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Prestige Estates Projects Limited's subsidiary, Prestige Hospitality Ventures Limited, has withdrawn its Draft Red Herring Prospectus (DRHP) filed with SEBI, National Stock Exchange, and BSE due to strategic considerations and uncertain market conditions.

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Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk2/10
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Market Sentiment5/10

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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 PHVL has accordingly withdrawn the DRHP filed with SEBI pursuant to a letter dated September 25, 2026 issued to SEBI by the book running lead managers to the Offer, in this regard.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