Prestige Estates Projects Limited's promoter, Razack Family Trust, has submitted a disclosure to the stock exchanges under Regulation 31(4) of the SEBI Takeover Regulations. The filing confirms that the promoters and promoter group have not created any encumbrance, directly or indirectly, on Prestige Estates shares.
The disclosure was filed on June 19, 2026, with the National Stock Exchange of India and BSE Limited. Razack Family Trust, acting through its trustee Irfan Razack, submitted the filing in its capacity as one of the promoters of Prestige Estates Projects Limited. The disclosure is originally dated April 9, 2026, and was submitted from the trust's registered office at Craig Park Layout in Bangalore.
An annexure to the filing lists the promoter group entities covered under the disclosure. These include Razack Family Trust, Irfan Razack, Rezwan Razack, Noaman Razack, Badrunissa Irfan, Almas Rezwan, Sameera Noaman, Uzma Irfan, Faiz Rezwan, and Zayd Noaman.
Under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoters of listed entities are required to disclose any encumbrance created on shares held by them. Encumbrance includes pledges, liens, or any other form of charge on shares.
The filing by Razack Family Trust confirms compliance with this regulatory requirement and states that no encumbrance exists on Prestige Estates Projects Limited shares as of the disclosure date. The disclosure is submitted in terms of the provisions of Regulation 31(4) of the Takeover Regulations.
Prestige Estates Projects Limited is a Bengaluru-based real estate developer with operations across residential, commercial, retail, and hospitality segments. Prestige Estates shares are listed on the National Stock Exchange and BSE Limited.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.