 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of 45.01 23.24 0.37 0.57 4.58 0.04 2.44 0.05 interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The (637.94) (520.21) (288.87) amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments I debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution from whom the Trust or any of its SPVs/ HoldCos have availed debt, o (ii) terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV / Holdco operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name calledj; or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo/ SPVs 2,851.96 1,206.63 16.20 29.22 944.77 11.96 386.21 15.63 Add: Distribution from surplus cash reserves NDCF for HoldCo I SPVs (including distribution from surplus cash reserves) 2,851.96 1,206.63 16.20 29.22 944.77 11.96 386.21 15.63 i MUMBAI ) t h ,\, j $ @-c @eu ~ecs
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 ta SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) ( KNOWLEDGE RE A LT Y T RUST Far the half year ended 30 September 2026 SPV wise NDCF Particulars CGDPL EBPPL PBPPL OQRPL KOBPL PABPPL DBRPL HKRPL Cash flaw from operating activities as per Cash Flow Statement of HoldCo/ SPV 1,313.63 678.08 126.10 310.05 620.30 143.24 67.48 39.74 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of 27.54 8.66 5.70 7.13 6.54 5.77 0.76 2.84 interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs , Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18416)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently ( ·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The (379.05) (196 .17) amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced throug new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: 6.11 2.87 0.67 1.73 2.61 (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV I HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name calledj; or (v) statutory, judicial, regulatory, or governmental stipulations ; (-) any capital expenditure on existing assets owned I leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo I SPVs 1,347.28 310.56 131.80 317.18 431.34 149.01 69.97 45.19 Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 1,347.28 310.56 131.80 317.18 431.34 149.01 69.97 45.19 &." ¢ [: �UMS \ �>-�-
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) ( KNOWLEDGE prAuY IRusI For the half year ended 30 September 2026 SPV wise NDCF Particulars SDPL DEPL SRPPL SKCPL JREPL QJTPL DHRPL DHPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV 26.91 38.54 146.52 219.00 62.92 58.06 383.99 (2.38) (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of 0.30 0.47 1.48 4.27 1.79 1.10 3.51 0.13 interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder cebt/loan from trust. The (3.31) (55.84) amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: 0.76 5.54 1.24 (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV I Holdco operates or owns the real estate asset, or generates revenue o cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from (0.04) reserves created in the earlier years NDCF for HoldCo / SPVs 27.93 39.01 144.69 223.27 64.71 64.70 332.90 (2.25) Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 27.93 39.01 144.69 223.27 64.71 64.70 332.90 (2.25) 2 i% UMBA] ) + • CC --.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS-PD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) for the half year ended 30 September 2026 SPV wise NDCF ( KNOWLEDGE / p A LIY RU S T Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCf computed as per relevant framework (+) Treasury income I income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (·) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPY/ Holdco operates or owns the real estate asset, or generates revenue cr cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreerrent, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; SPMPL 197.56 6.78 (0.12) DIPL 684.14 10.19 (91.11) DRPL 3,352.04 68.82 WRPL 1,568.27 10.27 (478.02) SGNPL 227.78 2.43 5.43 SIMPL 576.12 20.52 (0.04) GVTPL 1,004.10 8.16 (1.23) STPL 500.40 13.24 (10.51) (·) any capital expenditure on existing assets owned I leased by the SPY or Holdco, to the extent not funded by debt I equity or from reserves created in the earlier years NDCF for HoldCo I SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPYs (including distribution from surplus cash reserves) 204.22 204.22 603.22 603.22 3,420.86 1,100.52 235.64 596,60 1,011.03 3,420.86 1,100.52 235.64 596.60 1,011.03 503.13 503.13
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the half year ended 30 September 2026 SPV wise NDCF ( KNOWLEDGE b / ssArY IRu s 1 Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income I income from investing accivities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjus,ments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes , Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18i16)(d) of REIT Regulations or any other relevant provisions of ,he REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareho.der debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EM!'s except if refinanced through new debt including overdraft facilities and to exclude any debt repayments I debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks i financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulatio ns applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreerrent, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned I leased by the SPV or Holdco, to the extent not funded by debt I equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) SHPL 215.00 4.22 219.22 219 .22 NABS (3.61) 0.62 (0.04) (3.03) (3.03) DERPL (0.15) (0.15) (0.15) DORPL (0.16) (0.16) (0.16) DNPPL (0.24) (0.24) (0.24) DORVPL (0.40) (0.40) (0.40) OUCPL
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 June 2026 SPV wise NDCF + KNOWLEDGE gEALI Y IRUST Particulars OICPL OWCPL PSBPPL BOMSPL OBRPL OBSEPL PBPL PBSEPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs , Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18416)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with ban ks/ financia l institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPY/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; 30.21 12.42 (332.40) 0.08 0.33 2.37 (258.15) 0.03 1.47 (144.34) 4.47 0.01 1,354.01 944.99 10.28 21.44 706.25 (0.44) 304.08 (-) any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo/SPVs 1,384.22 Add: Distribution from surplus cash reserves 625 .01 10.36 21.77 450.47 (0.41) 161.21 4.48 NDCF for HoldCo I SPVs (including distribution from surplus cash reserves) 1,384.22 625.01 10.36 21.77 450.47 (0.41) 161.21 4.48
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) ( KNOWLEDGE REALT Y TRUST Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 June 2026 SPV wise NDCF Particulars CGDPL EBPPL PBPPL OQRPL KOBPL PABPPL DBRPL HKRPL SDPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV 641.61 283.25 68.35 180.07 324.32 65.79 28.68 39.49 5.02 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of 15. 72 4.72 2.72 2.45 4.15 3.34 0.22 1.90 0.14 interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments. real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuart to an earlier plan to re-invest as per Regulation 18416)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/ loan from trust. The amortization (189.24) (96.65) of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments I debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt I loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: 6.11 2.87 0.67 1.73 2.61 0.76 (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, O' (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV / HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations ; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves (0.04) created in the earlier years NDCF for HoldCo / SPVs 663.44 101.60 71.07 182.52 232.49 69.13 30.63 44.00 5.88 Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 663.44 101.60 71.07 182.52 232.49 69.13 30.63 44.00 5.88 o ± e/ ' ·{won l' 9{ IBA1] » s // 3,\, &° $.e_'s, is$ ----
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in lndiar Rupees millions, unless otherwise stated) 4 KNOWLEDGE - RE A L TY IRU S T Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no, SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 June 2026 SPY wise NDCF Particulars DEPL SRPPL SKCPL JREPL QITPL DHRPL DHPL SPMPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY 13.40 7.89 118.48 19.87 23.13 186.29 (4.92) 139. 35 (+) Cash Flows receivec from SPVs which represent distributions of NDCF computed as per relevant framework 0.57 (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of 0.21 1.03 1.51 0.98 0.44 1.95 0.07 2.96 interest, profit on sale of Mutual funds, investments, assets etc,, dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable :ransaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-irvest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization (27.57) (0.02) of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EM!'s except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: 5.54 1.24 (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipu lations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV / Holdco operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, ad any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded y debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs 13.61 8.92 119 .99 20.85 29.11 162.48 (4.85) 142.29 Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 13.61 8.92 119.99 20.85 29.11 162.48 (4.85) 142.29
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 June 2026 SPV wise NDCF £ KNOWLEDGE ia REALTY TRUST Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framewor« (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPYs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt I loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPYs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (V) statutory, judicial, regulatory, or governmental stipulations; DIPL 336.23 5.73 (46.11) DRPL WRPL 1.676.77 820.31 21.28 5.32 (282.04) SGNPL SIMPL GYTPL 97.74 232.37 321.13 0.68 11.12 4.53 (0.33) 5.43 STPL 561.69 4,99 (5.83) SHPL 102.14 1.66 (-)any capital expenditure on existing assets owned I leased by the SPY or Holdco, to the extent not funded by debt I equity or frorr reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 295. 85 295.85 1,698.05 1,698.05 543.59 103.85 243.49 543.59 103.85 243.49 325.33 325.33 560.85 560.85 103.80 103.80
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the quarter ended 30 June 2026 SPv wise NDCF ( KNOWLEDGE REALTY TRUST Particulars NABS DERPL DORPL DNPPL DORVPL OUCPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY (+) Cash Flows received from SPYs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, ay other income in the nature of 0.25 interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes (0.10) (0.10) (0.07) (0.69) (0.05) (1.98) • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution from whom the Trust or any of its SPVs/ HoldCos have availed debt, or (ii) terms and conditiors, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt I equity or from reserves created in the earlier years NDCF for HoldCo I SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo I SPYs (including distribution from surplus cash reserves) (0.04) (1.77) (1.77) (0.10) (0.10) (0.10) (0.10) (0.07) (0.69) (0.69) (0.05) (0.05)
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Knowledge Realty Trust 4 KNOWLEDGE RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) - REA LT Y TRUS T (All amounts are in Indian Rupees millions, unless otherwise stated) Disclousure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS PoD-2/P/CIR/2025/99 dated 11 July 2025 For the period ended 30 September 2O25 SPVs wise NDCF Particulars OICPL OWCPL PSBPPL BOMSPL OBRPL OBSEPL PBPL PBSEPL CGDPL EBPPL PBPPL OQRPL Cash flow from operating ac:ivities as per Cash Flow Statement of HoldCo/ SPY 243.31 126.51 0.74 15.15 (182.41) (2.06) 173.76 (2.93) 210.76 263.58 (2.73) 115.64 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other 8.30 13.18 3.55 1.36 4.33 2.12 13.19 1.73 95.97 12.66 0.27 2.85 income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan (316.09) (253.37 (79.27) (1.88) (126.47) (1.38) (65.35) (160.11) (8.67) (24.34) from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while compu:ing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt (10.40) including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt I loan from Trust) ( ·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks i financial institution from whom the Trust or any of its SPVs/ HoldCos have availed debt, or (ii) terms and conditions, co·,enants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed $ by the Trust or any of its SPVs/ HoldCos, or {Mus (iv) agreement pursuant to which the SPY/ Holdco operates or owns the real estate asset, or generates revenue or ! cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase � � \. agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or ,-- (v) statutory, judicial, regulatory, or governmental stipulations; 4re (-) any capital expenditure on existing assets owned I leased by the SPV or Holdco, to the extent not funded by debt I equity or from reserves created in the earlier years NDCF for HoldCo/ SPVs (64.48) (113.68) 4.29 16.51 (257.35) (1.82) 60.48 (2.58) 241.38 105.73 (11.13) 94.15 Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) (64.48) (113.68) 4.29 16.51 (257.35) (1.82) 60.48 (2.58) 241.38 105.73 (11.13) 94.15 'NDCF for the period ended 30 September 2025 is calculated from the date of acquisition of SPVs and hence coes not represent full period NDCF.
