Prestige Estates Projects Limited — Capital/Financing Update 2024

Dec 30, 2024

==> picture [74 x 90] intentionally omitted <==

Date: December 30, 2024

To ,

The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India BSE Limited Limited Bandra Kurla Complex Floor 25, P J Towers Bandra (E) Dalal Street Mumbai-400051 Mumbai – 400 001 NSE Scrip code: PRESTIGE BSE Scrip code: 533274

Dear Sir / Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we Prestige Estates Projects Limited (“the Company”) wish to inform the following Investment/divestments made on December 30, 2024:

1. Prestige Exora Business Parks Limited, wholly owned subsidiary of the Company, has subscribed to 96,079 equity shares of WSI Falcon Infra Projects Private Limited, to hold 49% equity stake.

2. WSI Falcon Infra Projects Private Limited is developing IT/IT enabled services/parks in 6.53 acres of land situated at Porur, Chennai.

3. The Company being a partner in M/s. Prestige Realty Ventures (“ PRV ”) with 99.9% ownership has retired from PRV and Prestige Hospitality Ventures Limited, wholly owned subsidiary of the Company, has been admitted as partner in PRV by way of capital and current account contribution for 99.9% ownership and economic rights.

4. Since, Prestige Hospitality Ventures Limited is a wholly owned subsidiary of the Company there is no dilution in the stake of the Company in PRV.

5. Village De Nandi Private Limited, wholly owned subsidiary of the Company being a partner in M/s. Prestige MRG Eco Ventures (“ Prestige MRG ”) with 50% ownership has retired from Prestige MRG and Prestige Hospitality Ventures Limited, wholly owned subsidiary of the Company, has been admitted as partner in Prestige MRG by way of capital and current account contribution for 50% ownership and economic rights.

Since, Prestige Hospitality Ventures Limited is a wholly owned subsidiary of the Company there is no dilution in the stake of the Company in Prestige MRG.

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July, 2023 and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 are enclosed in Annexure I.

This is for your information and records.

Thanking you.

Yours faithfully,

For Prestige Estates Projects Limited

VENKATARATHN Digitally signed by VENKATARATHNAIAH AIAH SETTY SETTY JEELAKUNTE JEELAKUNTE MANOJ KRISHNA Date: 2024.12.30 20:27:14 MANOJ KRISHNA +05'30' Manoj Krishna J V Company Secretary & Compliance Officer

Encl: a/a

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

Annexure – I

Information as required under Regulation 30-Para A Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:

1. Acquisition – WSI Falcon Infra Projects Private Limited:

==> picture [461 x 507] intentionally omitted <==

----- Start of picture text -----

Name of the target entity, details in WSI Falcon Infra Projects Private Limited is
1. brief such as size, turnover etc. engaged in the business of Real Estate
Development.
Turnover for the year ended March 31, 2024
is Nil
Whether the acquisition will fall No.
2. within related party transaction(s)
and whether promoter/ promoter
group have any interest in the entity
being acquired? If yes, nature of
interest and details thereof and
whether the same is done at “arm’s
length”
3. Industry to which the entity belongs Real Estate Development
to
4. Objects and impact of acquisition For development of IT/IT enabled
(including but not limited to, services/parks in 6.53 acres of land situated
disclosure of reasons for acquisition at No.108, Mount Poonamallee Road, Porur,
of target entity, if its business is Chennai – 600 116.
outside the main line of business of
the listed entity);
Brief details of any governmental Not Applicable
5. or regulatory approvals required
for the acquisition;
Indicative time period for Completed on December 30, 2024.
6. completion of the acquisition
Nature of consideration - whether Cash consideration paid through Banking
7. cash channel
consideration or share swap and
details of the same;
Cost of acquisition or the price at Rs. 9,60,790/-
8. which the shares are acquired
----- End of picture text -----

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

==> picture [461 x 626] intentionally omitted <==

----- Start of picture text -----

Percentage of shareholding / 96,079 Equity Shares of Rs.10/- each
9. control acquired and / or number
Pursuant to this subscription, Prestige Exora
of shares acquired;
Business Parks Limited will hold 49% equity
stake in WSI Falcon Infra Projects Private
Limited.
Brief background about the entity WSI Falcon Infra Projects Private Limited is
10. acquired in terms of products/line engaged in the business of Real Estate
of business acquired, date of Development.
incorporation, history of last 3 years
It was incorporated on 14/11/2019. It has no
turnover, country in which the
Turnover during the last three years.
acquired entity has presence and
any other significant information
(in brief);
2. Restructuring of Prestige Realty Ventures (Subsidiary):
Name of the target entity, details in M/s. Prestige Realty Ventures is a partnership
1. brief such as size, turnover etc. firm formed in 2009 and is into business of real
estate development.
Turnover as on March 31, 2024 –
Rs. 632.98 crores.
The total fixed capital contribution by the
partners in the Firm as on 31 [st] March, 2024 is
Rs. 91.11 crores.
Whether the acquisition will fall The Company is retiring from the firm and
2. within related party transaction(s) Prestige Hospitality Ventures Limited, wholly
owned subsidiary of the Company is getting
and whether promoter/ promoter
admitted as a partner for 99.99% ownership
group have any interest in the entity
and economic rights.
being acquired? If yes, nature of
interest and details thereof and
The promoters and other partners continue to
whether the same is done at “arm’s
hold 0.01% ownership and economic rights of
length” the firm.
3. Industry to which the entity belongs Real Estate development
to
4. Objects and impact of acquisition Business reasons
(including but not limited to,
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity);
----- End of picture text -----

