Prestige Estates Projects Limited has announced the issuance of a corporate guarantee to secure a term loan facility being availed by Canopy Living LLP, its joint venture partner. The disclosure was made on March 9, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Guarantee Details

The company has provided a corporate guarantee for a substantial term loan facility arranged through Aditya Birla Capital Limited. The guarantee structure demonstrates the company's commitment to supporting its joint venture operations.

Regulatory Compliance and Transaction Terms

The corporate guarantee has been structured in full compliance with applicable regulatory frameworks. The company confirmed that the promoter and promoter group have no interest in this transaction, ensuring transparency in the arrangement.

Key compliance aspects include:

• Transaction conducted on arm's length basis
• Compliance with Companies Act, 2013 provisions
• Adherence to SEBI Listing Regulations requirements
• Proper disclosure under Regulation 30 framework

Financial Impact Assessment

The corporate guarantee represents a contingent liability for Prestige Estates Projects Limited. As disclosed by the company, this guarantee has been provided on behalf of the joint venture, which forms part of the consolidated group structure.

The company has indicated that there is no immediate impact of this guarantee on its operations at this point. The arrangement supports the joint venture's financing requirements while maintaining the company's strategic involvement in the partnership.

Documentation and Disclosure

The disclosure was made through proper channels to both the National Stock Exchange of India Limited and BSE Limited. Company Secretary and Compliance Officer Manoj Krishna J V signed the disclosure documentation, ensuring proper corporate governance protocols were followed.

This transaction reflects the company's ongoing support for its joint venture operations while maintaining strict adherence to regulatory disclosure requirements and corporate governance standards.

Prestige Estates Projects Limited has entered into a definitive agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to adopt and co-brand Bellandur Metro Station, marking a significant milestone in public-private partnership for urban infrastructure development in Bengaluru.

Investment and Partnership Structure

Under the comprehensive agreement announced on February 21, 2026, Prestige Beta Projects Private Limited will invest Rs 115 Cr (excluding GST) towards station upgradation, enhancement, infrastructure support, and long-term partnership rights over a 30-year concession period. The station will be rebranded as "Prestige Bellandur Metro Station" throughout the partnership duration.

Strategic Location and Market Position

Bellandur Metro Station is strategically positioned on the 17 km ORR Metro Corridor connecting Silk Board to KR Puram. The station sits at the heart of India's largest office micro-market, serving thousands of professionals daily and providing crucial connectivity to the bustling Outer Ring Road business district.

Infrastructure Enhancement and Standards

Prestige Group has committed to transforming Bellandur into the best metro station in the city through comprehensive upgrades. The company will undertake interior improvements, finishing works, and station enhancements aligned with global metro standards and IGBC green building benchmarks. This approach reinforces Bengaluru's commitment to integrated, sustainable urban infrastructure development.

Leadership Perspective

Juggy Marwaha, CEO & Executive Director of Prestige Group – Office, emphasized the community-focused nature of the initiative: "This is our way of giving back to the city — by strengthening mobility where India works and helping our future occupiers of Prestige Lakeshore Drive experience convenience, comfort, and seamless connectivity to one of the largest office parks coming up on the ORR."

Public-Private Partnership Model

This collaboration represents a progressive Public-Private Partnership (PPP) model that combines infrastructure development with private sector participation. The partnership aims to deliver seamless multi-modal connectivity for Bengaluru's citizens and the ORR workforce, demonstrating how private investment can enhance public transportation infrastructure.

The agreement reinforces Prestige Group's commitment to building integrated urban ecosystems where work, transit, and community converge, extending beyond traditional office campus development to comprehensive urban infrastructure enhancement.

Source: None/Company/INE811K01011/5ae2cb69-16a6-4761-a05f-4c265b8d3c20.pdf