Prestige Estates Projects Limited — Capital/Financing Update 2025

Mar 28, 2025

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Date: March 28, 2025

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 compliance with Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations, we hereby inform you that the Management Sub-Committee of the Board of the Directors of Prestige Estates Projects Limited (“ Company ”) at their Meeting held today viz. Friday, March 28, 2025, has, inter alia, approved investment in the equity shares of Prestige Hospitality Ventures Limited, the wholly owned subsidiary of the Company, up to an amount not exceeding Rs. 1,625.04 crores by way of subscription to rights issue in one or more tranches.

The detailed disclosure with respect to the investment as required under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed herewith as Annexure – 1.

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 MANOJ KRISHNA Date: 2025.03.28 20:53:30 +05'30'

Manoj Krishna J V

Company Secretary and 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 - 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.	Name of the target entity, details in brief such as size, turnover etc.	Prestige Hospitality Ventures Limited (“PHVL”) is wholly owned subsidiary of the Company incorporated in the year 2017 and is into the hospitality business. Turnover for the year ended March 31, 2024, is Rs. 4,161 Million.
2.	Whether the acquisition will fall within related party transaction(s) and whether promoter/ promoter group have any interest in the transaction	PHVL, being a wholly owned subsidiary is a related party of the Company. The transaction falls within the ambit of related party transactions and is at arms’ length basis. Promoters are not interested in the transaction.
3.	Industry to which the entity belongs to	Development of Hospitality projects.
4.	Objects and effects of acquisition	Business reasons.
5.	Brief details of any governmental or regulatoryapprovals required	Not Applicable.
6.	Indicative time period for completion of the acquisition	Tentative date of completion is March 31, 2025.
7.	Nature of consideration	Cash consideration.
8.	Price at which shares would be subscribed	For an aggregate consideration of Rs. 1,625.04 Crores.
9.	Percentage of shareholding/ no. of shares acquired	There will be no change in shareholding of the Company in PHVL. PHVL will continue to remain a wholly owned subsidiary of 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

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1. Brief background about the entity PHVL is a public limited company acquired in terms of products/line incorporated in India in the year 2017 and is of business acquired, date of into the business of developing of hospitality incorporation, history of last 3 years projects. turnover, country in which the acquired entity has presence and History of turnover of last 3 years is as any other significant information (in follows: brief)

Financial Year	Turnover (Rs. in Million)
2023-24	4,161
2022-23	3,230.49
2021-22	801.94

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