Prime Property Development Corporation Limited has submitted its quarterly confirmation certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Submission Details

The company submitted the confirmation certificate on 14th April, 2026, addressed to the DCS-CRD at BSE Limited. The submission pertains to the quarter ended 31st March, 2026, covering Q4FY26 operations.

Certificate Confirmation Process

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate on 3rd April, 2026. The certificate validates compliance with dematerialisation procedures and regulatory timelines.

The registrar confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed. All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Compliance Verification

The confirmation certificate establishes that security certificates received for dematerialisation were appropriately handled according to regulatory requirements. Key compliance aspects include:

• Securities received were confirmed or rejected to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depositories' names were substituted in the register of members as registered owners
• All procedures followed SEBI (Depositories and Participants) Regulations, 2018 guidelines

Corporate Information

The submission was signed by P L Soni, Director (DIN: 00006463), representing Prime Property Development Corporation Limited. The company operates in the builders and developers sector, with its registered office located in Mumbai.

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the registrar and transfer agent. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, confirming the company's adherence to dematerialisation regulations during the quarter.

Prime Property Development Corporation Limited has announced its unaudited financial results for the quarter and nine months ended 31st December 2025, demonstrating solid performance in its standalone operations while facing challenges in consolidated results. The Mumbai-based property development company's Board of Directors approved the results in a meeting held on 12th February 2026.

Standalone Financial Performance

The company's standalone operations showed robust growth during the quarter ended 31st December 2025. Prime Property Development Corporation reported a net profit of ₹87.65 lakhs, marking a significant 23% increase from ₹71.26 lakhs recorded in the corresponding quarter of the previous year.

The company's revenue model continues to rely entirely on other income, with no operational revenue reported during the quarter. Other income increased substantially to ₹155.95 lakhs in Q3FY26 from ₹119.30 lakhs in Q3FY25, contributing to the overall profit growth.

Nine-Month Performance Analysis

For the nine-month period ended 31st December 2025, Prime Property Development Corporation's standalone performance was particularly strong. The company achieved a net profit of ₹292.53 lakhs, representing a remarkable 42% increase from ₹205.49 lakhs in the corresponding nine-month period of the previous year.

Consolidated Results and Subsidiary Impact

The consolidated financial results present a different picture, with the company reporting a profit of ₹94.04 lakhs for Q3FY26 compared to ₹342.46 lakhs in Q3FY25. The consolidated results include the performance of Sea King Club Private Limited, a wholly-owned subsidiary that reported a net loss of ₹60.16 lakhs for the nine-month period.

Expense Structure and Cost Management

The company's expense structure showed notable changes during the quarter. Finance costs increased significantly to ₹28.22 lakhs in Q3FY26 from ₹0.60 lakhs in Q3FY25, indicating higher borrowing costs. Employee benefits expenses remained relatively stable at ₹27.63 lakhs, while depreciation decreased substantially to ₹1.54 lakhs from ₹10.05 lakhs in the previous year quarter.

Capital Structure and Share Information

Prime Property Development Corporation maintains a stable capital structure with paid-up equity share capital of ₹848.55 lakhs, consisting of shares with a face value of ₹5 each. The company's earnings per share for continuing operations stood at ₹0.52 for Q3FY26 on both basic and diluted basis, compared to ₹0.42 in the corresponding quarter of the previous year.