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Knowledge Realty Trust 4 KNOWLEDGE RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) REA L TY TRUST (All amounts are in Indian Rupees millions, unless otherwise stated) Disclousure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS- PoD-2/P/CIR/2025/99 dated 11 July 2025 For the period ended 30 September 2025 SPVs wise NDCF Particulars KOBPL PABPPL DBRPL HKRPL SDPL DEPL SRPPL SKCPL JREPL QITPL DHRPL DHPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY 101.28 23.52 6.39 8.06 (38.55) 0.14 27.87 (23.80) 6.15 10.82 105.18 (3.36) (+) Cash Flows received from SPVs which represent distributions of NDCF comouted as per relevant framework 0.17 0.23 0.17 1.15 1.27 (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other 1.82 2.46 0.02 7.80 0.82 0.04 0.09 0.13 7.59 0.33 0.77 income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPYs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan (75.63) (2.61) (0.96) (0.62) (41.69) (2.98) (26.12) from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced through new debt (7.83 ) including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in ay form or equity raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks i financial institution from whom the Trust or any of its SPYs/ HoldCos have availed debt, or (ii) terms and conditions, covenants or any other stipulations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or " (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or � ��, %, (iv) agreement pursuant to which the SPY/ Holdco operates or owns the real estate asset, or generates revenue or / } o cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase ( MUMPAI ) % agreement, lease agreement, and any other agreement of a like nature, by whatever narne called); or z\ lg (v) statutory, judicial, regulatory, or governmental stipulations; ) S ·. } �<".-, '---�-&· (-)any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt re (0.29) / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs 19.64 23.37 6.58 16.09 (37.56 ) (0.78) 27.34 (65.49) 3.30 19.27 80.66 (2.59) Add: Distribution from surplus cash reserves 960.00 2,200.00 NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 19.64 23.37 6.58 976.09 (37 .56) (0.78) 27.34 (65.49) 3.30 2,219.27 80.66 (2.59) *NDCF for the period ended 30 September 2025 is calculated from the date of acquisition of SPVs and hence aoes not represent full period NDCF.
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Knowledge Realty Trust 4'KNOWLEDGE RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) REALT Y TRUST (All amounts are in Indian Rupees millions, unless otherwise stated) Disclousure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS PoD-2/P/CIR/2025/99 dated 11 July 2025 For the period ended 30 September 2025 SPVs wise NDCF Particulars SPMPL DIPL DRPL WRPL SGNPL SIMPL GVTPL STPL SHPL NABS Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (2.81) (83.57) 599.78 296.29 20.09 (224.51) 157.91 186.97 (13.18) (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework 0.35 1.84 1.1 5 (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other 10.77 0.72 110.96 3.19 10.77 11.05 2.41 61.39 income in the nature of interest, profi: on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(0d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or lnvestmen, Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan 0.04 (97.75) (53.11) (196.16) (0.02) (158.13) (12.75) (26.95) from trust. The amortization of any trarsaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of ay shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuam to the obligations arising in accordance wit, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any 4$56 of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applica:ile to external commercial borrowings availed 7 ., ' -� by the Trust or any of its SPVs/ HoldCos, or pi (iv) agreement pursuant to which the SPY/ Holdco operates or owns the real estate asset, or generates revenue or {i uwea)? cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase i j z ! agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or i. /9) '$ (v) statutory, judicial, regulatory, or governmental stipulations; < . • '. ·�---_,, � , .my i? (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt (1.43) (37.53 ) (0.11) / equity or from reserves created in the earlier years NDCF for HoldCo/ SPVs 6.57 (180.60) 657.63 65.79 31.21 (213.59) 4.03 236.76 (40.13) Add: Distribution from surplus cash reserves 1,850.00 10,211.31 2,450.00 2,850.00 NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 1,856.57 (180.60) 10,868.94 65.79 2,481.21 2,636.41 4.03 236.76 (40.13) NDCF for the period ended 30 September 2025 is calculated from the date of acquisition of SPVs and hence does not represent full period NDCF.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD 2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the year ended 31 March 2026 SPY wise NDCF 4 KNOWLEDGE REALTY TRUST Particulars OICPL OWCPL PSBPPL BOMSPL OBRPL OBSEPL PBPL PBSEPL CGDPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY 2,657.86 2,000.97 (77.76) (11.35) 1,118.29 10.21 797.98 7.38 1,510 .77 (+) Cash Flows received from SPYs which represent distributions of NDCF computed as per relevant framework (+) Treasury income I income from investing activities (interest income received from FD, tax refund, any other income in the 28.24 37.72 7.33 2.78 18.1 8 2.62 17.17 2.29 47.83 nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPYs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16 )(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/ loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EM!'s except if refinanced through new debt including overdraft facilities and to exclude any debt repayments I debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPYs/ HoldCos, or (iii) terms and conditions, covenants or any o:her stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPY/ HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo I SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPYs (including distribution from surplus cash reserves) NDC be-readee March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full year ND .%. (569.79) (1,006.19) (20.93) 2,095.38 1,032.50 2,095.38 1,032.50 (1. 19) (71.62) 150.00 78.38 (8.57) (734.47) (1. 16) 400.84 (1.88) (437.21) 10.95 377.95 10.95 377.95 (1.38) 8.29 8.29 (65.36) 1,493.26 150.00 1,643.26
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD 2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the year ended 31 March 2026 SPY wise NDCF KNOWLEDGE REALTY IRUST Particulars EBPPL PBPPL OQRPL KOBPL PABPPL DBRPL HKRPL SDPL DEPL Cash flow from operating activities as per Casn Flow Statement of HoldCo/ SPV 1,238.60 225.47 412.57 606.97 186.81 36.68 98.21 (14.16) 44.98 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework 0.54 0.72 0.54 (+) Treasury income / income from investing activities (interest incor:,e received from FD, tax refund, any other income in the 13.44 4.43 7.59 9.79 8.94 0.48 8.56 1.45 0.65 nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) oi REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The (538.71) (8.62) (24.34) (268.25) (2.62) (0.96) amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including (10.40) (7.83) overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equky raise as well as repayment of any shareholder debt / loan from Trust) (-) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance witt, any: (2.87) (1.10 ) (1.73) (2.61) (0.76) (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or {iv) agreement pursuant to which the SPV I HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever narne called); or (v) statutory, judicial, regulatory, or governmental stipulations; (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPYs 700.06 221.28 395.82 339.58 193.13 35.97 104.88 (12.93) 44.67 Add: Distribution from surplus cash reserves 50.00 50.00 990.00 22.50 15.00 NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 700.06 271.28 445.82 339.58 193.13 35.97 1,094.88 9.57 59.67 NDCF for t 8 1 March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full year oc. [?<go e t Y r 'j' ;; "a ) J g p, j S 3%, @ co/ -±>
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD 2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the year ended 31 March 2026 SPY wise NDCF ( KNOWLEDGE d. / asALr Y IR0sr Particulars SRPPL SKCPL JREPL QITPL DHRPL DHPL SPMPL DIPL Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV 96.43 203.76 40.55 37.72 454.16 (19.11) 223.92 434.88 (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework 3.62 10.65 (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the 1.27 2.60 1.92 8.82 3.61 2.37 16.49 3.20 nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Enticy not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevan: provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (-) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (-) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced throug new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt I loan from Trust) (-) any reserve required to be created under te terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution from whom the Trust or any of its SPVs/ HoldCos have availed debt, or (ii) terms and conditions, covenants or any o:her stipu.ations applicable to debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowirgs availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SFV / Holdco operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (0.62) (45.54) (2.98) (5.54) (82.99) (1.24) (0.14) (279.82) (-) any capital expenditure on existing assets owned I leased by the SPY or Holdco, to the extent not funded by debt / equity or (0.99) (1.42) from reserves created in the earlier years NDCF for HoldCo / SPVs 97.08 160.82 39.49 43.63 384.19 (16.74) 238.85 158.26 Add: Distribution from surplus cash reserves 2,240.00 180.00 2,030.00 54.97 NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 97.08 160.82 39.49 2,283.63 384.19 163.26 2,268.85 213.23 •NDCF fo@r the March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full year C NDCF. ?--<O / 'K j '' * ( 111.UMBPd ) � l@ ' h {'z' 8 83%,\. $ @ «,-- 7 Se 4 8 A-' zz-7
