Prestige Estates Projects Limited Issues ₹450 Crore Corporate Guarantee for Subsidiary Loan

Bengaluru, February 19, 2026: Prestige Estates Projects Limited has informed stock exchanges that it has issued a corporate guarantee in favour of Bajaj Housing Finance Limited to secure a loan being availed by its subsidiary, Prestige Projects Private Limited.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
 

Loan and Guarantee Details

The corporate guarantee has been extended to back a credit facility of up to ₹450 crore being taken by Prestige Projects Private Limited.

The lender for the facility is Bajaj Housing Finance Limited.

According to the filing, the guarantee has been provided on an arm’s length basis and in compliance with applicable provisions of the Companies Act, 2013, and SEBI Listing Regulations. The company clarified that promoters and promoter group entities do not have any interest in the transaction.
 

Impact on Prestige Estates

Prestige Estates stated that the corporate guarantee represents a contingent liability for the company. However, since the guarantee has been issued on behalf of its wholly owned subsidiary forming part of the consolidated group, there is currently no direct financial impact.

The filing has been submitted to both the National Stock Exchange of India Limited (Symbol: PRESTIGE) and the BSE Limited (Scrip Code: 533274).

Prestige Estates Projects Limited is headquartered in Bengaluru and operates across residential, commercial, retail and hospitality segments in multiple Indian cities.