Board Meeting21 May 2026, 09:41 pm
Prestige Estates: Board Approves Dividend, NCD Issue up to ₹2,000 Cr
AI Summary
Prestige Estates Projects Ltd's board meeting on May 21, 2026, approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹2 per share (20%). The board also approved the issuance of non-convertible debentures (NCDs) for up to ₹2,000 Crores on a private placement basis, subject to shareholder approval. Additionally, Ms. Uzma Irfan was redesignated as Whole-Time Director for a 5-year term.
Key Highlights
- Audited financial results for FY26 approved with unmodified audit opinion.
- Final dividend of ₹2 per share (20%) recommended, pending shareholder approval.
- NCD issuance up to ₹2,000 Crores approved via private placement, subject to shareholder approval.
- Ms. Uzma Irfan redesignated as Whole-Time Director for 5 years, effective May 21, 2026.
Price Impact
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