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEB/HO/DDHS-PoD 2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the year ended 31 March 2026 SPY wise NDCF Particulars DRPL WRPL SGNPL SIMPL GVTPL STPL SHPL NABS Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPY 4,308.31 1,839.76 178.25 88.40 934.88 681.42 195.10 (38.22) (+) Cash Flows received from SPYs which represent distributions of NDCF computed as per relevant framework 1.08 5.79 3.62 (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the 206.44 16.99 14.85 37.10 18.60 81.26 1.39 1.30 nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPYs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations (+) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (·) Debt repayment (to include principal repayments as per scheduled EMl's except if refinanced through new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditions, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPY/ Holdco operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; (53.11) (784.47) (5.43) (0.16) (169.01) (38.86) (26.95) (0.05) (-) any capital expenditure on existing assets owned / leased by the SPY or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPYs (including distribution from surplus cash reserves) NDCF for the year March 2026 is calculated from the date of acquisition of SPVs and hence does not represent full year 7 C&¢ i755? ti..ER · <l // <. -' �' D..____,o· , .. \ .. � �� .J• , ,, (37.53) (0.11) 4,461.64 1,034.75 188.75 125.23 790.26 727.44 169.54 (36.97) 11,677.31 2,580.00 3,400.00 750.00 16,138.95 1,034. 75 2,768.75 3,525.23 1,540.26 727.44 169.54 (36. 97) NDCF.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Statement of Net Distributable Cashflows (NDCF) (All amounts are in Indian Rupees millions, unless otherwise stated) Disclosure pursuant to guidance under Chapter 3, Paragraph 3.19 to SEBI master circular no. SEBI/HO/DDHS-PoD 2/P/CIR/2025/99 dated 11 July 2025 (as amended) For the year ended 31 March 2026 SPV wise NDCF ( KNOWLEDGE geALIY IR0ST Particulars Cash flow from operating activities as per Cash Flow Statement of HoldCo/ SPV (+) Cash Flows received from SPVs which represent distributions of NDCF computed as per relevant framework (+) Treasury income / income from investing activities (interest income received from FD, tax refund, any other income in the nature of interest, profit on sale of Mutual funds, investments, assets etc., dividend income etc., excluding any Ind AS adjustments. (+) Proceeds from sale of real estate investments, real estate assets or shares of SPVs or Investment Entity adjusted for the following • Applicable capital gains and other taxes • Related debts settled or due to be settled from sale proceeds • Directly attributable transaction costs • Proceeds reinvested or planned to be reinvested as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations ( +) Proceeds from sale of real estate investments, real estate assets or sale of shares of SPVs or Investment Entity not distributed pursuant to an earlier plan to re-invest as per Regulation 18(16)(d) of REIT Regulations or any other relevant provisions of the REIT Regulations, if such proceeds are not intended to be invested subsequently (·) Finance cost on Borrowings as per Profit and Loss Account excluding finance cost on any shareholder debt/loan from trust. The amortization of any transaction costs can be excluded provided such transaction costs have already been deducted while computing NDCF of previous period when such transaction costs were paid (·) Debt repayment (to include principal repayments as per scheduled EMI's except if refinanced througn new debt including overdraft facilities and to exclude any debt repayments / debt refinanced through new debt, in any form or equity raise as well as repayment of any shareholder debt / loan from Trust) (·) any reserve required to be created under the terms of, or pursuant to the obligations arising in accordance with, any: (i) loan agreement entered with banks / financial institution 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 debt securities issued by the Trust or any of its SPVs/ HoldCos, or (iii) terms and conditios, covenants or any other stipulations applicable to external commercial borrowings availed by the Trust or any of its SPVs/ HoldCos, or (iv) agreement pursuant to which the SPV I HoldCo operates or owns the real estate asset, or generates revenue or cashflows from such asset (such as, concession agreement, transmission services agreement, power purchase agreement, lease agreement, and any other agreement of a like nature, by whatever name called); or (v) statutory, judicial, regulatory, or governmental stipulations; DERPL DORPL DNPPL DORVPL OUCPL (-) any capital expenditure on existing assets owned / leased by the SPV or Holdco, to the extent not funded by debt / equity or from reserves created in the earlier years NDCF for HoldCo / SPVs Add: Distribution from surplus cash reserves NDCF for HoldCo / SPVs (including distribution from surplus cash reserves) 'NDCF for the year end 26 is calculated from the date of acquisition of SPVs and hence does not represent full year ocr. %£go c." 'V e¢ > ("-.>r \ -v)· • { MUMBAI ) + S ! J g i$, Rh &, '----' s/ Ac,0/ CE
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Disclosure pursuant to guidance under Chapter 4, Paragraph 4.6.5 to SEBI master circular No, SEBI/HO/DDHS-Po0-2/P/CIR/2025/99 dated 11 July 2025 (as amended) Statement of Net Borrowing Ratio 4 KNOWLEDGE REA_TY IR U S T Particulars A. Borrowings B. Deferred Payments C. Cash and Cash Equivalents" D. Aggregate Borrowings and Deferred Payments net of Cash and Cash Equivalents (A+8-C) E. Value of REIT assets F. Net Borrowings Ratio (D/E) (In times) As at As at As at 30 September 2026 31 kMarch 2026 30 September 2025 Unaudited Audited Unaudited 126,327.41 123,586.44 153,817.78 3,565.32 6,265.53 28,603.05 122,762.09 117,320.91 125,214.73 688,631.20 674,110.88 645,507.87 0.18 0.17 0.19 The value of REIT assets represents Gross Asset Value of Specified assets (refer Consolidated Statement of Net Assets at Fair Value and Total Returns at Fair Values for details) as determined by independent external property valuer, having appropriately recognized professional qualifications and recent experience in the location and category of the property being valued. Borrowings Non-current borrowings + current borrowings as per the consolidated financial results. Cash and cash equivalents = Cash and cash equivalents as per the consolidated financial results. Break-up of Borrowings As at As at As at Pertaining to Type Lender 30 September 2026 31 March 2026 30 September 2025 Unaudited Audited Unaudited Secured: One International Center Private Limited Term loan Punjab National Bank 9,412.22 One International Center Private Limited Overdraft Punjab National Bank 1,249.74 One World Center Private Limited Term loan Punjab National Bank 16,435 .43 20,434.19 20,932.95 One World Center Private Limited Overdraft Punjab National Bank 1,588 .19 1,033.40 1,467.09 One BKC Realtors Private Limited Term loan Indian Bank 14,069.88 14,069.32 14,668.76 One BKC Realtors Private Limited Overdraft Indian Bank 817 39 596.14 1,288.77 Pita Bay Private Limited Term loan State Bank of India 7,851 .85 7,851.08 9,615.82 Prima Bay Private Limited Overdraft State Bank of India 491.43 466.26 Eor a Business Park Private Limited Term loan Stare Bank of Indla 10,212.65 10,20./ 10,958.50 Exora Business Park Private Limited Overdraft State Bank of India 889.63 849.97 999.98 Exora Business Park Private Limited Term loan Bank of Baroda 12,375.20 Kosmo One Business Park Private Limited Term loan State Bank of India 5,279.07 5,278.95 5,712.70 Kosmo One Business Park Private Limited Overdraft State Bank of India 386.37 281.83 20.20 Salarpuria Developers Private Limited Overdraft HDFC Bank Limited 3.52 Darshita Hi-Rise Private Limited Term loan Ais Bank Limited 1,502.84 1,502.43 1,574.89 Darshita Hi-Rise Private Limited Overdraft Axis Bank Limited 119.38 22.17 Sattva Knowledge Centre Private Limited Overdraft ICICI Bank Limited 1.89 Sattva Properties Management Private Limited Overdraft Federal Bank Limited 44.77 46.01 Darshita Infrastructure Private Limited Term loan ICICI Bank Limited 4,684.02 Darshita Infrastructure Private Limited Term loan Federal Bank Limited 1,764.59 1,842.63 1,914.05 Darshita Infrastructure Private Limited Term loan Axis Bank Limited 668.62 695.57 716.38 Darshita Infrastructure Private Limited Overdraft ICICI Bank Limited 183.06 Dar shita Infrastructure Private Limited Overdraft Federal Bank Limited 208.33 39.11 /3.19 Darshita Infrastructure Private Limited Overdraft Axis Bank Limited 3.93 69.84 168.35 Worldwide Realcon Private Limited Term loan Axis Bank Limited 6,290.97 9,570.79 10,231.40 Worldwide Realcon Private Limited Term loan Bajaj Hansing Finance limited 4,140 06 6,108. 43 6,108.50 Worldwide Realcon Private Limited Overdraft Axis Bank Limited 519.46 401.69 Sattva Infra Management Private Limited Overdraft Federal Bank Limited 1.40 18.91 GV Techparks Private Limited Term loan State Bank of India 20.86 96.64 8,689.04 GV Techparks Private Limited Overdraft State Bank of India 198.16 Suftzunee Te h Pak Linitetl Overdraft Federal Bank Limited 386.bb Softzone Tech Park Limited Term loan Bank of Maharashtra 383.22 Suftzne Tr. Pk Limited Overdraft Hank of Maharashtra 5.06 Softzone Tech Park Limited Term loan Federal Bank Limited 251.84 191.09 4427 89 Knowledge Realty Trust Term loan Bajaj Housing Finance Limited 13,976.88 13,976.04 13,975.23 Knowledge Realty Trust Overdraft Bajaj Housing Finance Limited 1,667.45 1,595.98 Knowledge Realty Trust NCD Series - I NA 15,969.11 15,961.33 15,946.63 Knowledge Realty Trust NCD Series - I NA 10,002.23 10,004.07 Knowledge Realty Trust NCD Series - III NA 5,995.32 Knowledge Realty Trust Commercial papers (CP) NA 4,964.32 Total 126,327.41 123,586.44 153, 817 .78 Pursuant to SEBI master circular No. SEB/HO/DDHS-P0D-2/P/CIR/2025/99 (as amended) dated 11 July 2025, the names of lenders are required to be given for borrowings. Listed Non-Convertible Debenture (NCD) and listed Commercial Paper (CP) are actively traded in the secondary market, resulting in frequent changes in ownership and therefore, lender names for these instrument have not been provided.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Disclosure pursuant to guidance under Chapter 4, Paragraph 4.6.5 to SEB! master circular No. SEBI/HO/DDHS-P0D-2/P/CIR/2025/99 dated 11 July 2025 (as amended) Statement of Net Borrowing Ratio (Contd.) n Break-up of cash and cash equivalents As at As at As at Name of the Entity 30 September 2026 31 March 2026 30 September 2025 Unaudited Audited Unaudited One International Center Private Limited 77.99 719 .15 1,629.69 One World Center Private Limited 100.65 362.64 1,145.33 Pluto Solista Business Parks Private Limited 28.73 38.23 7.36 8SP Office Management Services Private Limited 65.09 105.44 16.27 One BKC Realtors Private Limited 323.12 448.95 1,101.13 One BKC Solar Energy Private Limited 5.27 13.43 2.65 Prima Bay Private Limited 35.98 211.25 1,412.00 Prima Bay Solar Energy Private Limited 4.02 11.00 2.95 Cessna Garden Developers Private Limited 40.35 713.96 16.02 Exora Business Park Private Limited 212.62 622.25 13,635.56 Pluto Business Parks Private Limited 13.04 220.89 42.69 One Qube Realtors Private Limited B.65 227.58 7.00 Kosmo One Business Park Private Limited 37.76 141.01 195.13 Pluto Atriza Business Parks Private Limited 7.71 122.33 5.81 Debonair Realtors Private Limited 0.50 12.35 10.16 Harkeshwar Realtors Private Limited 0.40 2.08 6.13 Salarpuria Developers Private Limited 1.36 9.56 0.01 Darshita Edifice Private Limited 2.94 26.88 1.06 Shirasa Regency Park Private Limited 0.41 3.55 36.76 Sattva Knowledge Centre Private Limited 12.03 121.53 1.25 Jaganmayi Real Estates Private Limited 0.51 43.93 2.42 Quadro Info Technologies Private Limited 0.50 5.01 13.26 Darshita Hi-Rise Private Limited 100.01 2.65 0.09 Darshita Housing Private Limited 0.50 0.27 7.13 Sattva Properties Management Private Limited 39.47 167.12 52.29 Darshita Infrastructure Private Limited 190.33 73.34 4.96 Devbhurm Realtors Pnvate Limited 204.76 651.75 215.48 Worldwide Realcon Private Limited 372.94 101.18 25.69 Salarpuria Griha Nirman Private Limited 15.50 71.82 13.44 Sattva Infra Management Private Limited 30.80 217.90 65.23 GV Techparks Private Limited 14.30 332.69 8,689.22 Softzone Tech Park Limited 4.08 150.51 87.94 Sattva Horizon Private Limited 0.75 111.18 15.47 NABS Data Zone Private Limited 0.97 61.07 110 .53 Devbhumi Elixir Realty Private Limited 0.85 1.00 Devbhumi Orwell Realty Private Limited 0.85 1.00 Devbhumi Novamagma Projects Private Limited 0.76 1.00 Devbhumi Opal Realty Ventures Private Limited 0 60 1.00 One Unity Center Private Limited 0.50 0.50 Knowledge Realty Trust 1,607.72 136.55 24.94 Total 3,565 .32 6,265.53 28,603.05
