Razack Family Trust, a promoter of prestige estates projects , confirmed that the promoters and promoter group have not created any encumbrance, directly or indirectly, on the shares of the company. The disclosure was submitted to the stock exchanges to comply with regulatory requirements regarding share holdings.

The filing was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares to ensure transparency for shareholders.

Irfan Razack, Trustee of Razack Family Trust, signed the disclosure on April 9, 2026. The communication was addressed to the exchanges and copied to the Audit Committee of Prestige Estates Projects.

The annexure to the disclosure lists the individuals and entities classified as part of the promoter group. This includes the Razack Family Trust and several family members acting in concert (PAC).

Promoter Group Details

Prestige Estates Projects reconstituted its wholly owned subsidiary, Stellar Envision LLP, reducing its partnership interest to 50% on June 19, 2026. The reconstitution follows the execution of a Limited Liability Partnership Deed to admit a new partner into the entity. The LLP intends to undertake real estate projects in Bangalore following this change in ownership structure.

The new partner admitted to the LLP is engaged in the real estate business and does not belong to the promoter, promoter group, or group companies of Prestige Estates Projects. The company confirmed that the transaction does not fall within the ambit of related party transactions and was conducted at arm’s length.

Financial details of the subsidiary as of March 31, 2026, indicate a net worth of ₹0.1 million, while other income was nil. A consideration of ₹0.05 million was received regarding the disposal. The agreement for the sale was entered into on June 19, 2026, with the completion of the disposal also occurring on the same date.

Key Financial Details of Stellar Envision LLP

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Irfan Razack, Chairman and Managing Director, signed the filing on behalf of the company.