India, April 30 -- Mindspace Business Parks REIT on April 30 reported a 13% year-on-year increase in net operating income, reaching Rs.540 crore for the quarter ended March. The company also declared a distribution of Rs.392 crore for the same period.In a regulatory filing, the company announced that Ramesh Nair, currently serving as CEO, has been additionally appointed as Managing Director. His new designation, CEO and Managing Director, is effective immediately and will be held for a five-year term.

The company's net operating income (NOI) rose 8.9% in 2024-25 to Rs.2,061.6 crore from Rs.1,895.9 crore in the preceding year. The distribution to unitholders stood at Rs.1,312 crore for 2024-25, a growth of 15.5% on an annual basis.

The c...