Prestige Estates Projects Limited (NSE: PRESTIGE, BSE: 533274), a prominent real estate developer, has confirmed that the Income Tax Department is currently conducting a search at its registered office and various branch locations, beginning on February 25, 2025.
In a filing with the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), Prestige Estates Projects stated that it is fully cooperating with the Income Tax Department and is providing all necessary information and support to the authorities.
The company acknowledged that the Income Tax Department is undertaking the search.
At this time, the details of any alleged violations or contraventions are not yet known. Similarly, the financial impact on Prestige Estates Projects is currently unascertainable.
Manoj Krishna J V, Company Secretary and Compliance Officer of Prestige Estates Projects Limited, confirmed the search and the company’s cooperation in the official filing.
Prestige Estates Projects is currently assisting the Income Tax Department in its ongoing search. While the full implications of the search remain to be seen, the company has affirmed its commitment to transparency and cooperation with the authorities. Investors and stakeholders will be closely watching for further updates as the situation unfolds.
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Published on: February 27, 2025 at 10.40PM GMT.
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As stated in Bhagavad Gita : (Bhagavad Gita 6.34)
सर्वं जगत् तद्विष्णोः साक्षात् ब्रह्म तद्विष्णोः।
All that exists is a manifestation of the Supreme.
