14, May 2026
CyberPower expands rack power portfolio with PDU models for modern IT infrastructure
SYDNEY, May 14 – Global power protection specialist CyberPower Systems has enhanced its Power Distribution Units (PDUs) range in Australia with new models designed to meet growing demand for reliable, high‑density rack power distribution in today’s data‑driven environments.

The new PDU41004, PDU41005,

CyberPower PDUs are designed for today’s high‑density, high‑demand environments. As server racks become more densely populated and edge computing deployments expand, modern IT environments need dependable, space‑efficient power delivery that minimises complexity. The new PDU models address this directly, offering reliable rack power for comms rooms, network cabinets and data‑centre racks.

CyberPower Systems Oceania GM ANZ Robert Hartvigsen said, “Our new PDU models deliver dependable, consistent rack power that just works. They are engineered for simplicity, reliability and seamless integration with UPS systems, giving IT teams confidence in their rack infrastructure.”
The four new PDU models provide a trusted solution for growing equipment density, pairing compact design with single‑phase input support and durable metal construction.
For scalable operations, new 32‑amp variants offer higher load capacities across wider network deployments.

Key features and advantages
The PDU41004, PDU41005,
Core specifications include:
• Rack‑mountable design optimised for space efficiency
• Multiple IEC output sockets for server and network hardware
• Robust metal housing for durability
• Reliable single‑phase power distribution
• Compatibility with the CyberPower UPS ecosystem
• Support for higher‑capacity 32‑amp configurations for scaling environments
Product features and highlights include:
• Seamless pairing with CyberPower UPS solutions
• Reliable distribution for business‑critical equipment
• Compact and rugged rack design
• Strong value without compromising quality
• Ideal for comms cabinets, data centres and edge sites
Customers across professional IT, MSP and enterprise environments are facing increasing rack equipment density and tighter turnaround expectations. These PDUs provide simple, dependable power distribution which is ideal when intelligent switching is unnecessary but quality and operational reliability are critical. Also, by aligning with CyberPower’s UPS range, the new models enable standardised, end‑to‑end rack power infrastructure, simplifying procurement and long‑term maintenance.
For systems integrators and resellers, the family also broadens the ability to offer complete rack power packages under a single, trusted brand, strengthening CyberPower’s position in the power ecosystem.
For CyberPower, the new models strengthen its reputation as a complete rack power infrastructure provider, not just a UPS vendor.
In short, for customers, the new PDUs mean more consistent, reliable rack power distribution, simplified sourcing and deployment, scalable 32‑amp options for higher‑load environments and confidence in globally recognised power protection technology.
Robert Hartvigsen concluded, “By combining trusted reliability with scalable design, our PDUs help partners and customers build better‑performing, more consistent infrastructure.”
The new CyberPower PDU41004, PDU41005, PDU44004, and PDU44005 are available now through authorised CyberPower distributors and resellers.
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- By Neel Achary
14, May 2026
Amul Hikes Milk Prices by INR 2 Per Litre, Consumers Feel Inflation Heat !
Vadodara,May 14 (BNP): Dairy major Amul has increased the prices of its packaged milk variants by ₹2 per litre, with the revised rates coming into effect from May 14 across the country.
The price hike applies to popular variants including Amul Gold, Amul Shakti, Taaza, Cow Milk and Slim & Trim. Following the increase, a 500 ml pouch of Amul Gold will now cost ₹35, while Amul Shakti and Slim & Trim are priced at ₹32 and ₹26 respectively in Gujarat.
The move has triggered concern among consumers in Vadodara, where residents said the rising prices of essential commodities are putting additional pressure on household budgets. Many homemakers and middle-class families expressed worry over managing daily expenses, stating that milk is an essential item consumed in almost every household.
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets Amul products, said the increase amounts to nearly 2.5 to 3.5 per cent and marks the first hike in milk prices since May 2025.
