Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited Financial Results

Audit Opinion:

Limited Review Report with unmodified opinion issued by Walker Chandiok & Co LLP, Statutory Auditors

Key Financial Highlights [Amount in Rs. millions]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: 4,719.00 (Q2 FY26: 3,501.36 - +34.8% YoY; Q1 FY27: 4,226.85)
  • Total Income: 4,921.62 (Q2 FY26: 3,665.90; Q1 FY27: 4,488.14)
  • Net Loss: (58.68) (Q2 FY26: (298.67); Q1 FY27: (238.82))
  • EPS: (0.28) basic and diluted (Q2 FY26: (1.48); Q1 FY27: (1.13))

Half Year Ended September 30, 2026:

  • Revenue from Operations: 8,945.85 (H1 FY26: 6,594.29)
  • Total Income: 9,409.76 (H1 FY26: 6,907.15)
  • Net Loss: (297.50) (H1 FY26: (666.22))
  • EPS: (1.40) basic and diluted (H1 FY26: (3.46))

Other Equity:

As at September 30, 2026: 4,662.41 (March 31, 2026: 4,935.50)

Cash and Cash Equivalents:

As at September 30, 2026: 1,095.03 (March 31, 2026: 722.60)

Debt:

As at September 30, 2026:

  • Non-current borrowings: 1,972.94
  • Current borrowings: 911.62
  • Total borrowings: 2,884.56

As at March 31, 2026:

  • Non-current borrowings: 1,693.17
  • Current borrowings: 1,207.12
  • Total borrowings: 2,900.29

Segment-wise Performance:

The Company primarily operates in a single reportable segment: leasing of managed commercial workspaces of equipped premises. Accordingly, there are no reportable segments as per Ind AS 108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising announced in this filing.

IPO Proceeds Utilization:

As at September 30, 2026:

  • Funding capital expenditure towards establishment of new centers: Utilized 1,671.46 out of revised 2,756.49 (Unutilized: 1,085.03)
  • Repayment/pre-payment of borrowings: Utilized 913.40 out of 913.40 (Fully utilized)
  • General corporate purposes: Utilized 500.69 out of revised 504.70 (Unutilized: 4.01)
  • Funding security deposit for new centers: Utilized 150.49 out of 520.00 (Unutilized: 369.51)
  • Funding capital expenditure towards fit-out and interior in non-Indiqube properties: Utilized 0 out of 550.00 (Unutilized: 550.00)
  • Funding capital expenditure towards renewable power infrastructure: Utilized 34.00 out of 160.00 (Unutilized: 126.00)
  • Capital deployment in strategic commercial real estate opportunities: Utilized 0 out of 640.00 (Unutilized: 640.00)

Total unutilized proceeds as at September 30, 2026: 2,774.55

Other Significant Information:

  • Shareholders approved change in utilization of IPO proceeds via postal ballot on June 24, 2026
  • Unutilized IPO proceeds are temporarily held in deposits/accounts with scheduled banks
  • Company listed on NSE and BSE on July 30, 2025