Prestige Estates Projects MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 20 Aug 2026, 16 fund houses so far (houses' deadline to file 15 Oct 2026)

• To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Boards’ Report and Report of Auditors’ thereon.

  16 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and Report of Auditors’ thereon.

  16 for0 against
• To declare a final dividend of ₹ 2/- per fully paid equity share for the Financial Year 2025-2026.

  16 for0 against
• To re-appoint Ms. Uzma Irfan, Director, (DIN: 01216604) who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.

  ›Against DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual Fund

  • DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundMs. Uzma Irfan, 47, is part of the promoter family. She has served on the board since 11 November 2014. She has experience in marketing communication, corporate communication, branding and all image related initiatives for the Prestige Group. She has attended all four board meetings (100%) in FY26. We note that while the company appointed her as Executive director in November 2014 and has obtained shareholder approval for her reappointment as a director liable to retire by rotation, it has not sought shareholder approval for her reappointment as Executive Director. Under Section 196 of the Companies Act, 2013, a whole-time director cannot be appointed or reappointed for a term exceeding five years at a time — the company should therefore have sought shareholder approval at five-yearly intervals. Her tenure as Executive Director has continued since 10 November 2019 without the requisite approval, which is not in accordance with the applicable provisions. We do not support the resolution.

  13 for3 against
• To ratify the payment of remuneration to M/s P. Dwibedy & Co., Cost Accountants as the Cost Auditor of the Company for the Financial Year 2026-2027.

  16 for0 against
• To approve re-designation of Ms. Uzma Irfan as Whole time Director.

  ›Against DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual Fund

  • DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundMs. Uzma Irfan was paid a remuneration of Rs. 18.0 mn in FY26. As per the proposed terms, her estimated annual fixed pay aggregates ~Rs. 26.9 mn, excluding the additional bonus component. The remuneration terms include a bonus component, however, there is no absolute cap or clear guidance on method of calculation nor the performance metrics that govern it. This creates uncertainty regarding her overall remuneration structure. Based on past trends, her remuneration is in line with peers and commensurate with the overall size and performance of the company. However, due to the lack of clarity around bonus/commission payouts, we are unable to make a reasonable estimate of the total proposed remuneration. Further, our recommendation is also based on the analysis in resolution #4. Hence, we do not support the resolution.

  13 for3 against
• Issue of Non-Convertible Debentures on a Private Placement basis.

  16 for0 against

Mutual fund votes, meeting of 10 Sep 2025, 34 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Boards’ Report and Report of Auditors’ thereon

  34 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and Report of Auditors’ thereon

  ›Against Angel One Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Trust Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundThe Company has not disclosed financials of a few subsidiaries on its website.
  • Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundUnqualified financial statements. No governance concern identified. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of a few subsidiaries for FY 2024-25 on its website.
  • LIC Mutual FundThe Company has not disclosed financials of a few subsidiaries for FY 2024-25 on its website.
  • Nippon India Mutual FundNon-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of a few subsidiaries for FY 2024-25 on its website.
  • PPFAS Mutual FundNot disclosed financials of a few subsidiaries on website
  • quant Mutual FundUnqualified financial statements. No governance concern identified. Non-compliant with the Companies Act, 2013 & SEBI LODR regulations: The company has not disclosed financials of a few subsidiaries for FY25 on its website.

  24 for10 against
• To declare a final dividend of Rs. 1.80/- per fully paid equity share for the Financial Year 2024-2025

  34 for0 against
• To re-appoint Mr. Irfan Razack, Director, (DIN: 00209022) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Holds Chairman and Managing Director Position, which may lead to concentration of powers with single director.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Holds CMD Position, which may lead to concentration of powers with single director.
  • LIC Mutual FundGovernance Concern: Holds CMD Position, which may lead to concentration of powers with single director.
  • PPFAS Mutual FundHolds CMD Position

  26 for8 against
• To ratify the payment of remuneration to M/s P. Dwibedy & Co. Cost Auditor of the Company for the Financial Year 2025-2026

