Bagmane Prime Office REIT Annual Meeting Concludes; Key Resolutions Passed with Requisite Majority
The First Annual Meeting of the Unitholders of Bagmane Prime Office REIT concluded on Monday, July 20, 2026. The meeting saw the successful approval of all resolutions proposed in the notice dated June 25, 2026, regarding financial statements, auditor appointment, and independent consultant engagement.The meeting was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Axis Trustee Services Limited acted as the Trustee for Bagmane REIT, while the results of the voting process were scrutinized by Rupal D. Jhaveri. The remote e-voting period ran from Thursday, July 16, 2026, to Sunday, July 19, 2026.
The results confirmed that all three resolutions met the required majority threshold at the Annual Meeting. The consolidated voting outcomes are detailed below for each proposed resolution.
Resolution 1: Approval of Audited Financial Statements
The unitholders considered and approved the audited financial statements of Bagmane Prime Office REIT for the period from May 30, 2025 to March 31, 2026, along with the corresponding audit report. The voting results across remote e-voting and in-meeting e-voting were finalized as follows:| Outcome | Total Members Voted | Votes Cast in Favour | % of Valid Votes |
|---|---|---|---|
| In Favour | 184 | 3,096,808,531 | 100.0000% |
| Against | 5 | 578 | 0.0000% |
| Invalid Votes | 3 | 3,415,000 | - |
Resolution 2: Appointment of Statutory Auditor
The REIT's unitholders approved the appointment of S.R. Batliboi & Associates, LLP as the statutory auditor for the period from May 30, 2025 to March 31, 2026, covering financial years up to 2029-30.| Outcome | Total Members Voted | Votes Cast in Favour | % of Valid Votes |
|---|---|---|---|
| In Favour | 169 | 3,076,051,976 | 99.3297% |
| Against | 19 | 20,756,966 | 0.6703% |
Resolution 3: Appointment of Independent Valuer and Property Consultant
The meeting also approved the appointment of Kzen Valtech Private Limited as the independent valuer and Jones Lang LaSalle Property Consultants (India) Private Limited as the independent property consultant review services provider for the period from May 30, 2025 to March 31, 2026, covering financial years up to 2028-29.| Outcome | Total Members Voted | Votes Cast in Favour | % of Valid Votes |
|---|---|---|---|
| In Favour | 171 | 3,078,552,058 | 99.4105% |
| Against | 16 | 18,256,848 | 0.5895% |
Overview of Voting Statistics
The scrutiny reports confirmed the successful completion and integrity of the voting processes for both remote e-voting and in-meeting e-voting. The REIT reported a total of 26,328 unitholders on record date.A detailed breakdown of the public non institutional voter segment (a key component of the overall vote count) for Resolution No. 1 is presented in the table below:
| Voting Mode | Members Voted | Votes Cast in Favour | % of Valid Votes | Votes Cast Against |
|---|---|---|---|---|
| Remote E-voting | 23,0586,271 | 2,00,69,101 | 99.9971% | 578 |
| E-Voting at the AM | 737 | 737 | 100.0000% | 0 |
| Total Public Non Institutions | 23,05,86,271 | 2,00,69,838 | 99.9971% | 578 |
All resolutions detailed in the Annual Meeting Notice dated June 25, 2026 were confirmed as passed with the requisite majority on the date of the meeting.
BAGMANE Stock Price Movement
Today, Bagmane Prime Office REIT shares edged higher in the close, settling at ₹104.91 after gaining 0.30%. The equity move saw the stock reach its 52-week high, with a volume of 1.80 million shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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