Prestige Estates Projects Limited has issued a corporate guarantee of up to ₹450 crores to secure a loan facility for its subsidiary company. The disclosure was made to stock exchanges on February 19, 2026, in compliance with regulatory requirements under SEBI Listing Regulations.

Corporate Guarantee Details

The company has provided the guarantee for a loan being availed by Prestige Projects Private Limited, its subsidiary. The facility details are structured as follows:

Regulatory Compliance and Terms

The corporate guarantee has been issued in accordance with applicable regulatory frameworks. Key compliance aspects include:

• Transaction conducted on arm's length basis
• Compliance with Companies Act, 2013 provisions
• Adherence to SEBI Listing Regulations requirements
• No promoter or promoter group interest in the transaction

Financial Impact Assessment

The company has clarified the financial implications of this guarantee arrangement. The guarantee represents a contingent liability for Prestige Estates Projects Limited, as it secures the loan facility for its subsidiary company.

Disclosure Requirements

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026.

The guarantee arrangement reflects standard corporate practice for supporting subsidiary financing requirements within the group structure. The transaction maintains transparency through proper regulatory disclosure while ensuring compliance with all applicable legal and regulatory frameworks.

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.