Prestige Estates Projects Limited (PRESTIGE) — Corporate Action

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📢 Key Event
Board recommends Rs 2/share final dividend and up to Rs 2,000 crore debenture issuance

🔄 What Changed
Net profit surged 500% YoY to Rs 1,042 million in Q3FY26; revenue rose 186% to Rs 17,668 million

🔮 What's Next
Rs 2,000 crore debenture issuance requires shareholder approval; AGM pending dividend ratification

💡 Investor Takeaway
Strong profitability growth and capital-raising plans signal expansion momentum, though dividend remains pending shareholder approval

Prestige Estates reported a 20% payout ratio with a Rs 2 per share final dividend recommendation for FY2026, subject to AGM approval, while announcing up to Rs 2,000 crores in private placement debentures. The company posted a 500% revenue surge to Rs 17,668 million in Q3FY26 and a 500% net profit jump to Rs 1,042 million, driven by strong real estate growth. Uzma Irfan was redesignated as Whole-Time Director for 5 years, with disclosures on her familial ties to key promoters.

📄 View Original Announcement (PDF)

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