Bagmane REIT Board Approves Debt Facility, Reviews Q4 Results and Financial Status
Bagmane Prime Office REIT, managed by Bagmane Realty Investment Manager Private Limited (BRIMPL), has announced several key outcomes from its recent Board of Directors meeting held on June 3, 2026. The REIT approved the audited financial results for the quarter ended March 31, 2026, and authorized strategic actions including a major debt facility and the redemption of outstanding debentures.The Board took several critical decisions, including approving the Audited Financial Results for the quarter ending March 31, 2026, and for the period spanning May 30, 2025, to March 31, 2026. Additionally, the REIT approved the constitution of an Executive Committee empowered to raise debt in tranches up to 15% of the Loan-to-Value Ratio (LTV) through any permissible means, including refinancing existing obligations.
A significant operational approval involved the REIT availing a financial facility amounting to ₹15,000 million for the refinancing of existing debt belonging to Holdco/SPVs and general corporate purposes. The Board also approved the redemption of Outstanding Optionally Convertible Debentures (OCDs) issued by Bagmane Developers Private Limited (Holdco) and held by Bagmane REIT, in line with governing terms and transaction documents.
Financial Performance Overview
The financial results for the quarter ending March 31, 2026, show a loss of ₹1.06 million in total comprehensive income. For the entire period from May 30, 2025, to March 31, 2026, the Trust recorded a Loss for the period amounting to ₹2.57 million (Aundited).As of March 31, 2026, the REIT's financial position stood as follows:
| Particulars | Amount (INR Million) |
|---|---|
| Total Assets | 64.40 |
| Total Liabilities and Equity | 64.40 |
| Net Assets / (Liabilities) | (2.57) |
The audited financial results for the quarter were reviewed by the Audit Committee of the Manager and approved by the Board of Directors of the Manager. The REIT’s statutory auditor, S.R. Batliboi & Associates LLP, confirmed that no modified opinion was expressed regarding the Audited Financial Results of Bagmane REIT for the specified periods.
Future Distributions and Operational Updates
Regarding future returns, Bagmane REIT confirmed that its first distribution subsequent to the listing date of May 14, 2026, will be made in respect of the financial quarter ending June 30, 2026 (Q1 FY 2026-27).The Trust has not issued any unit capital as of March 31, 2026. Furthermore, the REIT does not hold any real estate assets or investment in Special Purpose Vehicles (SPVs) as at March 31, 2026.
BAGMANE Stock Price Movement
As of 1:02 PM, shares of Bagmane Prime Office REIT slip by 0.13% in live trading, currently priced at ₹103.75. The stock is nearing its intraday low of ₹103.5, amid a trading volume of 276,200 shares 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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