14, May 2026
The Climate Pledge and C40 Cities Launch Blueprint to Electrify India’s Freight Highways
Bengaluru, May 14 : The Climate Pledge co-founded by Amazon, today published India’s first evidence-based roadmap for shifting freight transport from diesel to zero-exhaust-emission battery electric trucks in collaboration with C40 Cities .
The National EV Highway Guidance Framework recommends a phased plan to electrify India’s busiest freight routes by 2027, beginning with 20 priority highways identified by the Ministry of Heavy Industries, expanding to industrial centres and ports and ultimately creating a seamless, EV-ready national freight network by 2035
Why this Framework Matters India’s freight demand is expected to grow significantly in the coming years, increasing the need for cleaner transport solutions. Road transport already accounts for nearly 70% of goods movement in the country, while medium and heavy-duty trucks, despite making up just 3% of vehicles on the road, contribute around 53% of particulate emissions. With demand projected to grow over four-fold by 2050, scaling electric freight will be key to reducing emissions and improving efficiency. This Framework outlines practical pathways, aligned with the Government’s focus on electrification and sustainable mobility, and India’s commitment to achieving net-zero emissions by 2070.
“India’s transition to cleaner freight will require strong collaboration across government and industry. The EV Highway Guidance Framework launched under the Laneshift program today is an important step in this direction and will help create a scalable pathway for electric trucking in the country. Through the e-FAST India platform, NITI Aayog has been bringing together logistics operators, OEMs, energy providers, and financial institutions to build an enabling ecosystem for freight electrification. Building on these efforts, partnerships led by C40 Cities, The Climate Pledge, and private sector stakeholders such as Amazon and Ashok Leyland demonstrate how collaborative action can help move electric freight from pilots to large-scale deployment.” said Dr. O.P. Agarwal, Distinguished Fellow, NITI Aayog.
“We continue to invest in making our operations more sustainable, and electrifying our logistics is a key part of that effort. Through The Climate Pledge, we are also working with stakeholders to help scale electric freight solutions more broadly in India. The project findings and framework are encouraging, and reinforce the importance of continued collaboration between government and industry to accelerate adoption,” Abhinav Singh, VP, Operations, India and Australia, Amazon.
From Pilot Project to Policy The Framework draws insights from Laneshift pilot project, led by C40 Cities and The Climate Pledge, by bringing together truck manufacturers, fleet operators, logistics providers, and financiers to test electric freight. As part of the project, electric trucks completed 600 trips on the Bengaluru-Chennai corridor, covering over 200,000 km across sectors, generating insights on performance, reliability and cost, and supporting early adoption through long-term contracts. To assess scalability, the project also undertook a 6,500-km pilot along the Golden Quadrilateral, connecting Delhi, Mumbai, Chennai, and Kolkata.
Laneshift project demonstrated operational viability of electric freight across all use cases, and commercial viability for operations exceeding 400 km per day. The project saw 4.2-times increase in electric truck orders and the securing of long-term commercial contracts , signaling growing market confidence.
“Decarbonizing freight is not a future ambition; it is an immediate economic and public health imperative for the country. Laneshift has shown that zero-exhaust-emission trucks can operate commercially on long-haul corridors, that costs are coming down, and that when the right stakeholders align their efforts, barriers give way. India has the scale, the policy momentum, and the industry appetite to be the next frontier,” said Naim Keruwala, Regional Director for South and West Asia at C40 Cities.
14, May 2026
Compass Group India Backs Cage-Free Egg Production with Global Food Partners
New Delhi, May 14 : Global Food Partners a global consultancy helping food businesses achieve higher animal welfare standards in their supply chains, today announced it has supported Compass Group India, a leader in food services, to drive cage-free egg production and support local farmers in India.
According to the Release of Basic Animal Husbandry Statistics 2025 (2024–25) published by the Ministry of Fisheries, Animal Husbandry & Dairying, Government of India, the country is the world’s second-largest producer of eggs, with total production estimated at 149.11 billion eggs in 2024–25, reflecting steady year-on-year growth. However, an Ernst & Young report titled Transitioning to Cage-Free: A Roadmap for Corporates in the Egg Supply Chain highlights that a significant share of this production still relies on conventional battery cage systems, underscoring both the urgency and the opportunity to transition towards higher-welfare egg production practices.
