Knowledge Realty Trust Appoints Statutory Auditors for FY27–FY29 and Schedules First Annual Meeting of Unitholders for July 10, 2026
Auditor Appointment and First Annual Meeting Scheduled
Knowledge Realty Trust appointed M/s S R B C & Co LLP as statutory auditors and iVAS Partners as independent valuer for FY27-FY29, and scheduled its First Annual Meeting for July 10, 2026. The Board of Directors of Knowledge Realty Office Management Services Private Limited, the Manager to the Trust, approved the appointment at its meeting held on June 17, 2026.
Meeting Details and Voting Schedule
The meeting is scheduled for July 10, 2026, at 11:00 Hrs (IST) through Video Conferencing and Other Audio Visual Means, with the venue deemed to be the principal place of business at One BKC, Bandra Kurla Complex, Mumbai.
Unitholders will consider and approve the audited standalone and consolidated financial statements, the appointment of the statutory auditors and valuer, and the valuation report of the portfolio as at March 31, 2026. The remote e-voting period commences on July 7, 2026, at 09:00 HRS (IST) and concludes on July 9, 2026, at 17:00 HRS (IST). The cut-off date for determining unitholder eligibility to vote is July 3, 2026.
FY26 Performance Highlights
The Trust reported pro forma revenue of ₹ 45,772 million and NOI of ₹ 40,484 million for FY 2025-26, distributed ₹ 21,019 million to unitholders, maintained 92% committed occupancy across its 46.5 msf portfolio, and reduced its LTV to 18% with an average cost of debt of 7.2%.
In-place rents grew 7% YoY, and the company realized a leasing spread of 26% during the year. Under-construction developments in Bengaluru representing approximately 1.2 msf are nearing completion, and construction of a new 1.4 msf office block at Sattva Global City was commenced during the year.
Portfolio Composition and Market Position
The Trust's portfolio is concentrated in Bengaluru (29% of GAV), Hyderabad (29% of GAV), and Mumbai (32% of GAV), with 95% of GAV in India's best-performing office markets. Knowledge Realty Trust, co-sponsored by Sattva and Blackstone, is India's largest REIT and most geographically diverse office REIT. Its portfolio comprises 29 best-in-class Grade-A office assets totalling 46.5 million square feet as of March 31, 2026, with 37.2 million square feet of Completed Area, 2.6 million square feet under construction area and 6.6 million square feet of future development area spread across 6 cities in India.
Balance Sheet and Growth Capacity
IPO proceeds were primarily directed towards debt repayment, reducing the loan-to-value ratio from 31% to 18%. Active debt management reduced the blended cost of debt by 140 bps to 7.2% as at March 31, 2026. The Reit's Rofo pipeline includes four assets, all from Sattva Developers — the Reit's co-sponsor alongside Blackstone — spanning 6.7 msf across three Indian cities.