Prestige Estates Projects Incorporates Orange Grove Lands as Wholly-Owned Subsidiary

Prestige Estates Projects Limited has incorporated a new wholly-owned subsidiary, Orange Grove Lands Private Limited, on January 9, 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the certificate of incorporation received on January 10, 2026.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary has been established with specific capital parameters and business objectives:

Parameter	Details
Company Name	Orange Grove Lands Private Limited
CIN	U68200KA2026PTC213915
Date of Incorporation	January 9, 2026
Authorized Capital	₹10.00 lakh
Paid-up Capital	₹1.00 lakh
Business Objective	Real estate development

Share Subscription and Ownership Structure

Prestige Estates Projects Limited acquired complete ownership of the subsidiary through a strategic share subscription arrangement. The company subscribed to 10,000 equity shares of ₹10.00 each, representing 100% of the paid-up share capital.

Investment Details	Specifications
Total Consideration	₹1.00 lakh
Number of Shares	10,000 equity shares
Share Price	₹10.00 per share
Shareholding Percentage	100% (directly & indirectly)
Payment Mode	Cash subscription

Business Focus and Strategic Intent

Orange Grove Lands Private Limited has been incorporated specifically to carry on real estate development activities. The subsidiary is yet to commence its business operations, with no applicable turnover history as it represents a new venture within the Prestige Estates Projects group structure.

Regulatory Compliance and Related Party Status

The incorporation constitutes a related party transaction as Orange Grove Lands Private Limited is now a wholly-owned subsidiary of Prestige Estates Projects Limited. However, the promoter, promoter group, and group companies have no specific interest in this transaction. The company confirmed that no governmental or regulatory approvals were required for this incorporation, and no specific timeline for acquisition completion was applicable given the direct incorporation approach.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.59%	-2.49%	-2.85%	-5.73%	-0.29%	+445.65%

Prestige estates projects Limited has incorporated a new wholly-owned subsidiary, Stellar Prism Private Limited, on January 9, 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details and Capital Structure

Stellar Prism Private Limited has been incorporated under the Companies Act, 2013, with the Corporate Identity Number (CIN) U68200KA2026PTC213925. The subsidiary's financial structure includes:

Parameter:	Details
Authorized Capital:	₹10.00 lakh
Paid-up Capital:	₹1.00 lakh
Share Structure:	10,000 equity shares of ₹10 each
Shareholding:	100% (directly & indirectly)
Consideration Paid:	₹1.00 lakh in cash

Business Focus and Operations

The newly incorporated subsidiary has been established to carry on business activities in real estate development. Stellar Prism Private Limited is yet to commence its business operations, making turnover history not applicable at this stage. The entity will operate within India's real estate development sector.

Regulatory and Related Party Aspects

As a wholly-owned subsidiary, Stellar Prism Private Limited qualifies as a related party of Prestige Estates Projects Limited. However, the promoter, promoter group, and group companies have no interest in this transaction. The incorporation does not require any governmental or regulatory approvals beyond the standard incorporation process.

Strategic Implications

The establishment of this subsidiary aligns with the company's real estate development objectives. With 100% ownership through direct and indirect shareholding, Prestige Estates Projects maintains complete control over the subsidiary's operations and strategic direction. The modest initial capital investment of ₹1.00 lakh provides a foundation for future business expansion in the real estate development segment.