Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue

Date: 30th July, 2026 To, To, The Corporate Relations Department, The Corporate Relations Department, The National Stock Exchange of India Department of Corporate Services, Limited Exchange Plaza, 5th Floor, Plot BSE Limited, No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (East), Mumbai – 400051 Mumbai – 400001 Scrip Code: KRT Scrip Code: 544481 (“Units”), 977158, 977536 and 977888 (“Non-Convertible Debentures”) and 731643 (“Commercial Papers”) Dear Sir/ Madam, Subject: Transcript of the Earnings Conference Call for the quarter ended 30th June, 2026 held on 28th July, 2026. In continuation to our intimation dated 28th July, 2026, regarding the link to access the audio recording of the Earnings Conference Call held on Tuesday, 28th July, 2026 at 04:00 P.M. (IST) to discuss Knowledge Realty Trust’s financial results for the quarter ended 30th June, 2026, please see enclosed the transcript of the aforesaid Earnings Conference Call. The transcript referred to above has been uploaded on our website at www.knowledgerealtytrust.com. Kindly take the same on your records. Thanking you, For and on behalf of Knowledge Realty Trust, acting through its Manager, Knowledge Realty Office Management Services Private Limited Ashutosh Vaidya Company Secretary & Compliance Officer Membership No. A14242 KNOWLEDGE REALTY TRUST acting through its manager – Corp. Office: Salarpuria, Windsor #3, Registration No.: IN/REIT/24-25/0006 KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED 2nd Floor, Ulsoor Road, Sivan Chetty Telephone: +91 22 68684400 (Formerly known as Trinity Office Management Services Private Limited) Gardens, Bangalore- 560042, E-mail: info@knowledgerealtytrust.com RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra Karnataka, India Website: www.knowledgerealtytrust.com (E), Mumbai – 400051, Maharashtra, India “Knowledge Realty Trust Q1 FY27 Earnings Conference Call” July 28, 2026 MANAGEMENT: MR. SHIRISH GODBOLE – CHIEF EXECUTIVE OFFICER – KNOWLEDGE REALTY TRUST MR. NEERAJ TOSHNIWAL – CHIEF FINANCIAL OFFICER – KNOWLEDGE REALTY TRUST MR. SENTHIL KUMAR – SENIOR VICE PRESIDENT, INVESTOR RELATIONS – KNOWLEDGE REALTY TRUST Page 1 of 13 Knowledge Realty Trust July 28, 2026 Moderator: Ladies and gentlemen, good day and welcome to Knowledge Realty Trust Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Senthil Kumar, Senior Vice President, Investor Relations, Knowledge Realty Trust. Thank you and over to you, Mr. Senthil. Senthil Kumar: Thank you. Good evening to everyone joining us today. On behalf of the management team, I would like to extend a warm welcome to all participants of Knowledge Realty Trust Q1 FY27 Earnings Call. Before we proceed, a couple of important disclosures. I would like to highlight that the management may make certain comments that may constitute forward-looking statements. Please be advised that our actual results may differ materially from these statements. KRT does not guarantee these statements or results and is not obliged to update them at any point of time. Joining me today on the call are Shirish Godbole, our CEO, and Neeraj Toshniwal, our CFO. We will start off with brief remarks on the macro environment, our business and financial performance, and then open the floor to questions. Over to you, Shirish. Shirish Godbole: Thank you, Senthil, and a very warm welcome to everyone joining us for our Q1 FY27 earnings call. We start the new financial year against a backdrop of continued global uncertainty. However, India's office market has once again demonstrated its structural resilience, anchored by GCC expansion and Grade A demand. Office absorption reached 44 million square feet during the first half of calendar year '26, with GCCs contributing 44% of the demand. Coming to KRT, we enter FY27 with strong operating momentum. Revenue and NOI for the quarter grew 15% year-on-year to INR1,243 crores and INR1,112 crores respectively. We are also pleased to announce a distribution of INR1.7 per unit for the quarter, aggregating to INR752 crores, a strong 5% growth from the previous quarter. Turning to our operating performance, occupancy increased to 93%, up from 92% last quarter. This was driven both by front office demand, which contributed over 50% of our gross leasing. We completed new leasing of 0.7 million square feet and renewals of 0.7 million square feet as well, taking total gross leasing for the quarter to 1.4 million square feet. We continue to pivot our portfolio to annual escalations to create a compounding rental growth profile. During the quarter, 93% of our leasing had annual escalations. Our occupier-first strategy has resulted in client stickiness and multifold growth by our existing clientele. We are happy to inform that 58% of our new leasing this quarter came from existing tenant expansions. Interestingly, these tenants come from varied sectors: a leading semiconductor firm, one of the largest lens makers, the largest travel tech firm, and a large Indian bank. We have highlighted the details in our investor presentation. Page 2 of 13 Knowledge Realty Trust July 28, 2026 Given the ongoing market conversations around AI's impact on office demand, I would like to highlight how KRT's portfolio is resilient. We have three strong levers: our GCC exposure, where occupiers are increasingly taking on higher value, more complex work; our negligible exposure to the traditional IT services model, which is where the disruption is perceived to be the most; and our front office portfolio, which continues to perform strongly. Our front office portfolio in Mumbai represents some of India's finest business addresses occupied by global consulting firms, multinational corporates, as well as headquarters of major Indian conglomerates. Our Mumbai occupancy reached 92%, up 3% from last quarter. This was primarily driven by our Central Mumbai cluster, which reached 93% occupancy, up 14% since March 2025. Coming to our mark-to-market potential across the portfolio, it is a sizable 25%, and we continue to realize this upside every quarter. For instance, this quarter, we realized an average spread of 35% on new leasing and 29% on renewals. Early terminations in our portfolio presented further repricing opportunities over and above the embedded mark-to-market profile. For instance, in Knowledge City in Hyderabad, we signed 44,000 square feet with a marquee global financial services occupier at INR122 a square foot, where the in-place rent was INR80. Likewise, in Exora in Bangalore, we signed 85,000 square feet with a large technology GCC at INR93 per square foot, where the outgoing rent was INR59. On the ground, our Life at KRT platform continued to bring our campuses to life through sports, wellness, and cultural programs across the portfolio. It was a busy quarter with a corporate sports league and International Yoga Day celebrations at Sattva Global City in Bangalore, an indoor sports league at Kosmo One in Chennai, and a Pickle and Padel ball tournament in One World Center in Mumbai. This continued investment in hospitality-led service and tenant experience remains a deliberate driver of retention and, over time, pricing power. As we look ahead, our embedded growth levers remain firmly in place, contracted growth from escalations, embedded growth from occupancy ramp-up, delivery of under-construction assets, and sizable mark-to-market potential. We also remain active in evaluating third-party acquisition opportunities that are accretive and aligned with our portfolio strategy. We continue to see grow [Showing first 8,000 characters — download PDF for full document]