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.

Prozone Realty has received unanimous board approval for the strategic purchase of equity shares in Empire Mall Private Limited, Omni Infrastructure Private Limited, and Hagwood Commercial Developers Private Limited from its wholly owned Singapore subsidiary, Prozone Liberty International Limited.

Board Meeting and Regulatory Compliance

The Board of Directors meeting was held on March 27, 2026, commencing at 11:05 AM and concluding at 3:40 PM. The board granted unanimous approval for the acquisition of shares from the overseas subsidiary as part of a comprehensive restructuring initiative. The company has informed stock exchanges under Regulation 30 of SEBI Listing Regulations.

Acquisition Details and Financial Metrics

The transaction involves purchasing equity shares in three target companies at ₹1 per share, representing significant stakes in income-generating retail assets. All acquisitions are structured as related party transactions at non-arm's length pricing in the company's interest.

Target Companies Performance and Background

All three entities are engaged in developing, owning and operating shopping malls, residential and commercial premises. The companies have demonstrated varying revenue performance over the past three years.

Empire Mall Private Limited

Incorporated in February 2006, Empire Mall reported a turnover of ₹6,271.36 lakhs in FY 2024-25, compared to ₹5,810.60 lakhs in FY 2023-24 and ₹5,803.18 lakhs in FY 2022-23, showing consistent growth trajectory.

Omni Infrastructure Private Limited

Established in January 2007, Omni Infrastructure recorded a turnover of ₹129.57 lakhs in FY 2024-25, down from ₹170.22 lakhs in FY 2023-24 and ₹217.61 lakhs in FY 2022-23, reflecting declining revenue trend.

Hagwood Commercial Developers Private Limited

Incorporated in August 2006, Hagwood reported a turnover of ₹5,444.35 lakhs in FY 2024-25, compared to ₹6,576.20 lakhs in FY 2023-24 and ₹5,997.47 lakhs in FY 2022-23.

Strategic Objectives and Timeline

The acquisition aims to achieve greater efficiency in cash management and provide unfettered access to cash flows generated by the combined business. The restructuring will optimize the legal entity structure to align better with business operations while enabling direct ownership of high-quality, income-generating retail assets.

Direct ownership will unlock strategic flexibility including independent refinancing capabilities, enhanced leasing strategies, faster decision-making on capital expenditure, and potential asset-level monetization opportunities. The transaction is expected to be completed within 45 days of the board resolution approval, with no governmental or regulatory approvals required.