Prozone Realty Limited (PROZONER) — Voting Results(3 announcements)

Prozone Realty Limited announced that shareholders approved a special resolution via postal ballot to disinvest stakes in Material Subsidiaries and hive off selected assets. The resolution passed with a majority as votes in favor exceeded votes against under SEBI LODR Regulation 37A. Estimated consideration for the sale is Rs. 13 Crores, with completion expected within 90 days of shareholder approval. The transaction involves Kruti Alliance and Empire, neither related party nor promoter-affiliated, and complies with SEBI LODR Regulations 23(5) and 37A. No slump sale applies.

Prozone Realty Limited announced that shareholders approved a special resolution via postal ballot to disinvest stakes in material subsidiaries and hive off selected assets. The proposal received requisite majority under SEBI LODR Regulation 37A, with public shareholder votes exceeding opposing votes. The transaction involves estimated consideration of Rs.44 Crores for Alliance Empire and Rs.13 Crores for Kruti Alliance, targeting completion within 90 days of approval. No definitive agreements are executed yet, and proceeds will be adjusted for closing accounts. The company confirmed no related-party status for buyers and compliance with regulatory norms.

Prozone Realty Limited announced that shareholders approved a special resolution via postal ballot to sell stakes in Material Subsidiary Alliance Empire and hive off assets of selected subsidiaries. The sale is expected to be completed within 90 days of shareholder approval, with estimated consideration of Rs. 13 Crores for Alliance Empire and Rs. 44 Crores for Kruti Alliance. The transaction involves wholly owned subsidiaries and is exempt from related party transaction norms under SEBI LODR Regulation 23(5).