Due to limited cage-free supplies and regional market gaps, Compass Group India is using cage-free credits to offset a portion of its caged egg purchases. GFP administers the Impact Incentives programme; cage-free credits enable food businesses to directly support egg farmers making a sustainable transition to cage-free production—while helping to build and secure future supply.
Compass Group has initially purchased around 4,000 cage-free credits in India, with each credit offsetting the purchase of 1,000 caged eggs—a total of four million eggs. The funds for this credit purchase go directly to three farms in India—U and V Agro, Hensway India, and Happy Hens Farm—to expand their cage-free capacities and invest in their logistics networks.
Via Compass Group Foundation, Compass Group India and other partners have also launched a new cage-free and free-range training centre with GFP as technical partner. The training centre, located outside of Bangalore, will support local farmers in their transitions to cage-free systems, teach best practices in egg production and management, and help farmers achieve long-term sustainability and profitability in their industry.
“Compass Group India has shown enormous leadership and innovation in not only their own cage-free commitments, but also in driving substantial, foundational change in how eggs are produced and supplied throughout India,” said GFP CEO Elissa Lane. “Their commitment to responsible sourcing extends to the new training centre that meaningfully supports farmers and strengthens the nation’s food system.”
Compass Group has published a complete Animal Welfare Progress Report for 2026 with more details.
Other industry giants that have adopted Impact Incentives as part of their cage-free strategy include Kellanova, Best Western Hotels, Lagardère Travel Retail, and PizzaExpress. By sourcing cage-free eggs whenever possible, and using cage-free credits to address any supply-chain shortfalls, companies can report 100 percent compliance with cage-free mandates. GFP currently focuses on egg production throughout Asia, and has capabilities in Europe, North America, the Middle East, and Latin America.
14, May 2026
ENTECH 2026 ready to roll with new attractions
SYDNEY, 14 May 2026 – ENTECH, Australia’s longest-running AV trade roadshow and the only event for AV and entertainment technology professionals that visits every major population centre, is back for 2026. Starting next week it will tour five cities across the country with a packed one-day program of seminars, hands-on demonstrations and its new Tech Train.

ENTECH Roadshow to Experience event
The ENTECH Roadshow kicks off in Sydney on Tuesday 19 May followed by Brisbane on Thursday 21 May, Melbourne on Tuesday 26 May, Adelaide on Thursday 28 May and wraps up its Australian tour in Perth on Tuesday 2 June.
A highlight of every city stop, the Tech Train runs three times daily departing at 12pm, 1:30pm and 3pm from the NW Group ENTECH Theatre. Hosted by Keils, the guided floor walk takes attendees through exhibitor stands to see the latest products and technologies in action.
ENTECH CEO Kate McKenzie explained, “The Tech Train is the fastest way to get across what’s new without missing a thing.”
This year ENTECH also introduces two brand-new interactive demo zones, an Audio Demo Zone and a Tech Demo Zone, running back-to-back 15-minute sessions throughout the day.
McKenzie added, “Both zones offer attendees a close-up look at new systems from leading manufacturers, with audio sessions running from 11:30am and Tech sessions from 12:30pm.”
The Keynotes will be in the NW Group Theatre with hot topics at midday including Electrical Compliance to which McKenzie added, “Here our industry will detail the current hot mess of state-by-state regulations, Test and Tag and the dreadful new electrical Certificate of Compliance risk. Australia and New Zealand are the only places on earth that do Test and Tag in such a shambolic manner, and the eCoC is real: ENTECH will meet it at one of our venues.”
Immediately after the keynote, attendees can join Susan Twartz as she seeks to unify the challenging induction regimes, with some solid examples of a unified venue approach. Sessions run all day in the Theatre and like all ENTECH experiences, they are free.
The main event is the trade show itself which features most major distributors across pro audio, lighting, staging and vision for the entertainment and installation markets. With 60 stands the floor is bust and all attractions are contained within the show so it is easy and efficient to navigate, making even the most time poor people happy.

