Propshare Titania SM REIT - IPO (Second Scheme Of The Property Share Investment Trust) has informed the Exchange regarding Disclosure of material issue

October 12, 2026 The Corporate Relations Department Department of Corporate Services, BSE Limited, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Reference: Script Symbol “PSTitania”; Scrip Code- 544462; Subject: Submission of Summary Valuation Report of PropShare Titania, second scheme of the Property Share Investment Trust for the half year ended September 30, 2026; Dear Sir / Madam, Pursuant to Regulation 10(22) along with Regulation 26ZJ(6) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 as amended from time to time, please find enclosed the Summary Valuation Report of the PropShare Titania, second scheme of the Property Share Investment Trust for the half year ended on September 30, 2026 attached herewith as Annexure The Summary Valuation Report referred to above has also been uploaded on our website at https://www.psreit.in/. You are requested to take the same on record. Thanking you, For and on behalf of PropShare Titania, second scheme of Property Share Investment Trust, acting through its Investment Manager, PropShare Investment Manager Private Limited Prashant Kataria Compliance Officer Encl: As above Acting through its Investment Manager- PropShare Investment Manager Private Limited Reg Off: 10th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road Bengaluru 560001; CIN: U66309KA2024PTC186944; Email ID: smreit.manager@psreit.in; Phone No: 080-31003901 Website: https://www.psreit.in/ Valuation Report | G-Corp Tech Park, Thane Valuation Report Leasable Space in 6 (six) floors in G Corp Tech Park Thane, Maharashtra, India Submitted To: PropShare Investment Manager Private Limited Date of Valuation: 30 September 2026 Date of Report: 12 October 2026 Prepared By: KZEN VALTECH PRIVATE LIMITED IBBI/RV-E/05/2022/164 KZEN VALTECH PRIVATE LIMITED - 1 - Valuation Report | G-Corp Tech Park, Thane EXECUTIVE SUMMARY Subject G Corp Tech Park, Thane, Maharashtra, India. Project Name Subject Floors 5 (part), 7, 9, 11, 12, and 13, G Corp Tech Park, Survey Nos. 14, 15, 16/1 to 4, 29/1 to 5, 30,31/1 Property to 6, 32, 33, 34, Sector VI, Village Vadavali, Sai Nagar, Anand Nagar, Ghodbunder Road, Thane - 400615, Address Maharashtra, INDIA Land Area Proportionate undivided share, right, title and interest of ~1,03,900 square feet or ~9,652.64 square meters in the Subject Project land together with 370 exclusive car parking spaces along with rights to enjoy other utilities including garden, with common services and facilities, all rights of easements, latent or patent, enjoyed or reputed to be enjoyed in connection with the Subject Property including right to use the internal roads of G Corp Tech Park as is indicated in the executed Share Purchase Agreement (“SPA”) between Client, Property Share Investment Trust (acting on behalf of PropShare Titania), Axis Trustee Services Limited, Eranthus Developers Private Limited, GOF I (Master A) Pte. Ltd., and Anamudi Real Estates LLP (please refer Annexure – 8 for relevant excerpts of this executed SPA). Subject Project and Subject Property are located in Sector VI of Thane city with frontage on and access Brief from Ghodbunder Road in the north-western quadrant of Thane city, which is one of the fast-developing Description IT suburbs of Mumbai with emerging concentration of IT Park. It is situated along Ghodbunder Road, 10.0 km from Thane Railway Station and at a distance of approx. 