Prestige Estates Projects Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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Prestige Estates Projects has called its 28th AGM on September 10, 2025 at 11:30 AM at its registered office in Bangalore. Shareholders will consider adopting the audited standalone and consolidated financial statements for FY25 and approving a final dividend of ₹1.80 per equity share (18%) for FY2024-25, with a record date of September 3, 2025 and payment by October 9, 2025. The notice also seeks approval to issue secured or unsecured non-convertible debentures of up to ₹2,000 crore on a private placement basis. Other special business includes the appointment of Nagendra D Rao & Associates LLP as Secretarial Auditor for five years (FY26–FY30), ratification of the Cost Auditor's remuneration of ₹2 lakh, re-appointment of Mr. Irfan Razack as Director, and revision in remuneration for Ms. Uzma Irfan and related parties Mr. Zayd Noaman and Mr. Faiz Rezwan (up to ₹20 lakh per month each, effective October 1, 2025). Additionally, shareholders will vote on material related party transactions with subsidiaries Prestige Projects Private Limited (up to ₹2,000 crore) and Prestige Falcon Mumbai Realty Private Limited (up to ₹1,500 crore). E-voting runs from September 7 to September 9, 2025.
The agenda is largely routine but includes a sizeable ₹2,000 crore NCD private placement proposal and large related-party transaction limits with subsidiaries, which signal potential fundraising and intra-group capital movement. The ₹1.80 dividend is modest, and several resolutions relate to promoter-family remuneration, which minority shareholders may want to review before voting.