Prestige Estates Projects Board Approves ₹1.80/Share Dividend

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The Board of Directors of Prestige Estates Projects has recommended a final dividend of ₹1.80 per equity share (18%) for the financial year 2024-25. The dividend, if approved at the 28th Annual General Meeting (AGM), will be paid on or before October 9, 2025, after deducting tax at source (TDS) at the prescribed rates.

The board has also approved several other items, including:

• Ratification of remuneration payment to M/s P. Dwibedy & Co., Cost Auditor, for FY2025-26.
• Appointment of Nagendra D Rao & Associates LLP as Secretarial Auditor for five consecutive years commencing from FY2025-26.
• Issue of Non-Convertible Debentures on a Private Placement basis aggregating to ₹20,000,000,000.
• Revision in the remuneration of Ms. Uzma Irfan, Director of the Company.
• Remuneration of related party, Mr. Zayd Noaman, holding office or place of profit.
• Remuneration of related party, Mr. Faiz Rezwan, holding office or place of profit.
• Material Related Party Transaction(s) between the Company and Prestige Projects Private Limited, material subsidiary of the Company.
• Material Related Party Transaction(s) between the Company and Prestige Falcon Mumbai Realty Private Limited, subsidiary of the Company.

The 28th Annual General Meeting (AGM) of the members of Prestige Estates Projects Limited is scheduled to be held on September 10, 2025.

Details of Special Business:

1. Ratification of Remuneration of Cost Auditor

The board approved the ratification of remuneration of ₹200,000 plus applicable taxes and out-of-pocket expenses to M/s P. Dwibedy & Co, Cost Auditor, for the financial year 2025-26.

2. Appointment of Secretarial Auditor

The board approved the appointment of Nagendra D Rao & Associates LLP as Secretarial Auditor for a term of 5 years commencing from FY2025-26 to FY 2029-30 with a remuneration of ₹550,000 per annum plus taxes and out-of-pocket expenses.

3. Issue of Non-Convertible Debentures on a Private Placement basis

The board approved to offer or invite subscription for secured or unsecured redeemable non-convertible debentures in one or more series or tranches, aggregating to ₹20,000,000,000 (Rupees Twenty Billion only), on a private placement basis, on such terms and conditions as the Board of Directors may from time to time, determine and consider proper and beneficial to the Company.

4. Revision in Remuneration of Ms. Uzma Irfan

The board approved the increase in remuneration of Ms. Uzma Irfan, Director, up to ₹2,000,000 per month effective October 1, 2025.

5. Remuneration of Related Party - Mr. Zayd Noaman

The board approved the revised terms of appointment of Mr. Zayd Noaman as Executive Director - CMD's Office, with a maximum remuneration not exceeding ₹2,000,000 per month effective October 1, 2025.

6. Remuneration of Related Party - Mr. Faiz Rezwan

The board approved the revised terms of appointment of Mr. Faiz Rezwan as Executive Director Contracts and Projects, with remuneration not exceeding ₹2,000,000 per month effective October 1, 2025.

7. Material Related Party Transaction with Prestige Projects Private Limited (PPPL)

The board approved transactions with PPPL, a material subsidiary, for an amount of up to ₹20,000,000,000. These transactions include issuing/receiving inter-corporate deposits, issuing corporate guarantees/security for borrowings, and purchase/sale of raw materials/goods and/or rendering/availing of services.

8. Material Related Party Transaction with Prestige Falcon Mumbai Realty Private Limited (PFMRPL)

The board approved transactions with PFMRPL, a subsidiary, for an amount of up to ₹15,000,000,000. These transactions include issuing inter-corporate deposits, issuing corporate guarantees/security for borrowings, and sale of raw materials/goods and/or rendering of services.

The e-voting period commences on Sunday, September 7, 2025 at 9:00 A.M. (IST) and ends on Tuesday, September 9, 2025 at 5:00 P.M. (IST). During this period, shareholders of the Company, holding shares either in physical form or in dematerialised form, as on the cut-off date of Wednesday, September 3, 2025, may cast their vote electronically.