  34 for0 against
• To consider and approve the appointment of Secretarial Auditor of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: Remuneration of outgoing auditors not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. Transparency Concern: Remuneration of outgoing auditors not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
  • PPFAS Mutual FundAudit fees paid to previous auditors not disclosed to determine the material change in Auditors remuneration

  26 for8 against
• Issue of Non-Convertible Debentures on a Private Placement basis

  34 for0 against
• To consider and approve the revision in the remuneration of Ms. Uzma Irfan (DIN: 01216604), Director of the Company

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Trust Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundThe Existing term as an Executive Director, for which remuneration is proposed, has not been approved by the Shareholders.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundNo concern on merit of appointee and remuneration per-se. Non-Compliance u/s 196 of the Companies Act, 2013: The Existing term as an Executive Director, for which remuneration is proposed, has not been approved by the Shareholders.
  • Baroda BNP Paribas Mutual Fund, Nippon India Mutual FundNon-Compliance u/s 196 of the Companies Act, 2013: The Existing term as an Executive Director, for which remuneration is proposed, has not been approved by the Shareholders.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration:• There is no absolute cap on the commission element which makes the proposed remuneration structure open ended and may lead to discretionary payouts.• There are no disclosures on weightage, threshold and target performance that she needs to achieve to determine the outcome under variable pay.• The approval will be valid till perpetuity and shareholders will not get to review the payments in the future.
  • Invesco Mutual FundMs. Uzma Irfan, 46, is the daughter of promoter and CMD, Irfan Razack. She has served on the board since November 2014. She is Director of Corporate Communications and oversees branding, marketing and corporate communications of the group. The company proposes to revise remuneration of Ms. Uzma Irfan as Executive Director from 1 October 2025. Ms. Uzma Irfan was paid a remuneration of Rs. 12.0 mn in FY25 which was 11.3x the median employee remuneration. We estimate the FY26 remuneration at ~Rs. 26.9 mn, excluding an additional bonus component. The revised remuneration terms include a bonus component, however, there is no clarity on the maximum amount of bonus she will be eligible to receive. This creates uncertainty regarding her overall remuneration structure. Based on past trends, her remuneration is in line with peers and commensurate with the overall size and performance of the company. However, due to the lack of clarity around bonus/commission payouts, we are unable to make a reasonable estimate of the total proposed remuneration. Hence, we do not support the resolution. We note that, over the past few years, the company has not sought shareholder approval for the reappointment of Ms. Uzma Irfan as an Executive Director under Section 196 of the Companies Act, 2013, and has only sought her reappointment as a director liable to retire by rotation. The company must clarify the reason for the same. We do not support the resolution.
  • Jio BlackRock Mutual FundMs. Uzma Irfan, 46, is the daughter of promoter and CMD, Irfan Razack. She has served on the board since November 2014. She is Director of Corporate Communications and oversees branding, marketing and corporate communications of the group. The company proposes to revise remuneration of Ms. Uzma Irfan as Executive Director from 1 October 2025.Ms. Uzma Irfan was paid a remuneration of Rs. 12.0 mn in FY25 which was 11.3x the median employee remuneration. We estimate the FY26 remuneration at ~Rs. 26.9 mn, excluding an additional bonus component. The revised remuneration terms include a bonus component, however, there is no clarity on the maximum amount of bonus she will be eligible to receive. This creates uncertainty regarding her overall remuneration structure. Based on past trends, her remuneration is in line with peers and commensurate with the overall size and performance of the company. However, due to the lack of clarity around bonus/commission payouts, we are unable to make a reasonable estimate of the total proposed remuneration. Hence, we do not support the resolution.We note that, over the past few years, the company has not sought shareholder approval for the reappointment of Ms. Uzma Irfan as an Executive Director under Section 196 of the Companies Act, 2013, and has only sought her reappointment as a director liable to retire by rotation. The company must clarify the reason for the same.
  • Kotak Mahindra Mutual FundMs. Uzma Irfan, 46, is the daughter of promoter and CMD, Irfan Razack. She has served on the board since November 2014. She is Director of Corporate Communications and oversees branding, marketing and corporate communications of the group. The company proposes to revise remuneration of Ms. Uzma Irfan as Executive Director from 1 October 2025. Ms. Uzma Irfan was paid a remuneration of Rs. 12.0 mn in FY25 which was 11.3x the median employee remuneration. We estimate the FY26 remuneration at ~Rs. 26.9 mn, excluding an additional bonus component. Based on past trends, her remuneration is in line with peers and commensurate with the overall size and performance of the company. We note that, over the past few years, the company has not sought shareholder approval for the reappointment of Ms. Uzma Irfan as an Executive Director under Section 196 of the Companies Act, 2013, and has only sought her reappointment as a director liable to retire by rotation. The company has not provide clarification for the same. Hence, we do not support the resolution.
  • PPFAS Mutual FundExisting term as an ED not approved by shareholders
  • Sundaram Mutual FundMs. Uzma Irfan, 46, is the daughter of promoter and CMD, Irfan Razack. She has served on the board since November 2014. She is Director of Corporate Communications and oversees branding, marketing and corporate communications of the group. The company proposes to revise remuneration of Ms. Uzma Irfan as Executive Director from 1 October 2025. Ms. Uzma Irfan was paid a remuneration of Rs. 12.0 mn in FY25 which was 11.3x the median employee remuneration. We estimate the FY26 remuneration at ~Rs. 26.9 mn, excluding an additional bonus component. The revised remuneration terms include a bonus component, however, there is no clarity on the maximum amount of bonus she will be eligible to receive. This creates uncertainty regarding her overall remuneration structure. Based on past trends, her remuneration is in line with peers and commensurate with the overall size and performance of the company. However, due to the lack of clarity around bonus/commission payouts, we are unable to make a reasonable estimate of the total proposed remuneration. Hence, we do not support the resolution. We note that, over the past few years, the company has not sought shareholder approval for the reappointment of Ms. Uzma Irfan as an Executive Director under Section 196 of the Companies Act, 2013, and has only sought her reappointment as a director liable to retire by rotation. The company must clarify the reason for the same.

