Rumour Verification - Regulation 30(11)

Prestige Estates Projects Limited has issued a clarification regarding recent media reports concerning its hospitality segment. The announcement addresses speculation that its wholly-owned subsidiary, Prestige Hospitality Ventures Limited, was exploring a stake sale instead of an Initial Public Offering (IPO). The company confirmed that its Board had previously constituted a sub-committee to evaluate various monetization options for this hospitality business. This clarifies to investors that the company is indeed pursuing strategies to monetize its hospitality segment, providing context to the market rumours without specifying the final chosen method.