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.
Prozone Realty approved the sale of three material subsidiaries to Inorbit Malls for approximately ₹1,242.50 Crore. The board also cleared the internal transfer of Coimbatore and Chhatrapati Sambhaji Nagar land assets into separate SPVs and a 17.507% stake acquisition in GPDPL for ₹24 Crore. These strategic moves aim to facilitate disinvestment and expand high-income yielding assets.
Prozone Realty Limited is acquiring a 17.507% stake in Gajaanan Property Developers Private Limited for ₹24.00 Crore in cash. This strategic acquisition aims to expand the company's footprint in high-income yielding real estate assets and develop high-potential land. The transaction is expected to conclude within 180 days.
Prozone Realty Limited announced that shareholders approved the appointment of Mr. Farhat Jamal as an Independent Director through a postal ballot. The resolution was passed with a 99.99% majority of valid votes. The voting process concluded on April 24, 2026, and the results were certified by the appointed scrutinizer.
Prozone Realty Limited announced that shareholders have approved the appointment of Mr. Farhat Jamal as an Independent Director via postal ballot. The resolution was passed as a Special Resolution based on the Scrutinizer's Report dated April 25, 2026.
Prozone Realty Limited has completed the acquisition of a 38.50% stake in its material subsidiary, Hagwood Commercial Developers Private Limited. The shares were purchased from Triangle Real Estate India Investments Ltd and Pearlscope Ltd, strengthening the company's control over the subsidiary.
Prozone Realty Limited's wholly owned subsidiary, Kruti Realtors and Developers, completed the acquisition of a 65.29% stake in Empire Mall Private Limited. The stake was purchased from Triangle Real Estate India Holdings, Pearlscope Ltd, and Nailsfield Ltd, strengthening the company's real estate portfolio.
Prozone Realty Limited has successfully completed the acquisition of equity shares in material subsidiaries Empire Mall, Alliance Mall Developers, and Hagwood Commercial. Following the consolidation, all three entities have become 100% wholly-owned subsidiaries of the company, strengthening its corporate structure and asset control.
Prozone Realty Limited submitted its Regulation 74(5) compliance certificate for the quarter ended March 31, 2026. The Registrar and Share Transfer Agent, MUFG Intime India, confirmed that no demat or remat requests were received during this period.
Prozone Realty Limited clarified a reporting error in its Q2 FY2025 financial results submitted via XBRL. The company inadvertently reported data on a half-yearly basis instead of quarterly and has re-submitted the revised results to the exchange. This is a procedural correction with no change to the underlying business performance.
ALFA Finder