Prestige Estates guarantees INR 250 crore loan for Dollars Hotel and Resorts

Prestige Estates Projects Limited has issued a corporate guarantee to secure a loan facility for its subsidiary, Dollars Hotel and Resorts Private Limited. The guarantee covers up to INR 250 Crores from Canara Bank/Catalyst Trusteeship Limited. This action, dated October 10, 2025, aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company clarified that neither the promoter nor the promoter group has any interest in this transaction, affirming that the guarantee was provided on an arm's length basis.

While the corporate guarantee constitutes a contingent liability for Prestige Estates, the company stated that there is no immediate impact on the listed entity as it is provided on behalf of a subsidiary within the consolidated group.