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Cartis diligence evidence schedule

Digital Connexion Chennai Campus / MAA10

PRJ-1308 · Site · Chennai, Tamil Nadu, India

Record last updated Oct 29, 2026

Scope and capacity

Digital Connexion’s Ambattur campus in Chennai is planned for four buildings and approximately 100 MW of potential IT capacity. MAA10 launched in January 2024 with an operator specification of 20 MW IT. Ind-Ra’s September 2026 rationale reports 6 MW ready for service and 16.6 MW of remaining MEP works targeting March 2027, but gives a 22.4 MW Building 1 total. Those components sum to 22.6 MW; neither that discrepancy nor the difference from the operator specification is reconciled. Reported offtake agreements cover 21 MW, not occupied load.

Headline: 100 MW Planned / design

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Jump to a claim (9)

Planned campus capacity MW · 100 MW

Planned / design or future potential · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162093 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. 20 MW IT and 100 MW expansion scope

    Digital Connexion · Document date: Not stated · Primary

    Source reference: SRC-8185 · Company announcement · Recorded authority: Party primary

    Source URL

    https://digitalconnexion.com/resources/insights/unveiling-maa10-chennai-your-gateway-to-south-asia

Site location · Ten acre, four building Chennai campus in Ambattur; MAA10 is initial facility, not an additional campus. Corporate Mumbai address is not site address.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162094 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Campus locality/land

    Digital Connexion · Document date: Not stated · Primary

    Source reference: SRC-8181 · Company announcement · Recorded authority: Party primary

    Source URL

    https://digitalconnexion.com/india/chennai

Land and site control context · 10 Acres and four building campus identified by operator.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162095 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Campus locality/land

    Digital Connexion · Document date: Not stated · Primary

    Source reference: SRC-8181 · Company announcement · Recorded authority: Party primary

    Source URL

    https://digitalconnexion.com/india/chennai

Reviewed maa10 entity context · Ind-Ra identifies DXDC Chennai Private Limited, formerly BAM DLR Chennai Private Limited, as the entity developing MAA10, the first phase of a Chennai campus with approximately 100 MW potential IT capacity. This is project entity evidence, not parcel title.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162590 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai Private Limited — India Ratings rationale, September 16, 2026

    India Ratings and Research · Document date: Sep 16, 2026 · Primary

    Source reference: SRC-8297 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/pressrelease/pl2c3ngm96uez9kvlbhiu1ai

Reviewed maa10 capital context · Ind-Ra’s September 16, 2026 rationale reports an estimated INR 14.2 billion Building 1 project cost and availability of an INR 9.25 billion construction finance term facility. It says all committed equity had been infused by end-August 2026. These are distinct cost, facility and equity statements; the facility amount is not verified drawn or outstanding debt, and the equity statement gives no total amount. The September 2026 rationale anticipates conversion of construction finance to receivables discounting finance upon commissioning; it does not confirm refinancing closure or final terms.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162591 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai Private Limited — India Ratings rationale, September 16, 2026

    India Ratings and Research · Document date: Sep 16, 2026 · Primary

    Source reference: SRC-8297 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/pressrelease/pl2c3ngm96uez9kvlbhiu1ai

Reviewed maa10 lenders context · The issuer reported bank table, as of September 16, 2026, lists Axis Bank Limited: Term Loan, rated amount INR 2,300 million, issuance April 22, 2024; and ICICI Bank: Term Loan, rated amount INR 6,950 million, issuance April 19, 2024. Both rows show maturity December 31, 2027 and IND AA-/Stable. These are rated amounts, not verified disbursements or current outstanding balances; issuance dates are source table fields, not independently confirmed financial close dates.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162592 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai — issuer-reported bank facility details as of September 16, 2026

    India Ratings and Research · Document date: Not stated · Primary

    Source reference: SRC-8298 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/racbankwisefacility/85797

Reviewed maa10 commercial context · Ind-Ra’s September 2026 rationale reports offtake agreements covering 21 MW, including approximately 20.2 MW under a ten year enterprise customer agreement. Contracted capacity is not occupied electrical load; the customer is unnamed.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162593 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai Private Limited — India Ratings rationale, September 16, 2026

    India Ratings and Research · Document date: Sep 16, 2026 · Primary

    Source reference: SRC-8297 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/pressrelease/pl2c3ngm96uez9kvlbhiu1ai

Reviewed maa10 currentness context · Ind-Ra’s September 2026 rationale reports 6 MW ready for service, with MEP works for the stated remaining 16.6 MW targeting March 2027. It repeatedly gives approximately 22.4 MW as the planned Building 1 total, increased from 20.4 MW. The components sum to 22.6 MW, not 22.4 MW; the discrepancy remains unresolved. The operator page still lists a 20 MW specification. These figures do not establish occupied load or a reconciled replacement capacity.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162594 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai Private Limited — India Ratings rationale, September 16, 2026

    India Ratings and Research · Document date: Sep 16, 2026 · Primary

    Source reference: SRC-8297 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/pressrelease/pl2c3ngm96uez9kvlbhiu1ai

  2. MAA10 technical specifications

    Digital Connexion · Document date: Not stated · Corroborating

    Source reference: SRC-8184 · Company announcement · Recorded authority: Party primary

    Source URL

    https://digitalconnexion.com/india/maa10

Reviewed maa10 revenue context · Ind-Ra’s September 2026 rationale reports rental receipts had begun for 0.8 MW and forecasts rental commencement for another 5.2 MW on October 15, 2026 and 15 MW on June 30, 2027. These are rental milestones, not measured electrical load or independently verified commissioning; an elapsed forecast date does not prove execution.

Reported rounded · Digital Connexion Chennai Campus / MAA10 (Project)

Claim 162595 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DXDC Chennai Private Limited — India Ratings rationale, September 16, 2026

    India Ratings and Research · Document date: Sep 16, 2026 · Primary

    Source reference: SRC-8297 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.indiaratings.co.in/pressrelease/pl2c3ngm96uez9kvlbhiu1ai

Counterparties and capital

Digital Connexion · Developer, Operator · CMP-1729

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.