News ArticleMindspace REIT Declares Rs. 6.67 Per Unit Distribution and Rs. 565.1 Net Asset Value as of September 30, 2026
Distribution of Rs. 4,451.50 million approved for Q2 FY2026-27; proposed REIT name change and director reappointment also approved
Mindspace REIT announced Rs. 6.67 per unit distribution totaling Rs. 4,451.50 million for Q2 FY2026-27, declared a net asset value of Rs. 565.1 per unit as of September 30, 2026, and approved a name change to Mindspace REIT, subject to approvals. The REIT also reported its unaudited financial results for the quarter and half year ended September 30, 2026.
Mindspace Business Parks REIT
General / Other
Mindspace Business Parks REIT announced a Rs. 6.67 per unit distribution aggregating to Rs. 4,451.50 million for the quarter ended September 30, 2026, declared a net asset value of Rs. 565.1 per unit, and approved key governance matters at its November 2, 2026 board meeting.
The distribution of Rs. 6.67 per unit comprises a dividend of Rs. 4.17 per unit totaling Rs. 2,760.51 million and repayment of Holdco/SPV debt of Rs. 2.50 per unit aggregating Rs. 1,654.98 million. The record date for this distribution is November 5, 2026, with payment expected on or before November 13, 2026.
Mindspace Business Parks REIT reported its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, approved following the Audit Committee's recommendation and accompanied by limited review reports from statutory auditors.
The Board approved re-appointment of Mr. Manish Kejriwal as a Non-Executive Independent Director for a second five-year term starting February 2, 2027, subject to shareholder approval.
The REIT plans to change its name from 'Mindspace Business Parks REIT' to 'Mindspace REIT', pending unitholder and regulatory approvals.
Following amendments in the Income-tax Act, 2025, all HoldCos/Asset SPVs of Mindspace REIT will adopt the new tax regime for the financial year 2026-27.
Highlights
- Declared Net Asset Value of Rs. 565.1 per unit as of September 30, 2026, based on valuation report dated October 28, 2026.
- Approved total distribution of Rs. 6.67 per unit, aggregating Rs. 4,451.50 million for Q2 FY2026-27.
- Distribution comprises Rs. 4.17 dividend per unit and Rs. 2.50 repayment of Holdco/SPV debt per unit.
- Record date for distribution is November 5, 2026; payment by November 13, 2026.
- Re-appointment of Mr. Manish Kejriwal as Independent Director for five years starting February 2, 2027, subject to approval.
- Proposed REIT name change to 'Mindspace REIT' subject to unitholder and regulatory approvals.
Key Data Snapshot
What happened
- Mindspace Business Parks REIT approved Q2 and half year unaudited financial results ended September 30, 2026.
- Declared net asset value (NAV) of Rs. 565.1 per unit as of September 30, 2026, based on a valuation report by a registered valuer.
- Declared a total distribution of Rs. 6.67 per unit aggregating Rs. 4,451.50 million for the quarter ended September 30, 2026.
- Distribution comprises Rs. 4.17 per unit dividend and Rs. 2.50 per unit repayment of Holdco/SPV debt.
- Record date set as November 5, 2026, with payment on or before November 13, 2026.
Key details
- The financial results were reviewed and recommended by the Audit Committee and supported by limited review reports from statutory auditors.
- Re-appointment of Mr. Manish Kejriwal as Non-Executive Independent Director for five years effective February 2, 2027, subject to shareholder approval.
- Proposal to rename 'Mindspace Business Parks REIT' to 'Mindspace REIT' subject to unitholder and regulatory approvals.
- HoldCos/Asset SPVs of the REIT to adopt the new tax regime for FY 2026-27 following amendments in Income-tax Act, 2025.
Regulatory and governance context
- Distribution complies with Securities and Exchange Board of India Real Estate Investment Trusts Regulations, 2014, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- Net Asset Value determined according to REIT regulations based on valuation by a registered valuer under the Insolvency and Bankruptcy Board of India.
- Changes in corporate governance include director re-appointment and REIT name change requiring relevant approvals.
Highlights
- Declared Net Asset Value of Rs. 565.1 per unit as of September 30, 2026, based on valuation report dated October 28, 2026.
- Approved total distribution of Rs. 6.67 per unit, aggregating Rs. 4,451.50 million for Q2 FY2026-27.
- Distribution comprises Rs. 4.17 dividend per unit and Rs. 2.50 repayment of Holdco/SPV debt per unit.
- Record date for distribution is November 5, 2026; payment by November 13, 2026.
- Re-appointment of Mr. Manish Kejriwal as Independent Director for five years starting February 2, 2027, subject to approval.
- Proposed REIT name change to 'Mindspace REIT' subject to unitholder and regulatory approvals.
Disclosures
- SEBI (Real Estate Investment Trusts) Regulations, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Income-tax Act, 2025
Source Information
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