To the Members,
The Directors present the Boards' Report on business operations
and affairs of Prestige Estates Projects Limited (the “Company” or
“PEPL”) along with the audited Standalone and Consolidated financial statements
for the Financial Year ended March 31,2026.
PERFORMANCE OF YOUR COMPANY 1. FINANCIAL HIGHLIGHTS:
(P. in Million)
| Particulars |
Standalone |
Consolidated |
|
FY 2025-26 |
FY 2024-25 |
FY 2025-26 |
FY 2024-25 |
| Total Revenue |
43,841 |
32,890 |
131,955 |
77,355 |
| Operating Expenditure |
31,021 |
22,208 |
89,763 |
47,906 |
| Earnings before Interest, Depreciation and
Amortisation |
12,820 |
10,682 |
42,192 |
29,449 |
| Depreciation and Amortisation |
4,138 |
4,249 |
9,061 |
8,123 |
| Finance Cost |
6,636 |
5,659 |
15,824 |
13,338 |
Profit Before Tax |
2,046 |
774 |
17,307 |
7,988 |
| Exceptional items |
- |
1,104 |
- |
- |
| Share of loss from joint ventures and
associate (net of tax) |
- |
- |
(171) |
(430) |
| Tax Expenses |
214 |
13 |
4,082 |
1,389 |
Profit after Tax |
1,832 |
1,865 |
13,054 |
6,169 |
| Other comprehensive income/(loss) for the
year, net of tax |
26 |
(11) |
65 |
(4) |
Total comprehensive income for the year |
1,858 |
1,854 |
13,119 |
6,165 |
Earnings per equity share [nominal
value of ? 10 per share] Basic |
4.25 |
4.46 |
27.76 |
11.19 |
Earnings per equity share [nominal
value of ? 10 per share] Diluted |
4.25 |
4.46 |
27.76 |
11.19 |
There have been no material changes or commitments affecting the
financial position of the Company which have occurred between March 31,2026 and the date
of this report.
2. BUSINESS:
Business Overview
Prestige Estates Projects Limited is a Public Limited Company with its
Equity Shares listed on the BSE Limited and National Stock Exchange of India Limited.
The Company operates in the real estate industry in general in the
following verticals.
> Residential
> Commercial
> Retail
> Hospitality
> Services
FINANCIAL HIGHLIGHTS (FY25-26, CONSOLIDATED)
During FY 2025-26, the Company has reported Total Revenue of Rs.
131,955 mn, EBIDTA of P 42,192 mn and PAT of P 13,054 mn, EBIDTA margin stood at 31.97%
and PAT margin stood at 9.89%. During the corresponding FY 2024-25, the Company reported
Total Income of P 77,355 mn, EBIDTA of P 29,449 mn and PAT of P
6,169 mn. EBIDTA margin stood at 38.07 % and PAT margin stood at 7.97
%.
FY25-26 OPERATIONAL HIGHLIGHTS
During FY 2025-26, the Company has sold 22.28 mn sft. of residential
and commercial space which translates to sales of P 300,245 mn. During the corresponding
FY 2024-25, the Company sold 12.58 mn sft of residential and commercial space which
translates to sales of P 170,231 mn.
COLLECTIONS
Total collections for the year ended March 31,2026 aggregated to P
185,146 mn (Prestige share of collections for the year aggregated to P 170,830 mn). Total
collections for the year ended March 31,2025 aggregated to P 120,840 mn. (Prestige share
of collections for the year aggregated to P 113,413 mn).
LAUNCHES
During the period under review, Company has maintained high demand from
the customers for its projects. During the year Company has launched 31.84 mn. sft. across
15 projects.
COMPLETIONS
13 projects with Built up Area of 18.22 mn. sft. across segments &
geographies were completed during the year.
3. TRANSFER TO GENERAL RESERVES:
During the year the Company has not transferred any amount to General
Reserve.
4. DIVIDEND:
The Board of Directors of the Company have recommended a dividend of P
2 (20%) per Equity Share of P 10/- each which is subject to approval of shareholders in
the ensuing Annual General Meeting of the Company.
