Prozone Realty completes 17.507% stake acquisition

Prozone Realty has successfully completed the acquisition of a 17.507% equity stake in Gajaanan Property Developers Private Limited. The transaction was finalized on July 3, 2026, with the shares purchased from Festival Valley Developers Private Limited. This strategic move expands Prozone Realty's footprint in the property development sector.

The acquisition was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially informed the exchanges about the proposed transaction on April 28, 2026. The necessary details, as required by Schedule III of the Listing Regulations and SEBI master circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 issued on January 30, 2026, were provided in the earlier filing.

Transaction Details

The following table outlines the key specifics of the acquisition:

Particulars	Details
Target Company	Gajaanan Property Developers Private Limited
Stake Acquired	17.507%
Seller	Festival Valley Developers Private Limited
Completion Date	July 3, 2026

This completion marks the conclusion of the process initiated earlier this year. The regulatory filings confirm that all required disclosures have been adhered to, ensuring compliance with the relevant SEBI regulations. The acquisition is now effective, and the stake has been transferred to Prozone Realty.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.79%	-2.96%	-10.41%	-22.20%	+10.57%	+24.25%

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.