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

5.	Brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable
6.	Indicative time period for completion of the acquisition	To be completed within 60 days.
7.	Nature of consideration - whether cash consideration or share swap and details of the same;	Cash consideration of approximately Rs. 168.35 crores
8.	Cost of acquisition or the price at which the shares are acquired	The Company is retiring from the partnership firm by withdrawing consolidated capital and current account balance of approximately Rs. 168.35 crores. Prestige Hospitality Ventures Limited will contribute consolidated capital and current account balance of approximately Rs. 168.35 crores forgettingadmitted into the firm.
9.	Percentage of shareholding / control acquired and / or number of shares acquired;	99.99% of ownership and economic rights in Firm.
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (inbrief);	Prestige Realty Ventures is a partnership firm formed in 2009 and is into business of construction and real estate development. It currently owns Hotel “Moxy - Prestige Tech Cloud” at Bengaluru. The partnership firm is registered under the Indian Partnership Act, 1932 on February 7, 2009 having Firm registration no: 771/08.09 and its registered office is situated at Prestige Falcon Tower, No.19, Brunton Road, Bangalore – 560025. The total capital contribution by the partners in the firm as on 31st March, 2024 is Rs. 91.11 crores. Turnover as on March 31, 2024 – Rs. 632.98 crores.

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

3. Restructuring of Prestige MRG Eco Ventures (Joint Venture):

==> picture [461 x 562] intentionally omitted <==

----- Start of picture text -----

Name of the target entity, details in M/s. Prestige MRG Eco Ventures is a
1. brief such as size, turnover etc. partnership firm formed in 2023 and is into
business of Real Estate development.
Turnover as on March 31, 2024 –
Rs. 1.25 crores
The total fixed capital contribution by the
partners in the Firm as on 31st March, 2024 is
Rs. 0.10 crores.
Whether the acquisition will fall Village De Nandi Private Limited, wholly
2. within related party transaction(s) owned subsidiary of the Company is exiting the
target firm. Prestige Hospitality Ventures
and whether promoter/ promoter
Limited, wholly owned subsidiary of the
group have any interest in the entity
Company is getting admitted as a partner for
being acquired? If yes, nature of
50% ownership and economic rights.
interest and details thereof and
whether the same is done at “arm’s
The Promoters do not hold any interest in the
length” partnership firm.
3. Industry to which the entity belongs Real Estate development
to
4. Objects and impact of acquisition Business reasons
(including but not limited to,
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity);
Brief details of any governmental Not Applicable
5. or regulatory approvals required
for the acquisition;
Indicative time period for To be completed within 60 days.
6. completion of the acquisition
Nature of consideration - whether Cash consideration of approximately Rs.40.92
7. cash consideration or share swap crores.
and details of the same;
Cost of acquisition or the price at Village De Nandi Private Limited, wholly
8. which the shares are acquired owned subsidiary of the Company is retiring
from the partnership firm by withdrawing
consolidated capital and current account
balance of approximately Rs.40.92 crores.
----- End of picture text -----

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

==> picture [74 x 90] intentionally omitted <==

		Prestige Hospitality Ventures Limited will contribute consolidated capital and current account balance of approximately Rs. 40.92 crores forgettingadmitted into the firm.
9.	Percentage of shareholding / control acquired and / or number of shares acquired;	50% of ownership and economic rights in Firm.
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (inbrief);	Prestige MRG Eco Ventures is a partnership firm formed in 2023 and is into Real Estate development. The firm currently owns around 225 acres of coffee plantation in Sakleshpura, Hassan and intends to develop integrated project of Hospitality and Villas. The partnership firm was registered under the Indian Partnership Act, 1932 on April 3, 2023 having Firm registration no: SJN-F8-2023-24 and its registered office is situated at Prestige Falcon Tower, No.19, Brunton Road, Bangalore – 560025. The total capital contribution by the partners in the firm as on 31st March, 2024 is Rs. 0.10 Crores. Turnover as on March 31, 2024 – Rs. 1.25 crores.

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322