  17 for17 against
• Approval of remuneration of related party, Mr. Zayd Noaman, holding office or place of profit

  ›Against HSBC Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual Fund

  • HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns:• There is no absolute cap on the commission element which makes the proposed remuneration structure open ended and may lead to discretionary payouts.• There are no disclosures on weightage, threshold and target performance that they need to achieve to determine the outcome under variable pay.• There is insufficient justification for their proposed pay, which is at par than what is proposed to be paid to the executive director of the company.• The approval will be valid till perpetuity and shareholders will not get to review the payments in the future
  • Jio BlackRock Mutual Fund, Sundaram Mutual FundZayd Noaman, 35, is the son of Noaman Razack, Whole Time Director, Prestige Estates Limited. As stated by the company, he has played a role in driving the company’s sales and marketing strategies in addition to overseeing land acquisition, business development, corporate finance, investor relations, and strategic investments. In FY25, he received an aggregate remuneration of Rs. 12.0 mn (Rs. 3.0 mn from the standalone entity and Rs. 9.0 mn from a wholly owned subsidiary). His proposed remuneration is estimated at ~Rs. 26.9 mn excluding additional bonus component. There is no absolute cap on the bonus component and no track record of past payment. Further, there are no details regarding proposed remuneration payable from any subsidiaries. Hence, we are unable to estimate the total proposed remuneration. The fixed remuneration proposed for this office of profit position is broadly in line with that of Whole-time Directors (Ms. Uzma Irfan and Noaman Razack) on the board, which is high. It is also unclear whether employees with comparable experience are placed in the same compensation bracket. Further, the approval sought is in perpetuity, whereas we expect companies to seek periodic shareholder approval. Thus, we do not support the resolution.

