Prestige Estates Projects Limited has informed the Exchange about retirement from partnership firm
PRESTIGE · price
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Prestige Estates Projects, along with its wholly owned subsidiary Village De Nandi Private Limited (together holding 100% partnership interest), retired as partners from M/s. Maheshwaram Land Holdings on June 3, 2025. The firm had a fixed capital contribution of just Rs. 1 lakh and reported nil turnover for FY25, making it financially non-material. As part of the retirement, the partners withdrew their combined fixed and current account contribution of Rs. 50 crores. The transaction is not a related party transaction, and promoters have no interest in the firm.
This is a non-material restructuring — the firm contributed zero revenue, and the Rs. 50 crore withdrawal is simply a return of previously invested capital. No meaningful impact on Prestige's earnings or stock price is expected.