Prestige Estates Projects Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India Limited and BSE Limited, in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, submitted on July 28, 2026, forms part of the company's Integrated Annual Report for FY 2025-26 and covers disclosures on a consolidated basis unless otherwise specified. Reasonable assurance on BRSR Core indicators has been provided by Vinay and Keshava LLP, Chartered Accountants, with their assurance report dated 22nd July 2026.

Company Overview and Financial Profile

Prestige Estates Projects Limited, incorporated on 04-06-1997 and headquartered at Prestige Falcon Towers, No. 19, Brunton Road, Bangalore – 560025, is engaged primarily in the development and sale of residential and commercial real estate projects. This activity accounted for 90.43% of the company's total turnover during FY 2025-26 under NIC Code 681008. The company operates across 8 national locations and 1 international office, serving customers across 8 states within India with zero export contribution to turnover.

In his statement as director responsible for the BRSR, Chairman and Managing Director Irfan Razack noted that FY 2025-26 marked a significant milestone for Prestige Group with record annual sales exceeding ₹30,000 Crores. The company's ESG roadmap focuses on establishing a robust governance framework, conducting materiality assessments, setting measurable targets, and enhancing transparency through regular disclosures.

Workforce and Employee Well-Being

As at the end of FY 2025-26, Prestige Estates reported a total employee base of 11,652, comprising 9,295 males (79.77%) and 2,357 females (20.23%). Of these, 11,092 were permanent employees and 560 were other than permanent. The company had no permanent or contract workers on its rolls, as workers are deployed by contractors for short durations.

The Board of Directors comprised 8 members, of whom 2 (25%) were female. The permanent employee turnover rate for FY 2025-26 stood at 31.83% overall (male: 32.63%; female: 28.21%), compared to 14.80% in FY 2024-25. Well-being expenditure as a percentage of total revenue was 0.15% in FY 2025-26, compared to 0.18% in FY 2024-25. The return-to-work and retention rate for male permanent employees after parental leave was 100%, while for female permanent employees it was 83%.

Environmental Performance

The company's environmental disclosures cover energy consumption, greenhouse gas emissions, water usage, and waste management, all subject to reasonable assurance by Vinay and Keshava LLP.

Energy Consumption

The PPP conversion factor used for intensity calculations is 20.34, as published by the International Monetary Fund (IMF) for India for FY 2025-26. Energy consumption at under-construction sites and projects has not been included.

Greenhouse Gas Emissions

Scope 3 emissions, reported for the first time in FY 2025-26, cover Categories 1 through 7 and were calculated using DEFRA and USEPA emission factors. Emissions from under-construction sites have been excluded from Scope 1 and 2 calculations.

Water Management

Total water withdrawal and consumption for FY 2025-26 stood at 708,813.78 kilolitres, sourced entirely from third-party water, compared to 584,959 kilolitres in FY 2024-25. Total water discharged was zero in both years, consistent with the company's Zero Liquid Discharge (ZLD) approach, under which treated wastewater from on-site Sewage Treatment Plants (STPs) is reused for non-potable applications such as flushing, HVAC cooling, landscaping, and cleaning.

Waste Generation

FY 2025-26 waste figures reflect actual data captured via established data collection systems, whereas FY 2024-25 figures were estimated based on NBC commercial refuse standards. Accordingly, year-on-year data is not directly comparable.

Governance, Ethics, and Compliance

Prestige Estates reported zero monetary penalties, fines, or non-monetary punishments by any regulatory, law enforcement, or judicial authority during FY 2025-26. No disciplinary actions for bribery or corruption were taken against any directors, KMPs, employees, or workers. The number of days of accounts payables was 57 in FY 2025-26, compared to 61 in FY 2024-25.

The company's ESG governance is overseen by an ESG Committee chaired by Chairman and Managing Director Mr. Irfan Razack, with members including the Executive Director (Contracts & Projects), Chief Financial Officer, and Executive Director (HR, Admin & IT). Compliance with statutory requirements is reviewed quarterly by the Board, while performance against ESG policies is reviewed periodically or on a need basis by the ESG Committee.

The company is a member of 10 trade and industry bodies, including the Confederation of Indian Industry (CII), CREDAI, the Indian Green Building Council (IGBC), and the National Real Estate Development Council (NAREDCO), among others.

Customer Engagement and Human Rights

Customer complaints received during FY 2025-26 totalled 1,325, with 4 pending resolution at year-end, compared to 581 complaints and 3 pending in FY 2024-25. No complaints were recorded in the categories of data privacy, advertising, cyber-security, delivery of essential services, restrictive trade practices, or unfair trade practices. Zero data breaches were reported during the reporting period.