5. CHANGE IN THE NATURE OF BUSINESS, IF ANY:
There was no material change in the nature of Business carried out by
the Company during the period under review.
6. SHARE CAPITAL:
The authorized share capital of the Company is P 450,00,00,000/-
divided into 45,00,00,000 Equity Shares of P 10/- each and the Issued, Subscribed and
Paid-Up Share Capital of the Company is P 430,73,02,320/- divided into 43,07,30,232 Equity
Shares of P 10/- each as on March 31,2026.
7. CHANGES IN SUBSIDIARIES AND ASSOCIATES:
As described elsewhere in the report, the Company operates in the
following verticals and the changes are mentioned herewith:
> Residential Vertical - The Company continues to be the apex entity
for Residential Vertical and shall continue to hold residential assets and all future
residential developments will continue to be undertaken by the Company.
> Commercial Vertical - Prestige Exora Business Parks Limited,
wholly owned subsidiary of the Company continues to be the apex entity for the Commercial
Vertical.
> Retail Vertical - Prestige Retail Ventures Limited, wholly owned
subsidiary of the Company, continues to be the apex entity for Retail Vertical.
> Hospitality Vertical - Prestige Hospitality Ventures Limited,
wholly owned subsidiary of the Company, continues to be the apex entity for the
Hospitality Vertical.
> Services Vertical- The Company through these verticals provides
Fit out services, Interior Designs and Execution, Facilities & Property Management and
Project & Construction Management for all its projects.
Acquisitions during the fiscal:
Aspire Spaces Tellapur Private Limited (Formerly, Aspire Spaces
Tellapur LLP)
On February 18, 2026, the Company, through its wholly owned
subsidiaries Prestige Garden Estates Private Limited and Prestige Acres Private Limited,
acquired a 100% partnership interest in Aspire Spaces Tellapur LLP. Pursuant to the
acquisition, Aspire Spaces Tellapur LLP became a wholly owned step-down subsidiary of the
Company. Subsequently, the LLP was converted into a private limited company and is now
known as Aspire Spaces Tellapur Private Limited.
Bharatnagar Buildcon LLP.
On December 10, 2025, Prestige Falcon Realty Private Limited and
Prestige Projects Private Limited, subsidiaries of the Company have acquired 66.93%
partnership interest in Bharatnagar Buildcon LLP.
Pursuant to the acquisition, Bharatnagar Buildcon LLP has become
subsidiary of the Company.
Prestige Notting Hill Investments.
On July 7, 2025 Prestige Falcon Malls Private Limited, wholly owned
subsidiary of the Company has acquired 49% partnership interest in Prestige Notting Hill
Investments. With this acquisition, the Company directly and indirectly holds 100%
partnership interest in Prestige Notting Hill Investments.
Prestige AAA Investments
On July 7, 2025 the Company has acquired 48.99% partnership interest in
Prestige AAA Investments. With this acquisition, the Company now holds 99.99% partnership
interest in Prestige AAA Investments.
Apex Realty Ventures LLP
On July 22, 2025, the Company directly and through Village De Nandi
Private Limited its wholly owned subsidiary acquired 40% partnership interest in Apex
Realty Ventures LLP. With this acquisition, this LLP has now become wholly owned
subsidiary of the Company.
Divestments during the fiscal:
Maheshwaram Land Holdings
The Company and Village De Nandi Private Limited, wholly owned
subsidiary, holding partnership interest aggregating to 100% in M/s. Maheshwaram Land
Holdings (“Firm”), have retired as partners from the Firm on June 3, 2025.
8. SIGNIFICANT OR MATERIAL ORDERS PASSED BY
REGULATORS/ COURTS:
There were no material orders passed during the year under review.
