BSEOthers21 Aug 2026 · 21 Aug 2026, 07:41 pm
Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Mindspace Business Parks REIT · 543217
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Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue, specifically the credit ratings received from CRISIL Limited and ICRA Limited.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Mindspace Business Parks REIT - 543217 - Reg 23(5)(i): Disclosure of material issue
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August 21, 2026
The Listing Department The Listing Department
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street,
Plot No. C/1, G- Block, Mumbai- 400001
Bandra Kurla Complex,
Bandra (East), Mumbai- 400051
Scrip Symbol “MINDSPACE” (Units) Scrip Code “543217” (Units) and
Scrip Codes “974075”, “975068”, “975537”,
“975654”, “975763”, “976198”, “976691”, “977043”,
“977120”, “977297”, “977350”, “977614”, “977771”
and “978031” (Non-Convertible Debentures) and
Scrip Codes “731549”, “731581”, “731984” and
“731985” (Commercial Papers)
Subject: Intimation regarding credit rating of Mindspace Business Parks REIT
Dear Sir/Madam,
Pursuant to the provisions of Regulation 23(5) of the Securities and Exchange Board of India (Real Estate
Investment Trusts) Regulations, 2014 read with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-
PoD/P/CIR/2025/0000000137 dated October 15, 2025, and Regulation 51(2) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish
to inform you that Mindspace Business Parks REIT has received the following credit ratings from CRISIL
Limited and ICRA Limited:
Name of the Credit Particulars Size of the Rating and Outlook
Rating Agency Issue (Crore)
CRISIL Limited Issuer Rating - CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 30 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 40 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 50 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 100 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 100 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 200 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 150 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 175 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 225 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 300 CRISIL AAA/ Stable (assigned)
Non-convertible debentures INR 450 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 500 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 500 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 500 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 500 CRISIL AAA/ Stable (withdrawn)
Non-convertible debentures INR 570 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 800 CRISIL AAA/ Stable (reaffirmed)
Non-convertible debentures INR 1200 CRISIL AAA/ Stable (reaffirmed)
Commercial Paper INR 3000 CRISIL A1+ (reaffirmed)
K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Corporate Identification Number (CIN): U68200MH2023PTC406104
Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Phone: +91 – 22- 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com
ICRA Limited Issuer Rating - ICRA AAA/ Stable (reaffirmed)
Non-Convertible Debenture INR 8,700 ICRA AAA/ Stable (reaffirmed)
Proposed Non-convertible INR 500 ICRA AAA/ Stable (assigned)
Debenture
Commercial Paper INR 3,000 ICRA A1+ (reaffirmed)
We enclose herewith the rating letters and rating rationale of CRISIL Limited and ICRA Limited dated
August 20, 2026 and August 21, 2026, respectively, for your information.
Request you to take the same on record.
Thanking you.
Yours faithfully,
For and on behalf of K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Mridul Gupta
Company Secretary and Compliance Officer
Encl.: as above
K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Corporate Identification Number (CIN): U68200MH2023PTC406104
Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Phone: +91 – 22- 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com