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: Outcome of the Board Meeting of PropShare Investment Manager Private Limited, Investment Manager to Property Share Investment Trust and PropShare Titania held on October 12, 2026, for the quarter and half year ended September 30, 2026; Dear Sir / Madam, We wish to inform you that the Board of Directors of PropShare Investment Manager Private Limited, the Investment Manager of Property Share Investment Trust (“Trust”) and PropShare Titania, second scheme of the Trust (“PS Titania”), at their meeting held on Monday, October 12, 2026, has inter alia: 1. Approved the Unaudited Standalone Financial Results and Unaudited Consolidated Financial Results of PS Titania, for the quarter and half year ended September 30, 2026 {(together referred to as (“Quarterly Unaudited Financial Results”)}, and has noted the Auditor’s Limited Review Report thereon; 2. Approved the Unaudited Condensed Standalone Financial Statements and Unaudited Condensed Consolidated Financial Statements of PS Titania, for the quarter and half year ended September 30, 2026 and has noted the Auditor’s Limited Review Report thereon; 3. Declared distribution to unitholders of ₹24,046.03 per Unit which aggregates to ₹107.29 million for the quarter ended September 30, 2026. The distribution comprises ₹11,696.78 per Unit in the form of interest payment, ₹12,349.25 per Unit in the form of repayment of debt; 4. Declared Net Assets Value of ₹10,77,010.31 (Indian Rupees Ten Lakh Seventy Seven Thousand and Ten and Three One Paisa only) per Unit for the PS Titania as at September 30, 2026 required as per Regulation 10(22) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 based on the Valuation Report dated October 12, 2026 issued by Kzen Valtech Private Limited (IBBI/RV-E/05/2022/164), Valuer, represented by Mr. Sachin Gulaty (IBBI/RV/02/2021/14284), Director; and 5. Approved the appointment of M/s Varma & Varma, Chartered Accountants (Firm Registration No. 004532S), as Internal Auditors of PS Titania for the financial year 2026-27. A6. s pe r the SEBI Master Circular for Real Estate Investment Trusts (REITs) No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025, a copy of the Quarterly Unaudited Financial Results along with the limited review reports of the Statutory Auditors thereon, is enclosed as Annexure I. The documents referred to above shall also be uploaded on the website of the Trust at https://www.psreit.in/ in due course. You are requested to take the same on record. 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/ 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 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/ Independent Auditor's Limited Review Report for the quarter and half year ended September 30, 2026 of Unaudited Standalone Interim Ind AS Financial Information of PropShare Titania (a Second Scheme of the Property Share Investment Trust) Review Report to The Board of Directors PropShare Investment Manager Private Limited (in the capacity of the "Investment Manager" of Property Share Investment Trust) 10th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road, Bengaluru – 560001 1. We have reviewed the accompanying Unaudited Standalone Interim Ind AS Financial Information of M/s. PropShare Titania (the "Scheme") which comprises of the Unaudited Standalone Statement of Profit and Loss, including other comprehensive income for the quarter and half year ended September 30, 2026, the Unaudited Standalone Balance Sheet as at September 30, 2026, the Unaudited Standalone Statement of Cash Flows for the half year ended September 30, 2026, the Unaudited Standalone Statement of Changes in Unitholders Equity for the half year ended September 30, 2026, the Unaudited Standalone Statement of Net Assets at Fair Value as at September 30, 2026, the Unaudited Standalone Statement of Total Returns at Fair Value for the half year ended September 30, 2026, the Unaudited Statement of Net Distributable Cash Flows for the quarter and half year ended September 30, 2026 and select explanatory notes (together hereinafter referred to as the "Standalone Interim Ind AS Financial Information"). 2. The Investment Manager is responsible for the preparation of the Standalone Interim Ind AS Financial Information in accordance with the requirement of Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting", as prescribed in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India, to the extent not inconsistent with the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations' 2014, as amended including any guidelines and circulars issued thereunder ("SM REIT Regulations"). The Standalone Interim Ind AS Financial Information has been approved by the Board of Directors of the Investment Manager. Our responsibility is to express a conclusion on the Standalone Interim Ind AS Financial Information based on our review. 3. We conducted our review of the Standalone Interim Ind AS Financial Information in accordance with the Standard on Review Engagements (SRE) 2410' "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Standalone Interim Ind AS Financial Information is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Standalone Interim Ind AS Financial Information, prepared in all material respects in accordance with the requirements of Ind AS 34, as prescribed in Rule 2(1)(a) of the Companies (Indian Accounting Standards) Rules, 2015 (as amended) read with the relevant rules issued thereunder and other accounting principles generally accepted in India to the extent not inconsistent with the SM REIT Regulations, has not disclosed the information required to be disclosed in terms of the SM REIT Regulations read with the SEBI Circulars, including the manner in which it is to be disclosed or that it contains any material misstatement. Emphasis of Matter 5. We draw attention to Note 4 of the Unaudited Standalone Interim Ind AS Financial Information which describes the presentation of “Unit Capital” as “Equity” instead of compound financial instrument to comply with the REIT Regulations. Our opinion is not modified in respect of this matter. For ASA and Associates LLP Chartered Accountants Firm Reg [Showing first 8,000 characters — download PDF for full document]