9. CONSOLIDATED FINANCIAL STATEMENTS:
The Company as on March 31, 2026 has Thirty-Eight (38) Subsidiary
Companies, Six (6) Joint Venture Companies and One (1) Associate Company within the
meaning of Section 2(87) and Section 2(6) of the Companies Act, 2013 (hereinafter referred
to as the ‘Act' in this Report). There has been no material change in the nature
of business of the Subsidiaries/Associates/Joint Ventures.
The Consolidated Financial Statements of the Company, its Subsidiaries,
Joint Ventures and Associate Companies are prepared in accordance with the provisions of
Section 129 of the Companies Act, 2013, read with Companies (Accounts) Rules, 2014 and the
provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Consolidated Financial Statements presented by the Company include the financial
results of its Subsidiaries, Joint Ventures /Associate. Pursuant to Section 129(3) of the
Act, a separate statement containing the salient features of the financial performance of
Subsidiaries, Joint ventures, Associates of the Company in the prescribed Form AOC- 1 is
provided in Annexure I to the Report.
The Audit Committee and the Board review the significant transactions
and financial statements of subsidiaries. The minutes of subsidiary companies are placed
before the Board for its review. Pursuant to provisions of Section 136 of the Act, the
Financial Statements of the Company, Consolidated Financial Statements along with relevant
documents and separate Audited Accounts in respect of Subsidiaries are available on the
website of the Company.
10. CHANGES IN DIRECTORS AND KEY MANAGERIAL
PERSONNEL:
During the year under review, there was no change in directors and Key
Managerial Personnel.
The composition of the Board is elaborated in the Corporate Governance
Report.
11. BOARD OF DIRECTORS AND ITS COMMITTEES:
Composition of the Board of Directors
As on March 31, 2026, the Board of Directors of the Company comprises
of Eight (8) Directors of which Four (4) are
Executive Promoter Directors and Four (4) are Non -Executive
Independent Directors.
None of the Directors of the Company are disqualified under Section
164(2) of the Companies Act, 2013.
Board Meetings
The Board met Four (4) times during the year under review and the
intervening gap between the meetings was within the period prescribed under the Companies
Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The dates of the meetings are as below:
Independent Directors Meeting
As per the requirements of Schedule IV of the Companies Act, 2013 and
Regulation 25(3) of SEBI (LODR) Regulations, a separate meeting of the Independent
Directors of the Company was held on March 26, 2026 without the presence of the Chairman
& Managing Director or Executive Directors or Company Secretary & Compliance
Officer or Chief Financial Officer or any other Management Personnel.
Committees of the Board
The composition of various Committees of the Board and their meetings,
including the terms of reference are detailed in the Corporate Governance Report forming
part of the Annual Report.
Re-appointment of a Director retiring by rotation
I n terms of Section 152 of the Companies Act, 2013, Ms. Uzma Irfan,
Director, (DIN: 01216604) is liable to retire by rotation at the ensuing Annual General
Meeting; and being eligible, offers herself for re-appointment. The Board of Directors,
based on the recommendation of Nomination & Remuneration Committee, have recommended
the re-appointment of Ms. Uzma Irfan, Director, who is liable to retire by rotation.
The Notice convening the Annual General Meeting includes the proposal
for the re-appointment of the Director as aforesaid. Brief resume of the Director proposed
to be re-appointed, nature of her expertise in specific functional areas and names of the
Companies in which she holds directorship/ membership/ chairmanship of the Board or
Committees, as stipulated under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 have been provided as an annexure to the Notice convening the Twenty
Ninth Annual General Meeting.
Re-designation of Ms. Uzma Irfan (DIN: 01216604)
as Whole-Time Director
Based on the performance evaluation of Ms. Uzma Irfan and on the
recommendation of the Nomination and Remuneration
Committee, the Board of Directors, at its meeting held on May 21, 2026,
approved the re-designation of Ms. Uzma Irfan as Wholetime Director of the Company
effective from May 21, 2026, for a period of 5 (five) years till May 20, 2031, subject to
approval of shareholders. The Board is of the view that her continued leadership,
extensive experience, and valuable contributions will further strengthen the management of
the Company and contribute to its sustained growth.
