There have been no material changes or commitments affecting
the financial position of the Company which have occurred
between March 31,2026 and the date of this report.

2. BUSINESS:

Business Overview

Prestige Estates Projects Limited is a Public Limited Company with
its Equity Shares listed on the BSE Limited and National Stock
Exchange of India Limited.

The Company operates in the real estate industry in general in the
following verticals.

> Residential

> Commercial

> Retail

> Hospitality

> Services

FINANCIAL HIGHLIGHTS (FY25-26, CONSOLIDATED)

During FY 2025-26, the Company has reported Total Revenue of
Rs. 131,955 mn, EBIDTA of P 42,192 mn and PAT of P 13,054 mn,
EBIDTA margin stood at 31.97% and PAT margin stood at 9.89%.
During the corresponding FY 2024-25, the Company reported
Total Income of P 77,355 mn, EBIDTA of P 29,449 mn and PAT of P

6,169 mn. EBIDTA margin stood at 38.07 % and PAT margin stood
at 7.97 %.

FY25-26 | OPERATIONAL HIGHLIGHTS

During FY 2025-26, the Company has sold 22.28 mn sft. of
residential and commercial space which translates to sales of P
300,245 mn. During the corresponding FY 2024-25, the Company
sold 12.58 mn sft of residential and commercial space which
translates to sales of P 170,231 mn.

COLLECTIONS

Total collections for the year ended March 31,2026 aggregated
to P 185,146 mn (Prestige share of collections for the year
aggregated to P 170,830 mn). Total collections for the year ended
March 31,2025 aggregated to P 120,840 mn. (Prestige share of
collections for the year aggregated to P 113,413 mn).

LAUNCHES

During the period under review, Company has maintained high
demand from the customers for its projects. During the year
Company has launched 31.84 mn. sft. across 15 projects.

COMPLETIONS

13 projects with Built up Area of 18.22 mn. sft. across segments
& geographies were completed during the year.

3. TRANSFER TO GENERAL RESERVES:

During the year the Company has not transferred any amount to
General Reserve.

4. DIVIDEND:

The Board of Directors of the Company have recommended a
dividend of P 2 (20%) per Equity Share of P 10/- each which is
subject to approval of shareholders in the ensuing Annual General
Meeting of the Company.

5. CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There was no material change in the nature of Business carried
out by the Company during the period under review.

6. SHARE CAPITAL:

The authorized share capital of the Company is
P 450,00,00,000/- divided into 45,00,00,000 Equity Shares of P
10/- each and the Issued, Subscribed and Paid-Up Share Capital
of the Company is P 430,73,02,320/- divided into 43,07,30,232
Equity Shares of P 10/- each as on March 31,2026.

7. CHANGES IN SUBSIDIARIES AND ASSOCIATES:

As described elsewhere in the report, the Company operates in
the following verticals and the changes are mentioned herewith:

> Residential Vertical - The Company continues to be the
apex entity for Residential Vertical and shall continue to hold
residential assets and all future residential developments will
continue to be undertaken by the Company.

> Commercial Vertical - Prestige Exora Business Parks Limited,
wholly owned subsidiary of the Company continues to be the
apex entity for the Commercial Vertical.

> Retail Vertical - Prestige Retail Ventures Limited, wholly
owned subsidiary of the Company, continues to be the apex
entity for Retail Vertical.

> Hospitality Vertical - Prestige Hospitality Ventures Limited,
wholly owned subsidiary of the Company, continues to be
the apex entity for the Hospitality Vertical.

> Services Vertical- The Company through these verticals
provides Fit out services, Interior Designs and Execution,
Facilities & Property Management and Project & Construction
Management for all its projects.

Acquisitions during the fiscal:

Aspire Spaces Tellapur Private Limited (Formerly, Aspire
Spaces Tellapur LLP)

On February 18, 2026, the Company, through its wholly owned
subsidiaries Prestige Garden Estates Private Limited and Prestige
Acres Private Limited, acquired a 100% partnership interest in
Aspire Spaces Tellapur LLP. Pursuant to the acquisition, Aspire
Spaces Tellapur LLP became a wholly owned step-down
subsidiary of the Company. Subsequently, the LLP was converted
into a private limited company and is now known as Aspire Spaces
Tellapur Private Limited.

Bharatnagar Buildcon LLP.