30.0 km from Chhatrapati Shivaji Maharaj International Airport. Subject Project and Subject property are Grade A IT Park office development that are currently operational. Subject Property offers a total leasable area of approximately 4,37,973 sq.ft. spread over 6 (six) floors (out of G+15 upper floors that constitute the Subject Project). Subject Project has good frontage along the access road with one (1) entrance, and one (1) exit. Subject Project is predominantly surrounded by retail and office spaces followed by residential developments. Subject Leasable area details of the Subject Property as shared by the Client is given below: Property Sl. Subject Floor CO Tenant’s Name Leasable Area Details No. Property Number Name (sq.ft.) of Subject Component Property 1. Part 6 13 EDPL Tenant 01 76,004 2. Part 5 12 EDPL Tenant 02 73,145 Tenant 03 30,753 3. Part 4 11 EDPL Tenant 04 22,034 Tenant 04 21,500 Tenant 05 49,324 4. Part 3 9 EDPL Tenant 06 29,182 Tenant 07 8,112 Tenant 08 5,638 5. Part 2 7 EDPL Tenant 03 15,741 Tenant 04 44,684 Tenant 07 6,793 Tenant 09 24,709 Tenant 10 7,798 6. Part 1 5 EDPL Tenant 07 13,126 Tenant 11 5,460 Tenant 08 3,970 Total Leasable Area 4,37,973 Based on the site inspection, it is found that the Subject Project and Subject Property are completed and operational. There are no under-construction components within the Subject Property, and Subject Project. KZEN VALTECH PRIVATE LIMITED - 2 - Valuation Report | G-Corp Tech Park, Thane Location Key The table below summarizes key valuation assumptions used in the estimate. Assumptions Particulars Description Subject Property Specific Information Nature of Property IT Office Development Current Status Completed and Operational Total Leasable Area 4,37,973 sq. ft. Age of Subject Sl. Subject Age of Usage Status Subject Project No. Project the Type Property Name Subject Leasable Project Area (sq. ft.) 1. G Corp ~ 16 years IT Completed on 4,37,973 Tech Park 5 months 23 April 2010 as per Occupancy Certificate scan copy provided by Client In addition to the above, the undivided rights, title and interest in the following components are also part of the Subject Property. ▪ Total utility areas and internal roads. ▪ Total open spaces. ▪ Other areas, such as gardens, among others. ▪ Internal common areas, such as lift lobbies, parking areas in stilt parking levels, etc. Revenue Assumptions In-Place Rent INR 79.51 per sq. ft. per month, as of 30 September 2026 Market / Marginal INR 80.00 per sq. ft. per month, as of 30 September 2026 Rent KZEN VALTECH PRIVATE LIMITED - 3 - Valuation Report | G-Corp Tech Park, Thane Financial Assumptions Exit Cap Rate 8.25% Discount Rate / 12.50% WACC Opinion on INR 5,031,208,000 /- (Indian Rupees Five Billion Thirty-One Million Two Hundred Eight Thousand) Market Value Note: Opinion on market value presented in this report is subject to following facts and Special and Significant as on 30th Assumptions, and is based conditionally on Legal Opinion Report dated 05 May 2025 (“LO”) issued by Trilegal September to Client and Valuer (please refer Annexure – 7 to this Report), and Share Purchase Agreement (“SPA”) 2026 executed on 11 July 2025 ((please refer Annexure – 8 to this Report)) which Client has confirmed allows PS Titania to have 100% rights and interests in the Subject Asset: a) Client has represented that SPA provided by Client confirms that complete ownership and rights and interests in Subject Property are now devolved to PS Titania. b) Client has represented that post execution of SPA, PS Titania is the sole, primary, and exclusive beneficiary of all cash flows from the Subject Property. c) Client has confirmed that that there are no arrears and/or payments due to any entity and/or individual, anywhere in the world, and neither government authority(ies) nor banks nor financial institutions nor any other creditor(s) have any charge on the title, ownership, rights, and interests of the reference-cited Subject Property, it can be freely transacted without any encumbrances and/or restrictions in the open market, and there are no onerous aspects pertaining to the legal ownership of PS Titania with respect to the reference-cited Subject Property that may hinder and/or obstruct its free and unrestricted sale in the open market. Readers of the report are hereby advised that the aforementioned opinion on market value of the Subject Asset is contingent and based on the LO and SPA with respect to ownership, rights, and interests in the Subject Property, among other aspects stated in the L [Showing first 8,000 characters — download PDF for full document]