Prozone Realty Limited has notified stock exchanges regarding the structural conversion of its statutory auditors from a traditional partnership to a Limited Liability Partnership (LLP) format. The conversion became effective on January 13, 2026, marking a significant administrative change in the company's auditing arrangements.

Auditor Conversion Details

The statutory auditing firm M S K A & Associates, Chartered Accountants has converted itself into M S K A & Associates LLP, Chartered Accountants under the provisions of the Limited Liability Partnership Act, 2008. The firm communicated this change to Prozone Realty through a formal letter dated January 21, 2026.

Continuity of Services

Despite the structural change, M S K A & Associates LLP will continue to serve as the statutory auditors of Prozone Realty Limited. The firm will discharge all duties and responsibilities for the remaining tenure of their appointment under the same terms and conditions that were previously established with the partnership structure.

Regulatory Compliance

Prozone Realty Limited has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this development. The company has also made the information available on its official website at prozonerealty.com, ensuring transparency for all stakeholders.

The notification was signed by Ajayendra Pratap Jain, CS and Chief Compliance Officer of Prozone Realty Limited, demonstrating proper corporate governance procedures in handling this administrative change. The conversion represents a routine business structure modification that does not impact the ongoing auditing relationship between the company and its statutory auditors.

Prozone Realty Limited , a prominent real estate company, has taken a significant step in restructuring its shareholder categories. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) seeking no-objection for the reclassification of four members of its promoter group to the public category.

Details of the Reclassification Request

The reclassification request involves the following individuals and entity:

Regulatory Compliance

Prozone Realty has adhered to the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company's actions include:

1. Consideration of the reclassification request by the Board of Directors.
2. Submission of applications to BSE and NSE within the mandated five-day timeline as per Regulation 31A(3)(a)(iii) of the SEBI LODR Regulations.

Implications and Next Steps

The reclassification, if approved, would move these four members from the 'Promoter Group' category to the 'Public' category. This change could potentially impact the company's shareholding structure and public float.

It's important to note that the reclassification is subject to approval from both stock exchanges. Investors and market watchers may be observing the outcome of these applications, as it may influence the company's governance structure and market perception.

Prozone Realty Limited continues to operate from its registered office at Unit-A, 2nd Floor, South Tower, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400 099.