Prestige Estates Redesignates Uzma Irfan as Whole-Time Director for Five-Year Term

Leadership Transition: Uzma Irfan Named Whole-Time Director

Prestige Estates Projects redesignated Ms. Uzma Irfan as a Whole-Time Director effective from May 21, 2026, for a tenure of five years, concluding on May 20, 2031. The appointment is part of the company's leadership succession and organisational strengthening initiative.

Background and Responsibilities

Ms. Irfan previously served as the Director of Corporate Communications, where she played a pivotal role in fostering a collaborative culture within the Prestige Group. As Director of Corporate Communications, she has been instrumental in the company's success and brings a strong focus on innovation and collaborative leadership to the executive team.

Financial and Strategic Context

For the financial year ended March 31, 2026, Prestige Estates Projects Limited demonstrated robust performance, with standalone revenue from operations of Rs. 40,804 million and a net profit of Rs. 1,832 million. Consolidated annual revenue reached ₹1,26,854 million, compared to ₹73,494 million in the previous year.

The Board also recommended a 20% final dividend (Rs. 2 per share). To support future growth and operational requirements, the company secured approval to issue non-convertible debentures amounting to Rs. 2,000 Crores on a private placement basis.

Prestige Estates Projects at a Glance

Prestige Estates Projects Limited is a Bengaluru-based real estate developer engaged in the development of residential, commercial, retail, and mixed-use properties, with a focus on India's urban markets and listed on both the National Stock Exchange of India and BSE. The company has delivered approximately 300 real estate projects spanning 180 million square feet.

The company operates in five segments—Residential, Commercial, Retail, Hospitality and Real estate services—with geographical presence in Bengaluru, Chennai, Kochi, Hyderabad and Mysuru.

Broader Leadership Structure

Irfan Razack, Chief Executive Officer and Chairman and Managing Director, was appointed in June 1997 and has a tenure of over 28 years. The redesignation of Uzma Irfan represents continued organizational strengthening within the board and senior management hierarchy as Prestige expands its portfolio and operations across multiple Indian metro markets.