NSEGeneral Updates1h ago · 25 Sept 2026, 06:21 pm
General Updates
Prestige Estates Projects Limited · PRESTIGE
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Prestige Estates Projects Limited's subsidiary, Prestige Hospitality Ventures Limited, has withdrawn its Draft Red Herring Prospectus (DRHP) filed with SEBI, National Stock Exchange, and BSE due to strategic considerations and uncertain market conditions.
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Full Announcement
Prestige Estates Projects Limited has informed the Exchange about the withdrawal of DRHP by Subsidiary
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PRESTIGE_25092026182037_Emerald_-_PEPL_DRHP_Withdrawal_Intimaiton.pdf
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Date: September 25, 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, Bandra (E) Floor 25, P J Towers
Mumbai-400051 Dalal Street, Mumbai – 400 001
NSE Scrip code: PRESTIGE BSE Scrip code: 533274
Dear Sir / Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
This is in furtherance to our intimation dated April 24, 2025. We wish to inform you that our
subsidiary, Prestige Hospitality Ventures Limited (“PHVL”), filed a Draft Red Herring
Prospectus dated April 24, 2025 (“DRHP”) with the Securities and Exchange Board of India
(“SEBI”), the National Stock Exchange of India Limited and BSE Limited (“Stock
Exchanges”). However, the board of directors of PHVL has decided to withdraw the DRHP
on account of strategic considerations and uncertain market conditions, pursuant to its
resolution dated September 25, 2026 and corresponding communication dated September 25,
2026 made to the book running lead managers to the Offer. PHVL has accordingly withdrawn
the DRHP filed with SEBI pursuant to a letter dated September 25, 2026 issued to SEBI by the
book running lead managers to the Offer, in this regard.
Additionally, PHVL may consider filing a fresh draft red herring prospectus with SEBI in the
future for an initial public offering of its equity shares in accordance with the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018,
subject to suitable market conditions, receipt of requisite approvals and other considerations.
Yours faithfully,
For Prestige Estates Projects Limited
Manoj Krishna J V
Company Secretary and Compliance officer
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