Bagmane Prime Office REIT544758Governance policy update

REIT files corporate governance compliance report for the quarter ended September 30, 2026

The Manager of Bagmane Prime Office REIT has shared its quarterly corporate governance report for the quarter ended September 30, 2026.

By ScoutQuest · Wed 14 Oct 2026, 1:00 PM IST · 2 min read

05Directors at the Board meeting on August 11

Directors at the Audit Committee meeting3

Independent directors at the Board meeting02

Directors at the Board meeting on August 11 05: Directors at the Audit Committee meeting 3, Independent directors at the Board meeting 02.

Reporting Period: quarter ended September 30, 2026
Board Meeting: held on August 11, 2026; quorum was met, with 05 directors present including 02 independent directors
Audit Committee Meeting: met the same day - 3 members present, including 2 independent directors

What the update is

The Manager of Bagmane Prime Office REIT has submitted the quarterly report on corporate governance for the quarter ended September 30, 2026. It affirms that the composition of the Board of the Manager and of its committees is in terms of the SEBI (Real Estate Investment Trusts) Regulations, 2014, and that the meetings of the Board and committees were conducted in the manner specified there.

Board of the Manager

Chairperson: Mr. Raja Bagmane (Non-Executive, Non-Independent). A regular chairperson has been appointed, and the chairperson is not related to the managing director or CEO.
Non-Executive, Non-Independent directors: Mr. Aditya Bagmane and Mr. Shashank Bagmane.
Non-Executive, Independent directors: Mr. Abhishek Goenka (tenure 19 months), Ms. Rajeshwari Srinivasan (tenure 9 months) and Mr. Korgi Shashikiran Shetty (tenure 9 months).

Committees and who leads them

Audit Committee: chaired by Mr. Abhishek Goenka, with Mr. Korgi Shashikiran Shetty and Mr. Shashank Bagmane as members.
Nomination and Remuneration Committee: chaired by Mr. Korgi Shashikiran Shetty, with Ms. Rajeshwari Srinivasan and Mr. Raja Bagmane.
Risk Management Committee: chaired by Mr. Korgi Shashikiran Shetty, with Mr. Abhishek Goenka and Mr. Raja Bagmane.
Stakeholders' Relationship Committee: chaired by Ms. Rajeshwari Srinivasan, with Mr. Raja Bagmane, Mr. Aditya Bagmane and Mr. Shashank Bagmane.

Each of these committees has a regular chairperson appointed, and each is chaired by an independent director.

Meetings held in the quarter

Board of Directors: met on August 11, 2026. Quorum was met; 05 directors were present, of whom 02 were independent directors. The maximum gap between two consecutive board meetings was 69 days (June 03, 2026 to August 11, 2026).
Audit Committee: met on August 11, 2026. Quorum was met; 3 members were present, of whom 2 were independent directors.
Nomination and Remuneration Committee, Risk Management Committee and Stakeholders' Relationship Committee: no meeting held during the quarter.

Affirmations in the report

Committee members have been made aware of their powers, role and responsibilities.
The previous quarter's report (quarter ended June 30, 2026) was placed before the Board of Directors at its meeting held on August 11, 2026, and no comments or observations were received on it. The report for the quarter ended September 30, 2026 will be placed before the Board of Directors at the upcoming Board meeting.

How a retail investor can read this

This is a routine periodic governance disclosure. It tells you who runs the Manager's Board and committees, how often they met and whether independent directors were present, rather than anything about the REIT's earnings, distributions, assets or tenant occupancies. The compliance affirmations refer to the framework prescribed for REITs; they are statements of conformity, not a performance update.

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