ENTECH CEO Kate McKenzie
Kate McKenzie concluded, “Running since 1994, ENTECH is a one-day trade event designed for integrators, AV designers and end-users who want direct access to top suppliers and manufacturers. The compact format keeps things sharp, so exhibitors focus on key and new products only and conversations on the floor are worth having. With 30% of attendees carrying annual budgets of $100K or more, it’s a quality crowd.”
After the Australian ENTECH the roadshow is staged fresh in NZ, opening at the new Auckland International Convention Centre on Tuesday 28 July then rolling Thursday 30 July into Lower Hutt Events Centre in Wellington, and crossing the straight to Te Pae in Christchurch for Tuesday 4 August.
Attendance is free for trade guests.
14, May 2026
AVer and Lightware Launch Global Collaboration to Enhance AI-Powered Video Experiences

Taipei, Taiwan – May 14: AVer Information Inc. , an award-winning provider of AI audio-video solutions, today announced a worldwide collaboration with Lightware Visual Engineering. This joint effort brings together AVer’s AI-powered camera technology and Lightware’s premier signal management solutions to address the growing demand for high-quality video in modern hybrid environments.
By featuring AVer’s Pro AV and USB video conferencing lines alongside the Lightware Taurus UCX, Taurus TPX, Taurus TPN, and USB20 Extender Family, the two companies are providing a comprehensive visual and connectivity portfolio for global enterprise and education markets.
Focusing on the User Experience
This collaboration is centered on providing users with a streamlined approach to “Bring Your Own Meeting” (BYOM) setups. By utilizing AVer’s AI-driven imaging designed— for intelligent tracking and framing — together with Lightware’s signal delivery platforms, organizations can create professional grade meeting spaces that are easy to navigate and operate.
“At AVer, we are constantly looking for ways to enhance how people connect through our AI audio-video solutions,” said David Kuo, President of AVer Information Inc. “Collaborating with Lightware allows us to showcase our professional cameras within a world-class connectivity environment. We are excited to define a new benchmark for the Pro AV community, illustrating how our combined portfolios advance modern collaboration.”
“Lightware is excited to join forces with AVer to highlight the power of high-quality imaging combined with world-class signal management,” said Gergely Vida CEO at Lightware. “The combination of the Taurus product family and AVer’s camera solutions creates the ideal foundation for a professional meeting space.”
See the Solutions in Action
The highlight of this collaboration is the ability for partners and customers to see these solutions working side-by-side in real-world scenarios. AVer and Lightware are inviting the industry to explore these setups at dedicated training and experience hubs.
- Düsseldorf: The Lightware Düsseldorf Training Center is now featuring AVer’s AI tracking cameras as part of its live demonstration environment.
- Dubai & London: Additional showcases are coming soon to the Lightware Dubai and London Experience Centres, providing regional hubs for professionals to see these solutions paired together in person.
A Shared Vision for the Future
As leaders in their respective fields, AVer and Lightware are dedicated to enhancing the professional AV and video conferencing landscape. By aligning AVer’s AI-driven visual technology with Lightware’s world-class signal management, this collaboration offers a forward-thinking approach to modern, flexible workspaces. Together, the two companies are focused on making professional grade collaboration more accessible and effective for users worldwide.
14, May 2026
Spendflo Launches Flo AI: An Autonomous Procurement Workforce for Mid-Market Companies
Flo AI runs the full intake-to-pay lifecycle autonomously, giving lean procurement teams the capacity to operate as a much larger function without the headcount to match.
San Francisco, CA – May 14: Spendflo has launched Flo AI, an autonomous procurement workforce designed for mid-market companies. Flo AI runs the complete procurement lifecycle: intake, approvals, vendor management, contract review, and accounts payable, as a single connected system. It does not assist procurement teams. It acts on their behalf.