Declaration by Independent Directors
The Independent Directors of the Company have provided the declaration
of Independence as required under Section 149(7) of the Companies Act, 2013, confirming
that they meet the criteria of Independence under Section 149(6) of the Companies Act,
2013 read with the Regulation 25(8) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Annual Performance Evaluation of the Board
Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, the Nomination and
Remuneration Committee and the Board have laid down the manner in which formal annual
evaluation of the Board, its committees, and Individual Directors has to be made.
The performance evaluation of the Independent Directors was carried out
by the entire Board. The performance evaluation of the Chairman and Non-independent
Directors was carried out by the Independent Directors in the following manner:
a. Evaluation of performance of Non-independent Directors and the Board
of Directors of the Company as a whole;
b. Evaluation of performance of the Chairman of the Company, taking
into account, views of Executive and NonExecutive Directors;
c. Evaluation of quality, content and timeliness of flow of information
between the Management and the Board that is necessary for the Board to effectively and
reasonably perform its duties.
Directors Responsibility Statement
As required by Section 134(5) of the Companies Act, 2013, your Board of
Directors hereby confirm that:
a. i n the preparation of the Annual Financial Statements for the year
ended March 31,2026, the applicable Accounting Standards have been followed along with
proper explanation relating to material departures;
b. the Directors have selected such Accounting Policies and applied
them consistently and made judgments and estimates that are reasonable and prudent so as
to give a true and fair view of the state of affairs of the Company at the end of the
Financial Year 2025-26 and of the profit of the Company for that period;
c. the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013, for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities;
d. the Annual Financial Statements have been prepared on a Going
Concern basis;
e. the Directors have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were adequate and operating
effectively; and
t. the Directors have laid down Internal Financial Controls to be
followed by the Company and that such Internal Financial Controls are adequate and were
operating effectively.
Corporate Governance Report
I n accordance with Regulation 34(3) read with Schedule V of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate report on
Corporate Governance forms part of this report.
A certificate from M/s. Nagendra D Rao & Associates LLP, Practicing
Company Secretaries affirming compliance with the various conditions of Corporate
Governance in terms of the Listing Regulations given in a separate section of the Annual
Report.
Management Discussion and Analysis Report
In terms of Regulation 34 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Management Discussion and Analysis Report forms part
of this Annual Report.
Business Responsibility and Sustainability Report
The SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 mandates the inclusion of Business Responsibility and Sustainability Report
(“BRSR”) as the part of Annual Report for top one thousand listed companies
based on the market capitalization as on December 31, every year. The Report has been
mandated by SEBI for providing initiatives taken by the Companies from Environmental,
Social and Governance perspective. In Compliance with the regulation, the Company has
provided the BRSR for the year 2025-26 as part of this Annual Report. The Environmental,
Social and Governance Policy is available at the website of the Company
www.prestigeconstructions.com
12. AUDIT RELATED MATTERS:
Audit Committee
The terms of reference of the Audit Committee are in consonance with
the requirements spelt out in Section 177 of the Companies Act, 2013 and Regulation 18 of
SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The
Composition of the Audit Committee is mentioned in the Corporate Governance Report which
forms part of this Annual Report.
Statutory Auditors & Report thereon
M/s. S. R. Batliboi & Associates LLP, Chartered Accountants,
Bengaluru (FRN 101049W/E300004) were re-appointed as Statutory Auditors of the Company at
the 25th Annual General Meeting of the Company held on September 27, 2022 to
hold office till the conclusion of 30th Annual General Meeting to be held in
the year 2027. The auditor's report for the year ending March 31,2026 forms part of
this Annual Report.
Statutory Auditors Qualification / Comment on the
Company's Standalone Financial Statements
There are no qualifications or adverse remarks in the Statutory Audit
Report on the Financial Statements.
Secretarial Auditor & Report thereon
Pursuant to Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel), Rules, 2014, Secretarial Audit for
the Financial Year 2025-26 has been carried out by M/s. Nagendra D Rao & Associates
LLP, Practicing Company Secretaries ICSI Firm Registration No: L2018KR004100.
