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.

Prestige Estates Projects Limited has provided the audio recording link for its investors/analyst call held on January 30, 2026, discussing the financial results for the quarter and nine months ended December 31, 2025. The company shared this information in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The company submitted the disclosure to both major stock exchanges on January 31, 2026, providing stakeholders access to the detailed discussion of its Q3FY26 performance. The audio recording is available through the company's corporate website hosting platform.

Q3FY26 Financial Highlights Recap

The investor call discussed the company's strong Q3FY26 performance, which showed revenue from operations reaching ₹11,294 million, marking a substantial 59.04% increase from ₹7,100 million in Q3FY25. However, net profit declined to ₹458 million from ₹1,317 million in the previous year quarter.

Consolidated Performance Discussion

The call likely covered the impressive consolidated results, where Q3FY26 revenue from operations reached ₹38,726 million compared to ₹16,545 million in Q3FY25, representing a remarkable 134.00% growth. Consolidated net profit stood at ₹2,447 million versus ₹322 million in the previous year quarter.

Strategic Initiatives and Future Outlook

The investor interaction would have addressed the company's strategic acquisitions during the nine months ended December 31, 2025, including additional stakes in subsidiaries such as Prestige Nottinghill Investments, Apex Realty Ventures LLP, and Prestige AAA Investments. The discussion likely covered the utilization of ₹46,784 million from the QIP proceeds, with ₹3,750 million remaining for future deployment.

The audio recording provides investors and analysts with comprehensive insights into the company's operational performance, strategic direction, and management's perspective on the real estate market dynamics affecting the business.