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.

Prestige Estates Projects Limited has successfully maintained compliance with regulatory requirements for its ₹5000.00 crore Qualified Institutional Placement (QIP) proceeds, according to the latest monitoring agency report for the quarter ended December 31, 2025. ICRA Limited, serving as the monitoring agency, confirmed no material deviation from the stated objectives of the fund utilization.

QIP Issue Overview

The real estate developer completed its QIP between August 29, 2024, and September 04, 2024, raising gross proceeds of ₹5000.00 crore. After accounting for issue-related expenses of ₹100.83 crore, the net proceeds available for deployment stood at ₹4899.17 crore, slightly revised from the original ₹4900.60 crore due to an increase in actual issue-related expenses by ₹1.43 crore.

Fund Utilization Progress

The company has demonstrated significant progress in deploying the raised capital across its stated objectives. As of December 31, 2025, Prestige Estates has utilized ₹4678.35 crore, representing approximately 95.49% of the net proceeds.

Complete Deployment in Key Areas

The company has fully utilized funds allocated for debt repayment and land acquisition objectives. The ₹1500.00 crore earmarked for repayment of outstanding borrowings has been completely deployed, strengthening the company's financial position. Similarly, the entire ₹1000.00 crore allocation for land acquisition and development rights has been utilized, supporting the company's expansion strategy.

Subsidiary Investment Progress

The primary area with remaining funds is the subsidiary and joint venture investment category, where ₹321.65 crore remains unutilized out of the ₹1250.00 crore allocation. During the quarter ended December 31, 2025, the company invested ₹99.00 crore in this category, bringing total utilization to ₹928.35 crore. These investments support ongoing and upcoming projects undertaken by the company's subsidiaries and joint ventures.

Unutilized Funds Management

The company has deployed the unutilized proceeds of ₹321.65 crore in various fixed deposits and bank accounts to ensure optimal returns while maintaining liquidity. The funds are primarily invested in fixed deposits with ICICI Bank and SBI Bank, earning returns ranging from 5.10% to 5.25%. The largest single investment is a ₹257.88 crore fixed deposit with SBI Bank, which matured on December 26, 2025.

Regulatory Compliance and Timeline

ICRA Limited's monitoring report confirms that all utilization remains in line with disclosures made in the placement document. The monitoring agency found no major deviations from earlier reports and confirmed that all projects remain on schedule. The company is expected to complete the remaining fund deployment by March 31, 2026, as per the original timeline outlined in the offer document.

The monitoring report, submitted pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides investors with transparency regarding the company's adherence to its stated fund utilization plans and reinforces confidence in the company's financial management practices.