Mindspace Business Parks Reit · NSE:MINDSPACE.RR

Mindspace Business Parks Reit — Q1 FY27 Earnings Presentation

76 slides from Mindspace Business Parks Reit's earnings presentation, Aug 5, 2026

1. Slide 1: Q1 FY27 Investor Presentation

   Q1 FY27 Investor Presentation 5th August 2026

2. Slide 2: Disclaimer

   Disclaimer By attending the meeting where this presentation (“Presentation”) is made, or by reading the Presentation materials, you agree to be bound by the following limitations: This Presentation (a) is for information purposes only without regards to specific objectives, financial situations or n

3. Slide 3: Table of Contents

   Table of Contents Key Highlights 4 Key Highlights 4 01 Project Updates 10 Project Updates 10 02 Financial Update 19 Financial Update 19 03 Our Growth Drivers 24 Our Growth Drivers 24 04 India Office and AI 27 India Office and AI 27 05 Our Markets 33 Our Markets 33 06 Our Franchise Portfolio 41 Our F

4. Slide 4: Key Highlights

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5. Slide 5: Strong Financial Performance fueled by Sustained Demand for Grade-A Assets

   Strong Financial Performance fueled by Sustained Demand for Grade-A Assets 0.9 msf 95.8% (1) Like-to-Like basis Committed Gross Leasing Q1 FY27 Occupancy Sequentially up 0.1% 92.1%(2)including recently acquired Chennai assets INR 7,880 Mn INR 6.67 p.u (Q1 FY26 - INR 6,164 Mn) (Q1 FY26 – INR 5.79 p.u

6. Slide 6: Key Operating Indicators Q1 FY27

   Delivered Strong Operational performance Key Operating Indicators Q1 FY27 Gross Leasing 0.9 msf Re-leased Area 0.7 msf New and Vacant Area Leased 0.2 msf Average Rent for Area Leased INR 83 psf/Month Re-leasing Spread(1) 10.7 % on 0.8 msf Portfolio In-Place rent c. 81.0 psf/Month mindspacereit.com 1

7. Slide 7: Successfully completed and integrated two marquee assets into Portfolio

   Successfully completed and integrated two marquee assets into Portfolio Commerzone Pallikaranai One Radial TM(2) c. 2.6 msf c. 73.7%(1) c. 2.6 msf C. 56.7%(1) Total Leasable area Committed Occupancy Total leasable area Committed occupancy First Post-Acquisition Deal: Signed 45 ksf at INR 87 psf mNum

8. Slide 8: Modern and Sustainable workplaces attracting occupiers

   Modern and Sustainable workplaces attracting occupiers High Quality Portfolio with 11 out of 16(1) parks achieving an average of more than 96% committed occupancy levels 100% Committed Occupancy Across 6 96-99% Committed Occupancy Across 5 Parks spanning c. 7 msf Parks spanning c. 25 msf Q1 FY27 – K

9. Slide 9: Q1 FY27 – Healthy re-leasing spread of 10.7%

   Q1 FY27 – Healthy re-leasing spread of 10.7 %(1)(2) ~67% re-leasing visibility for 2.2 msf expiries in FY27E Overview of Lease Expiry and Re-leasing spread FY27 E Expiries Average 2.2 msf (3) Re-leasing Spread(2) 23.2 % (Since listing) 0.9 msf Expect to 1.3 msf Retain Expected Exits Average Annual c

10. Slide 10: Project Updates

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11. Slide 11: 4.7 msf of Upcoming deliveries during the year (1/2)

    4.7 msf of Upcoming deliveries during the year (1/2) Hyderabad Hyderabad Mindspace Madhapur Mindspace Madhapur (1A-1B Re-development) (7/8 Re-development) ▪ Leasable area: 1.5 msf ▪ Leasable area: 1.7 msf ▪ Status: Façade works in progress ▪ Status: 20th & Terrace floor slabs in progress ▪ Estimated