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Disclosure pursuant to guidance under Chapter 4, Paragraph 4.6.5 to SEBI master circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2O25/99 dated 11 July 2025 (as amended) 1 Statement of Net Borrowing Ratio (Contd.) iii Value of REIT assets Name of the SPVs One International Center Private Limited One World Center Private Limited Pluto Solista Business Parks Private Limited BSP Office Management Services Private Limited One BKC Realtors Private Limited Prima Bay Private Limited Cessna Garden Developers Private Limited Exora Business Park Private Limited Pluto Business Parks Private Limited One Qube Realtors Private Limited Kosmo One Business Park Private Limited Pluto Atriza Business Parks Private Limited One BKC Solar Energy Private Limited Prima Bay Solar Energy Private Limited Debonair Realtors Private Limited Harkeshwar Realtors Private Limited Salarpuria Developers Private Limited Darshita Edifice Private Limited Shirasa Regency Park Private Limited Sattva Knowledge Centre Private Limited Jaganmayi Real Estates Private Limited Quadro Info Technologies Private Limited Darshita Hi-Rise Private Limited Darshita Housing Private Limited Sattva Properties Management Private Limited Darshita Infrastructure Private Limited Devbhumi Realtors Private Limited Worldwide Realcon Private Limited Salarpuria Griha Nirman Private Limited Sattva Infra Management Private Limited GV Tech Parks Private Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Softzone Tech Park Limited Sattva Horizon Private Limited NADS Dtzone Private Limited Devbhumi Elixir Realty Private Limited Devbhumi Orwell Realty Private limited Devbhumi Novamagma Projects Private Limited Devbhumi Opal Realty Ventures Private Limited One Unity Center Private Limited Knowledge Realty Trust Total wholly owned subsidiaries of Devbhumi Realtors Private Limited wholly owned subsidiary of One International Ccnter Prate Lmtad Name of the property One International Center and One Unity Center One World Center CAM Bengaluru- I CAM Mumbai One BKC Prima Bay Cessna Business Park Exora Business Park One Trade Tower One Qube Kosmo One Fintech One One BKC Solar Prima Bay Solar Sattva Eminence Sattva Cosmo Lavelle Sattva Premia Sattva Magnificia I Karnataka Solar - I Sattva Knowledge Capital Sattva South Avenue Sattva Infozone Sattva Knowledge Court Sattva Endeavour CAM Bengaluru- I Sattva Knowledge Capital Sattva Knowledge City Sattva Knowledge Park Sattva Techpoint CAM Hyderabad Sattva Global City Sattva Softzone Sattva Magnificia - II Sattva Touchstone Sattva Supreme Sattva Spectrum Sattva Horizon Karnataka Solar - IL NA NA NA NA" NA NA 688,631.20 674,110.88 645,507 .87 As at As at As at 3O September 2O26 31 March 2026 30 September 2O25 Unaudited Audited Unaudited 89,836.40 87,127.89 80,595.47 63,344.67 61,786.19 55,944.44 4,460.70 4,733.60 4,664.00 3,591.69 4,173.00 3,826.00 47,756.94 46,278.67 45,893 .35 19,443 .61 18,486.29 18,428.43 48,005 .55 46,786.35 46,082.99 35,180.45 33,884.42 33,827. 44 5,495.28 5,248.09 4,812.35 10,118.72 9,821.05 9,649.56 15,806 .13 15,274.64 14,510 .73 4,176 .14 4,224.57 4,172.12 340.58 315.87 303.23 314.63 276.34 262.62 2,123.49 2,090.21 2,203.57 2,886.28 2,845.10 2,599.45 1,286 .50 1,247.40 1,207.33 1,262.40 1,241.47 1,231.67 2,318.79 2,282.23 2,344.69 6,657 .19 6,431.57 6,144 .21 4,075.15 3,599.87 3,422.56 3,792.53 3,760.82 3,768.71 11,484.03 11,182 .14 10,877.33 6,534.94 5,825.53 5,624.10 6,618.00 7,042.70 6,311.00 21,540.45 20,833.77 20,047.02 118,783.45 117,332 .78 110,814.32 54,399.29 52,513.24 49,833.07 7,295.47 7,185.80 7,109.95 10,350.50 11,988.30 12,404.90 44,877.88 44,147.73 43,423.30 16,909.97 17,152.68 16,985.37 1,757.38 1,768.14 1,759.69 3,695.48 3,605.78 3,604.82 718.44 724.91 724.16 4,340.29 4,283.09 4,164.30 5,916.13 5,515.48 5,155.90 1,135 .68 1,093.17 773.75
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) Disclosure pursuant to guidance under Chapter 4, Paragraph 4.6.5 to SEBI master circular No. SEB/HO/DDHS-POD-2/P/CIR/2025/99 dated 11 July 2025 (as amended) Statement of Net Borrowing Ratio (Contd.) iv Details of security and assets cover ratio against NCDs Particulars NCD - Series - I Security Terms The NCD is secured against a) First ranking pari passu mortgage over the undivided 21.73% share of the Devbhumi Realtors Private Limited in the Land (i.e. 6.52 acres) with respect to Block E-2, situated at Survey No. 83/1 in Phase I of Cyberabad Knowledge City, Raidurg Panmaktha Village, Seritingampally Mandat, Ranga Reddy District; b) First ranking pari passu hypothecation over the escrow account into which all cashflows of the mortgaged property will be deposited and hypothecation over all such cashflows, both present and future; and c) Corporate guarantee from Devbhumi Realtors Private Limited, capped to the aggregate outstanding debt. Assets cover ratio 2.04 (As at 31 March 2026: 1.97, As at 30 September 2025 : 1.80) As at 30 September 2026 Unaudited 16,021.60 As at 31 March 2026 Audited 16,021.60 As at 30 September 2025 Unaudited 16,021.60 NCD - Series -II The NCD is secured against a) First ranking pari passu mortgage over the undivided 18.50% share of Devbhumi Realtors Private Limited in the land (i.e. 5.55 acres) with respect to Block D, situated at Survey No, 83/1 in Phase I of Cyberabad Knowledge City, Raidurg Panraktha Village, Serilingampally Mandal, Ranga Reddy District; b) First ranking pari passu hypothecation over the escrow account into which all cashflows from mortgaged property will be deposited and hypothecation over all such cashflows, both present and future; and c) Corporate guarantee from Devbhumi Realtors Private Limited, capped to the aggregate outstanding debt. NCD Series III The NCD is secured against a) First ranking pari passu mortgage over the undivided 18.50% share of Devbhumi Realtors Private limited in the land (i.e. 5.55 acres) with respect to Block D, situated at Survey No. 83/1 In Phase I of Cyberabad Knowledge Cty, Radurg Panmaktha Village, Serilingampally Mandal, Ranga Reddy District; b) First ranking pari passu hypothecation over the escrow account into which all cashflows from mortgaged property will be deposited and hypothecation over all such cashflows, both present and future; and c) Corporate guarantee from Devbhumi Realtors Private Limited, capped to the aggregate outstanding debt. 1.77 (As at 31 March 2026: 2.78, As at 30 September 2025: NA) (Refer Note iii) 1.77 (As at 31 March 2026: NA, As at 30 September 2025: NA) (Refer Note iv) 10,045.01 6,004.84 10,045.01 NA (Refer Note (iv)) NA (Refer Note (iii)) NA (Refer Note (iv)) including premium received and excluding IND AS impact Notes (i) Asset Cover ratio is based on market value of the assets. (ii) The NCDs are listed on the Bombay Stock Exchange. (iii) The details of security against NCD Series - ll and asset cover ratio for the comparative period as at 30 September 2025 i« not disclosed <inre the NC.D was first issued as on 9rh Fehrary 27026 and accordingly not applicable. (iv) The details of security against NCD Series - Ill and asset cover ratio for the comparative period as at 30 September 2025 and 31 March 2026 is not disclosed since the NCD was first issued as on 19th June 2026 and accordinglv not applicable.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 2 Other income Particulars Gain on Mutual funds classified as FVTPL Sale of scrap Profit on sale of PPE and investment property Liabilities written back Miscellaneous income Total 3 Operating and maintenance expenses Particulars Power and fuel (net of recoveries) Manpower charges Repairs and maintenance related to operation Other operating expenses Total 4 Other expenses Particulars Legal and professional fees Audit fees Valuation fees Trustee fees Rates and taxes (including property taxes) Insurance expense Property management fee (refer note 6) REIT Management fee (refer note 6) Repairs and maintenance - others Advertisement and brokerage expenses Travelling and conveyance Corporate social responsibility expenses Allowances for expected credit losses loss on sale / discard of PPE and investment property Other installation charges Bad debts / Advances written off Miscellaneous expenses Total refer note 17 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025° 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 96.05 97.00 110.94 193.05 110.94 312.49 9.71 21.70 12.44 31.41 12.44 16.67 0.20 0.18 0.38 3.59 1.45 30.40 9.65 31.85 9.65 87.88 5.90 15.37 2.86 21.27 2.86 19.19 113.31 164.65 135.89 277.96 135.89 439.82 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 97.41 105.72 43.32 203.13 43.32 210.32 492.47 465.26 222.13 957.73 222.13 1,117.59 361.48 353.64 250.97 715.12 250.97 1,273.32 39.82 34.10 6.96 73.92 6.96 109.75 991.18 958.72 523.38 1,949.90 523.38 2,710.98 For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 86.15 81.40 94.71 167.55 94.71 355.43 20.61 18.50 24.9/ 39.11 25.00 66.66 2.90 3.26 5.00 6.16 5.00 11.30 1.33 1.33 1.08 2.66 1.08 3.82 312.05 319.39 221.88 631.44 222.12 916.17 15.68 16.71 12.46 32.39 13.10 57.60 317.11 306.40 163.68 623.51 163.68 754.89 88.69 84.56 173.25 163.47 31.55 16.57 30.67 48.12 30.67 170.57 53.73 8.04 144.56 61.77 152.76 186.41 0.17 9.49 0.17 9.49 11.41 58.57 61.71 8.77 120.28 8.77 118.90 14.71 3.55 4.80 18.26 4.80 74.03 3.3J1 6.89 5.05 11.94 25.70 2.53 21.91 1.93 24.44 1.93 112.88 6.79 8.61 26.36 14.90 26.36 4.96 1,018.96 956.99 750.36 1,975.95 759.47 3,087.51
