Bagmane REIT Board Approves Audited Results, Debt Raise
Bagmane Prime Office REIT's Board of Directors, managed by Bagmane Realty Investment Manager Private Limited (BRIMPL), has approved the audited financial results for the quarter ended March 31, 2026, and the period from May 30, 2025, to March 31, 2026. The board also authorized the formation of an Executive Committee to raise debt up to 15% of the Loan-to-Value Ratio for refinancing and general corporate purposes. A financial facility of ₹15,000 million has been approved for refinancing existing debt and general corporate needs. Additionally, the redemption of outstanding Optionally Convertible Debentures (OCDs) issued by Bagmane Developers Private Limited has been approved. The REIT also announced its first distribution post-listing for the quarter ending June 30, 2026.
Key Highlights
- Audited financial results for Q4 FY26 and FY26 period approved.
- Executive Committee authorized to raise debt up to 15% LTV.
- ₹15,000 million financial facility approved for debt refinancing.
- Redemption of outstanding Optionally Convertible Debentures approved.
- First distribution for Q1 FY27 announced post-listing.
Price Impact
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