Disclosure under SEBI Takeover Regulations

Prestige Estates Projects Limited announced a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Razack Family Trust, a promoter of the company, confirmed that the promoters and promoter group have not made any encumbrance on the company's shares. This means no shares held by the promoter group are pledged or used as collateral, assuring investors of their unencumbered status. For investors, this signifies financial stability and confidence from the promoter group, potentially reducing risks associated with forced share sales.