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) £ KNOWLEDGE e R E A LT Y T RUS T 5 Earnings Per Unit (EPU) Basic EPU is calculated by dividing the profits for the period / year attributable to unitholder of the Trust by the weighted average number of units outstanding during the period / year. Diluted EPU is calculated by dividing the profits attributable to unit holders of the Trust by the weighted average number of units outstanding during the period / year plus the weighted average number of units that would be issued on conversion of all the dilutive potential units into unit capital. Particulars Profit for the period / year Weighted average number of units (Basic / Diluted) Earnings per unit (Not Annualised) - Basic and Diluted (in Rs.) For the quarter ended For the half year ended For the year ended 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 5,078.57 2,507.96 626.42 7,586.53 617.31 3,754.36 4,434,399,541 4,434,399,541 1,282,281,832 4,434,399,541 1,282,281,832 2,854,022,717 1.15 0.57 0.49 1.72 0.48 1.32 refer note 17 6 Investment management fees: Property Management fee Pursuant to the Property Management Agreement dated 24 July 2025, the Manager is entitled to a fee of 3% of the Facility Rentals. The fees is paid to the Manager in consideration of the property management services offered by the Manager. Property Management fee for the quarter and half year ended 30 September 2026 amounts to Rs. 317.11 millions (30 September 2025 : Rs. 163.68 millions) and Rs. 623.51 millions (30 September 2025: Rs. 163.68 millions) respectively. There are no changes during the period in the methodology for computation of fees paid to Manager. REIT Management fee Pursuant to the Investment Management Agreement dated 10 October 2024, Investment Manager is entitled to fees @ 1% of distributions, exclusive of applicable taxes. The fees has been determined for undertaking management of the Trust and its investments. The REIT Management fees (including GST) for the quarter and half year ended 30 September 2026 amounts to Rs. 88.69 millions (30 September 2025: Rs. Nil) and Rs. 173.25 millions (30 September 2025: Rs. Nil) respectively. There are no changes during the period in the methodology for computation of fees paid to Manager.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 7 Disclosure required as per Paragraph 4.18.2 of SEBI master circular no. SEBI/HO/DDHS-PoD-2/P/CIR/225/99 dated 11 July 2025 and Chapter XVII, Part Ill of SEBI master circular no. SEBI/HO/DDHS/DDHS PoD/P/CIR/2025/0000000137 dated 15 October 2025 r/w Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Ratios As at / For the quarter ended As at For the half year ended As at /For the year No. 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 ended 31 March 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (a) debt-equity ratio 0.30 0.29 0.35 0.30 0.35 0.29 (b) debt service coverage ratio 4.87 4.91 3.02 4.89 3.01 3.98 (c) interest service coverage ratio 4.87 4.91 3.05 4.89 3.04 3.99 (d) outstanding redeemable preference shares Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (e) capital redemption reserve debenture redemption reserve Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (t) net worth (Rs. in million) 424,807.24 427,245.00 442,590.24 424,807.24 442,590.24 431,872.95 (g) net profit / (loss) after tax (Rs. in million) 5,078.57 2,507.96 626.42 7,586.53 617.31 3,758.48 (h) earnings per unit (basic / diluted) (Rs.) 1.15 0.57 0.49 1.72 0.48 1.32 (i) current ratio 0.72 0.69 1.16 0.72 1.16 0.85 (i) long term debt to working capital (17 .31) (15.44) 18.97 (17.31) 18.97 (41.54) (k) bad debts to account receivable ratio 0.01 0.01 0.02 0.07 (0 current liability ratio 0.16 0.17 0.24 0.16 0.24 0.13 (m) total debts to total assets 0.22 0.22 0.25 0.22 0.25 0.21 (n) debtor's turnover 4.65 4.39 12.10 9.20 12.10 11.43 (o) operating margin percent 89.62% 89.43% 89.37% 89.52% 89.37% 88.43% (p) net profit margin percent 39.00% 20.00% 8.92% 30.00% 8.79% 12.00% (a) asset cover ratio 5.64 5.57 4.56 5.64 4.56 5.62 () inventory turnover Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable (s) net operating income (Rs. in million) 11,404 .04 11,116 .68 5,999.88 22,520.72 5,999,88 26,940.76 (t) distribution per unit (Rs.) 1.72 1.70 1.56 3.42 1.56 4.74 (u) asset cover for NCDs (at book value) 1.24 1.25 1.34 1.24 1.34 1.53 The following definitions have been considered for the purpose of computation of ratios and other information (a) Debt equity ratio = Total borrowings' I Unitholders Equity (b) Debt service coverage ratio = Earnings before finance costs, depreciation, amortisation and tax / [Finance cost (net ot caprtaursaton and excluding interest on lease deposit and interest on lease liability) + Scheduled principal repayments made during the period to the extent not refinanced] (c) Interest service coverage ratlo = Earnings before finance costs, depreciation, amortsaton and tax / Finance cost (net ot capitalisation and excluding interest on lease deposit and interest on lease liability) (d) Net worth = Unitholder's Equity" (e) Current ratio = Current assets / Current liabilities (f) Long term debt to working capital ratio = Long term debt'/ Working capital" (g) Current liability ratio = Current liabilities / Total liabilities (h) Total debt to total assets = Total debt / Total assets (i) Debtor's Turnover = Revenue from operations / Average trade receivable (j) Bad debts to account receivable ratio = Bad debts (including provision for doubtful debts) / Average trade receivable (k) Operating margin = Net operating income / Revenue from operations (l) Net profit margin = Profit after exceptional Items and tax / Total income (m) Asset cover ratio = Fair value of Gross Assets / Total borrowings'(excluding processing fees) (n) Net operating income = Revenue from operation - operating and maintenance expenses (excluding certain one time repair expenses) - insurance - property tax Notes Total borrowIngs Non current borrowings + Current borrowings + Accrued Interest Unitholder's Equity = Unit Capital + Other equity + 'Distribution - Repayment of capital' 3 Long term debt Non-current borrowings (excluding current maturities of nun-current debt and lease (fabtltty) Working capital = Current asset - Current liabilities Total Debt = Non current borrowings {including current maturities of n Arn hwrowings nd excluding processing fees) + current borrowings and interest accrued
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 4 KNOWLEDGE REALTY TRUST 8 Details of utilisation of IPO proceeds: On 18 August 2025, the units of the Trust were listed on Bombay Stock Exchange (BSE') and National Stock Exchange ('NSE'). As part of IPO, the Trust had issued 480.00 million units for cash, at a price of Rs. 100.00 per unit aggregating to Rs. 48,000.00 million. Objects of the Issue as per the Prospectus Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and the Investment Entities Expenses related to IPO Total 9 Details of utilisation of proceeds of Non Convertible Debentures ('NCDs') are as follows: Particulars Objects of the issue as per the Debenture Trust Deed NCDs raised during the year ended 31 March 2O26 (including premium received) Actual utilisation during the year ended 31 March 2026 Unutilised amount as at 31 March 2026 NCDs raised during the quarter ended 30 June 2026 (including premium received) Actual utilisation during the quarter ended 30 June 2026 Unutilised amount as at 30 June 2026 NCDs raised during the quarter ended 30 September 2026 (including premium received) Actual utilisation during the quarter ended 30 September 2026 Unutilised amount as at 30 September 2O26 Proposed utilisation 46,400.00 1,600.00 48,000.00 Series I Refer Note (i) 16,021.60 (16,021.60) Utilised till 30 September 2O26 46,400.00 1,592.54 47,992.54 Series II Refer Note (ii) 10,045.01 (10,045.01) Unutilised amount as at 30 September 2026 7.46 7.46 Series Ill Refer Note (iii) 6,004.84 (5,974.84) 30.00 (30.00) Notes: (l) (a) Extending monles to one or more SPVs including by way ot Shareholder Debt and / or equity infusions and / or subscribing to any other securities issued by any such SPV, utilised by SPV for repayment of its existing financial indebtedness, refurbishment expenses and I or working capital requirements, other general corporate purposes including, without limitation, payment of fees and expenses in connection with the Issue; (b) acquisition of any assets and / or investments (including acquisition of or investment in any SPV (including any investment entity) by way of providing loans and/or subscribing to the shares and / or any other securities issued by that SPV (including any investment entity) and / or refinancing of any present or future indebtedness acquired, refurbishment expenses and / or working capital requirements of assets acquired pursuant thereto; and (c) other general corporate purposes including, without Imitation, payment of fees and other expenses in connection with the Issue. (Ii) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and / or equity infusions and / or subscribing to any other securities issued by any such SPV (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPV (including any investment entity) for the repayment of its existing indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any investment entity); and (b) other general corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. (iii) (a) extending monies to one or more Special Purpose Vehicles ("SPVs") (Including any Investment Entity) including by way of Shareholder Debt and / or equity intusions and / or subscribing to any other securities issued by any such SPV (including any Investment Entity) where the proceeds of such moneys are utilized hy the relevant SPV (including any Investment Entity) for the repayment of Its existing financial indebtedness (in part or in full), returbishment expenses, towards capital expenditure and I or working capital requirements of the relevant SPVs (including any Investment Entity); and (b) other general corporate purposes including, without limitation, payment of fees and expenses in connection with the Issue.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are in Indian Rupees million, unless otherwise stated) 10 Details of utilisation of proceeds of Commercial Papers ('CPs') are as follows: Particulars Objects of the issue as per the Key Information Document CPs raised during the quarter ended 30 June 2026 Actual utilisation during the quarter ended 30 June 2026 Unutilised amount as at 30 June 2026 CPs raised during the quarter ended 30 September 2026 Actual utilisation during the quarter ended 30 September 2026 Unutilised amount as at 30 September 2026 CP- Issue 1 Refer Note below(i) 4,915.44 (4,915.44) CP - Issue 2 Refer Note below(ii) 4,917 .02 (4,917 .02) ( KNOWLEDGE RE A . TV TR UST Notes: (i) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and / or equity infusions and I or subscribing to any other securities issued by any such SPY (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPY (including any investment entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any investment entity); and (b) other general corporate purposes including, without limitation , payment of fees and other expenses in connection with the Issue. (ii) (a) extending monies to one or more SPVs (including any investment entity) including by way of shareholder debt and/or equity infusions and/or subscribing to any other securities issued by any such SPY (including any investment entity) where the proceeds of such moneys are utilised by the relevant SPY (including any investment entity) for the repayment of its existing financial indebtedness (in part or in full), refurbishment expenses and/ or working capital requirements of the relevant SPVs (including any investment entity); and (b) acquisition of any assets and/or investments (including but not limited to acquisition of or investment in any SPY (including any Investment Entity by way of providing loans and/or subscribing to the shares and/or any other securities issued by that SPY (includin g any Investment Entity) and/or capital expenditure and/or refinancing of any present or future indebtedness acquired, refurbishment expenses and/ or working capital requirements of assets acquired pursuant thereto; (c) other general corporate purposes including, without limitation, payment of fees and other expenses in connection with the Issue. 