Monitoring Agency Report for the quarter ended June 30, 2026

July 29, 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 pursuant to Regulation 32(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”) Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Monitoring Agency Report with respect to the utilisation of Issue proceeds for the quarter ended June 30, 2026, issued by ICRA Limited. The monitoring agency confirmed in its report that there is no deviation in utilization of proceeds of QIP as stated in the object of the issue. Further, as of the closure of quarter ended June 30, 2026, issue proceeds of QIP are fully utilized. This is for your information and records. Thanking You, Yours sincerely For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary and Compliance Officer Encl: a/a. 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 ICRA Limited Date: July 14, 2026 Mr. Amit Mor Chief Financial Officer Prestige Estates Projects Limited Prestige Falcon Towers, No 19 Brunton Road Bangalore – 560025 Dear Sir, Re: Final Monitoring Agency report of Prestige Estates Projects Limited for Q1 FY2027 Please refer to agreement dated August 29, 2024, appointing ICRA Limited as the Monitoring Agency (MA) for Prestige Estates Projects Limited’s QIP Issue. After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q1 FY2027. Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by Prestige Estates Projects Limited against any objects / heads or assurance on outcome of such spending. We thank you for your kind cooperation extended during the course of Q1 FY2027. Should you require any clarification, please do not hesitate to get in touch with us. We look forward to your communication and assure you of our best services. With kind regards For ICRA Limited Suprio Banerjee Vice President & Co-Group Head supriob@icraindia.com Building No. 8, 2nd Floor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN : L749999DL1991PLC042749 Email: info@icraindia.com Gurugram – 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41 RATING ● RESEARCH ● INFORMATION Sensitivity Label : Internal June 2026 MONITORING AGENCY REPORT Name of the Issuer: Prestige Estates Projects Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: ICRA Limited (a) Deviation from the objects of the issue: No material deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Suprio Banerjee Vice President & Co-Group Head Analyst: Sweety Shaw QA: Dhwani Vinchhi June 2026 1. Issuer Details Name of the Issuer: Prestige Estates Projects Limited Name(s) of the promoters: Promoters Mr. Irfan Razack Mr. Rezwan Razack Mr. Noaman Razack Source: Letter of Offer Industry/ sector to which it belongs: Real Estate 2. Issue Details Issue Period: Opening date- August 29, 2024 Closing date- September 04, 2024 Type of Issue: QIP Type of specified securities: Equity shares Issue Size (Rs. Crore): 5000.00 Crore With OFS portion: Not Applicable; Excluding OFS portion: Not Applicable. Gross Proceeds: INR 5000.00 Crore (Including Issue Related Expenses amounting INR 99.40 Crore) Net Proceeds as per the prospectus: INR 4900.60 crore* * Net Proceeds have been revised at INR 4899.17 Crore due to an increase in actual Issue related expenses (IRE) by INR 1.43 Crore as on 30th June 2026. June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Placement Document -Peer Reviewed CA Net Proceeds have been revised Whether all utilization is as per Certificate at INR 4899.17 Crore due to an the disclosures in the Offer Yes - Monitoring Account increase in actual Issue related No Comments Document? statement and bank expenses (IRE) by INR 1.43 Crore statement of the proceed as on 30th June 2026 accounts. Whether shareholder approval has been obtained in case of Not As confirmed by the material deviations# from No comments No comments Applicable Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No As confirmed by the No comments No comments issue has changed? Issuer’s management Is there any major deviation observed over the earlier No No deviation observed. No comments No comments monitoring agency reports? Whether all Government/ statutory approvals related to Not As confirmed by the No comments No comments the object(s) have been Applicable Issuer’s management obtained? Whether all arrangements pertaining to technical Not As confirmed by the No comments No comments assistance/ collaboration are in Applicable Issuer’s management operation? Are there any favorable events As understood from the Issuer’s improving the viability of these No As confirmed by the No comments management object(s)? Issuer’s management Are there a [Showing first 8,000 characters — download PDF for full document]