Prestige Estates Projects Limited — Capital/Financing Update 2024

Oct 7, 2024

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Date : October 7, 2024

To,

	The General Manager Dept. of Corporate Services National Stock Exchange of India Limited Bandra Kurla Complex Bandra (E) Mumbai-400051 NSE Scrip code: PRESTIGE	The Manager Dept. of Corporate Services BSE Limited Floor 25, P J Towers Dalal Street Mumbai – 400 001 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 wish to inform the Company is issuing Corporate Guarantee towards Credit Facility being availed by Prestige Mulund Realty Private Limited, wholly owned subsidiary.

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 11[th] July, 2023 and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13[th] July, 2023 are enclosed in Annexure I.

This is for your information and records.

Thanking you.

Yours faithfully,

For Prestige Estates Projects Limited

IRFAN Digitally signed by IRFAN RAZACK RAZACK Date: 2024.10.07 17:40:51 +05'30'

Irfan Razack Chairman & Managing Director DIN: 00209022

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

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ANNEXURE I – Issue of Corporate Guarantee for credit facilities being availed by Prestige Mulund Realty Private Limited

Information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

	Particulars		Description	Description
	Name of party for which such guarantees~~or indemnity or surety~~ wasgiven		Prestige Mulund Realty Private Limited, wholly owned subsidiary.
	Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arms length”		The promoter/ promoter group do not have any interest in this transaction. The corporate guarantee has been provided by the Company on an arm’s length basis, in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI ListingRegulations.
	Brief details of such guarantee~~or~~ ~~indemnity or becoming a surety~~ viz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee;		The Company has issued following corporate guarantee to secure the Credit Facilities being availed by Prestige Mulund Realty Private Limited: Name of the Bank/Trustee Amount of facility (in Crores) Catalyst Trusteeship Limited being trustee of State Bank of India Upto INR. 1,840 Crores
			Name of the Bank/Trustee	Amount of facility (in Crores)
			Catalyst Trusteeship Limited being trustee of State Bank of India	Upto INR. 1,840 Crores
	Impact of such guarantees~~or~~ ~~indemnity or surety~~on listed entity.		The corporate guarantee provided is a contingent liability for the Company. This guarantee has been provided on behalf of the wholly owned subsidiary which is part of the consolidated group. At this point, there is no impact of thisguarantee on the Company.

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