On December 10, 2025, Prestige Falcon Realty Private Limited and
Prestige Projects Private Limited, subsidiaries of the Company have
acquired 66.93% partnership interest in Bharatnagar Buildcon LLP.

Pursuant to the acquisition, Bharatnagar Buildcon LLP has become
subsidiary of the Company.

Prestige Notting Hill Investments.

On July 7, 2025 Prestige Falcon Malls Private Limited, wholly
owned subsidiary of the Company has acquired 49% partnership
interest in Prestige Notting Hill Investments. With this acquisition,
the Company directly and indirectly holds 100% partnership
interest in Prestige Notting Hill Investments.

Prestige AAA Investments

On July 7, 2025 the Company has acquired 48.99% partnership
interest in Prestige AAA Investments. With this acquisition, the
Company now holds 99.99% partnership interest in Prestige
AAA Investments.

Apex Realty Ventures LLP

On July 22, 2025, the Company directly and through Village
De Nandi Private Limited its wholly owned subsidiary acquired
40% partnership interest in Apex Realty Ventures LLP. With this
acquisition, this LLP has now become wholly owned subsidiary of
the Company.

Divestments during the fiscal:

Maheshwaram Land Holdings

The Company and Village De Nandi Private Limited, wholly owned
subsidiary, holding partnership interest aggregating to 100% in
M/s. Maheshwaram Land Holdings (“Firm”), have retired as partners
from the Firm on June 3, 2025.

8. SIGNIFICANT OR MATERIAL ORDERS PASSED BY
REGULATORS/ COURTS:

There were no material orders passed during the year under review.

9. CONSOLIDATED FINANCIAL STATEMENTS:

The Company as on March 31, 2026 has Thirty-Eight (38)
Subsidiary Companies, Six (6) Joint Venture Companies and One
(1) Associate Company within the meaning of Section 2(87) and
Section 2(6) of the Companies Act, 2013 (hereinafter referred to as
the ‘Act’ in this Report). There has been no material change in the
nature of business of the Subsidiaries/Associates/Joint Ventures.

The Consolidated Financial Statements of the Company, its
Subsidiaries, Joint Ventures and Associate Companies are
prepared in accordance with the provisions of Section 129 of the
Companies Act, 2013, read with Companies (Accounts) Rules,
2014 and the provisions of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The Consolidated Financial
Statements presented by the Company include the financial
results of its Subsidiaries, Joint Ventures /Associate. Pursuant to
Section 129(3) of the Act, a separate statement containing the
salient features of the financial performance of Subsidiaries, Joint
ventures, Associates of the Company in the prescribed Form AOC-
1 is provided in Annexure I to the Report.

The Audit Committee and the Board review the significant
transactions and financial statements of subsidiaries. The minutes
of subsidiary companies are placed before the Board for its
review. Pursuant to provisions of Section 136 of the Act, the
Financial Statements of the Company, Consolidated Financial
Statements along with relevant documents and separate Audited
Accounts in respect of Subsidiaries are available on the website
of the Company.

10. CHANGES IN DIRECTORS AND KEY MANAGERIAL
PERSONNEL:

During the year under review, there was no change in directors
and Key Managerial Personnel.

The composition of the Board is elaborated in the Corporate
Governance Report.

11. BOARD OF DIRECTORS AND ITS COMMITTEES:

Composition of the Board of Directors

As on March 31, 2026, the Board of Directors of the Company
comprises of Eight (8) Directors of which Four (4) are

Independent Directors Meeting

As per the requirements of Schedule IV of the Companies Act,
2013 and Regulation 25(3) of SEBI (LODR) Regulations, a separate
meeting of the Independent Directors of the Company was held
on March 26, 2026 without the presence of the Chairman &
Managing Director or Executive Directors or Company Secretary
& Compliance Officer or Chief Financial Officer or any other
Management Personnel.

Committees of the Board

The composition of various Committees of the Board and their
meetings, including the terms of reference are detailed in the
Corporate Governance Report forming part of the Annual Report.

Re-appointment of a Director retiring by rotation

I n terms of Section 152 of the Companies Act, 2013, Ms. Uzma
Irfan, Director, (DIN: 01216604) is liable to retire by rotation at
the ensuing Annual General Meeting; and being eligible, offers
herself for re-appointment. The Board of Directors, based on the
recommendation of Nomination & Remuneration Committee, have
recommended the re-appointment of Ms. Uzma Irfan, Director, who
is liable to retire by rotation.

