Bagmane Prime Office REIT Reappoints Key Advisors and Appoints New Property Consultant

Bagmane Prime Office REIT has taken significant steps to ensure the continuity and expertise of its advisory and consultancy functions. The Board of Directors of Bagmane Realty Investment Manager Private Limited, the Manager to Bagmane Prime Office REIT, has approved several key appointments.

The re-appointment of S.R. Batliboi & Associates LLP as the Statutory Auditor for the Financial Years 2026-27 to 2029-30 ensures that the audit function remains robust and consistent. S.R. Batliboi & Associates LLP, a well-respected firm registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 101049W/E300004, will serve a four-year term pending unitholder consent at the ensuing Annual Meeting.

Simultaneously, the Board approved the re-appointment of KZEN Valtech Private Limited as the Valuer for Bagmane REIT. KZEN Valtech, bearing Registered Valuer Entity Number IBBI/RV-E/05/2022/164, is known for providing accurate opinions on the market value of subject properties. The firm’s Director, Mr. Sachin Gulaty, is a registered professional with the Insolvency and Bankruptcy Board of India (IBBI) for the asset class Land and Building, bringing nearly 28 years of experience in real estate valuation and advisory.

In addition to these re-appointments, the Board appointed Jones Lang Lasalle Property Consultants (India) Private Limited as the Independent Property Consultant Review Services Provider for the Financial Years 2026-27 to 2028-29. This appointment is also subject to unitholder approval. JLL India operates across ten major cities and over 130 tier-II and III markets, offering a wide range of services including leasing, capital markets, and project development across various asset classes.

The following table summarizes the key appointments approved by the Board:

| Particulars | Details | |-----------------------------------|--------------------------------------------------------| | Statutory Auditor | S.R. Batliboi & Associates LLP | | Audit Term | FY 2026-27 to FY 2029-30 | | Valuer | KZEN Valtech Private Limited | | Valuer Term | FY 2026-27 to FY 2028-29 | | Independent Property Consultant | Jones Lang Lasalle Property Consultants (India) Pvt. Ltd. | | Consultant Term | FY 2026-27 to FY 2028-29 | | Regulatory Framework | SEBI (REIT) Regulations, 2014 |

These appointments underscore Bagmane Prime Office REIT’s commitment to maintaining high standards of governance and operational excellence. By leveraging the expertise of these firms, Bagmane Prime Office REIT aims to enhance its value proposition for unitholders and stakeholders alike.

Historical stock returns for Bagmane Prime Office REIT indicate a challenging period, with negative returns across various time frames:

| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | |-------|--------|---------|----------|--------|---------| | -0.09%| -0.85% | -1.61% | -1.15% | -1.15% | -1.15% |

Despite these recent trends, the REIT’s strategic moves to strengthen its advisory and consultancy team are expected to contribute positively to its long-term performance.