  5 for3 against
• Approval of remuneration of related party, Mr. Faiz Rezwan, holding office or place of profit.

  ›Against HSBC Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual Fund

  • HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns:• There is no absolute cap on the commission element which makes the proposed remuneration structure open ended and may lead to discretionary payouts.• There are no disclosures on weightage, threshold and target performance that they need to achieve to determine the outcome under variable pay.• There is insufficient justification for their proposed pay, which is at par than what is proposed to be paid to the executive director of the company.• The approval will be valid till perpetuity and shareholders will not get to review the payments in the future
  • Jio BlackRock Mutual Fund, Sundaram Mutual FundFaiz Rezwan, 45, is the son of Rezwan Razack, Joint Managing Director, Prestige Estates Projects Limited. He oversees contracts and procurement of construction-related supplies, capital expenditure, and materials. His role involves negotiating deals at competitive prices, working closely with the engineering and construction teams to accelerate project execution, and enhancing building quality by maintaining design integrity while optimizing costs. In FY25, he received an aggregate remuneration of Rs. 12.0 mn (Rs. 3.0 mn from the standalone entity and Rs. 9.0 mn from a wholly owned subsidiary). His proposed remuneration is estimated at ~Rs. 26.9 mn excluding additional bonus component. There is no absolute cap on the bonus component and no track record of past payment. Further, there are no details regarding proposed remuneration payable from any subsidiaries. Hence, we are unable to estimate the total proposed remuneration. The fixed remuneration proposed for this office of profit position is in line with that of Whole-time Directors (Ms. Uzma Irfan and Noaman Razack) on the board, which is high. It is also unclear whether employees with comparable experience are placed in the same compensation bracket. Further, the approval sought is in perpetuity, whereas we expect companies to seek periodic shareholder approval. Thus, we do not support the resolution.

  5 for3 against
• To approve Material Related Party Transaction(s) between the Company and Prestige Projects Private Limited, material subsidiary of the Company

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Trust Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance & Transparency Concern: Basis of arm’s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of arm’s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • Canara Robeco Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundPrestige Projects Private Limited (PPPL) is a 76% subsidiary of the company. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack. The company seeks shareholders’ approval to advance/avail funds to/from PPPL by way of inter-corporate deposits (ICDs) or issue of corporate guarantee/security - upto five years from transaction date. Transactions may also include purchase/sale of raw materials, goods, and/or rendering/availing of services with Prestige Projects Private Limited (PPPL) – upto the date of the next AGM. The proposed purchase and sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should have been benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PPPL’s borrowings. It is unclear if the financial support provided will be in proportion of Prestige’s 76% shareholding in PPPL. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack and Chief Executive Officer (CEO) Venkat K Narayana. In the absence of clarity, we do not support the resolution.
  • HDFC Mutual FundCompany is seeking approval for related party transaction in subsidiary where 24% equity is owned by promoters. We do not support the resolution.
  • Invesco Mutual FundPrestige Projects Private Limited (PPPL) is a 76% subsidiary of the company. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack. The company seeks shareholders’ approval to advance/avail funds to/from PPPL by way of inter-corporate deposits (ICDs) or issue of corporate guarantee/security - upto five years from transaction date. Transactions may also include purchase/sale of raw materials, goods, and/or rendering/availing of services with Prestige Projects Private Limited (PPPL) – upto the date of the next AGM. The proposed purchase and sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should have been benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PPPL’s borrowings. It is unclear if the financial support provided will be in proportion of Prestige’s 76% shareholding in PPPL. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack and Chief Executive Officer (CEO) Venkat K Narayana. In the absence of clarity, we do not support the resolution
  • Kotak Mahindra Mutual FundPrestige Projects Private Limited (PPPL) is a 76% subsidiary of the company. The remaining 24% is held by Pinnacle Investments. The company seeks shareholders approval to advance/avail funds to/from PPPL by way of inter-corporate deposits (ICDs) or issue of corporate guarantee/security - upto five years from transaction date. Transactions may also include purchase/sale of raw materials, goods, and/or rendering/availing of services with Prestige Projects Private Limited (PPPL) upto the date of the next AGM. The proposed purchase and sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should have been benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PPPL s borrowings. It is unclear if the financial support provided will be in proportion of Prestige s 76% shareholding in PPPL. The remaining 24% is held by Pinnacle Investments. In the absence of clarity, we do not support the resolution.
  • LIC Mutual FundGovernance & Transparency Concern: Basis of arm s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • PGIM India Mutual FundCompliant with law. Governance & Transparency Concern: Basis of arm s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • PPFAS Mutual FundBasis of arm’s length pricing not disclosed for few transactions
  • SBI Mutual FundPrestige Projects Private Limited (PPPL) is a 76% subsidiary of the company. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack. The company seeks shareholders’ approval to advance/avail funds to/from PPPL by way of inter-corporate deposits (ICDs) or issue of corporate guarantee/security - upto five years from transaction date. Transactions may also include purchase/sale of raw materials, goods, and/or rendering/availing of services with Prestige Projects Private Limited (PPPL) – upto the date of the next AGM. The proposed purchase and sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should have been benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PPPL’s borrowings. It is unclear if the financial support provided will be in proportion of Prestige’s 76% shareholding in PPPL. The remaining 24% is held by Pinnacle Investments. As per public sources, Pinnacle Investments is the family office of promoter Irfan Razack and Former Chief Executive Officer (CEO) Venkat K Narayana. In the absence of clarity, we do not support the resolution.