The Notice convening the Annual General Meeting
includes the proposal for the re-appointment of the Director
as aforesaid. Brief resume of the Director proposed to be
re-appointed, nature of her expertise in specific functional
areas and names of the Companies in which she holds
directorship/ membership/ chairmanship of the Board or
Committees, as stipulated under SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 have
been provided as an annexure to the Notice convening
the Twenty Ninth Annual General Meeting.

Re-designation of Ms. Uzma Irfan (DIN: 01216604) as
Whole-Time Director

Based on the performance evaluation of Ms. Uzma Irfan and
on the recommendation of the Nomination and Remuneration

Executive Promoter Directors and Four (4) are Non -Executive
Independent Directors.

None of the Directors of the Company are disqualified under
Section 164(2) of the Companies Act, 2013.

Board Meetings

The Board met Four (4) times during the year under review and
the intervening gap between the meetings was within the period
prescribed under the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. The
dates of the meetings are as below:

Committee, the Board of Directors, at its meeting held on May 21,
2026, approved the re-designation of Ms. Uzma Irfan as Whole¬
time Director of the Company effective from May 21, 2026, for
a period of 5 (five) years till May 20, 2031, subject to approval
of shareholders. The Board is of the view that her continued
leadership, extensive experience, and valuable contributions
will further strengthen the management of the Company and
contribute to its sustained growth.

Declaration by Independent Directors

The Independent Directors of the Company have provided the
declaration of Independence as required under Section 149(7) of
the Companies Act, 2013, confirming that they meet the criteria of
Independence under Section 149(6) of the Companies Act, 2013
read with the Regulation 25(8) of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

Annual Performance Evaluation of the Board

Pursuant to the provisions of the Companies Act, 2013 and SEBI
(Listing Obligations and Disclosure Requirements) Regulations,
2015, the Nomination and Remuneration Committee and the Board
have laid down the manner in which formal annual evaluation of
the Board, its committees, and Individual Directors has to be made.

The performance evaluation of the Independent Directors was
carried out by the entire Board. The performance evaluation of
the Chairman and Non-independent Directors was carried out by
the Independent Directors in the following manner:

a. Evaluation of performance of Non-independent Directors
and the Board of Directors of the Company as a whole;

b. Evaluation of performance of the Chairman of the
Company, taking into account, views of Executive and Non¬
Executive Directors;

c. Evaluation of quality, content and timeliness of flow of
information between the Management and the Board that
is necessary for the Board to effectively and reasonably
perform its duties.

Directors Responsibility Statement

As required by Section 134(5) of the Companies Act, 2013, your
Board of Directors hereby confirm that:

a. i n the preparation of the Annual Financial Statements for
the year ended March 31,2026, the applicable Accounting
Standards have been followed along with proper explanation
relating to material departures;

b. the Directors have selected such Accounting Policies
and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company at
the end of the Financial Year 2025-26 and of the profit of the
Company for that period;

c. the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance
with the provisions of the Companies Act, 2013, for
safeguarding the assets of the Company and for preventing
and detecting fraud and other irregularities;

d. the Annual Financial Statements have been prepared on a
Going Concern basis;

e. the Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws and that
such systems were adequate and operating effectively; and

t. the Directors have laid down Internal Financial Controls to
be followed by the Company and that such Internal Financial
Controls are adequate and were operating effectively.

Corporate Governance Report

I n accordance with Regulation 34(3) read with Schedule V of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, a separate report on Corporate Governance
forms part of this report.

A certificate from M/s. Nagendra D Rao & Associates LLP,
Practicing Company Secretaries affirming compliance with the
various conditions of Corporate Governance in terms of the Listing
Regulations given in a separate section of the Annual Report.

Management Discussion and Analysis Report

In terms of Regulation 34 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Management
Discussion and Analysis Report forms part of this Annual Report.

