Prestige Estates Projects Limited — Important, 05-05-2025: General Updates

Prestige Estates Projects Limited has announced a board meeting on the financial results for the quarter and half-year. The company provided a corporate guarantee of INR 2,110 Cr for a loan taken by its wholly owned subsidiary, Prestige (BKC) Realtors Pvt Ltd. This creates a contingent liability but no immediate financial impact on the parent. The guarantee is at arm’s length, with no promoter interest involved.