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Prestige Estates Projects Limited Capital/Financing Update 2025

Jul 22, 2025

62301_rns_2025-07-22_df7e3b47-c21f-42ff-a700-0643faa1609b.pdf

Capital/Financing Update

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Date: July 22, 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) 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 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we Prestige Estates Projects Limited (“the Company”) wish to inform you that on July 22, 2025, the Company directly and through its wholly owned subsidiary has acquired, 40% partnership interest in Apex Realty Ventures LLP. With this acquisition, the LLP has now become wholly owned subsidiary of the Company.

In this regard, we hereby enclose the necessary details in Annexure I as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This is for your information and records.

Yours faithfully,

For Prestige Estates Projects Limited

IRFAN Digitally signed by IRFAN RAZACK RAZACK Irfan Razack Chairman and Managing Director DIN: 00209022

Enclosed: As above

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

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Annexure - l.

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. Details for acquisition of partnership interest in Apex Realty Ventures LLP.

1. Name of the target entity, details in
brief such as size, turnover etc.
Apex Realty Ventures LLP is a Limited Liability
Partnership incorporated on March 28, 2019 and is
into business of real estate development.
Turnover of the target entity for the year ended
March 31,2025 is Rs. 724.08 Crore
2. Whether the acquisition will fall within
related party transaction(s) and
whether promoter/ promoter group
have anyinterest in the transaction
No
3. Industryto which the entitybelongs to Real Estate and Construction
4. Objects and effects of acquisition Business reasons and consolidation of stake in the
target entity.
The Company is holding 60% Partnership interest
in the target entity and post this acquisition, the
Company with its wholly owned subsidiary will
hold, directly and indirectly, 100% partnership
interest.
5. Brief details of any governmental or
regulatoryapprovals required
Not Applicable
6. Indicative time period for completion
of the acquisition
Completed on July 22, 2025
7. Nature of consideration Cash consideration
8. Price at which shares would be
subscribed
The firm has repaid capital balance of Rs. 0.4 Crore
to the retiring partner.
9. Percentage of shareholding/ no. of
shares acquired
40% contribution, directly and indirectly, in the
LLP.
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 (in brief);
Apex Realty Ventures LLP is a Limited Liability
Partnership incorporated on March 28, 2019 and is
into business of construction and real estate
development.
Turnover of Apex Realty Ventures LLP during the
last 3 years is as below:
FY 2024-25: Rs. 724.08 Crore
FY 2023-24: Rs. 1007.82 Crore
FY 2022-23: Rs. 0.81 Crore

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