Prozone Realty Limited has announced that its Board of Directors will meet on Friday, May 29, 2026. The primary agenda of the meeting is to consider and approve the audited standalone and consolidated financial results of the company for the financial year ended March 31, 2026. This meeting is being convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In compliance with clause 4 of Schedule B of the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, the company has stated that the trading window for dealing in the securities of Prozone Realty Limited is currently closed. The window initially closed on April 1, 2026, and will remain shut until the conclusion of 48 hours after the declaration of the financial results for the year ended March 31, 2026.

Key Meeting Details

The following table summarizes the key details regarding the upcoming Board meeting and the trading window status:

The company has requested the stock exchanges to take the above information on record.

Prozone Realty Limited has issued a postal ballot notice dated April 28, 2026, seeking shareholder approval for a major corporate restructuring involving the divestment of material subsidiaries and hiving off of identified land assets. The company proposes to sell its entire shareholding in Kruti Realtors and Developers Private Limited, along with controlling stakes in Alliance Mall Developers Co. Pvt. Ltd. (51.95%) and Empire Mall Private Limited (34.71%) to Inorbit Malls (India) Private Limited or its affiliates for an aggregate gross consideration of approximately Rs 1,242.50 crores.

Postal Ballot Timeline and Voting Process

The company has set April 24, 2026, as the cut-off date for determining member eligibility for the postal ballot. Remote e-voting will commence at 09:00 A.M. on Thursday, April 30, 2026, and conclude at 5:00 p.m. IST on Friday, May 29, 2026. The postal ballot notice has been sent electronically to members whose email addresses are registered with the company, registrar and transfer agent, or depository participants.

Asset Hiving Off and Restructuring

The restructuring involves hiving off land assets from two key subsidiaries into separate special purpose vehicles. Alliance Mall Developers' land assets in Coimbatore, comprising an ongoing residential project of 540 units and land for future development spread over 39,753.50 sq. mt. (9.82 acres), will be transferred to Prozone Horizons Private Limited. Empire Mall Private Limited's vacant land parcel of approximately 26,047.39 sq. mt. (6.44 acres) in Chhatrapati Sambhaji Nagar will move to Hagwood Commercial Developers Private Limited. Both receiving entities are wholly owned subsidiaries of Prozone Realty.

Mall Assets and Financial Performance

The mall assets being divested include Prozone Mall, Prozone Trade Centre, and Sarat Bazaar at Empire on 54,045.36 sq. mt. (13.35 acres), and Phase 1 of Prozone Mall at Alliance on 53,139.52 sq. mt. (13.13 acres). For FY 2024-25, Alliance reported turnover of INR 5,927.23 lakhs and net worth of INR 17,349.13 lakhs, while Empire recorded turnover of INR 6,271.36 lakhs and net worth of INR 24,611.41 lakhs. Kruti Realtors reported nil turnover and negative net worth of INR -2.42 lakhs.

Regulatory Compliance and Scrutinizer Appointment

The company has appointed Mr. Vaibhav Dandawate (Membership No.: A51538, CP No.: 27947), failing him Ms. Deepti Kulkarni (Membership No.: A34733, CP No.: 22502), Partners of M/s Makarand M. Joshi & Co., Practicing Company Secretaries, as scrutinizers for conducting the postal ballot through remote e-voting process. The transaction requires shareholder approval by way of special resolution under Section 180(1)(a) of the Companies Act, 2013, and Regulation 24(5) of SEBI (LODR) Regulations, 2015.

The resolutions, if approved, will be deemed to have been passed on the last date of e-voting, May 29, 2026. Results will be announced on or before Monday, June 2, 2026, and displayed on the company's website at www.prozonerealty.com . The postal ballot notice is available on the company's website and stock exchange websites for members whose email addresses are not registered with the company or depositories.