  16 for18 against
• To approve Material Related Party Transaction(s) between the Company and Prestige Falcon Mumbai Realty Private Limited, subsidiary of the Company

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Trust Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance & Transparency Concern: Basis of arm’s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of arm’s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • Canara Robeco Mutual FundPrestige Falcon Mumbai Realty Private Limited (PFMRPL) is a 90% subsidiary of the company. The remaining 10% is held by Principote Realty Management Advisors LLP. The company seeks shareholders’ approval to advance funds by way of inter-corporate deposits and/or issue corporate guarantee/security - upto five years from the transaction date and to undertake sale of raw materials/ goods and/ or rendering of services, upto the date of the next AGM, to Prestige Falcon Mumbai Realty Private Limited (PFMRPL). The proposed sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should ideally be benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PFMRPL’s borrowings. It is unclear if the financial support provided will be in proportion of Prestige’s 90% shareholding in PFMRPL. The remaining 10% is held by Principote Realty Management Advisors LLP. As per public sources, the partners of Principote Realty Management Advisors LLP are Tariq Nadeem Ahmed and Hina Oomer Ahmed. We understand from Prestige’s annual report that Tariq Nadeem Ahmed is a company employee and is currently Executive Director & CEO- West Asia.
  • HDFC Mutual FundCompany is seeking approval for related party transaction in subsidiary where 10% equity is owned by company's employee. We do not support the resolution.
  • Invesco Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual Fund, Sundaram Mutual FundPrestige Falcon Mumbai Realty Private Limited (PFMRPL) is a 90% subsidiary of the company. The remaining 10% is held by Principote Realty Management Advisors LLP. The company seeks shareholders’ approval to advance funds by way of inter-corporate deposits and/or issue corporate guarantee/security - upto five years from the transaction date and to undertake sale of raw materials/ goods and/ or rendering of services, upto the date of the next AGM, to Prestige Falcon Mumbai Realty Private Limited (PFMRPL). The proposed sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should ideally be benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PFMRPL’s borrowings. It is unclear if the financial support provided will be in proportion of Prestige’s 90% shareholding in PFMRPL. The remaining 10% is held by Principote Realty Management Advisors LLP. As per public sources, the partners of Principote Realty Management Advisors LLP are Tariq Nadeem Ahmed and Hina Oomer Ahmed. We understand from Prestige’s annual report that Tariq Nadeem Ahmed is a company employee and is currently Executive Director & CEO- West Asia. The company must provide clarification for a shareholding structure where an employee of the company is partner of an entity holding 10% of a material subsidiary. In the absence of clarity, we do not support the resolution.
  • Kotak Mahindra Mutual FundPrestige Falcon Mumbai Realty Private Limited (PFMRPL) is a 90% subsidiary of the company. The remaining 10% is held by Principote Realty Management Advisors LLP. The company seeks shareholders approval to advance funds by way of inter-corporate deposits and/or issue corporate guarantee/security - upto five years from the transaction date and to undertake sale of raw materials/ goods and/ or rendering of services, upto the date of the next AGM, to Prestige Falcon Mumbai Realty Private Limited (PFMRPL). The proposed sale transactions are operational in nature and aimed at achieving cost efficiencies. While the ICD terms disclosed provide some transparency, the rate should ideally be benchmarked to the prevailing cost of borrowing of both companies; further, the rationale for capping the interest rate at upto 12% per annum is unclear. The resolution also includes extending corporate guarantees towards PFMRPL s borrowings. It is unclear if the financial support provided will be in proportion of Prestige s 90% shareholding in PFMRPL. The remaining 10% is held by Principote Realty Management Advisors LLP. In the absence of clarity, we do not support the resolution.
  • LIC Mutual FundGovernance & Transparency Concern: Basis of arm s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • PGIM India Mutual FundCompliant with law. Governance & Transparency Concern: Basis of arm s length pricing not disclosed for few transactions related to Purchase / sale of raw materials / goods and / or rendering / availing of services.
  • PPFAS Mutual FundBasis of arm’s length pricing not disclosed for few transactions

