Prestige Estates Projects shareholders approve dividend, director re-appointments at AGM

Prestige Estates Projects Limited held its 28th Annual General Meeting (AGM) on September 10, 2025, in Bangalore. The meeting saw the approval of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. Shareholders also sanctioned a final dividend of Rs. 1.80 per fully paid equity share for the Financial Year 2024-2025.

Key resolutions passed included the re-appointment of Irfan Razack as director and the ratification of remuneration for M/s P. Dwibedy & Co. as cost auditor for FY 2025-2026. The appointment of the secretarial auditor and the issue of non-convertible debentures on a private placement basis were also approved. Additionally, revisions in remuneration for Uzma Irfan, director, and approvals for remuneration of related parties Zayd Noaman and Faiz Rezwan, holding offices of profit, were passed.

The AGM proceedings also included the approval of material related party transactions between the company and its subsidiaries, Prestige Projects Private Limited and Prestige Falcon Mumbai Realty Private Limited. A total of 92 members attended the meeting, which was chaired by Irfan Razack. The voting results for all resolutions will be announced within two working days and uploaded on the company’s website, CDSL, and forwarded to the National Stock Exchange of India Limited and BSE Limited.