12. Slide 12: 4.7 msf of Upcoming deliveries during the year (2/2)

    4.7 msf of Upcoming deliveries during the year (2/2) Navi Mumbai Chennai Mindspace Airoli West Commerzone Pallikaranai (Building 7 - Data Center) (Block 1) ▪ Leasable area: 0.25 msf ▪ Leasable area: 1.2 msf ▪ Status: : 6th floor slab in progress ▪ Status 16th & Terrace floor slabs and façade works i

13. Slide 13: DC & mixed-use developments to complement the office portfolio

    DC & mixed-use developments to complement the office portfolio Hyderabad Navi Mumbai Navi Mumbai Mindspace Madhapur Mindspace Airoli West Mindspace Airoli East (B18 Hotel) (Building 11-Data Center) (B17 Mixed use) ▪ Leasable area: 0.5 msf ▪ Leasable area: 0.5 msf ▪ Leasable area: 0.9 msf ▪ Status: E

14. Slide 14: Launching a 1.1 msf office building in Mindspace Airoli West

    Launching a 1.1 msf office building in Mindspace Airoli West Portfolio to further unlock value at almost fully occupied park Perspective B17 0.9 MSF Q1FY30 • 1.1 (1) msf new proposed development • Park 99% occupied B17 0.9 MSF • Offers new age modern Q1FY30 supply for expansion/ consolidation to ten

15. Slide 15: Announcing park expansion to elevate campus experience at Pune

    Announcing park expansion to elevate campus experience at Pune PERSPECTIVE Perspective Hotel Perspective Office ▪ Combined area of 0.6(1) msf ▪ 225+ keys hotel pre-let to Chalet Hotels (2) ▪ Creates halo effect on the park, enhancing value mindspacereit.com 15 1. Subject to finalization of design an

16. Slide 16: Repurposing Office Block to Hotel at Financial District, Hyderabad

    Repurposing Office Block to Hotel at Financial District, Hyderabad Creating an integrated ecosystem Existing block to be re-purposed 150 keys hotel of c.265k(1) sq ft pre-let to Chalet Hotels (2) Unlocking development value by adding area of c.70k(1) sq ft to park as part of hotel m1.i n dSubject s

17. Slide 17: Pearl Club: An Inclusive Ecosystem for all Lifestyle & Business Needs

    Pearl Club : An Inclusive Ecosystem for all Lifestyle & Business Needs Trial operations at the Club are underway c. 130 ksf Exclusive and premium space Offers enriching entertainment, sports, lifestyle, recreation and dining experiences mindspacereit.com 17

18. Slide 18: Enhancing the Mindspace offering with a curated mix of amenities

    Enhancing the Mindspace offering with a curated mix of amenities Badminton | Squash | Indoor-Outdoor Cafes Bar and Lounge Tennis Yoga | Meditation | Aerobic State of the art gym facility Half Olympic Size Lap Pool Rooms mindspacereit.com 18

19. Slide 19: Financial Update

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20. Slide 20: Key Financial Indicators Q1 FY27

    Financial Performance Driven by Organic Cash Flows and Acquisitions Figures in INR Mn Key Financial Indicators Q1 FY27 (Y-o-Y) Revenue from Operations(1) 9,509 26.4% Net Operating Income(1) 7,880 27.8% Distribution 4,415 25.2% DPU 6.67 p.u 15.2% Loan to Value (2) 29.7% % Cost of Debt 7.42% p.a.p.m 1

21. Slide 21: NDCF Build-up Q1 FY27

    NDCF Build-up Q1 FY27 Particulars (INR Mn) Q1 FY27 Revenue from Operations(1) 9,509 Property Taxes & Insurance (263) Other Direct Operating Expenses (1,366) Net Operating Income (NOI) 7,880 Property Management Fees (233) Net Other Expenses (218) EBITDA(1) 7,429 Cash Taxes (Net of Refunds) (893) Work

