Prestige Estates Projects has fixed Thursday, August 13, 2026, as the record date to determine shareholder entitlement for a final dividend of ₹2 per equity share for the financial year ended March 31, 2026 (FY26). The dividend payment, contingent upon approval by shareholders at the upcoming Annual General Meeting (AGM), is scheduled to be distributed on or before Friday, September 18, 2026. This clarification provides definitive timelines for investors awaiting the payout, which was recommended by the Board of Directors during its meeting on May 21, 2026.

The 29th AGM is scheduled for Thursday, August 20, 2026, at 11:30 A.M. at the company’s registered office in Bangalore. In addition to the dividend approval, the meeting will address the issuance of non-convertible debentures (NCDs) aggregating up to ₹20,000,000,000 via private placement. This capital raise aims to optimize the company’s funding mix for project execution. Shareholders will also vote on the re-designation of Ms. Uzma Irfan as Whole-Time Director for five years.

Dividend Details and Timeline

Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the company has specified the key dates for the dividend process. Beneficial owners holding shares in dematerialized form and members holding physical shares as on the cut-off date of August 13, 2026, are eligible to receive the dividend. The e-voting period for the AGM opens on Monday, August 17, 2026, at 9:00 A.M. (IST) and closes on Wednesday, August 19, 2026, at 5:00 P.M. (IST).

Capital Raise and Governance Updates

The proposed NCD issuance allows the Board to determine terms, conditions, and tranches, subject to approvals from SEBI, RBI, and other relevant authorities. This facility is intended to provide flexibility in meeting funding requirements through a mix of instruments including equity, project loans, and bank borrowings. Concurrently, the Board seeks special resolution approval for Ms. Uzma Irfan’s re-designation as Whole-Time Director, effective from May 21, 2026, to May 20, 2031. Her remuneration will not exceed ₹2,000,000 per month. Additionally, shareholders will ratify the remuneration of ₹200,000 plus taxes to M/s P. Dwibedy & Co., the Cost Auditor for FY27.

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.