The Report of the Secretarial Audit in Form MR-3 for the Financial Year
ended March 31, 2026 follows as Annexure II - A to the Report. In the said report, the
Secretarial Auditor has also commented that information as required under Section 134(q)
of the Companies Act, 2013 read with rule 5(1 )(ii) and (ix) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, remuneration details of Chief
Financial Officer and Company Secretary has not been disclosed in the Boards' Report.
Your directors stated that with a view to ensure healthy & cordial human relations at
all levels and considering the confidential nature of the information, the remuneration
details of Chief Financial Officer and Company Secretary have not been disclosed in the
interest of the Company. However, on a request from any shareholder or any regulatory
authority, the same shall be shared separately.
Further, the secretarial audit reports of material subsidiary
companies, Prestige Hospitality Ventures Limited and Prestige Garden Estates Private
Limited issued by M/s. Nagendra D Rao & Associates LLP, Practicing Company Secretaries
are provided in Annexure II - B & Annexure II - C respectively to this Report. The
reports does not contain any qualification, reservation or adverse remark.
Cost Auditor & Report thereon
The Cost Audit Records are maintained in accordance with the provisions
of Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit)
Amendment Rules, 2014. There are no qualifications or adverse remarks in the Cost Audit
Report which require any explanation from the Board of Directors.
Based on the recommendations of the Audit Committee, the Board of
Directors have re-appointed M/s. P. Dwibedy & Co, Cost Accountants, (FRN-100961) as
the Cost Auditors of the Company for the Financial Year 2026-27.
As per Rule 14 of Companies (Audit and Auditors) Rules, 2014, the
Remuneration payable to the Cost Auditors for the FY 2026-27 is subject to ratification by
the Shareholders of the Company and the same is being put to shareholders at the ensuing
Annual General Meeting. The Notice convening the Annual General Meeting contains the
proposal for ratification of the remuneration payable to the Cost Auditors.
Internal Financial Controls
The Board of Directors of your Company have laid down Internal
Financial Controls to be followed by the Company and such Internal Controls are adequate
and operating effectively. Your Company has adopted policies and procedures for ensuring
orderly and efficient conduct of its Business, including adherence to the Company's
policies, the safeguarding of its assets, the prevention and detection of frauds and
errors, the accuracy and completeness of the accounting records and the timely preparation
of reliable financial disclosures.
I n view of growth of business activities, on recommendation of Audit
Committee, the Board of Directors of the Company have appointed M/s. Grant Thornton India
LLP and M/s. Deloitte Touche Tohmatsu India LLP as the Internal Auditors for Financial
year 2025-26.
During the year under review, these controls were evaluated and no
significant weakness was identified either in the design or operation of the controls.
Fraud Reporting
During the year under review, the Statutory Auditors and Secretarial
Auditors of the Company have not reported any fraud to the Audit Committee committed by
its officers or employees as specified under Section 143(12) of the Act.
13. DISCLOSURE ON CONFIRMATION WITH SECRETARIAL
STANDARDS:
The Directors confirm that the mandatory Secretarial Standards on Board
and General Meetings issued by the Institute of Company Secretaries of India in accordance
with the applicable provisions of Companies Act, 2013 and rules made thereunder, have been
duly complied with.
14. POLICY MATTERS:
The Directors of the Company are appointed by the Members at the Annual
General Meetings in accordance with the provisions of the Companies Act, 2013 and the
Rules made thereunder.
The Company has adopted the provisions of the Companies Act, 2013 and
provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
relating to the Appointment and Tenure of Independent Directors.
The Company has also adopted Remuneration policy for Directors, Key
Managerial Personnel and Senior Management Personnel and the same is available at the
Company website www.prestigeconstructions.com
The Company recognizes and embraces the importance of a diverse Board
in its success. A truly diverse Board will leverage differences in thought, perspective,
knowledge, skill, regional and industry experience, age, race and gender etc., which will
help the Company to retain its competitive advantage. The Policy on Board Diversity has
been adopted by the Company and available at the website www.prestigeconstructions.com.