11 The Finance Act, 2026 amended Section 206 of the Income-tax Act, 2025 with effect from 1 April 2026. Pursuant to the amendment, Minimum Alternate Tax (MAT) credit accumulated up to 31 March 2026 can be utilised only by a company that opts for the concessional tax regime. Under the provisions then applicable, dividend income distributed by the Trust out of dividends received from an SPY opting for the concessional tax regime would have been taxable in the hands of the unitholders . Accordingly, the SPVs did not expect to opt for the concessional tax regime. Based on this, the Group has reassessed the recoverability of its MAT credit entitlement and recognised a deferred tax expense of Rs. 870.00 million in the consolidated statement of profit and loss for the quarter ended 31 March 2026. During the quarter ended 30 September 2026, The Taxation and Other Laws (Amendment) Act, 2026 was enacted with retrospective effect from 1 Apr! 2026, exempting dividend income distributed by a REIT to its unitholders irrespective of whether the underlying SPVs distributing such dividends have transitioned to the concessional tax regime. Pursuant to the said amendment, SPVs of the Group are expecting to transition to the concessional tax regime with effect from Tax Year 2026-27 and have reassessed the recoverability of their MAT credit entitlement and have consequently recognised deferred tax assets amountin g to Rs. 1,357 .79 million, including Rs. 870.00 million which was recognised as deferred tax expense during the quarter ended 31 March 2026, during the quarter and half-year ended 30 September 2026. Further, during the quarter ended 30 September 2026, certain SPVs of the Group have elected concessional tax regime with effect from financial year 2025-26. Consequently, the resulting tax savings of Rs. 311.15 million has been disclosed separately as credit to tax expense pertaining to earlier years in the quarter and half year ended 30 September 2026. The Group has also remeasured the deferred tax assets of such SPVs in consolidated financial results using the tax rates applicable under the concessional tax regime, resulting in the recognition of a deferred tax credit of Rs. 188.88 million during the quarter and half-year ended 30 September 2026. 12 The above consolidated financial results of Knowledge Realty Trust 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 and circulars issued thereunder read with SEBI Master Circular NO. SEB/HO/DDHS -PoD-2/P/CIR/2025/99 (as amended) dated 11 July 2025; Indian Accounting Standard (Ind AS) 34 "Interim Financial Reporting", as prescribed in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India, to the extent not inconsistent with the REIT Regulations. 13 Under the provisions of the REIT Regulations, the Trust is required to distribute to Unitholders not less than 90% of the net distributable cash flows of the Trust in each financial year. Accordingly, a portion of the Unit Capital contains a contractual obligation of the Trust to pay to its Unitholders. 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 REIT Regulations, the unit capital has been classified as equity. Consistent with Unit Capital being classified as equity, the distributions to Unttholders is presented in Other Equity and not as finance cost. In line with the above, the distribution payable to unit holders is recognised as liability when the same is approved by the Manager.
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Knowledge Realty Trust RN: IN/REIT/24-25/0006 Notes to the Consolidated Financial Results (All amounts are In Indian Rupees milllon, unless otherwise stated) £ KNOWLEDGE REALTY TRUST 14 The Group has only one operating segment viz. leasing of commercial office buildings and parks. Hence, disosure under Ind AS 108, Operating Segments" is not applicable. 15 There were no significant adjusting events that occurred subsequent to the reporting period. 16 The consolidated financial results of Knowledge Realty Trust were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 03 November 2026, 17 The Trust had acquired 5PVs during the quarter ended 30 September 2025, hence the figures for the quarter and half year ended 30 September 2025 are not comparable and figures for year ended 31 March 2026 do not represent the full period figures. 18 The figures of previous year / periods have been reclassified / regrouped for better presentation in the consolidated financlat results and to confarm to the current period's classifications / disclosures. This does not have any impact on the profits / (loss) or basic ard diluted earnings per unit of previous periods / year. For and on behalf of the Board of Directors of Knowledge Realty Office Management Serviles Private Limited (as a Manager ta Knowledge Realty Trust) Btjay Kumar Agarwal Chairman and Non-Executive Director DIN: 00088987 Place: Bengalur 77c. ('= Chief Executive Officer Place: Mumbai Date: 03 November 2026 A ± Chief Financial Officer Place: Mumbai Date: 03 November 2026
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SR BC&COLLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor's Report on Security Cover, Compliance with all Covenants and book value of assets as at September 30, 2026 pursuant to Regulation 56(1Xd) of the SEBI (Listing Obllgatlons and Disclosure Requirements) Regulatlons, 2015 (as amended) and SEBI Circular dated September 28, 2026 for submission to Catalyst Trusteeship Limited (the 'Debenture Trustee') To The Board of Directors Knowledge Realty Office Management Services Private Limited ("the Manager") (acting in its capacity as Manager of the Knowledge Realty Trust) One BKC, C Wing 407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E), Mumbai -400051, Maharashtra, India. 1. This Report is issued in accordance with the terms of the service scope letter dated July 27, 2026 and master engagement agreement dated July 27, 2026, as amended with Knowledge Realty Office Management Services Private Limited (hereinafter the "Manager"). 2. We SR BC & CO LLP, Chartered Accountants, are the Statutory Auditors of the Knowledge Realty Trust(the "Trust") and have been requested by the Trust to examine the accompanying Annexure I, Annexure II and Annexure Ill showing 'Security Cover as per the terms of Debenture Trust Deeds, Compliance with Covenants and book value of assets' (hereinafter the "Statement") as at September 30, 2026 for the following debentures (together hereinafter referred to as "Debentures" or "NCDs") as issued by the Trust: a. 1,60,000 rated, listed, senior, secured, redeemable, transferable and non-convertible Series - I debentures having face value of Rs 100,000 each amounting to Rs. 16,000 million; b. 1,00,000listed, rated, secured, redeemable and non-convertible Series - JI debentures having face value of Rs 100,000 each amounting to Rs. 10,000 million. c. 60,000 rated, listed, senior, secured, redeemable, transferahle nan-convertible Series - Ill debentures having face value of Rs. 1,00,000 each amounting to Rs. 6,000 million. The Statement has been prepared by the manager of the Trust (the "Management") from the Board approved unaudited standalone and consolidated financial results, underlying books of account and other relevant records and documents maintained by the Trust as at and for the quarter and half year ended September 30, 2026 pursuant to the requirements of the Regulation 56(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and SEBI Master Circular dated September 28, 2026 on 'Master Circular for Debenture Trustees' (hereinafter the "SEBI Regulations and SEBI Circular"), and has been initialed by us for identification purpose only. This Report is required by the Trust for the purpose of submission with Catalyst Trusteeship Limited (hereinafter the "Debenture Trustee') of the Trust to ensure compliance with the SEBI Regulations and SEBI Circular in respect of its NCDs. The Trust has entered into an agreement with the =. . = & \ ���/�,</\ � v,/ Y�\\ SR8C&CULL, a Limited Liability Partnership with LLP Identity Na. AAB-4318 j 1BA])± }l egd. Office : 22, Camac Street, Block 'B', 3rd Foor, Kolkata-700 016 ) }J \g. \ /�/, , j 5 l • s h • zoo/ ---z-
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Security Cover Certificate as at September 30, 2026 Page 2 of 5 Debenture Trustee vide agreement dated September 22, 2025, February 06, 2026, and June 18, 2026 (the "Trust Deeds") in respect of such Debentures. Management's Responsibility 3. The preparation of the Statement is the responsibility of the Management of the Trust including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 4. The Management of the Trust is responsible for ensuring that the Trust complies with all the relevant requirements of the SEBI Regulations and SEBI Circular including maintenance of hundred per cent security cover or higher security cover as per the terms of Debenture Trust Deeds sufficient to discharge the principal amount and the interest thereon at all times for the NCDs issued. The management is also responsible for providing all relevant information to the Debenture Trustee and for complying with all the covenants as prescribed in the Debenture Trust Deeds. Auditor's Responsibility 5. It is our responsibility to provide a limited assurance and conclude as to whether the: (a) Trust has maintained hundred percent Security cover or higher Security cover as per the terms of the Debenture Trust deeds; Cb) Trust is in compliance with all the covenants including financial covenants as mentioned in the Debenture Trust Deeds as on September 30, 2026; and (c) Book values of assets as included in the column F to the Annexure I and Annexure II are in agreement with the books of account underlying the unaudited standalone and consolidated financial results of the Trust as at September 30, 2026. 6. We have performed a limited review of the unaudited standalone and consolidated financial results of the Trust for the half year ended September 30, 2026, prepared by the Management pursuant to the requirements of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended including any guidelines and circulars issued thereunder ("REIT Regulations") and issued an unmodified conclusion dated November 03, 2026. Our review of these unaudited standalone and consolidated financial results was conducted 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"). 7. We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the ICAI ("the Guidance Note"). The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.
