NSERumour Verification - Regulation 30(11)19 Jun 2026 · 19 Jun 2026, 09:56 pm

Rumour Verification - Regulation 30(11)

Prestige Estates Projects Limited · PRESTIGE

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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.

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Prestige Estates Projects Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

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PRESTIGE_19062026215551_Intimation_for_Market_rumour.pdf

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Date: June 19, 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 – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: PRESTIGE BSE Scrip code: 533274 Dear Sir / Madam, Sub: Clarification on the news item published “Prestige Hospitality is said to explore stake sale instead of IPO” This is with reference to news article appearing in the Hindu Business Line online edition on June 18, 2026 with the headline “Prestige Hospitality reported to have put IPO plans on hold, explores stake sale instead”. With respect to the above-mentioned article, we wish to inform you that as per our stock exchange intimation dated June 21, 2024, the Board of the company constituted a sub-committee which has been authorised to evaluate monetization of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly owned subsidiary of the Company, subject to market conditions and receipt of applicable approvals. At this stage, there is no material event/ information that requires disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company will continue to make appropriate disclosures in compliance with applicable laws, as and when required. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary & Compliance Officer Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322