22. Slide 22: Delivered Healthy Distribution Growth

    Delivered Healthy Distribution Growth Distribution overview Q1 FY27 Q1 FY27 Distribution Repayment of Capital, ₹3.33, 49.9% INR 4,415 Mn DPU ₹6.67 p.u. Dividend, ₹3.34, INR 6.67 p.u. 50.1% Yield 5.6% (1) Declaration Date Record Date Payment Date Key Dates On or before for Q1 FY27 05 Aug 2026 08 Aug

23. Slide 23: Balancing Debt and Growth

    Balancing Debt and Growth ₹ 1,54,053Mn 29.7% INR 4,081Mn 7.42% 2.9x Net Debt to Undrawn Committed Cost of Debt Net Debt (1) Interest Coverage Ratio(4) Market Value (1) Facilities (p.a.p.m) Weighted Average Maturity 4.7 years 773 Total INR Diversified Book with a mix of debentures and (mn) 35,148 39,

24. Slide 24: Our Growth Drivers

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25. Slide 25: Organic NOI Addition of over INR 17-18 Bn over next years

    Organic NOI Addition of over INR 17-18 Bn over next 3 years Delivery by year (msf) C. 2.8 Msf 4.7 10.2 msf of Under 3.9 Vacant construction + Future Area Development Leasing Recent C. 10.2 Msf (2) 0.6 1.1 Acquisitions Under C.INR (3) Development FY30 & FY27 FY28 FY29 later 17-18 Bn (1) Contractual M

26. Slide 26: Strong Value Creation Track Record

    g - 2 6 Strong Value Creation Track Record Sector-Leading NAV & DPU Growth reflecting sustained value creation and cashflow growth Last 1-year Last 3-years Occupancy Growth Robust leasing NAV CAGR 22% 12% DPU CAGR 10% (1) 8% Rental Buoyancy Core Markets Consistent NAV uptick and proven track record

27. Slide 27: India Office and AI

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28. Slide 28: GCC Momentum Remains Strong

    5-Aug-26 Strong GCC Value Creation Momentum Track Record Remains Strong India gross leasing 2025 GCC share, H1 2026 (pan-India) # of GCCs entering India c.83 41.7% 200+ mn sq ft, third record year of India gross leasing — a record Over last two years GCC share of overall India gross leasing (%) (1)

29. Slide 29: Portfolio Mix Evolving - Building AI resilient portfolio

    5-Aug-26 Strong Value Portfolio Creation Mix Evolving Track an - Building Record AI resilient portfolio Mindspace GCC + Hotel+ DC vs. 3rd party IT share of portfolio (%) (1) (2) • Rising contribution from GCCs, Data Centers and Hotels 59.4% 56.4% 58.4% 2.9% 2.7% 0.4% 2.2% 4.8% 4.5% • AI Adoption Dri

30. Slide 30: Asset Diversification through addition of complementary asset classes

    5-Aug-26 Strong Asset Value Creation Diversification Track through Record addition of complimentary asset classes Building one of the largest Office-first portfolio with adjacent asset classes enhancing value creation 3.4 msf of Portfolio by Area in asset classes other than Office c. 42.8 msf c. 1.7

31. Slide 31: Deepening Pre-commitments alongside Stable Leasing Tenures

    5-Aug-26 Strong Value Deepening Creation Track Pre-commitments Record alongside Stable Leasing Tenures – AI Impact Not Yet Visible Mindspace portfolio weighted average lease tenure on gross leasing (yrs) (1) 8.8 → 9.3 9.3 Leasing tenures continue to remain 8.8 stable & long-term oriented Despite noi

32. Slide 32: India's Structural Cost Advantage Intact

    5-Aug-26 StrongStructural India's Value Creation Track Record Cost Advantage Intact Indian delivery model basis India’s talent, construction and rental costs being substantially lower than developed markets Rental arbitrage Construction cost Talent cost ~89% ~92% ~80% Hyderabad lower vs Singapore Hy