  16 for18 against

• Unlisted stake boughtAaramnagar Realty LLPSince 9 Apr 2026

  50.00% bought in the quarter; holding 50.00%, from 0.00%

• Tax disputeUnion of India and Commissionerate of Cental Taxes (Audit), BangaloreSince 19 Apr 2017
  No change in status
  At the filing before: Pursuant to the Show Cause Notice, our Company filed a writ petition no.10245/2018 against the Union of India and others ("Respondents") before the High Court of Karnataka, at Bengaluru under Article 226 and 227 of the Constitution of India, for quashing the Show Cause Notice. Thereafter, anorder dated August 11, 2021 was issued by the High Court of Karnataka, at Bengaluru, in writ petition no. 10245/2018 quashing the Show Cause Notice and directing fresh proceedings. The matter is currently pending.MoreLess
• Tax disputeNational Faceless Assessment Centre, Income Tax Department, Delhi.Since 17 Sep 2021
  No change in status
  At the filing before: Pursuant to the Show Cause Notice, Prestige Builders and Developers Private Limited, subsidiary of the Company has filed a writ petition dated October 21, 2021 before the High Court of Karnataka, at Bengaluru under Article 226 and 227 of the Constitution of India, to quash the Demand Notice and the Assessment Order. The matter is currently pending.MoreLess
• Tax disputeGoods & Services Tax Intelligence, HyderabadSince 2 Sep 2025
  No change in status
  At the filing before: Pursuant to the Show Cause Notice, Prestige Office Ventures has filed a writ petition no. 5588/2026 dated 19/02/2026 against Union of India and Others ("Respondents") before the High Court for the State of Telangana, at Hyderabad, under Article 226 of the Constitution of India to quash the Impugned Notice dated 25 08 2025 bearing SCN no 40/202526GST. The matter is currently pending.MoreLess
• Tax disputeGoods & Services Tax Intelligence, MumbaiSince 6 Oct 2025
  No change in status
  At the filing before: Pursuant to the Show Cause Notice, our Company has filed a writ petition no. 5208/2026 against Commissioner of Commercial Tax, Bangalore and Another ("Respondents") before the High Court of Karnataka, at Bengaluru under Article 226 and 227 of the Constitution of India. Thereafter, “an INTERIM order of STAY” was granted on 18/02/2026. The matter is currently pending.MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

Yes

The filing has a part on fines and penalties

No

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.