PropShare Platina NAV hits ₹11.44 lakh as FY26 filing

NAV declared for March 31, 2026

PropShare Platina declared a Net Asset Value (NAV) of ₹11,44,216.01 per unit as of March 31, 2026. The NAV disclosure was made to meet requirements under the SEBI Master Circular. The declaration was made by PropShare Investment Manager Private Limited on April 17, 2026. The NAV number is based on a valuation report prepared by KZEN Valtech Private Limited. The filing adds a fresh data point for investors tracking the SM REIT’s unit economics and valuation movement.

Valuation report filed with BSE under SEBI rules

Property Share Investment Trust also filed its detailed valuation report for the financial year 2026 with BSE Limited. The submission is dated April 17, 2026. The trust stated that the filing fulfills the requirement under Regulation 26ZJ of the SEBI (Real Estate Investment Trusts) Regulations, 2014. For an SM REIT structure, such disclosures are central to ongoing compliance and periodic reporting. The combination of NAV declaration and the exchange filing marks a clear regulatory milestone for the scheme.

Who made the declaration and what it relied on

The NAV declaration was issued by PropShare Investment Manager Private Limited, which acts as the investment manager to Property Share Investment Trust and PropShare Platina. The valuation underpinning the NAV came from KZEN Valtech Private Limited. In an earlier valuation update for the scheme, the valuation report was issued by KZEN Valtech Private Limited on October 17, 2025, with Mr. Sachin Gulaty named as the representing director. The current NAV update repeats the same framework of compliance-driven reporting based on an external valuation report.

NAV movement versus September 2025

PropShare Platina had previously disclosed an NAV of ₹11,18,125.56 per unit as of September 30, 2025. That September NAV was reported to have increased from ₹11,03,540.35 per unit at fair value. The March 31, 2026 NAV declaration at ₹11,44,216.01 per unit provides a subsequent point of comparison. While the disclosure does not state drivers for the NAV change, it provides investors a standardized value as per SEBI reporting requirements.

Distributions: Q2 FY2026 and earlier payouts

For the quarter ended September 30, 2025, the board approved unaudited financial results and declared a distribution of ₹22,017.61 per unit. The total distribution for that announcement was ₹74.00 million (₹7.40 crore). The disclosure broke the payout into ₹5,577.88 per unit as interest payment and ₹16,439.73 per unit as debt repayment. Separately, an earlier update also referenced a per-unit distribution of ₹22,816.45 declared on July 21, 2025. These figures matter because SM REIT investors typically track both periodic distributions and NAV disclosures to gauge portfolio performance and capital structure.

Key financial snapshots mentioned in disclosures

The REIT reported consolidated revenue from operations of ₹153.40 million (₹15.34 crore) for the half year and profit after tax of ₹83.29 million (₹8.33 crore) in the same update linked to the September 2025 quarter. Market data also listed “Net Profit - Last Quarter” at ₹14.18 crore, last updated on April 17, 2026. Separately, a quarterly comparison stated revenue of ₹7.98 crore for Sep ’25 versus ₹7.91 crore for Jun ’25, a growth of 0.88%. EBITDA for Sep ’25 was ₹7.56 crore versus ₹7.58 crore in Jun ’25, a decline of 0.26%. Net profit for Sep ’25 was ₹4.16 crore versus ₹4.17 crore in Jun ’25, a decline of 0.24%.

Disclosures and trustee regulatory overhang

One disclosure noted that Axis Trustee Services Limited, the trustee, received a show cause notice from SEBI regarding alleged oversight lapses related to another REIT. The same note added that no final adjudication has been made. While the notice is not described as related to PropShare Platina’s operating assets in the provided text, it remains a regulatory development that was disclosed alongside the scheme’s financial and distribution information.

Trading and price indicators cited in market data

Market data in the text cited a current market price of ₹9,92,000.00 per unit, with open at ₹9,88,000 and previous close at ₹9,93,000. It also listed a day’s high of ₹9,92,000 and low of ₹9,88,000. The 52-week high was stated as ₹10,50,050 and the 52-week low as ₹9,21,111.45. The instrument identifiers referenced include NSE: PSPLATINA and BSE: 544295.

Summary table: NAV, filings, results, and distributions

Distribution timeline cited in the text

Background: scheme launch and yield guidance previously communicated

The text also referenced the launch timeline for Property Share Investment Trust’s first scheme, PropShare Platina. It stated the scheme was set to launch on December 2, 2024, with the offer closing on December 4, 2024. The price band was listed at ₹10 lakh to ₹10.5 lakh per unit, with the offer size noted as ₹353 crore at the upper end. Another segment stated that PropShare Platina projected a distribution yield of 8.6% to 9% at a time when listed diversified REITs offered 6% to 7%. It further stated the proposed management fee was zero per cent in FY26 and FY27, 0.25% in FY27, and rising to a maximum of 0.30% from FY28 onwards.

Why the NAV and filing matter for SM REIT investors

For SM REITs, periodic NAV declarations and valuation report filings create standardized checkpoints for investors. A stated NAV of ₹11,44,216.01 per unit at March 31, 2026, backed by an external valuation report, helps investors compare market price indicators with disclosed portfolio value. The filing with BSE under Regulation 26ZJ also signals adherence to the disclosure framework that governs REIT valuation transparency. Alongside distributions and quarterly financials, these filings collectively form the public information set used to assess the scheme’s reported performance.

Closing note

PropShare Platina’s latest NAV declaration and the filing of the FY2026 valuation report with BSE were both dated April 17, 2026, aligning with SEBI compliance requirements. Investors will typically watch for subsequent exchange filings that update financial results, record dates, and distribution announcements as they are approved and disclosed.