Prozone Intu Properties Limited

Prozone Realty Ltd has announced the successful completion of its acquisition of a 17.507% stake in Mjs Gajaanan Property Developers Private Limited. The stake was acquired from Festival Valley Developers Private Limited. This transaction follows an earlier intimation made on April 28, 2026, under Regulation 30 of the Listing Regulations. The company has stated that the required disclosure under Regulation 30 read with Schedule III and SEBI master circular no. HOj 49j14j14(7)2025-CFD-POD2j1j3762j2026 dated January 30, 2026, was already made in the previous intimation.

Prozone Realty Ltd has announced a further purchase of 2.59% equity capital in Hagwood Commercial Developers Private Limited. This acquisition makes Hagwood a direct wholly-owned subsidiary of Prozone Realty. The company has requested that this development be taken on record. This move signifies an increased control and integration of Hagwood within Prozone Realty's operations.

Prozone Realty Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the period ending June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and relevant NSE and BSE circulars. The company's Board of Directors is required to approve these financial results by August 14, 2026, as per SEBI (LODR) Regulations 2015.

Prozone Realty Ltd has announced that its application made under Regulation 31A of SEBI Listing Regulations, 2015, for the reclassification of M/s. Rakesh Rawat Family Trust, Mr. Ghanshyam Rawat, Ms. Vandana Vaidh, and Mrs. Pushpalata Rawat from the 'Promoter Group' category to the 'Public' category has been closed by BSE Limited. The company had previously intimated its intention to seek this reclassification, with the Rakesh Rawat Family Trust holding 2.35% of the shares. This closure signifies the end of the process for this specific application.

Prozone Realty Ltd announced that its shareholders have approved the disinvestment of its stake in material subsidiaries, including Kruti Realtors, Alliance Mall Developers, and Empire Mall, for an aggregate gross consideration of up to approximately ₹1,242.50 Crores. The approval also includes the hiving off of identified assets into separate Special Purpose Vehicles (SPVs) to preserve future development potential while enabling efficient monetization of operational mall assets. This strategic move aims to streamline operations and unlock value by divesting the identified subsidiaries, which will cease to be subsidiaries of Prozone Realty upon completion of the transaction. The company has also corrected a previous filing by substituting the correct annexure.

Prozone Realty Ltd's shareholders have approved the disinvestment/sale of stake held in material subsidiaries and step-down material subsidiaries, along with the hiving off of identified assets of selected subsidiaries. The resolution was passed via postal ballot with the required majority, and public shareholder votes exceeded those against the resolution, complying with Regulation 37A of SEBI (LODR) Regulations, 2015. The expected consideration from the sale/disposal is approximately ₹44 Crores and ₹13 Crores respectively, subject to adjustments. The transactions involve Prozone Honzons Private Limited and Hagwood Commercial Developers Private Limited, both wholly-owned subsidiaries of the company, as buyers.

Prozone Realty Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The company will publish only consolidated financial results in the newspapers. The board meeting commenced at 03:00 p.m. and concluded at 10:15 p.m. Auditors issued unmodified opinions on both standalone and consolidated results. The Ministry of Corporate Affairs rejected the company's application for the re-appointment of its Deputy Managing Director.

Prozone Realty Ltd has released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were approved at a Board of Directors meeting held on May 29, 2026. The company will publish only consolidated financial results in the newspapers. Auditors, MSKA & Associates LLP, issued an unmodified opinion on the standalone financial results. The meeting commenced at 03:00 p.m. and concluded at 10:15 p.m.

Prozone Realty Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the year ended March 31, 2026. The trading window for dealing in the company's securities has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Prozone Realty Limited's Board of Directors approved a series of strategic corporate actions. These include the hiving off of 'Land Assets' from Alliance Mall Developers Co. Pvt. Ltd. and Empire Mall Private Limited into wholly-owned SPVs (Prozone Horizons Private Limited and Hagwood Commercial Developers Private Limited) to facilitate the proposed disinvestment. The company will sell its 100% equity in Kruti Developers Private Limited, 51.95% in Alliance Mall Developers Co. Pvt. Ltd., and 34.71% in Empire Mall Private Limited to Inorbit Malls (India) Private Limited or its affiliates. Additionally, Prozone Realty will acquire a 17.507% stake in Gajaanan Property Developers Private Limited from Festival Valley Developers Private Limited. A postal ballot will be conducted to seek shareholder approval for the sale of identified material subsidiaries and the hiving off of assets. The estimated consideration for the divestment of Alliance and Empire is approximately ₹44 Crores.