Prozone Realty has acquired an additional 2.59% equity capital in Hagwood Commercial Developers Private Limited, converting the entity into a direct wholly-owned subsidiary. The transaction was disclosed to the stock exchanges on June 30, 2026, under Regulation 30 of the Securities and Exchange Board of India (LODR) Regulations, 2015.

Transaction Details

The purchase of the 2.59% stake marks the completion of Prozone Realty's acquisition of Hagwood Commercial Developers Private Limited. With this final tranche, Hagwood has transitioned into a direct wholly-owned subsidiary within the company's corporate structure.

Regulatory Filing

The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited as a general update. The filing confirmed that the acquisition was executed pursuant to the company's strategy to consolidate its holdings in the subsidiary. The disclosure was signed by Ajayendra Pratap Jain, Company Secretary and Chief Compliance Officer of Prozone Realty Limited.

Rakesh Kumar Rawat, representing the promoter group of prozone realty , has confirmed that no encumbrance was created on the shareholding of the Rakesh Rawat Family Trust during the financial year ended March 31, 2026. This declaration provides transparency regarding the status of promoter holdings, which is vital for assessing the financial health and governance of the company. The trust holds 35,85,796 shares, and the confirmation assures stakeholders that these shares remain unpledged.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters disclose any encumbrance on their holdings to the exchanges. The filing confirms that the Rakesh Rawat Family Trust has not pledged or otherwise encumbered its shares directly or indirectly throughout FY26.

Shareholding Status

The following table details the shareholding and encumbrance status of the promoter group members as declared:

Prozone Realty Limited was formerly known as Prozone Intu Properties Limited. The company is listed on both the NSE and BSE under the scrip codes PROZONER and 534675, respectively. The disclosure was addressed to the Listing Departments of both exchanges and copied to the Audit Committee and Compliance Officer of Prozone Realty Limited.