Most companies at this stage run procurement with a small team, often one to five people, managing a volume of requests, renewals, and vendor relationships that a larger operation would handle with a dedicated department. Flo AI was built for exactly this: giving lean procurement functions the capacity to operate at a speed and scale that was previously out of reach.
Three agents. One connected system.
Flo is made up of three purpose-built agents, each covering a distinct phase of the procurement lifecycle.
- Flo Procure handles every purchase request from first submission to approved purchase order. It routes requests, checks budget and policy, collects vendor documentation, and drives approval workflows to completion. Requests no longer wait on a procurement manager to coordinate them through the process.
- Flo Contracts reads, redlines, and tracks vendor agreements. It surfaces non-standard clauses, extracts key commercial terms, and flags upcoming renewals before they slip through. Every contract processed through Spendflo informs how Flo Contracts handles the next one.
- Flo AP (Accounts Payable) matches incoming invoices against purchase orders and contracts, routes exceptions for human review, and processes payment. Because Flo AP shares context with Flo Procure and Flo Contracts, it verifies invoices against what was actually agreed at sourcing, not just what the vendor submitted.
The three agents work as one system. Context carries forward at every stage. What Flo Procure learns about a vendor informs how Flo Contracts reads their agreement. What Flo Contracts extracts from the agreement informs how Flo AP handles the invoice. This continuity is what separates Flo from the point solutions most procurement teams are stitching together today.
The problem Flo AI was built to solve
Mid-market companies face a specific procurement challenge. They have outgrown informal processes but have not yet built the procurement infrastructure that larger organisations rely on. The gap is filled by small teams doing high volumes of manual work: chasing approvals, reconciling invoices, managing renewals, and fielding requests from across the business.
The tools available to them have not kept up. Most procurement software was designed either for large enterprise deployments with dedicated implementation teams, or for early-stage companies with simpler needs. Point solutions for intake, contracts, and accounts payable exist in abundance. What has been missing is a system that connects them, one that carries the context of a purchase request all the way through to the payment that closes it.
Flo was built on that full context from the ground up. Since founding, Spendflo has processed more than $3.2 billion in total spend across invoices, purchase orders, and contracts on its platform. That data informs how Flo categorises spend, identifies exceptions, and understands what efficient procurement looks like across different industries and company sizes.
Siddharth Sridharan, CEO, Spendflo commented: “The companies we work with are not looking for more software to manage. They are looking for a procurement function that runs. Flo handles intake, approvals, contracts, and accounts payable. What remains for the procurement team is the work that actually requires their judgment: vendor strategy, commercial negotiation, and the decisions that move the business forward. We are starting to see a new kind of procurement professional emerge at these companies. Someone who thinks in systems, sets the strategy, and lets the agents execute. That is the direction this is heading.”
The rise of the procurement engineer
With this launch, Spendflo is introducing a new role it believes will define the next generation of procurement operations: the procurement engineer.
The procurement engineer is not a coordinator. They do not spend their days chasing approvals, tracking down documents, or manually reconciling invoices. They configure and orchestrate an AI agent workforce to run procurement operations end to end. They design the workflows Flo executes. They own the vendor strategy Flo acts on. They set the policies Flo enforces. Their time goes to the work that requires human judgment: negotiations, vendor relationships, commercial strategy, and the systems thinking that makes procurement a lever for the business rather than a cost centre behind it.
This is a structural shift in what procurement functions look like. Most procurement teams today are built around coordination and process management. People spend the majority of their time moving information between systems and stakeholders. As AI agents take over that operational layer, the procurement function reorganises around a smaller, more senior profile: one person with strong commercial instincts and deep systems thinking, running an agent workforce that executes on their behalf.
The analogy is the GTM engineer, a role that emerged when revenue teams realised that configuring and orchestrating go-to-market tooling required a distinct skill set closer to systems design than sales execution. Procurement is undergoing the same shift. The procurement engineer is the person who makes Flo smarter and more precisely tuned to their organisation over time. They are not replaced by AI. They are the ones who run it.