The Nomination and Remuneration Committee has formulated a policy for
determining qualifications, positive attributes and independence of Directors and a policy
relating to the remuneration for the Directors, Key Managerial Personnel and Senior
Management Personnel of the Company. The Remuneration paid is as per the Nomination and
Remuneration Policy formulated by the Nomination and Remuneration Committee and approved
by the Board of Directors of the Company. The Nomination & Remuneration policy is
available at the website of the Company at www.prestigeconstructions.com.
The Board has constituted a Risk Management Committee which is
entrusted with the task of monitoring and reviewing the Risk Management Plan and
procedures of the Company. This acts as a supplement to the Internal Control Mechanism and
Audit function of the Company. The Risk Management Policy is available at the website of
the Company at www. prestigeconstructions.com.
The Corporate Social Responsibility Policy has been formulated by the
Corporate Social Responsibility Committee and approved by the Board of Directors and is
available at the website of the Company at www.prestigeconstructions.com
The activities pertaining to Corporate Social Responsibility is
detailed in Annexure III to the Report.
The Company has established a Vigil Mechanism to promote ethical
behavior in all its business activities and has in place, a mechanism for employees to
report any genuine grievances, illegal or unethical behavior, suspected fraud or violation
of laws and regulations and can report the same to the Ethics Counsellor and the Audit
Committee Chairman of the Board of the Company. The whistle blower policy is available at
the website of the Company www.prestigeconstructions.com
As a part of the policy for Prevention of Sexual Harassment in the
organization, your Company has in place, an effective system to prevent and redress
complaints of sexual harassment of women at work place in accordance with The Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and
relevant rules thereunder. During the year under review, there have been no instances of
any complaints. The policy can be accessed at our website www. prestigeconstructions.com
The Dividend Distribution Policy, in terms of Regulation 43A of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”) is available on the website of
the Company at https://d1t2fddy6amcvs.cloudfront.net/investors/policies/
dividend-distribution.pdf
As per the provisions of the SEBI (Prohibition of Insider Trading)
Regulations, 2015, the Company has adopted a Code of Conduct to regulate, monitor and
report trading by designated persons in securities of the Company. The policy and
procedures are periodically reviewed and revised from time to time and communicated to the
designated persons and is available on the website of the Company.
The Insider Trading Code has been implemented to prevent the misuse of
unpublished price-sensitive information and set a framework, rules, and procedures that
all concerned parties should follow, both in letter and spirit, while trading in listed
securities of the Company.
A digital platform is being maintained by the Company, which contains
the names and other prescribed particulars of the persons covered under the Insider
Trading Code. This online tracking mechanism helps for monitoring trade in the
Company's securities by designated persons and taking appropriate action in case of
any violation/non-compliance of the Company's Insider Trading Code.
A comprehensive maternity benefits policy has been established covering
all female employees under the Maternity Benefit Act, 1961, and the Company is in
compliance with the requirements under the aforementioned legislation.
15. OTHER MATTERS:
A. Deposits
The Company has not accepted any deposits from public and as such, no
amount on account of principal or interest on deposits from public was outstanding as on
the date of the balance sheet. Accordingly, disclosing the details of deposits which are
not in compliance with the requirements of Chapter V of the Act is not applicable.
B. Awards and Recognitions
Your Company has been bestowed with various awards during the period
under review, the details of which are provided in the separate section in the Annual
Report titled ‘Awards & Recognition'.
C. Debentures:
The Company has not issued any debentures during the year under review.
16. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION
FUND
I n compliance with the provisions of the Companies Act, 2013
(“Act”) and the Investor Education and Protection Fund Authority (Accounting,
Audit, Transfer and Refund) Rules, 2016 (”IEPF Rules”), the Company has, during
the year transferred unclaimed
dividend amounting to 7 34,847 to the Investor Education and Protection
Fund.
17. HUMAN RESOURCES:
Employee Relations remained cordial throughout the year at all levels.
