Prozone Realty Annual General Meeting
Prozone Realty Limited announced the postal ballot voting results. Shareholders approved the special resolution to waive the recovery of managerial remuneration paid to its Deputy Managing Director.
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Prozone Realty Limited announced the postal ballot voting results. Shareholders approved the special resolution to waive the recovery of managerial remuneration paid to its Deputy Managing Director.
Prozone Realty Limited completed the sale of its stake in Kruti Realtors, Alliance Mall Developers, and Empire Mall to Inorbit Malls for ₹1,242.50 Crore.
Prozone Realty reported Q1 FY27 consolidated Revenue of Rs 152.4 mn and PAT of Rs 13.0 mn. The company completed a strategic divestment of its two operational malls for INR 1,242.5 Cr.
Prozone Realty Ltd reported revenue from operations of ₹15.2 Cr (+105.4% YoY) and net profit of ₹1.3 Cr (-65.8% YoY) for Q1 FY27.
Prozone Realty's application for promoter group reclassification was closed by the NSE due to unaddressed queries. The company may submit a fresh application in future.
Prozone Realty Limited issued a postal ballot notice seeking member approval for waiving the recovery of Rs. 5.12 Crore in managerial remuneration.
Prozone Realty Limited will hold a board meeting on August 14, 2026, to approve quarterly financial results. The trading window remains closed until 48 hours after the declaration.
Prozone Realty acquired an additional 17.51% stake in Downtown Retail Malls Private Limited for Rs. 0.00175 Crore. This transaction increases their total holding to 26.80%.
Prozone Realty's step-down subsidiary, Empire Mall, has acquired 100% stake in Festivalvalley Developers Private Limited. The acquisition, valued at ₹0.01 Crore, supports Prozone's business expansion.
Prozone Realty completed a 17.507% stake acquisition in GPDPL for Rs.24 Crore. The transaction followed terms set in the initial Share Purchase Agreement.
Prozone Realty purchased an additional 2.59% stake in Hagwood Commercial Developers. Hagwood has now become a wholly-owned subsidiary of the company.
Prozone Realty Limited's subsidiary is transferring land assets to another wholly owned group subsidiary for ₹44 Crore. The internal restructuring maintains existing group control.
Prozone Realty Limited's subsidiary is transferring land assets to another 100% owned group entity for ₹13 Crore. The internal restructuring maintains ultimate beneficial ownership while streamlining assets.
Prozone Realty is selling its subsidiary Kruti Realtors to Inorbit Malls for ₹1,242.50 Crore. The cash-based divestment aims to unlock value through a shareholder-approved hiving-off process.
Prozone Realty Limited shareholders approved a special resolution via postal ballot for the disinvestment of material subsidiaries. The resolution passed with requisite majority and public shareholder support.
Prozone Realty shareholders approved the disinvestment of stakes in material subsidiaries for ₹1,242.50 Crore. The transaction involving Inorbit Malls aims to hive off identified assets.
Prozone Realty Limited submitted its Annual Secretarial Compliance Report for FY2026. The report by HSPN & Associates LLP confirms compliance with SEBI regulations with minor historical observations.
Prozone Realty delivered a turnaround in FY26, reporting a PAT of ₹178.9 mn vs a loss of ₹543.6 mn in FY25, driven by strategic divestment of operational malls for ₹1,242.5 Cr.
Prozone Realty Ltd reported revenue from operations of ₹52.6 Cr (-0.4% YoY) and net profit of ₹3.9 Cr for Q4 FY26.
Prozone Realty Limited reported an annual standalone net profit of ₹7.19 Crore for FY26. The board approved these results in their May 29 meeting.
Prozone Realty Limited scheduled a board meeting for May 29, 2026, to approve annual financial results. The trading window remains closed until 48 hours post-declaration.
Prozone Realty Limited has issued a postal ballot notice to its shareholders via electronic dispatch on April 29, 2026. The notice, dated April 28, 2026, includes an explanatory statement. Newspaper advertisements informing members of the same were published in 'Financial Express' and 'Mumbai Lakshadweep' on April 30, 2026.
Prozone Realty Limited has issued a postal ballot notice to seek shareholder approval via Special Resolution. The proposal involves the disinvestment or sale of stakes in material subsidiaries and the hiving off of identified assets. Voting is scheduled to conclude on May 29, 2026.
Prozone Realty Limited issued a postal ballot notice to shareholders seeking approval for the disinvestment of mall assets to Inorbit Malls for ₹1,242.50 Crore. The transaction involves selling stakes in material subsidiaries while hiving off land assets to preserve future development potential.
Prozone Realty Limited has agreed to sell its subsidiary, Kruti Realtors and Developers Private Limited, to Inorbit Malls Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to conclude by August 25, 2026. This significant divestment to an external buyer is subject to shareholder approval under LODR Regulation 37A.
Prozone Realty Limited will acquire a 17.507% stake in Gajaanan Property Developers Private Limited for ₹24.00 Crore. The cash transaction is expected to conclude within 180 days. This strategic investment aims to expand the company's presence in high-income yielding real estate assets and high-potential land developments.
Prozone Realty Limited has agreed to sell its subsidiary, Empire Mall Private Limited, to Inorbit Malls Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to complete by August 25, 2026, subject to shareholder approval and closing adjustments.
Prozone Realty Limited is selling its subsidiary, Alliance Mall Developers Co Private Limited, to Inorbit Malls (India) Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to conclude by August 25, 2026. This significant divestment of the mall business represents a major portfolio restructuring for the company.
Prozone Realty Limited's wholly-owned subsidiary, Empire Mall Private Limited, is selling land assets to another wholly-owned subsidiary, Hagwood Commercial Developers Private Limited, for approximately ₹13 Crore. This intra-group transfer of assets does not change the company's ultimate beneficial ownership and is part of an internal restructuring to facilitate commercial and residential development.
Prozone Realty Limited announced an internal transfer of land assets worth approximately ₹44 Crore between two wholly-owned subsidiaries. The assets move from Alliance Mall Developers Co Private Limited to Prozone Horizons Private Limited. The transaction is a strategic group restructuring with no change in ultimate beneficial ownership.