Prozone Realty (PROZONER) — Board Meeting

📢 Key Event
Completion of sale of identified subsidiaries to Inorbit Malls

🔄 What Changed
Kruti, Alliance, and Empire ceased to be subsidiaries; FVDPL ceased to be an indirect subsidiary effective 24 August 2026

🔮 What's Next
The company will continue real estate development in Mumbai Metropolitan Region and evaluate opportunities through relevant subsidiaries

💡 Investor Takeaway
The sale monetises core mall assets and streamlines the corporate structure, but non-core land assets remain in the group for future development.

Prozone Realty completed the sale of 100% of Kruti Realty and 51.95% of Alliance Mall Developers along with associated stakes, finalizing the monetisation of mall assets for INR 1,242.50 crores. The transaction transferred full ownership of Target Companies 1, 2, and 3 to Inorbit Malls, ending Kruti, Alliance, and Empire's subsidiary status effective 24 August 2026. The company retains non-core land parcels through subsidiaries and plans continued development in Mumbai Metropolitan Region.

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About Prozone Realty Limited (PROZONER)

Services · Miscellaneous · Listed on NSE

Market Cap: ₹685.8 Cr P/E: 59.9 ROE: 3.3% ROCE: 3.0%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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