Your Company would like to place its appreciation for all the hard work, dedication and
efforts put in by all the employees.
As on March 31, 2026, the Company had employee strength of 1,533
Female: 327 Male: 1,206 Transgender: 0
Further, total employees of the company including its subsidiaries,
associate and joint ventures stood at 11,652
Information as required pursuant to Section 197 (12) of the Companies
Act, 2013 read with Rule 5 (1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is elaborated in Annexure IV of this report.
18. EXTRACT OF ANNUAL RETURN:
As per the requirements of Section 92(3) of the Act and the rules made
thereunder, the extract of the annual return as on March 31,2026 is available on the
Company's website at https:// prestigecorporatesite.s3.ap-south-1
.amazonaws.com/investors/ financial-performance/fy-2025-2026/annual-return/annual-
return-2025-2026.pdf
19. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS UNDER SECTION 186:
In terms of Section 134 of the Companies Act, 2013, the particulars of
loans, guarantees and investments made by the Company under Section 186 of the Companies
Act, 2013 are detailed in Notes to Accounts of the Financial Statements.
20. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH
RELATED PARTIES:
All contracts / arrangements / transactions entered into, by the
Company during the Financial Year, with Related Parties were in the ordinary course of
business on an arm's length price basis. The details of contracts and arrangements
with related parties for the financial year ended March 31,2026, are provided in the Notes
to the Standalone Financial Statements, which forms part of this Annual Report.
During the year, the Company entered into the following material
related party transactions subsequent to resolutions passed by the shareholders in the
Annual General Meeting held on September 10, 2025
• Contracts(s)/agreement(s) with its subsidiary company Prestige
Projects Private Limited in relation to (a) issuing and/or receiving intercorporate
deposits (b) issuing corporate guarantee/ security for securing borrowings and (c)
purchase/ sale of raw materials/goods and/ or rendering/ availing of services
The policies of Related Party Transactions & Material related party
transactions, can be referred to at https://d1t2fddy6amcvs.
cloudfront.net/investors/policies/related-party-transactions-2024. pdf
21. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:
The details of conservation of energy, technology absorption, foreign
exchange earnings and outgo are as follows:
The Company advances its sustainability agenda by integrating
energy-efficient practices and adopting innovative technologies that enhance performance,
reduce environmental impact, and deliver long-term value. These initiatives align with
Green Building principles, LEED standards, and the Energy Conservation Building Code,
ensuring projects meet rigorous benchmarks while enhancing occupant well-being.
a) Conservation of Energy
| Pa rticulars |
Details |
| Steps taken or impact on conservation of
energy |
• Increased the share of renewable
electricity through off-site renewable energy procurement across operational sites. |
|
• Installed on-site rooftop solar power
systems to generate renewable electricity. |
|
• Installed EV charging stations to
promote sustainable mobility. |
|
• Adopted energy-efficient HVAC
technologies, including auto tube chiller cleaning systems and direct drive power systems,
to optimise energy consumption. |
|
• Implemented loT-enabled water
monitoring systems to improve water use efficiency. |
|
• Reused AHU condensate water for
cooling tower operations to reduce freshwater consumption. |
|
• Adopted zero water discharge practices
and strengthened water reuse initiatives. |
|
• Installed rainwater harvesting systems
to augment water conservation. |
|
• Installed Organic Waste Converters
(OWCs) to process biodegradable waste into compost. |
|
• Adopted sludge dewatering technology
to convert STP sludge into manure. |
|
• Enhanced green cover through Miyawaki
forests, vertical gardens, tropical landscaping and native plantation initiatives. |
|
• Implemented indoor air quality
monitoring systems to enhance occupant well-being. |
| Steps taken by the company for utilising
alternate sources of energy |
• Increased procurement of renewable
electricity through off-site renewable energy Power Purchase Agreements (PPAs). |
|
• 1 nstalled rooftop solar photovoltaic
systems at select operational sites to generate clean energy. |
|
• Continued to expand the share of
renewable energy in the operational portfolio through a combination of off-site
procurement and on-site solar generation. |
b) Technology absorption
We adopt advanced technologies to boost quality, speed
processes, and reduce environmental impact, ensuring resource
efficiency and resilience.