All 11,652 employees received training on human rights issues and policies in FY 2025-26, representing 100% coverage. The Lost Time Injury Frequency Rate (LTIFR) for both employees and workers was zero in FY 2025-26 and FY 2024-25. No fatalities or high-consequence work-related injuries were recorded in either year. The gross wages paid to female employees as a percentage of total wages stood at 15.60% in FY 2025-26, compared to 15.30% in FY 2024-25.

CSR and Community Impact

CSR is applicable to Prestige Estates Projects under Section 135 of the Companies Act, 2013. The company's CSR initiatives during FY 2025-26 focused on four key areas: Education, Health, Livelihoods, and Environment. Notable CSR beneficiary data is summarised below.

Inputs sourced directly from MSMEs and small producers accounted for 5.02% of total procurement by value in FY 2025-26, up from 4.57% in FY 2024-25. Inputs sourced directly from within India stood at 99.67% in FY 2025-26.

Prestige Estates Projects Limited has submitted its Integrated Annual Report for the financial year 2025-26 to the stock exchanges, in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, dated July 28, 2026, was signed by Company Secretary and Compliance Officer Manoj Krishna J V, and is available on the company's website. The filing marks the conclusion of what the company describes as a landmark year of operational and financial achievement across its diversified real estate platform.

Record Operational Performance in FY 2025-26

FY 2025-26 was characterised by the highest-ever operational metrics across the company's residential and commercial businesses. The company achieved its highest-ever annual residential pre-sales of ₹300,245 mn, a 76.38% year-on-year increase, with 22.28 mn sft sold across 11,692 units. Collections reached an all-time high of ₹185,146 mn, growing 53.22% over the previous year. During the year, the company launched 31.84 mn sft of new projects with an estimated Gross Development Value (GDV) of ₹273,504 mn, generating sales of ₹173,422 mn from new launches. Completions for the year stood at 18.22 mn sft across 13 projects spanning residential and commercial developments.

The following table summarises the key operational highlights for FY 2025-26:

Consolidated Financial Performance

The company's consolidated financial results for FY 2025-26 reflect strong revenue growth and improved profitability. Total income grew 70.58% year-on-year to ₹131,955 mn, driven by a 110.97% increase in revenue from sale of real estate developments to ₹90,246 mn, a 10.03% rise in revenue from services to ₹21,214 mn, and a 34.61% increase in lease rental revenue to ₹15,394 mn. EBITDA increased 43.27% to ₹42,192 mn, with an EBITDA margin of 31.97%. Profit After Tax grew 111.61% to ₹13,054 mn, with a PAT margin of 9.89%.

The detailed consolidated income statement is presented below:

Key Financial Ratios and Capital Position

The company's key performance ratios reflect the strong operational momentum achieved during FY 2025-26. Return on capital employed improved to 21.80% compared with 15.75% in FY 2025. The debt-equity ratio stood at 0.92 times, reflecting continued investments in land acquisition and the development pipeline. Gross borrowings increased 41.38% to ₹149,861 mn as at 31 March 2026, attributable to the company's strategy to expand into new geographies and acquire land parcels for future growth. Inventory increased 26.25% to ₹402,519 mn, driven by increased construction activity and land acquisitions.

The company's credit rating from ICRA stands at ICRA A+ with a Stable outlook. The Board of Directors has recommended a dividend of ₹2 per equity share of ₹10 each, subject to shareholder approval at the ensuing Annual General Meeting. Earnings per share stood at ₹27.76, representing an increase of approximately 148% compared to the previous year.

Business Segment Highlights

The residential business remained the primary growth engine, with the company's pipeline including upcoming projects and inventory standing at a GDV of ₹1,016,363 mn, while unrecognised revenue amounted to ₹659,353 mn. The company made its maiden residential launch in the National Capital Region during the year. The commercial portfolio recorded leasing of 4.47 mn sft during FY 2025-26, with portfolio occupancy maintained above 92%. Annual exit rentals stood at ₹6,501 mn in FY 2025-26. The retail portfolio maintained occupancy of over 99%, welcoming approximately 19.1 mn visitors during the year, with retailers recording gross turnover exceeding ₹25,671 mn. The company's net worth as at 31 March 2026 stood at ₹167,398 mn.

Sustainability and ESG Highlights

The company's sustainability performance during FY 2025-26 included a 0% injury rate across operations, a GRESB 5-Star rating for the second consecutive year with the group's overall score improving from 97 in 2024 to 99 in 2025, and 9.24 mn sft of LEED-certified space. The company planted over 62,000 saplings during the year and its community programmes reached over 335,000+ beneficiaries. The company invested ₹675 mn in community programmes spanning education, healthcare, livelihoods, and environment. The total workforce as at 31 March 2026 stood at 11,652, with 4,065 new hires during the year.