KRKnowledge Realty Trust544481Promoter pledge update

Four BREP entities pledge ~60.75 crore units, 13.71% of outstanding units

Four BREP Asia entities have pledged ~60.75 crore units of Knowledge Realty Trust — 13.71% of its total outstanding units.

By ScoutQuest · Fri 6 Nov 2026, 10:09 PM IST · 2 min read

Units Pledged

~60.75 crore units

Share of Outstanding Units

13.71% of its total outstanding units

Price Per Unit (NSE VWAP)

110.61 per unit

What the disclosure says

Four BREP Asia entities have created a pledge over ~60.75 crore units of Knowledge Realty Trust, aggregating to 13.71% of the total outstanding units of the Trust. The pledge is in favour of Catalyst Trusteeship Limited, acting as the onshore security agent on behalf of the Lenders. The pledge agreement is dated 4 November 2026 and the pledge was created on 6 November 2026, under a pre-clearance approval dated 4 November 2026.

Why the pledge was created

The units are security for a borrowing arrangement.

• A facility agreement dated 23 September 2025 was executed among others by KRT ML (NQ) Limited as the Original Borrower, the Lenders and the Onshore Security Agent, under which a term loan facility was availed.
• It was amended on 9 June 2026, with Deutsche Bank AG, Singapore Branch as the Agent and DB International Trust (Singapore) Limited as the Offshore Security Agent.
• It was further amended and restated on 2 November 2026.
• Under that amendment and restatement, the outstanding loans and all amounts due by the Original Borrower were novated in full to each Pledgor, so each Pledgor has become a Co-Borrower and the Original Borrower has ceased to be a borrower.
• An increased commitment is also availed by the Co-Borrowers under a credit facility from the Lenders.

Entity-wise pledged units

• BREP Asia SG L&T Holding II (NQ) Pte. Ltd.: 64,243,011 units
• BREP Asia SG L&T Holding III (NQ) Pte. Ltd.: 97,378,403 units (79,461,116 in CDSL and 17,917,287 in NSDL)
• BREP Asia II Indian Holding Co VIII (NQ) Pte. Ltd.: 286,274,936 units
• BREP Asia II Indian Holding Co VII (NQ) Pte. Ltd.: 159,564,457 units

These four figures add up to the ~60.75 crore units disclosed. The price shown against each entry is 110.61 per unit, marked as the NSE Volume Weighted Average Price as on 6 November 2026.

How to read it

• The nature of the transaction is shown as Pledged — an encumbrance of units already held, not a purchase or a sale.
• In a pledge, the units remain with the holder but are committed as security to the lender until the underlying obligation is discharged.
• The size is significant: 13.71% of the Trust's total outstanding units now carry this encumbrance.
• The security is tied to the Co-Borrowers' obligations under the amended and restated facility agreement, so the units are linked to that borrowing arrangement.
• This is an information and records update by the Trust, forwarding the disclosures received from the unitholders.

The disclosure carries a declaration by the holders that the information is correct and that no provisions of the code or applicable laws and regulations were contravened in effecting the transactions.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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