Business Responsibility and Sustainability Report

The SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 mandates the inclusion of Business
Responsibility and Sustainability Report (“BRSR”) as the part of
Annual Report for top one thousand listed companies based on
the market capitalization as on December 31, every year. The
Report has been mandated by SEBI for providing initiatives taken
by the Companies from Environmental, Social and Governance
perspective. In Compliance with the regulation, the Company has
provided the BRSR for the year 2025-26 as part of this Annual Report.
The Environmental, Social and Governance Policy is available at
the website of the Company www.prestigeconstructions.com

12. AUDIT RELATED MATTERS:

Audit Committee

The terms of reference of the Audit Committee are in consonance
with the requirements spelt out in Section 177 of the Companies
Act, 2013 and Regulation 18 of SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015. The Composition of
the Audit Committee is mentioned in the Corporate Governance
Report which forms part of this Annual Report.

Statutory Auditors & Report thereon

M/s. S. R. Batliboi & Associates LLP, Chartered Accountants,
Bengaluru (FRN 101049W/E300004) were re-appointed as
Statutory Auditors of the Company at the 25^th Annual General
Meeting of the Company held on September 27, 2022 to hold
office till the conclusion of 30^th Annual General Meeting to be held
in the year 2027. The auditor’s report for the year ending March
31,2026 forms part of this Annual Report.

Statutory Auditors Qualification / Comment on the
Company’s Standalone Financial Statements

There are no qualifications or adverse remarks in the Statutory
Audit Report on the Financial Statements.

Secretarial Auditor & Report thereon

Pursuant to Section 204 of the Companies Act, 2013 and the
Companies (Appointment and Remuneration of Managerial
Personnel), Rules, 2014, Secretarial Audit for the Financial
Year 2025-26 has been carried out by M/s. Nagendra D Rao
& Associates LLP, Practicing Company Secretaries ICSI Firm
Registration No: L2018KR004100.

The Report of the Secretarial Audit in Form MR-3 for the Financial
Year ended March 31, 2026 follows as Annexure II - A to the
Report. In the said report, the Secretarial Auditor has also
commented that information as required under Section 134(q)
of the Companies Act, 2013 read with rule 5(1 )(ii) and (ix) of
the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, remuneration details of Chief Financial
Officer and Company Secretary has not been disclosed in the
Boards’ Report. Your directors stated that with a view to ensure
healthy & cordial human relations at all levels and considering
the confidential nature of the information, the remuneration details
of Chief Financial Officer and Company Secretary have not been
disclosed in the interest of the Company. However, on a request
from any shareholder or any regulatory authority, the same shall
be shared separately.

Further, the secretarial audit reports of material subsidiary
companies, Prestige Hospitality Ventures Limited and Prestige
Garden Estates Private Limited issued by M/s. Nagendra D Rao
& Associates LLP, Practicing Company Secretaries are provided
in Annexure II - B & Annexure II - C respectively to this Report.
The reports does not contain any qualification, reservation or
adverse remark.

Cost Auditor & Report thereon

The Cost Audit Records are maintained in accordance with the
provisions of Section 148 of the Companies Act, 2013 read with
the Companies (Cost Records and Audit) Amendment Rules, 2014.
There are no qualifications or adverse remarks in the Cost Audit
Report which require any explanation from the Board of Directors.

Based on the recommendations of the Audit Committee, the
Board of Directors have re-appointed M/s. P. Dwibedy & Co, Cost
Accountants, (FRN-100961) as the Cost Auditors of the Company
for the Financial Year 2026-27.

As per Rule 14 of Companies (Audit and Auditors) Rules, 2014, the
Remuneration payable to the Cost Auditors for the FY 2026-27 is
subject to ratification by the Shareholders of the Company and the
same is being put to shareholders at the ensuing Annual General
Meeting. The Notice convening the Annual General Meeting
contains the proposal for ratification of the remuneration payable
to the Cost Auditors.

Internal Financial Controls

The Board of Directors of your Company have laid down Internal
Financial Controls to be followed by the Company and such Internal
Controls are adequate and operating effectively. Your Company
has adopted policies and procedures for ensuring orderly and
efficient conduct of its Business, including adherence to the
Company’s policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness
of the accounting records and the timely preparation of reliable
financial disclosures.

I n view of growth of business activities, on recommendation of
Audit Committee, the Board of Directors of the Company have
appointed M/s. Grant Thornton India LLP and M/s. Deloitte Touche
Tohmatsu India LLP as the Internal Auditors for Financial year
2025-26.

During the year under review, these controls were evaluated and
no significant weakness was identified either in the design or
operation of the controls.

