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:

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.

Prestige Estates Projects has announced the launch of two new subsidiary units as part of its strategic expansion in the real estate development sector. The company has introduced Stellar Builder Dynamics LLP and Stellar Envision LLP, both dedicated to focusing on real estate development activities.

New Subsidiary Details

The newly formed entities represent a significant organizational development for the real estate developer. Both subsidiaries have been specifically structured to enhance the company's development capabilities and operational reach in the market.

Strategic Expansion

The introduction of these two specialized units demonstrates Prestige Estates Projects' commitment to expanding its development portfolio through dedicated subsidiary structures. Stellar Builder Dynamics LLP and Stellar Envision LLP will operate as focused entities within the company's broader real estate development framework.

Implementation Timeline

Both subsidiaries are scheduled to begin their operations from January 8, 2026. This timeline provides the company with adequate preparation period to establish the necessary infrastructure and operational frameworks for the new entities before they commence their real estate development activities.