Horizon Industrial Parks Ltd

Deutsche Bank AG, Singapore Branch, acting as agent, has disclosed the creation of an encumbrance under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This relates to equity shares of Horizon Industrial Parks Limited held by three entities: BREP Asia II Indian Holding Co VI (NQ) Pte. Ltd., BREP Asia II EIP Holding (NQ) Pte. Ltd., and BREP Asia III India Holding Co III Pte. Ltd. Collectively, these borrowers hold approximately 75.40% of the target company's total share capital. The encumbrance is in favor of Deutsche Bank AG, Singapore Branch, and other lenders as security for a term loan facility of up to USD 480,000,000.

Horizon Industrial Parks Ltd received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure clarifies that promoter entities, including BREP Asia II Indian Holding Co VI (NQ) Pte. Ltd., BREP Asia II EIP Holding (NQ) Pte. Ltd., and BREP Asia III India Holding Co III Pte. Ltd., have agreed to certain covenants under a facility agreement that are in the nature of encumbrance on their shares in Horizon Industrial Parks. However, the company explicitly stated that these promoter entities have not created any direct pledge on the equity shares of Horizon Industrial Parks Limited. Instead, the parents of these promoter entities have created a pledge over their holdings in the respective promoter entities to secure the facility.

Horizon Industrial Parks Limited has disclosed encumbrances on shares held by its promoters, BREP Asia II Indian Holding Co VI (NQ) Pte. Ltd., BREP Asia II EIP Holding (NQ) Pte. Ltd., and BREP Asia III India Holding Co III Pte. Ltd. These encumbrances are in the nature of covenants under a facility agreement, where the parents of these promoters have created pledges over their holdings in the respective promoter entities. The disclosure clarifies that the promoters themselves have not directly pledged their equity shares in Horizon Industrial Parks Limited. The reporting date for this disclosure is September 30, 2026.

Horizon Industrial Parks Limited has announced a change in its Corporate Identification Number (CIN) from ‘U60231MH2009PLC222156’ to ‘L60231MH2009PLC222156’. This change, approved by the Registrar of Companies, Mumbai-I, signifies the company's transition from an 'Unlisted' to a 'Listed' status. The company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on August 24, 2026. The Ministry of Corporate Affairs (MCA) has updated the company's status accordingly. The filing includes a copy of the company's master data from the MCA website for reference.

Horizon Industrial Parks Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be effective from October 1, 2026, and will reopen 48 hours after the announcement of the unaudited financial results for the quarter and half-year ended September 30, 2026. Designated persons and their immediate relatives are prohibited from trading in the company's securities during this period.

Horizon Industrial Parks announced its first earnings post-listing for the quarter ended June 30, 2026. The company reported a strong performance with revenue growing 23% year-on-year to ₹2,005 million and EBITDA increasing by 36% year-on-year to ₹1,610 million, maintaining healthy margins at 80%. Key operational highlights include leasing 1.9 million square feet (msf) and adding 9 new customers, with a significant portion dominated by industrial clients. The company is on track to achieve 6.5 msf leasing and 6 msf development in FY27. Post-IPO, Horizon completed deleveraging, reducing net debt to ₹25 billion with a Loan-to-Value (LTV) of 12.5%, strengthening its balance sheet for future growth.

Horizon Industrial Parks Ltd announced its unaudited financial results for the quarter ended June 30, 2026, both on a consolidated and standalone basis. The Board of Directors approved these results, along with a Limited Review Report from the statutory auditors, M S K C & Associates LLP and S G C O & Co. LLP, which carried an unmodified opinion. The review confirmed that the financial statements were prepared in accordance with Indian Accounting Standard 34 and other accepted accounting principles, and that no material misstatements were found.

Horizon Industrial Parks' first quarterly print as a listed company shows a consolidated (primary basis) net loss of ₹11.6 Cr for Q1 FY27, against a ₹65.5 Cr loss a year ago — an 82% YoY narrowing — but a reversal from Q4 FY26's slim ₹0.6 Cr profit. Revenue from operations grew 23.1% YoY and 6.6% QoQ to ₹200.5 Cr, landing at the top of the ₹180–200 Cr range we flagged pre-result, so the growth story the FY26 numbers (77% revenue growth) implied held up in Q1. The swing back to loss versus Q4 traces to costs below the revenue line, not a topline miss: finance costs rose 11% QoQ to ₹131.3 Cr (still down 2.9% YoY) even before the post-quarter IPO deleveraging, and depreciation rose 6.7% QoQ / 33.9% YoY to ₹76.5 Cr as more assets came online. Computed EBITDA margin works out to roughly 80% this quarter — essentially flat with FY26's full-year 79.2% margin, but short of the 85–88% range we'd expected pre-result, so margin expansion is not yet showing up even as revenue scales. Standalone PAT of ₹63.5 Cr is a holding-company artefact (₹77.1 Cr of other income, chiefly upstream dividends/interest from subsidiaries) and should not be read against the consolidated loss as a contradiction. Coverage of this stock remains thin six weeks post-listing, so there is no formal street consensus to benchmark against; against our own pre-result expectations, revenue and finance costs landed in range while EBITDA margin came in below the guided band. Screener data corroborates the ~79% FY26 EBITDA margin and notes analysts had flagged a lower interest burden as the path to PAT breakeven in FY27 — a thesis Q1's YoY loss-narrowing is broadly consistent with, though the QoQ reversal shows that path isn't linear. Management has not issued formal guidance on record, and no press release commentary was available to check against the numbers. Post-quarter, the company completed its ₹2,600 Cr IPO (listed August 24, 2026) and subsidiary Vidarbha Cargo received a ₹40 Cr Maharashtra government capital subsidy for its Ultra Mega Logistics Park (capitalized against asset cost, no P&L impact this quarter) — neither shows up in these Q1 numbers but both bear on the deleveraging question the pre-result preview raised. Going into Q2, the read-through is whether IPO proceeds now deployed against debt bring finance costs down from ₹131.3 Cr, and whether EBITDA margin recovers toward the 85–88% band as the newer assets (driving the D&A jump) start contributing revenue rather than just cost.

Horizon Industrial Parks Ltd has issued an invitation to investors for a conference call scheduled for Friday, September 11, 2026, at 5:00 p.m. (IST). The call will take place following a Board Meeting and will focus on discussing the company's Q1 FY27 results and business updates. Key management personnel, including Urvish Rambhia (Whole Time Director and Chief Executive Officer) and Kunal Harun Shah (Chief Financial Officer), will be present to address investor queries. Dial-in details and a registration link for the event are provided. The company also included a standard disclaimer regarding forward-looking statements.

Horizon Industrial Parks Ltd announced that its Board of Directors has approved the re-appointment of Mr. Asheesh Mohta as Director, subject to shareholder approval at the upcoming 17th Annual General Meeting (AGM). The AGM is scheduled for September 30, 2026. The company also confirmed its status as a listed entity since August 24, 2026, and previously approved its audited financial results for the year ending March 31, 2026.