Interim report
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K Raheja Corp Investment Managers Private Limited (acting as the Manager to Mindspace Business Parks REIT) Corporate Identification Number (CIN): U68200MH2023PTC406104 Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 +91 - 22 - 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com November 02, 2026 To, The Listing Department The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Scrip Symbol: “MINDSPACE” (Units) The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Scrip Code “543217” (Units) and Scrip Codes “974075”, “975068”, “975537”, “975654”, “975763”, “976198”, “976691”, “977043”, “977120”, “977297”, “977350”, “977614”, “977771”, “978031” and “978082” (Non-Convertible Debentures) and Scrip Codes “731549” and “731985” (Commercial Papers) Subject: Outcome of the meeting of the Board of Directors of K Raheja Corp Investment Managers Private Limited (acting as the Manager to Mindspace Business Parks REIT) (“Manager/Company”) held on November 02, 2026 Dear Sir/Madam, Pursuant to Regulation 23(5) and other applicable provisions, if any, of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended, read with circulars and guidelines issued thereunder from time to time (“REIT Regulations”) and Securities and Exchange Board of India (Listing Obliga tions and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), to the extent applicable and other applicable law(s), if any, we wish to inform you that the Board of Directors (“Board”) of the Manager, at its meeting held on Monday, November 02, 2026, has, inter-alia, considered and approved the following: 1. Basis the recommendation of the Audit Committee, the unaudited Standalone and Consolidated Financial Results and the unaudited condensed Standalone and Consolidated Financial Statements of Mindspace Business Parks REIT (“MREIT”) for the quarter and half year ended September 30, 2026 and took on record the limited review reports issued by the Statutory Auditors thereon (enclosed as Annexure 1). The details of related party transactions are set out at Note No. 4 of the unaudited Standalone Financial Results and at Note No. 7 of the unaudited Consolidated Financial Results of MREIT. As a part of good corporate governance practice, MREIT would be publishing the unaudited Consolidated Financial Results of MREIT for the quarter and half year ended September 30, 2026 in the newspaper(s). 2. Declared Net Asset V alue of Rs. 565.1 per unit for MREIT as on September 30, 2026, as per Regulation 10(22) of the REIT Regulations, as amended, based on the Valuation Report dated October 28, 2026 issued by Mr. Vijay Arvindkumar C, registered as a valuer with the Insolvency and Bankruptcy Board of India (“IBBI”), Valuer of MREIT. The computation of Net Asset Value is set out in ‘Statement of Net Assets at Fair Value’ of the unaudited Standalone Financial Results and Consolidated Financial Results. 3. Basis the recommendation of the Audit Committee, the distribution of Rs. 6.67 per unit aggregating to Rs. 4,451.50 million for quarter ended September 30, 2026 , which comprises dividend of
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K Raheja Corp Investment Managers Private Limited (acting as the Manager to Mindspace Business Parks REIT) Corporate Identification Number (CIN): U68200MH2023PTC406104 Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 +91 - 22 - 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com Rs. 4.17 per unit aggregating to Rs. 2,760.51, repayment of Holdco/SPV debt of Rs. 2.50 per unit aggregating to Rs. 1,654.98 million. We also wish to inform you that the Record Date for the distribution to unitholders for quarter ended September 30, 2026, is Thursday, November 5, 2026, and the payment of distribution will be made on or before Friday, November 13, 2026. 4. Basis the recommendation of the Nomination and Remuneration Committee, the re-appointment of Mr. Manish Kejriwal (DIN: 00040055) as a Non-Executive Independent Director, for a second term of five (5) consecutive years with effect from February 2, 2027 , subject to the approval of the shareholders of the Manager. 5. Change in the name of “Mindspace Business Parks REIT ” to “Mindspace REIT”, and the consequent amendment to the Trust Deed and other relevant documents of the REIT, subject to the approval of the unitholders of Mindspace Business Parks REIT and such other statutory and regulatory approvals, as may be required. Also, kindly note that pursuant to the amendment in Income-tax Act, 2025, certain HoldCos/Asset SPVs of MREIT have decided to opt for the new tax regime for the current financial year. Consequently, all HoldCos/Asset SPVs shall be in the new tax regime for FY 2026-27. The above information shall also be made available on MREIT’s website at: https://www.mindspacereit.com/investor-relations/stock-exchange-filings Please take the same on your record. Thanking you. Yours faithfully, For and on behalf of K Raheja Corp Investment Managers Private Limited (acting as the Manager to Mindspace Business Parks REIT) Mridul Gupta Compliance Officer and Company Secretary Encl.: As Above
