Aditya Birla Real Estate has disclosed the incorporation of Prajna Properties Private Limited as a step-down wholly owned subsidiary. The announcement was made to BSE Limited and National Stock Exchange of India Limited on 17 April 2026 under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Birla Estates Private Limited, which is a wholly owned subsidiary of the company, has incorporated Prajna Properties Private Limited. Consequently, Prajna Properties Private Limited has become a step-down wholly owned subsidiary and a related party of the company. The new entity was incorporated as a private limited company under the provisions of the Companies Act, 2013, with the certificate of incorporation received from the Ministry of Corporate Affairs on 17 April 2026, showing the date of incorporation as 3 April 2026.

Key Details of the New Subsidiary

The incorporation of Prajna Properties Private Limited falls within related party transactions as it is promoted by Birla Estates Private Limited. The company has stated that no specific governmental or regulatory approvals are required for this incorporation, and the indicative time period for completion is not applicable given that it is a newly incorporated entity.

Business Objectives

The primary object of incorporating Prajna Properties Private Limited is to acquire land and/or develop real estate projects. The entity will operate within the real estate industry, which aligns with the main line of business of the listed entity. As a newly incorporated company, there is no historical turnover data or operational background available for the past three years.

Aditya Birla Real Estate has announced the incorporation of a new wholly owned subsidiary, marking a strategic expansion in its real estate development operations. The company has established Pragataya Properties Private Limited as part of its growth strategy to strengthen its presence in the real estate sector.

Regulatory Disclosure

The company made the formal disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, informing stakeholders about this corporate development.

Corporate Structure

The newly incorporated entity operates within a defined corporate hierarchy that enhances the company's organizational structure:

Strategic Objectives

Pragataya Properties Private Limited has been established with specific business objectives that align with the parent company's real estate development goals. The subsidiary will focus on two primary areas of operation:

• Land acquisition activities
• Development of real estate projects

This incorporation represents a structured approach to expanding the company's real estate development capabilities. The establishment of the subsidiary provides a dedicated platform for pursuing land acquisition opportunities and executing real estate development projects, potentially enhancing operational efficiency and strategic focus in these key areas.

Business Implications

The formation of Pragataya Properties Private Limited as a step-down subsidiary of Birla Estates Private Limited creates an additional layer in the corporate structure, which may facilitate specialized operations in land acquisition and project development. This organizational structure allows for focused management of real estate development activities while maintaining alignment with the broader strategic objectives of the Aditya Birla Real Estate group.

The incorporation involved cash consideration towards initial share subscription to the memorandum of association at face value, with Birla Estates Private Limited holding 100% shareholding in the new entity.