33. Slide 33: Our Markets

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34. Slide 34: Indian Office Sector: Riding the Winds of Favorable Trends

    Indian Office Sector: Riding the Winds of Favorable Trends Emerging trends Rising GCC Return to in India’s Office Domestic landscape Office Market Occupiers 27 msf c. 42% c. 45% 80%-90% Net absorption in H1 % contribution of % share in overall Physical Occupancy CY2026(1) GCCs in office leasing acti

35. Slide 35: GCCs: India a preferred destination

    GCCs: India a preferred destination c. 34% 114.5 c. 2.1 c. 85% msf Mn % share of GCC in Total space leased GCC employees in Lower average India’s Grade A by GCCs since CY India(1) salary of engineers Office Occupied 2022-H1 CY2026(1) viz-a-viz developed Stock (1) countries(1) GCC Growth forecast 300

36. Slide 36: Hyderabad – Second largest Tech hub of India

    Hyderabad – Second largest Tech hub of India Progressive government policies and Infrastructure growth are key market drivers Hyderabad’s GCC Landscape 9.4 ~5.4 msf ~490+ ~18% Lakh Tech workforce in Telangana Leasing activity in H1 CY2026 (1) GCCs in Hyderabad(1) Hyderabad’s share of all driven by H

37. Slide 37: Madhapur as the preferred office market drives highest absorption in Hyderabad

    Madhapur as the preferred office market drives highest absorption in Hyderabad c.100 2nd 80 msf ~63% Rs psf (in Size) 55% share of City’s Share of net absorption since Highest rentals amongst all Largest micro market across office stock(1) CY 2019(1) micro markets(1) India (1) 1. (1)i n m (1) Source

38. Slide 38: Mumbai Region - Infrastructure projects driving office demand uptick

    Mumbai Region - Infrastructure projects upgrades driving office demand uptick Navi Mumbai – A Preferred Location with Accessible Talent 143 msf 3.0 msf Ranked amongst top 3 in terms of overall quality of living in India 3 Ranked rd , 2nd time in a row, in cleanliness index(1) in India Completed Stoc

39. Slide 39: Pune - Thriving Office Market with Excellent Social Infrastructure

    Pune - Thriving Office Market with Excellent Social Infrastructure SBD East Micro Market(1) 95.9 msf ~4.1 msf 53 msf 61% Completed Stock as on Avg. annual net absorption Q2 CY20266 (1) since CY 2019 (2) 56% share of City’s Share of net absorption office stock(2) since CY 2019(2) 85-90 Pune Airport c

40. Slide 40: Chennai - One of the key growth markets

    Chennai - One of the key growth markets South-West Micro Market(1) 86 msf ~3.9 24 msf 32% msf Completed Stock as on Average annual net 28% share of City’s Share of net absorption Q2 CY2026(1) absorption since 2019(1) office stock(2) since 2019 (1) Healthy net absorption since 2023 6.6 Chennai Airpor

41. Slide 41: Our Franchise & Portfolio

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42. Slide 42: Sponsored by One Of India's Leading Real Estate Group

    Sponsored by One Of India’s Leading Real Estate Group Over 6 Decades Pan India INR 553 Bn (4) of experience Market Capitalization presence of 3 listed entities Office Hospitality Malls Residential Retail Data Centre Developed Operates 300+ 250+ MW Leasable Area c.65 msf (1) c.5,000 + (2) keys 7 mall

43. Slide 43: Mindspace REIT's Presence in Key Office Markets

    Mindspace REIT’s Presence in 4 Key Office Markets Located strategically in established office micro-markets Mumbai Hyderabad Region 46.2 msf 16.5 msf Total Leasable Area 17.1 msf INR 519 Bn (1) Gross Asset Value Presence in Worli, Presence in BKC, Madhapur & Malad-Goregaon Financial District and mic

