Mindspace Business Parks REIT Shareholders Approve Financials and Appoint New Auditors and Valuer
Mindspace Business Parks REIT saw its resolutions passed by unitholders during the 6th Annual Meeting (AM) held on July 24, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means, included decisions regarding the adoption of audited financial statements, approval of the portfolio valuation report, and the appointment of new statutory auditors and a valuer.The Unitholder Annual Meeting for Mindspace REIT was held on Friday, July 24, 2026, at which Chandrasekaran Associates, Practicing Company Secretaries, served as the Scrutinizer to oversee the remote e-voting and e-voting process. The meeting's primary purpose included considering four key resolutions that were ultimately approved with requisite majority by the unitholders.
The approved resolutions covered corporate governance, financial oversight, and asset valuation for the REIT portfolio.
Key Outcomes of the 6th Annual Meeting:
- Financial Statements Adoption: Unitholders considered, approved, and adopted the Audited Standalone and Consolidated Financial Statements of Mindspace Business Parks REIT for the financial year ended March 31, 2026, along with reports from the Statutory Auditors and the Report on Performance.
- Valuation Report Approval: The valuation report issued by M/s KZEN Valtech Private Limited for the portfolio as at March 31, 2026 was approved by the unitholders.
- Valuer Appointment: Mr. Vijay Arvindkumar C (IBBI Registration No. IBBI/RV/02/2022/14584) was appointed as the Valuer of Mindspace Business Parks REIT.
- Statutory Auditors Appointment: M/s B S R & Co. LLP, Chartered Accountants, were approved as the Statutory Auditors for a period of 5 consecutive years, spanning from financial year 2027-28 till financial year 2031-32, along with their fees.
Voting Results Summary
The voting results for the various resolutions demonstrate strong support across all categories (Promoter and Promoter Group, Public - Institutions, and Public - Non Institutions).| Resolution | Total Votes Cast | Votes in Favour | % In Favour on Poll Votes | Outcome |
|---|---|---|---|---|
| Financial Statements Adoption (Resolution 1) | 560,103,362 | 560,102,700 | 100.0000% | Passed |
| Valuation Report Approval (Resolution 2) | 560,103,109 | 560,102,427 | 100.0000% | Passed |
| Appointment of Valuer (Resolution 3) | 560,232,212 | 560,180,818 | 100.0000% | Passed |
| Statutory Auditors Approval (Resolution 4) | 560,237,028 | 560,235,618 | 100.0000% | Passed |
Detailed Voting Data per Resolution
The voting patterns for the resolutions show consistent approval across all types of unitholders—Promoters/Promoter Group, Public Institutions, and Public Non-Institutions.Voting Details for Financial Statements Adoption (Resolution 1):
| Category | Total Unitholders Voted | Votes Cast in Favour | Votes Cast Against | % In Favour on Poll Votes |
|---|---|---|---|---|
| Promoter and Promoter Group | 445,423,863 | 434,589,671 | 0 | 100.0000% |
| Public - Institutions | 139,180,425 | 125,243,644 | 0 | 100.0000% |
| Public - Non Institutions | 77,389,194 | 269,385 | 662 | 99.7549% |
| Total | 661,993,482 | 560,103,362 | 662 | 99.9999% |
Voting Details for Valuation Report Approval (Resolution 2):
| Category | Total Unitholders Voted | Votes Cast in Favour | Votes Cast Against | % In Favour on Poll Votes |
|---|---|---|---|---|
| Promoter and Promoter Group | 445,423,863 | 434,589,671 | 0 | 100.0000% |
| Public - Institutions | 139,180,425 | 125,243,644 | 0 | 100.0000% |
| Public - Non Institutions | 77,389,194 | 269,386 | 662 | 99.7549% |
| Total | 661,993,482 | 560,103,109 | 682 | 99.9999% |
Voting Details for Appointment of Valuer (Resolution 3):
| Category | Total Unitholders Voted | Votes Cast in Favour | Votes Cast Against | % In Favour on Poll Votes |
|---|---|---|---|---|
| Promoter and Promoter Group | 445,423,863 | 434,589,671 | 0 | 100.0000% |
| Public - Institutions | 139,180,425 | 125,373,266 | 50,414 | 99.9598% |
| Public - Non Institutions | 77,389,194 | 269,276 | 980 | 99.6361% |
| Total | 661,993,482 | 560,232,212 | 1,410 | 99.9908% |
Voting Details for Statutory Auditors Approval (Resolution 4):
| Category | Total Unitholders Voted | Votes Cast in Favour | Votes Cast Against | % In Favour on Poll Votes |
|---|---|---|---|---|
| Promoter and Promoter Group | 445,423,863 | 434,589,671 | 0 | 100.0000% |
| Public - Institutions | 139,180,425 | 125,378,062 | 0 | 100.0000% |
| Public - Non Institutions | 77,389,194 | 269,296 | 1,410 | 99.4764% |
| Total | 661,993,482 | 560,237,028 | 1,410 | 99.9997% |
MINDSPACE Stock Price Movement
Mindspace Business Parks REIT shares edged higher on Monday, climbing 2.02% to close at ₹494.07. The security was actively traded, with a volume tallying 81,184 shares during the session.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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