For mid-market companies, lean procurement is not a constraint. It is the operating model. One procurement engineer orchestrating an agent workforce will run procurement with more speed, more intelligence, and more commercial impact than a headcount-heavy team running manual processes.
Availability
Flo is available now. It is designed for mid-market companies between $50 million and $1 billion in revenue, and connects to existing ERP, finance, and contract infrastructure without requiring organisations to replace current systems.
14, May 2026
Air India Announces Major Summer Flight Cuts Due to Fuel Prices and Airspace Restrictions !
New Delhi, May 14 (BNP): Facing mounting financial pressure amid the ongoing fuel crisis and geopolitical tensions, Air India has announced a major reduction in its international summer flight operations, suspending and scaling down services on several key routes till August 2026.
According to the revised schedule, the airline will operate nearly 37 per cent fewer international flights between June and August compared to April operations. Monthly international departures are expected to drop significantly as rising aviation turbine fuel prices, restricted airspace due to the West Asia conflict and declining route profitability continue to impact operations.
Several major routes connecting India with North America, Europe, Australia and Asia have been affected. Services on routes such as Delhi-Chicago, Delhi-Shanghai and Chennai-Singapore have been temporarily suspended, while flight frequencies on destinations including Paris, Melbourne, Singapore and Kathmandu have been reduced.
Air India, however, said it will continue operating more than 1,200 international flights every month during the affected period. The airline has offered affected passengers options including alternative flights, free rescheduling and full refunds if the revised schedules are not suitable.
The operational changes come at a time when the Tata Group-owned airline is battling heavy financial losses, rising fuel costs and global travel disruptions. Industry experts believe the airline is prioritising cost control and operational stability as part of its ongoing turnaround strategy.
Air India has also reportedly initiated several internal cost-cutting measures, including curbing discretionary spending and reviewing operational expenses, as it attempts to navigate one of the toughest phases for the aviation sector in recent years.
14, May 2026
Sdeira Group and Metal Park sign MoU – Integrated Workforce and Infrastructure in the UAE
UAE, 14 May 2026 – Sdeira Group has signed a Memorandum of Understanding with Metal Park, the world’s first pay-as-you-go metals ecosystem located in KEZAD, to co-develop a customised staff accommodation community in KEZAD Al Mamourah A dedicated to Metal Park’s companies and the wider metals manufacturing and operations base. The collaboration brings together Sdeira’s integrated group-living platform and Metal Park’s innovative industrial model to create a workforce community designed around the specific needs of metals industry tenants and end users.
Metal Park, a 500,000 sqm ecosystem launched in KEZAD with an investment of AED 430 million, is engineered to help downstream metals businesses scale using a flexible, pay-as-you-go framework, supported by production, storage and business hubs in one connected destination. By aligning a dedicated accommodation community with this ecosystem, the MoU aims to ensure that the people powering metals production benefit from the same level of planning, integration and operational efficiency as the industrial assets they serve.
The planned community will leverage Sdeira’s experience in developing and operating integrated workforce environments close to industrial and logistics corridors, ensuring organised movement, shared services and daily-life support that are closely mapped to shift-based operations and safety requirements in metals manufacturing. For Metal Park tenants, this is intended to translate into improved workforce attraction and retention, reduced commuting time and a more stable operational base within KEZAD.
Commenting on the MoU, a Sdeira Group spokesperson said:
“Sdeira Group is redefining group living communities in industrial and economic zones, to be integrated ecosystems enabling industries and enforcing infrastructures, and that aligns with Metal Park’s scalable and flexible model, which marks the importance of this partnership through co-planning a customized staff accommodation community in KEZAD Al Mamoura A.”
A representative of Metal Park added:
“Our ecosystem is built to remove complexity and heavy upfront investment for metals businesses. Partnering with Sdeira allows us to offer a more complete proposition to our members—linking advanced industrial facilities with high-quality, well-managed accommodation within the same strategic industrial zone.”
The MoU forms a part of Sdeira’s broader program at Make it in the Emirates 2026, where the Group is highlighting how integrated group living can act as critical infrastructure for industrial clusters across KEZAD and beyond.
