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Latest news about Prozone Realty

Prozone Realty Limited Completes Strategic Acquisition of Three Material Subsidiaries 1 day ago Yesterday

Prozone Realty Limited has completed the acquisition of equity shares in three material subsidiaries, achieving 100% ownership in Empire Mall Private Limited, Alliance Mall Developers Co. Private Limited, and Hagwood Commercial and Developers Private Limited. The acquisitions were executed through direct and indirect holdings, with the company acquiring remaining stakes ranging from 38.50% to 65.29% across the three entities, representing a strategic consolidation of its mall development portfolio.

Prozone Realty Submits SEBI Compliance Certificate for Q4FY26 1 day ago Yesterday

Prozone Realty Board Approves Strategic Share Purchase from Singapore Subsidiary Mar 28, 2026

Prozone Realty Limited Issues Postal Ballot Notice for Independent Director Appointment Mar 26, 2026

Prozone Realty Board Approves Strategic Acquisition of Stakes in Three Subsidiaries Mar 17, 2026

More news about Prozone Realty

13Feb 26

Prozone Realty Shareholders Approve All Resolutions in Postal Ballot Process

Prozone Realty Limited concluded its postal ballot process with overwhelming shareholder support for all three proposed resolutions. The company achieved approval rates exceeding 99.99% for resolutions covering related party loan transactions, corporate guarantee transactions, and increased investment limits under Section 186 of the Companies Act, 2013, while maintaining full regulatory compliance.

07Feb 26

Prozone Realty Reports Strong Q3 FY26 Performance with 30% Revenue Growth

Prozone Realty Limited reported strong Q3 FY26 results with operations income growing 30% YoY to Rs 582.3 mn, driven by 66% growth in real estate revenue to Rs 238.9 mn and 13% increase in lease rentals to Rs 343.4 mn. EBITDA rose 28% to Rs 254.8 mn while PBT surged 152% to Rs 108.4 mn. The company's retail assets maintained high occupancy with 96% leasing at Coimbatore Mall and 95% at Ch Sambhaji Nagar Mall, while residential projects showed strong momentum with 34 new bookings worth Rs 183 mn in Coimbatore.

22Jan 26

Prozone Realty Limited Announces Statutory Auditors' Conversion to LLP Structure

Prozone Realty Limited has announced the conversion of its statutory auditors M S K A & Associates to M S K A & Associates LLP, effective January 13, 2026. The auditing firm converted to a Limited Liability Partnership under the Limited Liability Partnership Act, 2008, and will continue providing statutory auditing services under the same terms and conditions. The company has informed stock exchanges and made this information available on its website, ensuring proper regulatory compliance and stakeholder transparency.

17Nov 25

Prozone Realty Seeks Reclassification of Promoter Group Members to Public Category

Prozone Realty Limited has applied to BSE and NSE for reclassification of four promoter group members to the public category. The request involves Mr. Ghanshyam Rawat, Ms. Vandana Vaidh, Mrs. Pushpalata Rawat, and M/s Rakesh Rawat Family Trust. The company has followed SEBI LODR Regulations in submitting the applications. The reclassification, if approved, could impact the company's shareholding structure and public float.

13Nov 25

Prozone Realty Approves New Subsidiary and Promoter Reclassification

Prozone Realty Limited's Board has approved the incorporation of a new wholly-owned subsidiary, Prozone Arcade Pvt Ltd, with an investment of Rs 1.00 lakh for 10,000 equity shares. The Board also approved requests from certain promoter group members to be reclassified as public shareholders, including Ghanshyam Rawat, Vandana Vaidh, Pushpalata Rawat, and Rakesh Rawat Family Trust. The reclassification is subject to regulatory and shareholder approvals.

13Nov 25

Prozone Realty Reports Q2 Net Profit of Rs 341.92 Lakhs, Revenue Dips 5.5%

Prozone Realty Limited announced Q2 FY24 results with net profit soaring to Rs 341.92 lakhs, up from Rs 39.41 lakhs year-over-year, despite a 5.5% decline in revenue to Rs 4,618.77 lakhs. The company faces management challenges with the rejection of its Deputy Managing Director's reappointment and is considering legal action regarding Rs 682.00 lakhs in remuneration. Its subsidiary, Hagwood Commercial Developers, is contesting aviation clearance cancellation for a Nagpur project.

12Nov 25

Prozone Realty Focuses on Mixed-Use Projects in Tier-2 Cities, Reports Stable Q2 FY26 Performance

Prozone Realty Limited is expanding into tier-2 cities with mixed-use projects, focusing on long-term value creation. The company's Q2 FY26 results show stable performance, with a strategic allocation of 75% land for residential and commercial developments (build-and-sell model) and 25% for retail spaces (build-and-lease model). Retail segment maintains high occupancy rates in Ch Sambhaji Nagar (93%) and Coimbatore (96%) malls. Residential projects in Coimbatore and Nagpur are progressing well. Financial highlights for Q2 FY26 include total income of Rs 4,912.29 million, EBITDA of Rs 204.10 million (24% YoY increase), and net profit of Rs 34.20 million.

20Sept 25

Prozone Realty: Four Promoter Group Members Seek Reclassification to Public Category

Four members of Prozone Realty Limited's promoter group have requested reclassification from 'Promoter Group' to 'Public' category. The applicants, including Rakesh Rawat Family Trust, Ghanshyam Rawat, Pushplata Rawat, and Vandana Vaidh, collectively hold about 2.35% of the company's shares. They claim no influence over business decisions or management. Prozone Realty will process these requests as per SEBI regulations, potentially moving 35,87,416 shares to the public category.

14Aug 25

Prozone Realty Reports Strong Q1 Results, Plans Two New Subsidiaries

Prozone Realty Limited announced strong Q1 results with total income rising 18.80% to Rs 3,823.52 crore and a net profit of Rs 378.26 crore, compared to a loss in the previous year. The company's Board approved the incorporation of two wholly-owned subsidiaries, Prozone Dream Realtors Pvt Ltd and Prozone Horizons Pvt Ltd, to expand operations in the construction and real estate sectors. Prozone will invest Rs 1,00,000 in each subsidiary for 10,000 equity shares at Rs 10 per share.

14Aug 25

Prozone Realty Reports Q1 FY26 Profit; Subsidiary Awaits Aviation Clearance for Nagpur Project

Prozone Realty Limited announced its Q1 FY26 results, reporting a consolidated net profit of Rs. 378.26 crore on revenue of Rs. 3,823.52 crore. The leasing segment performed well with a profit of Rs. 1,700.00 crore, while the outright sales segment incurred a loss of Rs. 213.55 crore. The company's Nagpur residential project faces ongoing aviation clearance issues, with the Bombay High Court ordering fresh aeronautical studies. Additionally, the company is addressing leadership changes following the rejection of its Deputy Managing Director's re-appointment by the Ministry of Corporate Affairs.