Fraud Reporting

During the year under review, the Statutory Auditors and Secretarial
Auditors of the Company have not reported any fraud to the Audit
Committee committed by its officers or employees as specified
under Section 143(12) of the Act.

13. DISCLOSURE ON CONFIRMATION WITH
SECRETARIAL STANDARDS:

The Directors confirm that the mandatory Secretarial Standards on
Board and General Meetings issued by the Institute of Company
Secretaries of India in accordance with the applicable provisions
of Companies Act, 2013 and rules made thereunder, have been
duly complied with.

14. POLICY MATTERS:

The Company recognizes and embraces the importance
of a diverse Board in its success. A truly diverse Board will
leverage differences in thought, perspective, knowledge,
skill, regional and industry experience, age, race and
gender etc., which will help the Company to retain its
competitive advantage. The Policy on Board Diversity has
been adopted by the Company and available at the website
www.prestigeconstructions.com.

The Nomination and Remuneration Committee has formulated
a policy for determining qualifications, positive attributes
and independence of Directors and a policy relating to the
remuneration for the Directors, Key Managerial Personnel
and Senior Management Personnel of the Company.
The Remuneration paid is as per the Nomination and
Remuneration Policy formulated by the Nomination and
Remuneration Committee and approved by the Board of
Directors of the Company. The Nomination & Remuneration
policy is available at the website of the Company at
www.prestigeconstructions.com.

The Board has constituted a Risk Management Committee
which is entrusted with the task of monitoring and reviewing
the Risk Management Plan and procedures of the Company.
This acts as a supplement to the Internal Control Mechanism
and Audit function of the Company. The Risk Management
Policy is available at the website of the Company at www.
prestigeconstructions.com.

The Corporate Social Responsibility Policy has been
formulated by the Corporate Social Responsibility Committee
and approved by the Board of Directors and is available at the
website of the Company at www.prestigeconstructions.com

The activities pertaining to Corporate Social Responsibility is
detailed in Annexure III to the Report.

The Company has established a Vigil Mechanism to promote
ethical behavior in all its business activities and has in place, a
mechanism for employees to report any genuine grievances,
illegal or unethical behavior, suspected fraud or violation of
laws and regulations and can report the same to the Ethics
Counsellor and the Audit Committee Chairman of the Board
of the Company. The whistle blower policy is available at the
website of the Company www.prestigeconstructions.com

As a part of the policy for Prevention of Sexual Harassment
in the organization, your Company has in place, an effective
system to prevent and redress complaints of sexual harassment
of women at work place in accordance with The Sexual
Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013 and relevant rules thereunder. During
the year under review, there have been no instances of any
complaints. The policy can be accessed at our website www.
prestigeconstructions.com

The Dividend Distribution Policy, in terms of Regulation 43A of
the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI Listing
Regulations”) is available on the website of the Company at
https://d1t2fddy6amcvs.cloudfront.net/investors/policies/
dividend-distribution.pdf

As per the provisions of the SEBI (Prohibition of Insider
Trading) Regulations, 2015, the Company has adopted a
Code of Conduct to regulate, monitor and report trading by
designated persons in securities of the Company. The policy
and procedures are periodically reviewed and revised from
time to time and communicated to the designated persons and
is available on the website of the Company.

The Insider Trading Code has been implemented to prevent
the misuse of unpublished price-sensitive information and set
a framework, rules, and procedures that all concerned parties
should follow, both in letter and spirit, while trading in listed
securities of the Company.

A digital platform is being maintained by the Company,
which contains the names and other prescribed particulars
of the persons covered under the Insider Trading Code. This
online tracking mechanism helps for monitoring trade in the
Company’s securities by designated persons and taking
appropriate action in case of any violation/non-compliance of
the Company’s Insider Trading Code.

A comprehensive maternity benefits policy has been
established covering all female employees under the Maternity
Benefit Act, 1961, and the Company is in compliance with the
requirements under the aforementioned legislation.

5. OTHER MATTERS:

A. Deposits

The Company has not accepted any deposits from public
and as such, no amount on account of principal or interest
on deposits from public was outstanding as on the date of
the balance sheet. Accordingly, disclosing the details of
deposits which are not in compliance with the requirements
of Chapter V of the Act is not applicable.

B. Awards and Recognitions

Your Company has been bestowed with various awards
during the period under review, the details of which are
provided in the separate section in the Annual Report titled
‘Awards & Recognition’.

