Prozone Realty Limited has successfully completed a strategic acquisition of equity shares in three material subsidiaries, achieving complete ownership control across its key mall development entities. The completion was announced through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India Listing Regulations.

Strategic Consolidation Completed

The real estate development company has consolidated its shareholding to 100% in three key subsidiaries through direct and indirect acquisitions. The transactions were executed through the company itself and its wholly owned subsidiaries, Kruti Realtors and Developers Private Limited and Prozone Liberty International Limited.

Acquisition Details

The consolidation involved acquiring remaining minority stakes in three mall development entities:

Corporate Structure Enhancement

The acquisitions represent a significant enhancement to Prozone Realty's corporate structure, eliminating minority interests across these material subsidiaries. Empire Mall Private Limited required the largest acquisition percentage at 65.29%, while both Alliance Mall Developers and Hagwood Commercial required identical 38.50% stake acquisitions to achieve full ownership.

Regulatory Compliance

The company confirmed that all required disclosures under Regulation 30 and Schedule III of the Listing Regulations, along with SEBI Circular requirements, were previously submitted through earlier intimations. The completion filing was signed by Ajayendra Pratap Jain, Company Secretary and Chief Compliance Officer, from the company's Mumbai office.

The successful completion of these acquisitions positions Prozone Realty with enhanced operational control and simplified corporate governance across its key mall development subsidiaries.

Prozone Realty Limited has submitted its quarterly confirmation certificate under SEBI regulations for the quarter ended 31st March 2026. The certificate, mandated under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, was filed with both the National Stock Exchange of India Limited and BSE Limited on 7th April 2026.

Regulatory Compliance Details

The confirmation certificate was issued by MUFG Intime India Pvt. Ltd. (formerly known as Link Intime India Pvt. Ltd.), which serves as the company's Registrar and Share Transfer Agent. The certificate confirms compliance with securities dematerialisation processes and regulatory requirements for the specified quarter.

Key Observations

A significant aspect of this quarter's report is that no dematerialisation or rematerialisation requests were received during the period from 1st January 2026 to 31st March 2026. This indicates minimal trading activity in physical share certificates during the quarter.

The certificate confirms that all securities received from depository participants for dematerialisation were properly processed, with appropriate acceptance or rejection notifications sent to depositories. Additionally, it verifies that security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant.

Corporate Information

Prozone Realty Limited operates from its registered office at Unit-A, 2nd Floor, South Tower, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400099. The company maintains its investor services through dedicated communication channels and continues to fulfill its stock exchange listing obligations.

The submission was signed by Ajayendra Pratap Jain, serving as CS & Chief Compliance Officer, while the RTA certificate was authenticated by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Pvt. Ltd.