Prestige Estates Projects Limited has announced the incorporation of a new wholly-owned subsidiary named 'Orange Grove Lands Private Limited'. The incorporation was completed on January 9, 2026, with the certificate of incorporation received on January 10, 2026. The new entity has been established to carry on the business of real estate development.

The authorized capital for Orange Grove Lands Private Limited is ₹10,00,000, and its paid-up capital is ₹1,00,000. The company has subscribed to 10,000 equity shares of ₹10 each, amounting to ₹1,00,000, in cash for 100% ownership of the subsidiary. As the subsidiary has not yet commenced business operations, its size and turnover are not applicable.

This incorporation is considered a related party transaction as Orange Grove Lands Private Limited is a wholly-owned subsidiary. However, the promoter, promoter group, and group companies have no interest in this transaction, which is conducted at arm's length. No specific governmental or regulatory approvals are required for this incorporation, and there is no indicative time period for completion as it is already incorporated.