C. Debentures:

The Company has not issued any debentures during the year
under review.

6. TRANSFER OF UNCLAIMED DIVIDEND TO
INVESTOR EDUCATION AND PROTECTION FUND

I n compliance with the provisions of the Companies Act, 2013
(“Act”) and the Investor Education and Protection Fund Authority
(Accounting, Audit, Transfer and Refund) Rules, 2016 (”IEPF
Rules”), the Company has, during the year transferred unclaimed

dividend amounting to 7 34,847 to the Investor Education and
Protection Fund.

17. HUMAN RESOURCES:

Employee Relations remained cordial throughout the year at all
levels. Your Company would like to place its appreciation for all
the hard work, dedication and efforts put in by all the employees.

As on March 31, 2026, the Company had employee strength of
1,533

Female: 327
Male: 1,206
Transgender: 0

Further, total employees of the company including its subsidiaries,
associate and joint ventures stood at 11,652

Information as required pursuant to Section 197 (12) of the
Companies Act, 2013 read with Rule 5 (1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules,
2014 is elaborated in Annexure IV of this report.

18. EXTRACT OF ANNUAL RETURN:

As per the requirements of Section 92(3) of the Act and the
rules made thereunder, the extract of the annual return as on
March 31,2026 is available on the Company’s website athttps://
prestigecorporatesite.s3.ap-south-1 .amazonaws.com/investors/
financial-performance/fy-2025-2026/annual-return/annual-
return-2025-2026.pdf

19. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS UNDER SECTION 186:

In terms of Section 134 of the Companies Act, 2013, the particulars
of loans, guarantees and investments made by the Company
under Section 186 of the Companies Act, 2013 are detailed in
Notes to Accounts of the Financial Statements.

20. PARTICULARS OF CONTRACTS OR
ARRANGEMENTS WITH RELATED PARTIES:

All contracts / arrangements / transactions entered into, by the
Company during the Financial Year, with Related Parties were in
the ordinary course of business on an arm’s length price basis. The
details of contracts and arrangements with related parties for the
financial year ended March 31,2026, are provided in the Notes
to the Standalone Financial Statements, which forms part of this
Annual Report.

During the year, the Company entered into the following material
related party transactions subsequent to resolutions passed by the
shareholders in the Annual General Meeting held on September
10, 2025

• Contracts(s)/agreement(s) with its subsidiary company
Prestige Projects Private Limited in relation to (a) issuing
and/or receiving intercorporate deposits (b) issuing
corporate guarantee/ security for securing borrowings and
(c) purchase/ sale of raw materials/goods and/ or rendering/
availing of services

The policies of Related Party Transactions & Material related
party transactions, can be referred to athttps://d1t2fddy6amcvs.
cloudfront.net/investors/policies/related-party-transactions-2024.
pdf

21. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO:

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

The Company advances its sustainability agenda by integrating energy-efficient practices and adopting innovative technologies that enhance
performance, reduce environmental impact, and deliver long-term value. These initiatives align with Green Building principles, LEED standards,
and the Energy Conservation Building Code, ensuring projects meet rigorous benchmarks while enhancing occupant well-being.

a) Conservation of Energy

22. THE DETAILS OF APPLICATION MADE OR
PROCEEDINGS PENDING, IF ANY, UNDER THE
INSOLVENCY AND BANKRUPTCY CODE:

The Company has neither filed an application during the year under
review nor any proceedings are pending under the Insolvency and
Bankruptcy Code, 2016 as at March 31,2026.

23. VALUATION FOR ONE TIME SETTLEMENT

There was no instance of one time settlement with any bank or
financial institution.

24. INTEGRATED REPORT

The Company has voluntarily prepared Integrated Report that
presents both financial and non-financial information, enabling
Members to make informed decisions and gain an understanding
of the Company's long-term value creation strategy to enable the
Members to take well-informed decisions.

25. GREEN INITIATIVES:

Prestige with a strong focus on sustainable development has placed
an EV-charging in the premises of the Company to promote the
usage of electric vehicles and reduce the emissions of pollutants

For and on behalf of Board of Directors of
Prestige Estates Projects Limited

Sd/-

Irfan Razack

Chairman and Managing Director
DIN: 00209022

Sd/-

Rezwan Razack

Place: Bengaluru Joint Managing Director

Date: May 21,2026 DIN: 00209060