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

Prozone Realty shareholders approved via postal ballot the disinvestment of stakes in three material subsidiaries and the hiving off of identified land assets into separate SPVs, including Empire Mall, Alliance Mall Developers, and Kruti Realtors. The resolution also authorized the Board to complete the sale of these entities, targeting up to ₹1,242.50 crores gross consideration, with proceeds adjusted for assets and liabilities. The transaction involves selling 100% of Kruti, 51.93% of Alliance, and 34.71% of Empire, while retaining land assets for future development. The filing corrects an earlier annexure error but retains unchanged voting results.

Prozone Realty shareholders approved via postal ballot a special resolution to hive off land assets of Empire Mall, Alliance Mall, and Kruti Realtors into separate SPVs and to disinvest stakes in these material subsidiaries, including a proposed sale of identified subsidiaries for up to ₹1,242.50 crores, following a prior filing error correction.

Prozone Realty shareholders approved via postal ballot a special resolution to disinvest stakes in three material subsidiaries and hive off identified land assets into separate SPVs, enabling the proposed sale of these entities. The transaction involves up to ₹1,242.50 crores consideration and requires board authorization for all related actions.