Prestige Estates Projects Limited — Capital/Financing Update 2024

Mar 11, 2024

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Date: March 11, 2024

To,

The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE 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 wish to inform the Company is issuing Corporate Guarantee towards Term Loan being availed by Prestige Exora Business Parks Limited, wholly-owned subsidiary of the Company.

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

VENKATARATHN Digitally signed by AIAH SETTY VENKATARATHNAIA JEELAKUNTE H SETTY JEELAKUNTE MANOJ KRISHNA MANOJ KRISHNA Manoj Krishna JV Company Secretary & Compliance Officer

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 Term Loan being availed by Prestige Exora Business Parks Limited

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

	Particulars		Description	Description
	Name of party for which suchguaranteesor indemnity orsuretywasgiven		Prestige Exora Business Parks Limited, Wholly-ownedsubsidiary of the Company.
	Whetherthepromoter/promotergroup/groupcompanies have any interestin this transaction? If yes,nature of interest and detailsthereof and whether the sameis done at “arms length”		The promoter/ promoter group do not have any interest inthis transaction.The corporate guarantee has been provided by theCompany on an arm’s length basis, in compliance with theapplicable provisions of the Companies Act, 2013 and theSEBI ListingRegulations.
	Briefdetailsofsuchguaranteeor indemnity orbecoming a suretyviz. briefdetails of agreement entered(if any) including significanttermsandconditions,includingamountofguarantee;		The Company has issued following corporate guarantee tosecure the Term Loan facility being availed by PrestigeExora Business Parks Limited:Name of theBank/Trustee/LenderAmount of facility(in Crores)BajajHousingFinanceLimitedRs. 590 Crores
			Name of theBank/Trustee/Lender	Amount of facility(in Crores)
			BajajHousingFinanceLimited	Rs. 590 Crores
	Impact of such guaranteesorindemnity or suretyon listedentity.		The corporate guarantee provided is a contingent liabilityfor the Company. This guarantee has been provided onbehalf of the Subsidiary of the Company which is part ofthe consolidated group. At this point, there is no impact ofthisguarantee 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