Prozone Realty Limited has scheduled its 19th Annual General Meeting for September 30, 2026. The meeting will commence at 11:30 am via video conferencing or other audio-visual means.

The company published newspaper advertisements on September 6, 2026, to inform shareholders about the upcoming meeting. The announcements appeared in Financial Express for nationwide English readership and Mumbai Lakshadeep for regional Marathi readership.

Meeting Details

The 19th AGM is convened in compliance with Ministry of Corporate Affairs General Circular No. 14/2020 dated April 8, 2020, and subsequent circulars, including General Circular No. 3/2025 dated September 22, 2025. The gathering adheres to applicable provisions of the Companies Act and SEBI Listing Regulations.

Shareholders can access the newspaper advertisements on the company website. The notice of the AGM along with the annual report for FY26 will be sent electronically to members with registered email addresses. A letter containing the weblink for the annual report will be dispatched to shareholders without registered emails.

Agenda Items

The primary business items for the AGM include:

• Receiving, considering, and adopting the audited Financial Statements for the financial year ended March 31, 2026, on both standalone and consolidated bases.
• Appointing Mr. Salil Chaturvedi (DIN: 00004768) as a Director in place of his retirement by rotation, as he offers himself for re-appointment.

Corporate Governance and Logistics

M/s. MSKA & Associates LLP serves as the Statutory Auditor, appointed until the conclusion of the 20th AGM in 2027. Mr. Hemant Shetye of M/s HSPN Associates & LLP has been appointed as the Scrutinizer for the remote e-voting process.

Institutional shareholders must submit scanned copies of board resolutions authorizing representatives to vote via remote e-voting to the Scrutinizer and the Company. Proxies are not permitted for this virtual meeting.

Corporate Information

Prozone Realty Limited is registered under CIN L45200MH2007PLC174147. The company's registered office is located at Unit-A, 2nd Floor, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400 099.

Prozone Realty shareholders approved a special resolution to waive the recovery of managerial remuneration paid to its Deputy Managing Director, Salil Anupendra Chaturvedi. The approval covers payments made between February 27, 2020, and September 10, 2024.

The resolution was passed via remote e-voting under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting period ran from August 8, 2026, to September 6, 2026. M/s. Makarand M. Joshi & Co. acted as the scrutinizer for the process.

Voting Breakdown

Promoter and promoter group shareholders voted unanimously in favor of the waiver. Public institutional investors largely opposed the measure, while public non-institutional shareholders showed significant support.

What the Numbers Show

The voting results reveal a stark divergence in shareholder sentiment based on stakeholder type. While promoters held 95.31% of their shares on record and voted entirely in favor, public institutions voted against the waiver at a rate of 99.29%. This suggests that while controlling interests supported the waiver, independent institutional investors strongly opposed it, viewing the recovery waiver as unfavorable or lacking sufficient justification.