44. Slide 44: Delivered Robust Performance

    Delivered Robust Performance Cumulative distribution of INR 72.0 Bn since listing c. 31.4 msf (1) 7.2% CAGR Gross Leasing In-place rent(5) INR 119.0 pu 15.9% Cumulative DPU since Annualized returns(3) listing(2) 3.8 msf Delivered New c.9.2 Developments Area Acquired 7.42 % p.a.p.m. 29.7 % Cost of De

45. Slide 45: High Quality Office portfolio in Prime Locations (1/7)

    High Quality Office portfolio in Prime Locations (1/7) Mindspace Madhapur, Hyderabad 13.8 msf Leasable Area 10.1 msf Completed Area 98.9% Committed Occupancy Commerzone Raidurg, Hyderabad 1.8 msf Leasable Area 1.8 msf Completed Area 100.0% Committed Occupancy Data m i n das s pofa 30-Jun-26 cereit.c

46. Slide 46: High Quality Office portfolio in Prime Locations (2/7)

    High Quality Office portfolio in Prime Locations (2/7) Commerzone Kharadi, Pune 3.0 msf Leasable Area 3.0 msf Completed Area 100.0% Committed Occupancy Commerzone Yerwada, Pune 2.4 msf Leasable Area 1.8 msf Completed Area 97.0% Committed Occupancy mData i n d as s pofa c 30-Jun-26 ereit.com 46 Note:

47. Slide 47: High Quality Office portfolio in Prime Locations (3/7)

    High Quality Office portfolio in Prime Locations (3/7) The Square Nagar Road, Pune 0.8 msf Leasable Area 0.8 msf Completed Area 100.0% Committed Occupancy Commerzone Porur, Chennai 1.2 msf Leasable Area 1.2 msf Completed Area 100.0% Committed Occupancy Data m i n das s pofa 30-Jun-26 cereit.com 47

48. Slide 48: High Quality Office portfolio in Prime Locations (4/7)

    High Quality Office portfolio in Prime Locations (4/7) Mindspace Airoli East, Navi Mumbai 7.4 msf Leasable Area 5.0msf Completed Area 84.5% Committed Occupancy Mindspace Airoli West, Navi Mumbai 7.5 msf (Incl. Datacenter of 1.7 msf) Leasable Area 5.4 msf Completed Area 98.1% Committed Occupancy Data

49. Slide 49: High Quality Office portfolio in Prime Locations (5/7)

    High Quality Office portfolio in Prime Locations (5/7) Mindspace Malad, Mumbai 0.8 msf Leasable Area 0.8 msf Completed Area 98.6% Committed Occupancy The Square BKC, Mumbai 0.1 msf Leasable Area 0.1 msf Completed Area 100.0% Committed Occupancy The Square 110 Financial District, Hyderabad 0.9 (1) ms

50. Slide 50: High Quality Office portfolio in Prime Locations (6/7)

    High Quality Office portfolio in Prime Locations (6/7) Ascent – Worli, Mumbai 0.5 msf Leasable Area 0.5 msf Completed Area 96.7% Committed Occupancy The Square Avenue 98 (BKC Annex), Mumbai 0.2 msf Leasable Area 0.16 msf Completed Area 100.0% Committed Occupancy IT Building, Pune 0.1 msf Leasable Ar

51. Slide 51: High Quality Office portfolio in Prime Locations (7/7)

    High Quality Office portfolio in Prime Locations (7/7) Commerzone Pallikaranai, Chennai 2.6 msf Leasable Area 1.4 msf Completed Area 73.7% Committed Occupancy One Radial TM, Chennai 2.6 msf Leasable Area 2.6 msf Completed Area 56.7% Committed Occupancy Data m i n das s pofa 30-Jun-26 cereit.com 51

52. Slide 52: Diversified Portfolio of Marquee Tenants

    Diversified Portfolio of Marquee Tenants Top 10 tenants contributing 30.2% (Jun-26) vs. 32.7% (Mar-26) Diversified tenant mix across sectors Top 10 tenants Gross Contracted Rentals contribution (30.2%) (1) (1) % split by Gross Contracted Rentals % of total Gross Contracted Rentals Datacenter -1.9% #

