Prestige Estates Projects Limited has successfully completed the acquisition of 100% partnership interest in Aspire Spaces Tellapur LLP on February 18, 2026. The acquisition was executed through the company's wholly owned subsidiaries, making the LLP a wholly owned step-down subsidiary of Prestige Estates Projects.

Acquisition Details

The strategic acquisition involves key parameters that position Prestige Estates for expansion in the Hyderabad real estate market:

Target Entity Profile

Aspire Spaces Tellapur LLP represents a focused real estate development entity with specific operational characteristics:

Strategic Objectives

The acquisition serves clear strategic purposes for Prestige Estates Projects' expansion plans. The primary objective involves developing a residential project in Tellapur, Hyderabad, with a total saleable area of approximately 10 million square feet. This substantial development represents a significant addition to the company's project portfolio in the Hyderabad market.

Regulatory Compliance

The transaction does not fall within related party transactions, and promoter or promoter group members have no interest in this acquisition. No governmental or regulatory approvals were required for completing this transaction. The company has disclosed this acquisition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Structure

The acquisition structure involved Prestige Estates Projects' subsidiaries contributing Rs. 1 Million towards the fixed capital of Aspire Spaces Tellapur LLP. This contribution secured 100% partnership interest in the LLP, providing complete operational control over the entity and its future real estate development activities in the Tellapur region.

Prestige estates projects Limited has announced the issuance of a corporate guarantee for its subsidiary Bharatnagar Buildcon LLP, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on February 13, 2026, providing transparency regarding this significant financial commitment.

Corporate Guarantee Details

The company is providing a corporate guarantee to secure a term loan facility being availed by Bharatnagar Buildcon LLP from Canara Bank. The guarantee structure demonstrates the parent company's support for its subsidiary's financing requirements.

Regulatory Compliance and Transaction Terms

The corporate guarantee has been structured in compliance with applicable regulatory frameworks. Prestige Estates Projects has confirmed that the guarantee is provided on an arm's length basis, adhering to the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

The company has specifically disclosed that promoters and promoter groups have no interest in this transaction, ensuring transparency regarding potential conflicts of interest. This arms-length nature of the transaction maintains the independence and fairness of the guarantee arrangement.

Financial Impact Assessment

The corporate guarantee represents a contingent liability for Prestige Estates Projects Limited. However, the company has indicated that there is no immediate impact of this guarantee on its operations, as the guarantee is provided on behalf of a subsidiary that forms part of the consolidated group.

SEBI Disclosure Requirements

The disclosure was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026. This regulatory filing ensures that stakeholders are informed about material developments that could affect the company's financial position.

The guarantee arrangement reflects the company's commitment to supporting its subsidiary's business operations while maintaining proper corporate governance standards and regulatory compliance. The structured approach to disclosure demonstrates transparency in corporate decision-making and adherence to listing obligations.