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SR BC &COLLP Chartered Accountants Knowledge Realty Trust Security Cover Certificate as at September 30, 2026 Page 3 of 5 8. We have complied with the relevant applicable requirements of the Standard on Quality Control (SOC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements. 9. Our scope of work did not involve us performing audit tests for the purposes of expressing an opinion on the fairness or accuracy of any of the financial information or the financial results of the Trust taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the financial results, specified elements, accounts or items thereof, for the purpose of this report. Accordingly, we do not express such opinion. 10. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned in paragraph 5 above. The procedures performed vary in nature and timing from, and are less extent than for, a reasonable assurance. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, our procedures included the following in relation to the Statement: a) Obtained and read the Debenture Trust Deed and noted that as per such debenture trust deed the Trust is required to maintain 100 percent security cover. b) With respect to Security Cover included in Annexure I and Annexure II, we have performed the following procedures: i. Obtained the Board approved unaudited standalone and consolidated financial results of the Trust for the half year ended September 30, 2026. ii. Traced and agreed the principal amount and the interest thereon of the secured listed NCDs outstanding as on September 30, 2026, to the Board approved unaudited standalone and consolidated financial results of the Trust and the underlying books of account maintained by the Trust as on September 30, 2026. iii. Obtained and read the list of assets mortgaged in respect of the NCDs outstanding. Traced the book value of assets from Annexure I and Annexure II to the unaudited standalone and consolidated financial results of the Trust as on September 30, 2026, and the underlying books of accounts and records of the Trust. iv. Obtained the list of security created in the register of charges maintained by Devbhumi Realtors Private Limited (the "Subsidiary Company" or "DRPL") whose assets have been mortgaged against the NCO and Form No. CHG-1 filed with Ministry of Corporate Affairs ('MCA') by DRPL in this regard. Traced the value of charge created against Assets to the Security Cover in column F to the attached Annexure I and Annexure II. v. Obtained the list and value of assets placed under lien or encumbrance for the purpose of obtaining any other loan and determined that such assets are not included in the calculation of Security Cover in respect of secured listed NCDs.
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SR BC&COLLP Chartered Accountants Knowledge Realty Trust Security Cover Certificate as at September 30, 2026 Page 4 of 5 vi. Examined and verified the arithmetical accuracy of the computation of Security Cover in the accompanying Annexure I and Annexure II. vii. Obtained the Security cover as determined by the management and evaluated whether the Trust is required to maintain hundred percent security cover or higher security cover as required to be maintained as per the Debenture Trust Deeds; and viii. The Annexures have been prepared by the Management, and we have not performed any procedure in relation to the said Annexure other than those mentioned above. c) With respect to compliance with financial covenants included in Annexure Ill, we have performed the following procedures: i. Obtained and verified the computation of Net Total Debt to Net Operating Income (NOi) ratio, as set out in Annexure Ill to the statement and noted that the same is in agreement with the definition as mentioned in the Debenture Trust Deeds. The computation of Loan to Value ratio and Loan to Value of Secured Assets is not applicable as at September 30, 2026, since as per the terms of para 2.23 of Schedule 5 of the Debenture Trust Deeds, the Trust is required to test compliance with these financial covenants on an annual basis i.e. only on March 31st of each financial year. ii. For Net Total Debt to Net Operating Income (NOi) ratio: () Traced the value of the outstanding borrowings, accrued interest thereon, cash and cash equivalents investments from the Board approved unaudited consolidated financial results of the Trust as at and for the half year ended September 30, 2026, and the underlying books of account maintained by the Trust; and (ii) Verified the computation of Not Operating Income (NOD), which has been computed as Revenue from Operations less direct operating expenses comprising of Maintenance Service Expenses, Property Tax, Insurance l:.xpenses, Cost ot Materials Sold, Manpower Charges and Cost of Power Purchased. Traced these amounts from the Board approved unaudited consolidated financial results of the Trust as at and for the half year ended September 30, 2026, and the underlying books of account maintained by the Trust. d) With respect to covenants other than those mentioned in paragraph lO(c) above, the management has represented and confirmed that the Trust has complied with all the other covenants including affirmative, informative, and negative covenants, as prescribed in the Debenture Trust Deed, as at September 30, 2026. e) Traced the book value of assets from the books of accounts of the Trust underlying the Board approved unaudited consolidated and standalone financial results as at September 30, 2026. f) Performed necessary inquiries representations. with the Management and obtained necessary
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SR BC&COLLP Chartered Accountants . Knowledge Realty Trust Security Cover Certificate as at September 30, 2026 Page 5 of 5 Conclusion 11. Based on the procedures performed by us, as referred to in paragraph 10 above and according to the information and explanations received and management representations obtained, nothing has come to our attention that causes us to believe that the: a) Trust has not maintained hundred percent security cover or higher security cover as per the terms of the Debenture Trust deeds; b) Trust is not in compliance with all the covenants including financial covenants as mentioned in the Debenture Trust Deeds as on September 30, 2026; and c) Book values of assets as included in Column F to the Annexure I and Annexure II are not in agreement with the books of account underlying the unaudited standalone and consolidated financial results of the Trust as at September 30, 2026. Restriction on Use 12. The Report has been issued at the request of the Trust, solely in connection with the purpose mentioned in paragraph 2 above and to be submitted with the accompanying Statement to the Debenture Trustee and is not to be used or referred to for any other person. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come. We have no responsibility to update this Report for events and circumstances occurring after the date of this report. For S R BC & CO LLP Chartered Accountants ICAI Firm Regis!pion Number: 324982E/£300003 Ad s6 �� <¢,,,.v_,.....,.c?c� ff/' ;@ \ f ' I sh Rani«e {'wuus]; j { # i s ; - -; # 'Su+0> ---? Bengaluru November 03, 2026 Membership Number: 209567 UDIN:26209567TVRAUS9694
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- - - - - - - felated to Cotumn a « e ta n a b le o r a p p lic a b le (lot tg Hok balance, DSRA C olurnn M 4 KNOWLEDGE - - - - - - ascertainable ot (For Eg. Bank balance, D'RA ma t e t value i not Carrying/book value for Market Value Car in g /b o o k value for p a rt excluive charge a4 e t f o r P e! P u p r u charge asets w h e t e where market v a le l not Charge A e t market value i not Column J (Total C to 1) C olurn [vii] EIirnlratlon on (amount In negative) debt arnount ccnldeted note than once (d u e to e lu s iv e [ V U p f + p u charge) Column H[vi)] A ct» n o t offered as Security Column G[v] P ar-a ChArge Debt for wh ct s e t she tea by part. Other assets 0n this z rt i ie a t c p s s t dabt holder which there I part beg r u e d (include s debt fer pu c h a r w ic h this tertiie a te Is (eycuthing items Issue a other debt covered in column ith par'paws<hege) D ebt colum n t [ !] Exclustw Cebt far w h ict tr er e t f i e t e Decrit on of asset for beir g 1 u e c w hchtt srertifie+tr relate o lm n C [i £ l i v e ~ o lu rv A 78.34)] 4,09,747.63 15.50 4,47,156.82 ++.u] 20,6C8.65 4,52,061.26 1 .M 4,4,081.44 1.53 P t · P u Security Cover R21i 13,764.71 fevestme t rade by the ' n t re t s Trust in Oevbhumt Realtors 20,916 $% 41 1 4 ! 1 , 9 . 4 0 . 4,01,470.35 6 1 .0 7 00 e t u ! 0n Prate tmnted and Otners ! lea Give Io De vbhu m 94,BU.361 fReester fnwate tm td a nd 31,952 20 . a 8 A,48.2+ (he rs 1,607.2 1.6c7 72 uwatents 1.49 7 49 11 19 40 ,7 9 .9 3 1,7$3.71 24,88a.17 46,94.08 4,25,922.386 4,99,747.63 51,057.00 61,057.00 Nsr contentble debentures' Seres t, wries It and ertes 12,000.00 193.341 3J1,946.66 111 e Rcatty Off&e Management Sarvlees P r u s t Limited (es rarager to Knowledge Realty Trust) eat.e gures mey red aove are extracted (torr the wu dh te books ol account snder lying the standalore financial esuts 4 statern 20l6, g, ·nt tnd future cash flows anc e.crow arrant halace s ct read ty vathte for the asset held as ser o t, fat the calculation of asset cover ratio SIGNED FOR IDENTIFICATION " hers tolrn elso wdude he amou nt el £euty s at 0 pt e mn e r 20}6 n column H. r book value peeved Column D reflects the Trust's west nents n hs es of Die t, pro por ttorre t the {au vtue of underlying awets of DPt mortgaged to far ve ut total set of DPt ba t the: fan valuation etat. ved trr the uneudted books ot accounts underlying the tandatone tn a n a l teults / statements ot the tut as at 0 T·it a et 4a an w e t le Detentures Sentes I, Senes tl srd Swwes +ff, whct re ecured b a pert of the srnovatie property of De vbhum es(tars Prrvate Imtet as de fined n tle Debenture rust Deed, tong wrth ts prevent and future cashltows and ecraw account balance. T ban i e tut p ee o trd Column f tees the l u ts ietm en s n s ha r e of De vb-rm Rea@tars nvant s tm ted ta t and oan grven to R P t, pr opo rtoat et to the fa» value of under#yins ase ts qt DRPt mortgagec to tan value of total asses at DRPt basis the tar valuation extracted tom th e unaurhted boas at accounts underlying thee standalone fr incl es.as r statemenas ef the Trust as a J0 'e,tembet 2024 T-emare value dteed Column M effects the fat value of endertyung tr+estmert property ot DP! B at I0 Sett rnter 0, mort gagd as security, as de te rred by an wdependent valuer tn accordance w rt $zb RtII Regutatons. SR BC &CO LLP MUMBAI
