Key Points from the Announcement

• CapitaLand India Trust (CLINT), managed by CapitaLand India Trust Management Pte. Ltd. (CLINTMPL), has disclosed a significant transaction under Rule 704(31) of the SGX Listing Manual.
• Datascape Realty Private Limited (DRPL), a 79.8%-owned subsidiary of CLINT, has entered into a INR16.72 billion (approx. S\$225.9 million) construction loan facility with Mizuho Bank Limited.
• CLINT has also availed a Standby Letter of Credit (SBLC) facility from Mizuho Bank Limited, Singapore Branch, with an overall limit of INR17.72 billion (approx. S\$239.5 million).
• The loan facility and SBLC are both effective as of 3 June 2026.

Critical Triggers and Events Shareholders Must Watch

• The Facility Agreement specifies mandatory prepayment and default events if CLINT, without lender consent, ceases to:
  • Hold at least 51% of DRPL’s share capital (directly or indirectly).
  • Retain management control in DRPL.
• The SBLC can be terminated if any of the following occur:
  • CapitaLand Investment Limited (CLI) ceases to own at least 51% of CLINTMPL’s issued and paid-up capital.
  • CLINT is terminated as per the Trust Deed provisions.
  • CLINTMPL is no longer the trustee-manager of CLINT.
• If either the Facility Agreement (FA) triggers or SBLC triggers occur and DRPL or CLINT fails to pay their outstanding amounts, this could trigger cross defaults across other facilities, debt issues, and borrowings.
• The total borrowings that could be affected by such default events amount to approximately S\$1,724 million (excluding interest).
• As of the announcement date, none of these trigger events have occurred.

Potential Price-Sensitive Implications

• The size of the loan facility and the SBLC, together with the cross-default implications, make this a material event for shareholders. Any breach of the trigger events could have significant negative impacts on CLINT’s financial stability, ability to service debt, and could affect share price due to increased risk of default.
• Investors should closely monitor any changes in shareholding or management control in DRPL, as well as the ownership structure of CLINTMPL, as these are directly linked to the default triggers.
• The announcement highlights the importance of maintaining current ownership and management arrangements to avoid triggering potentially adverse financial events.

Additional Investor Information

• The value of CLINT units and derived income may fluctuate. Units are not obligations, deposits, or guaranteed by CLINTMPL or its affiliates.
• Investment in CLINT units is subject to risks, including possible loss of principal. Investors cannot redeem units directly—the only option is trading on SGX-ST.
• Past performance is not indicative of future results.
• The announcement does not constitute an offer or invitation to acquire, purchase, or subscribe for units.

Disclaimer

This article is intended for informational purposes only and does not constitute financial advice, an offer, or solicitation to buy or sell any securities. Investors are advised to conduct their own due diligence and consult their financial advisors before making any investment decisions. The information provided is based on the latest public disclosures from CapitaLand India Trust and may be subject to change.

公告要点

• 凯德印度信托（CLINT）由凯德印度信托管理私人有限公司（CLINTMPL）管理，依据新交所上市规则第704(31)条，披露了一项重大交易。
• CLINT持有79.8%股权的子公司 Datascape Realty Private Limited（DRPL），与瑞穗银行签订了一份 167.2亿印度卢比（约新币2.259亿）的建设贷款协议。
• CLINT还从瑞穗银行新加坡分行获得了一份 备用信用证（SBLC）融资，总额度为 177.2亿印度卢比（约新币2.395亿）。
• 贷款及SBLC均于 2026年6月3日生效。

关键触发事件及投资者需要关注的内容

• 协议规定，若CLINT未经贷款方书面同意，发生以下事件则必须提前还款并构成违约：
  • 不再直接或间接持有DRPL至少 51%股权。
  • 失去对DRPL的 管理控制权。
• SBLC也有触发条款，若发生以下情况SBLC可被终止：
  • 凯德投资有限公司（CLI）不再直接或间接持有CLINTMPL至少 51%已发行和实缴资本。
  • CLINT根据信托契约被终止。
  • CLINTMPL不再是CLINT的受托管理人。
• 若上述触发事件发生且DRPL或CLINT未能偿付到期款项，则可能引发 交叉违约，影响其他融资、债务及借款。
• 可能受影响的总借款高达 新币17.24亿（不含利息）。
• 截至公告日，尚未发生任何触发事件。

对股价的潜在影响

• 贷款及SBLC规模庞大，触发事件与交叉违约风险使其成为 股东需关注的重要事项。任何违约都可能严重影响CLINT财务稳定性及偿债能力，进而影响股价。
• 投资者应密切关注DRPL的股权及管理控制变动，以及CLINTMPL的股权结构，因为这些直接影响违约触发条款的是否生效。
• 公告强调维持现有股权及管理结构的重要性，以避免触发不利财务事件。

投资者其他须知

• CLINT单位价值及收益可能波动。单位不是CLINTMPL及其关联方的义务、存款或担保。
• 投资CLINT单位有风险，包括本金损失。投资者无法直接赎回单位，只能通过新交所交易。
• 过去业绩不代表未来表现。
• 本公告不构成认购、购买或收购单位的邀请或要约。

免责声明

本文仅供信息参考，不构成任何投资建议、要约或买卖证券的邀请。投资者须自行进行尽职调查，并咨询财务顾问。信息来自凯德印度信托最新公告，可能随时变更。