Key measures include:
• I mplemented loT-enabled water monitoring systems to optimise
water consumption.
• Adopted direct drive power systems to improve energy efficiency.
• I nstalled energy-efficient auto tube chiller cleaning systems
for HVAC optimisation.
• Adopted advanced HVAC auto tube cooling systems to enhance
operational efficiency.
• I mplemented indoor air quality monitoring systems across
operational sites.
• I nstalled multi-disc screw press technology to convert STP
sludge into manure.
• Installed terrace-mounted solar panel grid systems for on-site
renewable energy generation.
These innovations enhance environmental performance and
create cost-efficient, future ready spaces
c) Foreign exchange earnings and outgo
i) Earnings and Expenditure on foreign currency on accrual basis
| Particulars |
March 31,2026 |
March 31,2025 |
Earnings in Foreign exchange |
42.10 |
120.95 |
Expenditure in Foreign exchange |
|
|
| Professional & Consultancy charges
incurred on projects |
43.02 |
66.21 |
| Travelling expenses |
1.30 |
0.64 |
| Selling & business promotion expenses |
3.88 |
65.79 |
| Other Expenses |
48.26 |
41.63 |
Total Expenditure |
96.46 |
174.27 |
ii) Value of Imports on CIF basis:
| Particulars |
March 31,2026 |
March 31,2025 |
Components for projects |
|
- |
Capital goods |
0.54 |
11.19 |
22. THE DETAILS OF APPLICATION MADE OR PROCEEDINGS
PENDING, IF ANY, UNDER THE INSOLVENCY AND BANKRUPTCY CODE:
The Company has neither filed an application during the year under
review nor any proceedings are pending under the Insolvency and Bankruptcy Code, 2016 as
at March 31,2026.
23. VALUATION FOR ONE TIME SETTLEMENT
There was no instance of one time settlement with any bank or financial
institution.
24. INTEGRATED REPORT
The Company has voluntarily prepared Integrated Report that presents
both financial and non-financial information, enabling Members to make informed decisions
and gain an understanding of the Company's long-term value creation strategy to enable the
Members to take well-informed decisions.
25. GREEN INITIATIVES:
Prestige with a strong focus on sustainable development has placed an
EV-charging in the premises of the Company to promote the usage of electric vehicles and
reduce the emissions of pollutants
caused due to gasoline vehicles. The Company is also issuing electronic
copies of the Annual Report 2026 and Notice of the Twenty-Ninth Annual General Meeting
(“AGM”) to all the members whose email address is registered with the
Company/Depository participant(s). For members who have not registered their email
address, physical copies of the Annual Report 2026 and the Notice of the Twenty-Ninth AGM
are being sent in the permitted mode.
The Company is providing e-voting facility to all members to enable
them to cast their votes electronically on all resolutions set forth in the Notice of the
Twenty-Ninth AGM. This is pursuant to Section 108 of the Companies Act, 2013 read with
applicable Rules and in accordance with SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015. The instructions for e-voting are provided in the Notice
of the AGM.
26. ACKNOWLEDGMENTS:
The Board of Directors take this opportunity to sincerely thank the
Company's valued Customers, Clients, Suppliers, Vendors, Investors, Bankers and
Shareholders for their trust and continued support towards the Company. The Board
expresses its deepest sense of appreciation to all the employees at all levels whose
professional committed initiative has laid the foundation for the organization growth and
success.
|
For and on behalf of Board of Directors of |
|
Prestige Estates Projects Limited |
|
Sd/- |
|
Irfan Razack |
|
Chairman and Managing Director |
|
DIN: 00209022 |
|
Sd/- |
|
Rezwan Razack |
| Place: Bengaluru |
Joint Managing Director |
| Date: May 21,2026 |
DIN: 00209060 |
|