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Deloitte Chartered Accountants Commerz Ill, 30th & 31st floors International Business Park Oberoi Garden City Haskins & Sells LLP Off. Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF UNAUDITED STANDALONE FINANCIAL RESULTS To The Board of Directors, K Raheja Corp Investment Managers Private Limited (The "Manager") (Acting in capacity as the Manager of Mindspace Business Parks REIT) 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of MINDSPACE BUSINESS PARKS REIT ("the REIT") for the quarter and half year ended 30 September 2026 ("the Statement"), being submitted by the Manager pursuant to the requirement of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended, including any guidelines, circulars, and master circulars issued thereunder (together referred to as the "REIT Regulations"), and pursuant to requirement of Regulations 52 and 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Manager and approved by the Manager's Board of Directors, has been prepared in accordance with the REIT Regulations, Listing Regulations, recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("ICAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Manager's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing issued by the ICAI and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, has not been prepared in accordance with the REIT Regulations prevailing over certain Ind AS requirements, as explained in the Emphasis of Matter paragraph 5 below, and the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of the REIT Regulations, Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: MB-8737 Annexure 1
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I\IINDSPACf. lll/SJNESS PAHKS REIT RN: IN/RE I J'/19-20/ll(!IIJ Statement ol Cons<Jlidalcd Financial Results for the Quarter and llalfycar ended 30 September 2026 (All amounts in Hs. million unless otherwise stated) Particul:1rs Revenue l'rom opc1.ir'n11s !rcrer note I) Other inrnmc (1clc1 r.otc 11 Total Income Expenses Cost or ,nalerials sold Cost or pt,,\'CI rurcl1ascd Emplnyee 1,cncl":ts npense (refer note 22) Mc11�c1gemcnt fees (1t..:li:r n0le 4) Rt:paiis :md mai11c,.;1�nct.! Electricity 1valcr and tl:esel �hari;cs Propel ty ta� Other expenses I refer note 3) Total expenses Earnings before lina111.:t costs, depreciation and amortisation, reguh,tory intomc / expense-, cxccptionnl items anrl tax Finance costs Depreciation nncl amn1 llsntion �xpcnse Profit before rak regulated aclivitics, exceptional items anti tax Add. Regu\ai,m income, (expense) (nel) i\dd: Regulat01, 111cun1c/(e,pense) (net) 1n respect of earlier periods Profit before ex�•·ptional items aml tax Exccplionr.l items Ider note 21) Profit hcfore tax Current lax I rel·e, nn:e 23) Dererred tax charge (crecl'l) (refer note 23) Tax expense Profit for the period/ year Profit for the period/ year attrihutahle to unit holders of Mindspaec REIT Profit for the period/ year ,iltrihutahlc to non-controlling interests (NCI) For the quarter ended 30 Septem lwr 2026 (llnautlited) 1'"> l0.058 13 226 24 10,284.37 For the quarter em:ed 30 .June 2026 (Unautliletl) 9,464 38 230 44 9,694.82 For the quarter en<lcd 30 Septem bcr 2025 (Unaudited) 114> 7,720 09 186 13 7,906.22 For the half year eni. :_cl 30 September 202ii (llnautlitctl) 19,5�:'.' 51 4:'6 68 19,979.19 For the half year ended 30 September 2025 (Unaudited) 15,122 72 331.57 15,454.29 For the yci1r ended 31 t\larch 2026 (Audited) 32.163 46 767 41 32,930.87 35 4 21 4 :;54 23 7 296 231 96 253 21 258 33 4:;5 17 564 87 919 51 111 89 117 69 79 05 2"9 58 169 81 367 32 278 32 260 06 210 00 51.13 8 403.46 875 79 577 98 521 33 554 29 l .O'F) 31 C/76 78 2.164 78 374 42 385.57 260 83 7�9 99 549 41 1,043 86 284 70 248 18 195 85 532 88 387 08 8;2 02 512.03 541 24 404 82 1,0;;; 27 806 92 1.599 03 2,374.84 2,327.28 1,965.31 4,702.12 3,860.70 7,i85.27 7,909.53 3.073 16 1,368 56 3,467.81 39 26 I 13 3,508.20 3,508.20 7,367.54 2,561 24 1,194 63 3,611.67 43 72 l 12 3,656.51 3,656.51 5,940.91 2,040 67 I. I 80 13 2,720.11 49 03 8 57 2,777.71 (447.56) 2,330.15 15,277.07 5,63d 40 2,563 19 7,0; ll,48 �2 98 2.25 7,16 ... 71 7,HA.71 11,593.59 4,075 09 2.328 23 5,190.27 160 83 17 15 5,368.25 (447 56) 4,920.69 25,145.60 8.364 0 I 4.789 80 11,991.79 129 41 49 70 12,170.90 (447 56) 11,723.34 429 08 1,116 13 84.i 72 1Y5 21 1.650 47 3.635 os (1,712 74) (17774) 21753 (1,890.48) 334 37 1.145 71 11,283.66) 938.39 1,062.25 (345.27) 1,984.84 4,780.76 4,791.86 2.718.12 1,267.90 7,SOJ.98 2,935.85 6,942.58 4.66 I 45 130 41 * 2,618 73 9 �� rr . Cl.) "- t- 1,164 97 102 93 7.280 18 229 80 2,732.07 203. 78 6.518 58 424 00