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Prestige Estates Projects Limited — Capital/Financing Update 2025
Sep 1, 2025
62301_rns_2025-09-01_e6322e0d-45fb-4725-be23-20535d0ed38c.pdf
Capital/Financing Update
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Date : September 1, 2025
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), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: 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 that Prestige Estates Projects Limited (“the Company”) is issuing Corporate Guarantee towards term loan and construction finance facility being availed by Prestige Acres 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/0155 dated November 11, 2024, are enclosed in Annexure I.
This is for your information and records.
Thanking you.
Yours faithfully, For Prestige Estates Projects Limited
VENKATARATH NAIAH SETTY Digitally signed by JEELAKUNTE VENKATARATHNAIAH SETTY JEELAKUNTE MANOJ KRISHNA MANOJ Date: 2025.09.01 19:10:31 +05'30' KRISHNA
Manoj Krishna J V Company Secretary and Compliance Officer
Enclosed: As above
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: [email protected], [email protected] www.prestigeconstructions.com CIN: L07010KA1997PLC022322
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Annexure I
Information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Issue of Corporate Guarantee for term loan and construction finance facility being availed by Prestige Acres Private Limited, Wholly Owned Subsidiary.
| Particulars | Description | Description | ||
|---|---|---|---|---|
| Name of party for which such guarantees~~or indemnity or surety~~ wasgiven |
Prestige Acres Private Limited, Wholly Owned Subsidiary. |
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| 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 Listing Regulations. |
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| 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 below corporate guarantee to secure the term loan and construction finance facility being availed by Prestige Acres Private Limited, Wholly Owned Subsidiary. Name of the Bank/Trustee Amount of facility The Hongkong and Shanghai Banking Corporation Limited Up to INR 10,000,000,000 (Indian Rupees Ten Billion Only) . |
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| Name of the Bank/Trustee |
Amount of facility | |||
| The Hongkong and Shanghai Banking Corporation Limited |
Up to INR 10,000,000,000 (Indian Rupees Ten Billion Only) |
|||
| . | ||||
| 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. At this point, there is no impact of this guarantee on the Company. |
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: [email protected], [email protected] www.prestigeconstructions.com CIN: L07010KA1997PLC022322