Our overall governance structure plays a pivotal role in ensuring strong leadership strategic vision and enabling us to operate sustainably, ethically and responsibly.

Our cross-functional board of directors provides ultimate oversight for material ESG aspects, including climate change risks and opportunities. The board’s governance is made more effective through sub-committees such as CSR and sustainability committee, nomination and remuneration committee, risk management committee and so on. The Board is regularly reviewing the overall ESG vision, strategy and performance of the REIT and provides guidance to navigate the rapidly evolving ESG complexities faced by the real estate industry. In FY24, our average attendance at board meetings is 77.78%, with a minimum required attendance of 50% as per prevailing Securities and Exchange Board of India (SEBI) regulations. The average tenure of our board members is 2.23 years. Our board regularly performs self-assessments and undergoes an independent review every year. To ensure a fair election process, board members are elected individually each year, rather than as a group.

The ESG steering committee, chaired by the CEO and MD, comprises senior management personnel who shape our ESG agenda and set the tone and culture for the organization. This committee drives initiatives aligned with our business goals and considers best practices, ensuring we address global and local industry considerations

To translate strategy into action, the ESG steering committee works closely with the ESG action committee, which includes key personnel from each business function. This collaborative approach ensures that ESG principles are integrated across all levels of our operations, enabling us to address the multifaceted challenges of the real estate market with a comprehensive and cohesive response.

Through this robust governance structure, we are committed to advancing sustainable development, fostering social responsibility and upholding strong governance practices, thereby solidifying our role as a leader in responsible real estate management.