NSEAcquisition6d ago · 3 Nov 2026, 07:47 pm

Acquisition

Prestige Estates Projects Limited · PRESTIGE

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Prestige Estates Projects Limited has acquired 100% stake in Gloind Vintage Infra Private Limited for approximately INR 519 crores.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Prestige Estates Projects Limited has informed the Exchange about Acquisition of 100% stake in Gloind Vintage Infra Private Limited.

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PRESTIGE_03112026194631_Intimation_under_Reg_30_Acquisition.pdf

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Date: November 3, 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) Dalal Street Mumbai-400051 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 on November 3, 2026, Prestige Retail Ventures Limited (“PRVL”), a wholly owned subsidiary of the Company, has acquired 100% of the equity share capital of Gloind Vintage Infra Private Limited (“Gloind”) from DSFF Series 2, a scheme of Dickey Special Situation Investment Trust, and Mr. Jasbir Singh, pursuant to a Securities Purchase Agreement dated November 3, 2026. With this acquisition, Gloind has become a wholly owned step-down subsidiary of the Company. In this regard, we hereby enclose the necessary details in Annexure - I as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Irfan Razack Chairman and Managing Director DIN: 00209022 Enclosed: As above 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 - I 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. Name of the target entity, details in brief Name of target entity: Gloind Vintage Infra Private such as size, turnover etc. Limited (CIN: U68100HR2025PTC130293), was incorporated in India on April 03, 2025, with its registered office at DCT, 703, 7th Floor, DLF City Court, Sector 25A, DLF QE, Gurgaon, Haryana, 122002, India. Latest financial parameters for FY 2025-26: Turnover: Nil Net worth: INR 0.04 Millon Name of subsidiary of target entity: Tarun Realtors Private Limited (CIN: U07010KA2004PTC035166), was incorporated in India on December 06, 2004, with its registered office at No. 41 Vittal Malya Road, Bangalore, Karnataka, India, 560001. Tarun Realtors Private Limited is the wholly owned subsidiary of Gloind Vintage Infra Private Limited. Latest financial parameters for FY 2025-26: Turnover: INR 0.81 Million Net worth: INR 819.03 Million 2. Whether the acquisition will fall within This transaction is not a related party transaction. related party transaction(s) and whether promoter/ promoter group have any The promoter/promoter group of the Company do interest in the transaction not have any interest in the transaction. 3. Industry to which the entity belongs to Real estate, construction, and land development. 4. Objects and impact of acquisition Business reasons and for acquisition of the target entity and its subsidiary. 5. Brief details of any governmental or Not Applicable regulatory approvals required 6. Indicative time period for completion of The transaction will be consummated on or prior to the acquisition 12 November 2026. 7. Nature of consideration Cash consideration 8. Price at which shares would be Gross enterprise value of approximately INR 519 subscribed crores, and purchase of equity shares at INR 5,00,000 (Indian Rupees Five Lakhs). 9. Percentage of shareholding/ no. of Upon consummation of the transaction, the shares acquired Company will indirectly hold, through PRVL, 100% of Gloind’s equity share capital, and will also have indirect ownership and control of 100% of Tarun Realtors. 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 10. Brief background about the entity Gloind Vintage Infra Private Limited was acquired in terms of products/line of incorporated in 2025 and is in the business of real business acquired, date of estate development and construction. incorporation, history of last 3 years turnover, country in which the acquired History of last years’ turnover: entity has presence and any other 2025-26: NIL significant information (in brief); Tarun Realtors Private Limited was incorporated in 2004 and is in the business of real estate development and construction. Tarun Realtors Private Limited is the wholly owned subsidiary of Gloind Vintage Infra Private Limited. History of last 3 years’ turnover: 2025-26: INR 0.81 Million 2024-25: INR 1.49 Million 2023-24: INR 1.34 Million 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