Prestige Estates Projects Limited has received a cautionary email from the National Stock Exchange of India Limited (NSE) regarding observations made by its secretarial auditor in the Secretarial Compliance Report for the financial year ended March 2025. The company made this disclosure on January 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NSE Communication Details

The cautionary email was received on January 27, 2026, from NSE's Listing Compliance Department. The exchange cautioned the company to be more careful in future to avoid recurrence of such lapses and requested adherence to applicable provisions under SEBI (LODR) Regulations, 2015.

Compliance Observations

The secretarial auditor identified three specific compliance issues during FY 2024-25:

Corporate Governance Reporting Error

The first observation related to the Corporate Governance Report submitted for the quarter ended December 31, 2024. NSE sought clarification on February 20, 2025, regarding exceeding directorship/membership/chairmanship limits in Audit Committee and Stakeholders Relationship Committee for Director Srinivasarao Nagabhushana Rao Nagendra. The company clarified that the director was inadvertently mentioned as chairman of a subsidiary company committee when he was only a member.

Investor Meeting Intimation Delay

The second issue concerned the intimation schedule for analysts or institutional investor meetings under SEBI regulations. NSE raised this matter via email on August 5, 2024, noting that the schedule was not intimated at least 2 working days in advance. The company responded that their August 3, 2024 intimation covered group meetings from August 7-23, 2024, meeting the 2-day requirement for group meetings, while the August 6 meeting was individual and didn't require prior intimation.

Late Financial Filing

The third observation involved delayed submission of Integrated Filing - Financial for the period ended December 31, 2024. NSE issued an advisory on February 10, 2025, noting the company failed to submit the filing under the designated path within specified timelines as per NSE Circular NSE/CML/2025/02.

Additional Regulatory Matter

The company also disclosed that SEBI conducted an investigation into suspected insider trading in Prestige Estates Projects' scrip. SEBI initially sought information via email on August 26, 2024, which the company provided on August 29, 2024. Additional information requests on August 31 and September 2, 2024, were responded to on September 13, 2024.

Company Response

Prestige Estates Projects has acknowledged all observations and committed to exercising greater caution in future compliance matters. The company emphasized that these issues had no quantifiable financial impact on its operations or other activities. Management responses indicate corrective measures have been implemented to prevent recurrence of such compliance lapses.

Prestige Estates Projects shares experienced a notable decline of 2.26% to ₹1,390.50 during Friday's trading session, accompanied by high volume activity. The stock, which is a constituent of the Nifty Midcap 150 index, witnessed significant investor activity despite the price decline.

Strong Quarterly Financial Performance

The company demonstrated robust financial performance in its latest quarterly results. For the quarter ending September 2025, consolidated revenue reached ₹2,431.70 crores, marking an increase from ₹2,307.30 crores in the quarter ending June 2025. Net profit showed substantial growth, rising to ₹445.60 crores from ₹328.00 crores in the previous quarter, with earnings per share (EPS) standing at ₹9.99.

Annual Financial Overview

The company's annual performance for the year ending March 2025 showed consolidated revenue of ₹7,349.40 crores with net profit of ₹659.90 crores and EPS of ₹11.19. The five-year financial trend reveals varying performance across different periods.

Key Financial Metrics and Corporate Actions

As of March 2025, the company maintains key financial ratios including a P/E ratio of 105.84 and P/B ratio of 3.31. The debt-to-equity ratio improved to 0.69 for the year ending March 2025. The company has maintained its dividend distribution policy, with the most recent dividend of ₹1.80 per share announced on May 30, 2025, effective September 3, 2025.

Recent Corporate Developments

Recent corporate announcements include a press release on January 14, 2026, regarding the unveiling of Evergreen at Prestige Raintree Park, and an operational update for the quarter and nine months ended December 31, 2025. These developments indicate ongoing business expansion and operational activities across the company's portfolio.