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Exclusive Charge Excluswe Charge Pat.Passu Charge 56 19 61 f12.10 6 06' Q $5.19 56 19 Celumn N 64,057.00 Related to C o lu m n F C olum n .J C atryg'book valur tot Catying/book value for patn p s s t c h a r g e assets arket Value exclusive charge assets M , r t Value whore market value ts pot (IotalC to l) for Assets where m arket value ts not tor a n Passu s c e r ts o a b lr or charged on ascertainable or apphcabte Charge Assets applicable exclusive basis (t@ Bank batance 0Rn (Eg Ban balance, p9iA etc) etc) C olum n E m /n a tio n (arpoun! n n e g a t e Column H Assets not offered as Secunty 64 t 1: 26t 504 84 5.05 286.84 1 ' 6 40,313.76 6493 12 6.493.12 58 49 58.49 ' 6 0 7,759.60 0 ' 9 8 107.98 19163 49$ 1 2,361.52 35 96 32919 3.565 32 78 44 7 1 1 110.15 125 60 11 702 42 12.979 42 65.21137 3,32,801.84 6,79,036.20 033 34; 31.966.66 Book Value Column G Pan.assu Charge 5 1 9 +2 000 00 39,706 40 Book Value Column F P ai.assu C h arg e Ye4 Yest No Column E 4 60 236 17 621 57 1 16120 1 39 01 1 4 1.4t,3t4.78 C olum n D [l o o k V a le Column C Book Value Assets shared by pari Other assets on which Debt tor wtuch this Debt for w h ic h th is pissu debt holdcr (includes there 1$ p ri·p a s $ u certificate b e in g O tte r Secured D ebt certificate b e in g D ebt for w hich this charge su e d certificate is issued & O th e r (exclung ite m s d cb t w th p a rt p a s u c b a r u t) co ve re d in colurn "F ") o t a n n EH D e scrip tio n o assotter w h c t th.g cert ic se re!l ite (ptz acd hine it-m , if requitr«) tack E 2 ttav eyL Black Orwer 3tong w tt fornng sand f Know edge t y tuvtfurm» f e a r s Ft«ate .wmted Coln n A Debt Seartes to vwen this Non corvertpie etetures cert.hate pertats Sienies benes ti Aeries tit a n Bannues otter than Cash t ash ancu ast Et.varents rv e n tg e rvestrnets Total LIABILIT ES & ECUITY otters an C ast Eu.vateits rtan~tie Assets a u rta ronxn P re s s 'ta d e e e v a b e s Knowledge Realty Trust Security Cover fatio for the quarter ard half year ended Septemnber 30, 2028 Annoxure It Security Cover (Consolidated] jta n g tu r Assets o n e gevetowenl i t uf use Assets I Propen; Pram ao:i Equ pmenl t h e dert shantng pat+ p s cnaroe weh above debt Part-assu Secunty Cover - � - - - - - - - - - __._ ...,. , - - - - --'-' f!_ A .. ! 0 ,c.. _ Total Cover on Book Vlue Cover on Market Watue l 51.593 84 194 35 61.,788.10 $2,000.00 1.24 4.$f 22 158 26 106 32 22,264.69 20 6 0 E5 t 508 85 63 79 450 855 47 4.73.016.76 33.34 73.752.10 20.608.65 1.508.65 63.79 4,51,136 14 5,79,036.20 Notes. For Pai-Passu Charge he Trus has issue@ Mon Converie Debentures S t e s ' Ser es and Serves I wn eh are secuted by a pat of the mmovable property of De/pht n Realtors Pavate Lmteat as dehnet n tne Debenture Test Deed along wth ts present and tuture casntlows and escrow account battace Tne boos value presented m Column F etiects the co=y ng value ot the assets offered as secunty extracted trom the books of accounts under'y ng he unaudited consaated tnancr tesuts ot the Trust as at September 30 2026 The manet value usetoset « Column M etiezts tte teat va a t ot the pant at he nvestment property ot Devbnury Realtors Pnate Limited as at September 0, z076, nontggec as sec tty as eterrmwed oy au dependent valuer Otter No es +wont svovw t e ttes peaty Pr t and Euuprent ts the above table inc'utte amnautt pertang to investment Property and Property Fant and E3upment Aroount stown in wne teru Captar Wark-n·Progress -the bove tebte nch de amount pertmmng to Investment Property under development and Ceptat Work ogres Others cotamn also include the amount a E q ly as a Supfmbet 20 2026 «n column H Int buot vatue hgures» mentioner above ate rtracter tr o r the baa#s ot account underlying the unaudited consohwtatad financial results of the rust nw huet tv beseecognzed at ta value as on the date on wn ch the sad assets wete atqureu by the Trust) as at September 30 2026 SIGNED FOR IDENTIFICATION " @/ e Realty Ottice Management Servces Priate Limited (as manager to Knowledge Realty Trust) Pace Mu nba Date vovembet 03 2026 SR BC&CO LLP MUMBAI
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Knowledge Realty Trust Annexure Iii : Statement showing compliance of Financial Covenant of NCD Series I, Series Il and Series Ill as at September 30, 2026 As per terms of para 2 23 · f Schedule 5 of Debenture Trust Deeds ·DTDs) dated 22 September 2025 for NCD Senes- I) 06 February 2026 for NCD Senes - II) and 18 June 2026 (for NCD Senes - III) the financial covenant required to be comped by the Trust as at 30 September 2026 s as under Financial Covenant REIT level Net Total Debt to Net O ratinu Income (NOI) Calculation of Financial Covenants Note A Net Total Debt divided by NON Net Total Debt [refer Note ij Net Operating income Net Total Debt divided by NO (i/ii Note (i) Net Total Debt Note A ( Amount in Rs. Millions} 1,23,062.77 43,386.45 2.84 2.84 Not Exceeding 6.75 I Borrowings (Non Current & Current) 1 26,327 42 fl Accrued Interest 300 67 I Less - Consolidated Cash and Cash equivalents investments (3 565 32) Net Total Debt 1,23,062.77 Notes : a The computaton o Loan to Value rato and Loan to Value of Secured Assets s not appicable as at September 30 2026 since as per he terms ot para 2 23 0f Schedule 5 of the Debenture Trust Deeds dated 22 September 2025 (for NCD Senes -I) 06 February 2026 (fcr NCD Senes - ) and 13 June 2026 (for NCD Senes ) the Trust s recured to test comptrance wth these financial covenants on an annual ba ss re only on March 31st of each financial year b As per the terms a! para 2 23 at Schecule 5 of the Debenture Trust Deeds the iirst Financial Covenant Tesang Date tor the Net Totat Dept to Net Operatng Income rata shall be 30 September 2026 and tor the purposes af suc t testng the relevant eoc shall mean the penod of 12 months ending mmedataiy pnor to 30 September 2026 Accordingly the calculation for the above rato rs for the relevant perod from October 1 2025 to September 30 2026 For and on behalf of Knowledge Realty Office Management Services Private Limited {as manager to Knowledge Rea lty Trust) Pace Mumbai Date November 03 2026 SIGNED FOR IDENTIFiC~Ti~i] " - ' l SRBC&CO LLP [ 'MUMBA! J
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KNOWLEDGE REALTY TRUST acting through its manager – KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED (Formerly known as Trinity Office Management Services Private Limited) RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharashtra, India Corp. Office: Salarpuria, Windsor #3, 2nd Floor, Ulsoor Road, Sivan Chetty Gardens, Bangalore - 560042, Karnataka, India Registration No.: IN/REIT/24-25/0006 Telephone: +91 22 68684400 E-mail: info@knowledgerealtytrust.com Website: www.knowledgerealtytrust.com STATEMENT OF DEVIATION/VARIATION IN UTILISATION OF FUNDS RAISED THROUGH INITIAL PUBLIC OFFER OF UNITS OF KNOWLEDGE REALTY TRUST Name of Listed Entity Knowledge Realty Trust Mode of Fund Raising Initial Public Offering of Units of Knowledge Realty Trust Date of Raising Funds August 12, 2025 Amount Raised Rs. 48,000 million Report filed for Quarter Ended September 30, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation/Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the Unitholders Not Applicable If Yes, Date of Unitholders Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review None Comments of the auditors, if any None Set forth below are objects for which funds have been raised in the IPO and details of deviation, if any, in the following table: Original Object Modified Object, if any Original Allocation (Rs. in million) Modified Allocation, if any Funds Utilized (Rs. in million) Amount of Deviation/ Variation for the quarter according to applicable object Partial or full repayment or repayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entities NA 46,400 NA 46,400 NA Issue Expenses NA 1,600 NA 1,592.54 NA Total - 48,000 - 47,992.54 - Deviation or variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed Name of Signatory: Neeraj Toshniwal Designation: Chief Financial Officer Annexure B
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KNOWLEDGE REALTY TRUST acting through its manager – KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED (Formerly known as Trinity Office Management Services Private Limited) RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharashtra, India Corp. Office: Salarpuria, Windsor #3, 2nd Floor, Ulsoor Road, Sivan Chetty Gardens, Bangalore - 560042, Karnataka, India Registration No.: IN/REIT/24-25/0006 Telephone: +91 22 68684400 E-mail: info@knowledgerealtytrust.com Website: www.knowledgerealtytrust.com STATEMENT OF DEVIATION/VARIATION IN UTILISATION OF FUNDS RAISED THROUGH NON - CONVERTIBLE DEBENTURES OF KNOWLEDGE REALTY TRUST Name of Listed Entity Knowledge Realty Trust Mode of Fund Raising Non-Convertible Debentures of Knowledge Realty Trust Date of Raising Funds June 19, 2026 Amount Raised Rs. 6,000 million Report filed for Quarter Ended September 30, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation/Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the Unitholders Not Applicable If Yes, Date of Unitholders Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review None Comments of the auditors, if any None Set forth below are objects for which funds have been raised and details of deviation, if any, in the following table: Original Object Modified Object, if any Original Allocation (Rs. in million) Modified Allocation, if any Funds Utilized (Rs. in million) Amount of Deviation/ Variation for the quarter according to applicable object Partial or full repayment or repayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entities - 6,000.00 - 6,000.00 - Total - 6,000.00 - 6,000.00 - Deviation or variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed Name of Signatory: Neeraj Toshniwal Designation: Chief Financial Officer