Prestige Estates Projects Limited — Capital/Financing Update 2025

Feb 12, 2025

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Date : February 12, 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 terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company is issuing Corporate Guarantee towards Non Convertible Debentures being issued by Bamboo Hotel and Global Centre (Delhi) Private Limited, Joint Venture.

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 11th July, 2023 and SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th 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 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

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Particulars Description
Name of party for which such Bamboo Hotel and Global Centre (Delhi) Private Limited, joint
guarantees or indemnity or venture (“Borrower”/ Bamboo Hotel)
surety was given
Whether the promoter/ The promoter/ promoter group have interest in this transaction.
promoter group/ group The Company and the other Joint Venture partner is providing
companies have any interest in corporate guarantee. As both promoters of the Borrower are
this transaction? If yes, nature providing Corporate Guarantee, the transaction is on an arm’s length
of interest and details thereof basis, in compliance with the applicable provisions of the Companies
and whether the same is done Act, 2013 and the SEBI Listing Regulations.
at “arms length”
The Company has received approval from the shareholders through
postal ballot on December 25, 2024 for entering into material
related party transactions with Bamboo Hotel and Global Centre
(Delhi) Private Limited to provide corporate guarantee/security upto
INR 2,500 crores.
Brief details of such guarantee The Company vide its intimation dated January 21, 2025 had
or indemnity or becoming a informed issuance of corporate guarantee upto Rs. 1700 crores for
surety viz. brief details of securing secured, rated, listed, redeemable and non-convertible
debentures to be issued by Bamboo Hotel in favour of Catalyst
agreement entered (if any)
Trusteeship Limited being trustee of the Non-Convertible Debenture
including significant terms and
Holders. Against this, Bamboo Hotel has raised funds of Rs. 980
conditions, including amount
crores by way of issuance of 98,000 Debentures having a face value
of guarantee; of Rs.1,00,000/- each.
The Company is issuing below corporate guarantee to secure the
Secured, Listed, Rated, Redeemable and Non-Convertible
Debentures Series II being issued by Bamboo Hotel and Global
Centre (Delhi) Private Limited
Name of the Bank/Trustee Amount of facility
(in Crores)
Catalyst Trusteeship Limited being Upto INR. 1050
trustee of the Non-Convertible Crores
Debenture Holders
Thus, the aggregate corporate guarantee provided to Bamboo Hotel
including guarantee provided on January 21, 2025 shall be upto Rs.
2030 crores.
Impact of such guarantees or The corporate guarantee provided is a contingent liability for the
indemnity or surety on listed Company. This guarantee has been provided on behalf of the joint
entity. venture. At this point, there is no impact of this guarantee on the
Company.
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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