Change in designation of Ms. Uzma Irfan as wholetime director of the Company
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The Board of Prestige Estates Projects approved the redesignation of Ms. Uzma Irfan (DIN: 01216604) as Whole-Time Director for a period of 5 years (May 21, 2026 to May 20, 2031), subject to shareholder approval. She is related to Chairman & MD Irfan Razack, JMD Rezwan Razack, and WTD Noaman Razack, confirming her as part of the promoter family on the board. This redesignation was part of a broader board meeting that also approved the audited standalone (net profit Rs 1,832M) and consolidated (net profit Rs 13,054M) FY2026 results, recommended a 20% final dividend (Rs 2/share), and approved an NCD issuance of up to Rs 2,000 Crores.
The redesignation of a promoter family member to a formal WTD role is a routine governance update with minimal share price impact. It strengthens the family's formal oversight role without altering control dynamics.