53. Slide 53: Marquee Tenant Base

    Marquee Tenant Base Leading MNCs and Fortune 500 companies across sectors Technology Technology Financial Services Financial Services Diversified Diversified AMD Nvidia Barclays SMFG Smartworks Verizon Accenture Wipro Goldman StateStreet Hitachi energy Qualcomm Cognizant IBM B.A. Continuum Axis Brit

54. Slide 54: Re-energizing Parks

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55. Slide 55: Dynamic Environment, Vibrant Workspaces

    Dynamic Environment, Vibrant Workspaces mindspacereit.com 55

56. Slide 56: Energized Landscape for Business Excellence

    Energized Landscape for Business Excellence mindspacereit.com 56

57. Slide 57: Infusing modern design elements to elevate experience

    Infusing modern design elements to elevate experience Tailoring common areas to meet the evolving preferences of tenants mindspacereit.com 57

58. Slide 58: SOCIALising at Vantage Café in the Park

    SOCIALising at Vantage Café in the Park The first-ever SOCIAL in One of the largest SOCIAL Hyderabad OUTLETS in the country mindspacereit.com 58

59. Slide 59: Tenant Engagement Initiatives, Designed to Build Camaraderie

    Tenant Engagement Initiatives, Designed to Build Camaraderie MINDSPACE PREMIER LEAGUE MINDSPACE PREMIER LEAGUE IPC EVENT - CHENNAI YOGA CHAMPIONSHIP 2026 YOGA CHAMPIONSHIP 2026 IPC EVENT - CHENNAI IPL KNOCKOUTS LIVE – SCREENING IPL KNOCKOUTS LIVE – SCREENING IPC EVENT - CHENNAI mindspacereit.com 59

60. Slide 60: Value creation via ESG

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61. Slide 61: ESG - Key Highlights

    ESG - Key Highlights Scope 1+2 emission* 50.4% 54,298 tCO2e Renewable energy mix (33.4% reduction from FY20 baseline) 15,89,333 KL 45.6% of material Water Recycled sourced using sustainable sourcing* 12.3 msf INR 12 Bn Green Leased Area (as on 30 Sustainability linked Bond Jun’26) subscribed by IFC

62. Slide 62: Key Achievements and Awards

    Key Achievements and Awards Mindspace REIT: Real Estate Excellence • Pearl Club, Hyderabad became India's first IGBC New Buildings v4 Core & Shell Platinum-certified project. • The Asset Triple A Sustainable Finance Awards 2026 : Best Sustainability-Linked Bond – REIT (India) • Global CSR Sustainabi

63. Slide 63: Focus On High Corporate Governance Standards

    Focus On High Corporate Governance Standards Strong governance framework complemented by partnership with leading institutional investors Mindspace REIT: Top-Notch Standards 10 Member Board / Independent Chairman • 60% independent directors on the Board • Manager can be removed with 60% approval of

64. Slide 64: Shareholding Pattern

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65. Slide 65: Unitholding Pattern as on 30 June 2026

    Unitholding Pattern as on 30 June 2026 Unitholding Summary INR 32,736Cr 32.7% Market Cap(1) % Free- float 662 Mn units Unitholding Pattern (Market Cap : INR 327 Bn(1) ) AIF MF NIIs 0.4% 4.6% 9.4% Insurance 3.2% DIIs 2.7% Sponsors & Sponsor Group Public (Others) FIIs 67.3% 32.7% 12.4% Sponsors / Spon

66. Slide 66: Annexure

    11 Annexure

67. Slide 67: Strong NOI Growth Driven by Rental Growth and Contribution from Acquisitions

    Strong NOI Growth Driven by Rental Growth and Contribution from Acquisitions Revenue from Operations (INR Mn)(1) NOI (INR Mn)(1) % of NOI Assets Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Mindspace Airoli (E) 1,253 1,013 936 692 12% Mindspace Airoli (W) 1,442 1,235 1,147 940 15% Mindspace Malad 280 269

