NSEAcquisition10 Sept 2026 · 10 Sept 2026, 10:25 am
Acquisition
Prestige Estates Projects Limited · PRESTIGE
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Prestige Estates Projects Limited has informed the Exchange about the incorporation of two wholly-owned subsidiaries, Southgrove Homes LLP and Parkgrove Realty LLP, to carry on real estate development.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Prestige Estates Projects Limited has informed the Exchange about Incorporation of a wholly-owned subsidiaries
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PRESTIGE_10092026102434_Intimation.pdf
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September 10, 2026
The General Manager The Manager
Dept. of Corporate Services Dept of Corporate Services
National Stock Exchange of India Limited BSE Limited
Bandra Kurla Complex Floor 25, P J Towers
Bandra (E) Mumbai-400051 Dalal Street Mumbai – 400 001
NSE SYMBOL: PRESTIGE BSE Scrip code: 533274
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, We, Prestige Estates Projects Limited (“the Company”) wish to inform you
that ‘Southgrove Homes LLP’ and ‘Parkgrove Realty LLP’ has been incorporated as a
Wholly-Owned Subsidiaries of the Company on September 9, 2026.
In this regard, we hereby enclose the necessary details in Annexure A as required under the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI
circular No. SEBI circular No. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026.
This is for your information and records.
Thanking You,
Yours sincerely
For Prestige Estates Projects Limited
Manoj Krishna J V
Company Secretary and Compliance Officer
Enclosed: a/a
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322
Annexure – A
Information as required under Regulation 30 - Para A Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosures Requirements)
Regulations, 2015 are as follows:
1. Details for incorporation of Southgrove Homes LLP:
1. Name of the target entity, details in Southgrove Homes LLP is incorporated as a
brief such as size, turnover etc. Wholly-Owned Subsidiary on September 9,
2026.
LLPIN: ADC-0701
Total Contribution in the LLP by both the
partners: INR 1,00,000/-
Contribution in the LLP by the Company and
its subsidiary: INR 1,00,000/-
Size/Turnover: Not Applicable (yet to
commence its business operations)
2. Whether the acquisition will fall Southgrove Homes LLP has been
within related party transaction(s) incorporated as a Wholly-Owned Subsidiary
and whether promoter/ promoter of the Company and therefore is a related
group/ group companies have any party of the Company.
interest in the entity being
acquired? If yes, nature of interest The Promoter/ Promoter Group/ Group
and details thereof and whether the Companies are not interested in the
same is done at “arm’s length” transaction.
3. Industry to which the entity Southgrove Homes LLP is incorporated to
belongs to carry on business of real estate development.
4. Objects and effects of acquisition Southgrove Homes LLP is incorporated to
carry on real estate development.
5. Brief details of any governmental Not Applicable.
or regulatory approvals required
for the acquisition
6. Indicative time period for Not Applicable.
completion of the acquisition
7. Consideration Contribution of INR 1,00,000/- for 100% of
Partnership Interest (directly & indirectly).
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322
8. Price at which shares would be Contribution of INR 1,00,000/- for 100% of
subscribed Partnership Interest (directly & indirectly).
9. Percentage of shareholding/ no. of 100% of Partnership Interest (directly &
shares acquired indirectly).
10. Brief background about the entity Southgrove Homes LLP is incorporated in
acquired in terms of products/line India under the Limited Liability Partnership
of business acquired, date of Act, 2008, to carry on the business of real
incorporation, history of last 3 estate development.
years turnover, country in which
the acquired entity has presence Date of Incorporation: September 9, 2026.
and any other significant
information (in brief); Turnover History: Not Applicable.
Southgrove Homes LLP is yet to commence
its business operations.
2. Details for incorporation of Parkgrove Realty LLP:
1. Name of the target entity, details in Parkgrove Realty LLP is incorporated as a
brief such as size, turnover etc. Wholly-Owned Subsidiary on September 9,
2026.
LLPIN: ADC-0700
Total Contribution in the LLP by both the
partners: INR 1,00,000/-
Contribution in the LLP by the Company and
its subsidiary: INR 1,00,000/-
Size/Turnover: Not Applicable (yet to
commence its business operations)
2. Whether the acquisition will fall Parkgrove Realty LLP has been incorporated
within related party transaction(s) as a Wholly-Owned Subsidiary of the
and whether promoter/ promoter Company and therefore is a related party of
group/ group companies have any the Company.
interest in the entity being
acquired? If yes, nature of interest The Promoter/ Promoter Group/ Group
and details thereof and whether the Companies are not interested in the
same is done at “arm’s length” transaction.
3. Industry to which the entity Parkgrove Realty LLP is incorporated to carry
belongs to on business of real estate development.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322
4. Objects and effects of acquisition Parkgrove Realty LLP is incorporated to carry
on real estate development.
5. Brief details of any governmental Not Applicable.
or regulatory approvals required
for the acquisition
6. Indicative time period for Not Applicable.
completion of the acquisition
7. Consideration Contribution of INR 1,00,000/- for 100% of
Partnership Interest (directly & indirectly).
8. Price at which shares would be Contribution of INR 1,00,000/- for 100% of
subscribed Partnership Interest (directly & indirectly).
9. Percentage of shareholding/ no. of 100% of Partnership Interest (directly &
shares acquired indirectly).
10. Brief background about the entity Parkgrove Realty LLP is incorporated in India
acquired in terms of products/line under the Limited Liability Partnership Act,
of business acquired, date of 2008, to carry on the business of real estate
incorporation, history of last 3 development.
years turnover, country in which
the acquired entity has presence Date of Incorporation: September 9, 2026.
and any other significant
information (in brief); Turnover History: Not Applicable.
Parkgrove Realty LLP is yet to commence its
business operations.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322