14, May 2026
Knowledge Realty Trust, India’s largest REIT , delivers strong Q4 & FY26 results

FY26 Revenue up 16% YoY; NOI up 18% YoY; Rs 21,019 million distributions since listing in Aug’25
Mumbai, India, May 14: Knowledge Realty Trust, India’s largest1 and most geographically diverse office REIT, announced its quarterly and year ended March 31, 2026, results, today.
KRT was included in FTSE All World, All Cap and Nareit Global REITs indices in FY26, reflecting growing global investor recognition. The company also saw broadening participation across investor classes, with the unitholder base more than doubling since listing.
Business Highlights:
•AI resilient portfolio backed by three attributes – 45% of gross rentals from GCC occupiers; Negligible exposure to traditional IT Services sector; and 31% of portfolio value in Front Office assets
•In Q4 FY26, achieved gross leasing of 1.1 million square feet taking cumulative leasing for FY26 to 3.5 million square feet and portfolio occupancy to 92%
•In FY26, in-place rents grew 7% YoY and achieved strong leasing spreads of 26%
•Rents achieved on new leasing in FY26 were at 5% premium to market rents reflecting superior asset quality and embedded pricing power
•Front office demand drove Central Mumbai portfolio occupancy up 10% YoY. Rentals achieved for leasing during the year up 27% YoY
•Expansions by existing tenants contributed to 56%2 of new leasing done in FY26, evidencing strong occupier satisfaction and long-term relationships
•Achieved annual escalations in over 87% of FY26 leasing
•Sizeable mark-to-market potential of 25% supported by a well-phased lease expiry profile
•Commenced construction of a new 1.4 million square feet block at Sattva Global City in Bengaluru, over and above existing under construction portfolio of 1.2 million square feet
Financial / Distribution Highlights:
•FY26 Revenue grew 16% YoY to Rs. 45,772 million. NOI up 18% YoY to Rs. 40,484 million translating to NOI margin of 88%
•Raised debt of Rs 42,000 million in FY26 at a blended cost of 7.3%
•During FY26, high-cost debt replacement, rate re-negotiations & rate cuts reduced cost of debt from 8.6% to 7.2% • Low LTV of 18% enables significant headroom for inorganic growth
•Declared distributions of Rs 7,166 million or Rs 1.62 per unit for Q4 FY26 taking cumulative distributions since listing in Aug’25 to Rs 21,019 million or Rs 4.74 per unit.
Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said,
“We are delighted to report strong FY26 operating performance and robust distributions of Rs. 21,019 million (Rs. 4.74 per unit since listing. We are happy to inform that KRT was included in FTSE All World, All Cap and Nareit Global REITs indices in FY26, reflecting growing global investor recognition. Encouragingly, we continue to see broadening participation across investor classes, with our unitholder base more than doubling since listing. We enter FY27 with strong operating momentum, a resilient balance sheet and multiple visible growth levers.”
Quaiser Parvez, Chief Operating Officer of Knowledge Realty Trust, said,
“During FY26, we saw robust leasing momentum led by expansions from existing marquee tenants, resulting in revenue growth of 16% YoY. NOI grew 18% YoY to Rs. 40,484 million with industry-leading margins. We achieved cumulative leasing of 3.5 million square feet for the year ended March 2026 at an average spread of 26% driven by global and domestic occupiers. With an AI resilient portfolio representing one of India’s finest Grade-A office ecosystems, concentrated in the strongest markets of the country, we are well positioned to deliver sustainable growth to our unitholders.”
Investor Materials and Quarterly Investor Call Details
Knowledge Realty Trust has released a package of information on the results and performance, which includes an earnings presentation covering Q4 & FY26 results. All these materials are available in the Investor Relations section of our website at www.knowledgerealtytrust.com. Knowledge Realty Trust will host a conference call on Wednesday, May 13, 2026, at 16:30 hours Indian Standard Time to discuss the Q4 & FY26 results. A replay of the call will be available in the Investor Relations section of our website at www.knowledgerealtytrust.com.