68. Slide 68: Structure of Mindspace REIT

    Structure of Mindspace REIT Unitholders Investment In Distribution Mindspace REIT Investment Manager Trust Trustee K Raheja Corp Investment Mindspace Business Parks REIT Axis Trustee Services Limited Managers Private Limited(1) SPV: SPV: K SPV: SPV: KRC SPV: SPV: SPV: SPV: SPV: SPV: Avocado SPV: SPV

69. Slide 69: Portfolio Summary

    Portfolio Summary 36.0 msf of Completed area with WALE of 7.3 years and MTM potential of 19.6%(1) Total Committed WALE on Leasable Completed UC/Future Occupancy In-place Rent Asset Occupancy area Area Area (msf) Area (msf) (%) (INR psf) (%) (years) (msf) Mindspace Airoli East 7.4 5.0 2.4 81.2% 84.5%

70. Slide 70: Breakup of Lease Expiry Profile

    Breakup of Lease Expiry Profile Asset Q2-Q4 FY27 FY28 FY29 Area Expiring % of Gross Rent at Area Expiring % of Gross Rent at Area Expiring % of Gross Rent at (msf) Contracted Expiry (msf) Contracted Expiry (msf) Contracted Expiry Rentals (INR psf) Rentals (INR psf) Rentals (INR psf) Mindspace Airoli

71. Slide 71: Key Financial Metrics

    Key Financial Metrics Delivered consistent growth on key financial metrics Revenue (INR bn) (1) NOI (INR bn) (1) 9.5 7.9 7.4 8.9 8.2 6.7 7.5 7.8 6.2 6.3 6.2 6.2 6.4 5.2 5.4 6.1 5.0 5.0 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2

72. Slide 72: Debt Maturity Schedule as on 30-Jun-26

    Debt Maturity Schedule as on 30-Jun-26 Interest Wt. Avg. Description Undrawn Fixed/ Floating Total Facility Principal O/S Rate Maturity FY32 & (INR Mn) Facility FY27 FY28 FY29 FY30 FY31 Total (p.a.p.m) (Years) Beyond At REIT Level NCD4 Fixed 5,000 - 5,000 7.9% 1.1 - 5,000 - - - - 5,000 NCD 7 Fixed 5

73. Slide 73: De-risked Portfolio with ~89.8% Completed Assets

    De-risked Portfolio with ~89.8% Completed Assets Project wise Market Value breakup (1) Completed Assets form 90% of the Market Value(1) Asset Completed U/C & Future Dev. Total Value % of Total Mindspace Airoli East 53,337 4,687 58,024 11.2% Mindspace Airoli West 59,201 6,569 65,770 12.7% Under Minds

74. Slide 74: Research Houses Covering Mindspace REIT

    Research Houses Covering Mindspace REIT Research House Analyst Email Id Ambit Capital Karan Khanna karan.khanna@ambit.co Avendus Spark Girish Choudhary girish.c@avendusspark.com Axis Capital Pritesh Sheth pritesh.sheth@axiscap.in Bank of America Kunal Tayal kunal.tayal@bofa.com Bank of Baroda Capita

75. Slide 75: Key Definitions

    Key Definitions Collectively, Avacado Properties & Trading Pvt Ltd., Gigaplex Estates Pvt. Ltd., Horizonview Properties Pvt. Ltd., Intime Properties Ltd, K Raheja IT Park Ltd.(KRIT), KRC infrastructure and Projects Pvt. Ltd.(KRC Infra), Mindspace Business Parks Pvt. Ltd.(MBPPL), Sustain Asset SPVs/H

76. Slide 76: Thank You

    5-Aug-26 Thank You

Mindspace Business Parks REIT — Q1 FY27 Earnings Presentation on 6ix