Shareholders approve sale of three material subsidiaries

Core Business DivestedStrategic Transactions View source PDF Explain this filing

PROZONER · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹50.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-0.2% vs market

Real Estate related services peers, median of 5sector-1.9%+2.7% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 2.7 pts more than its Real Estate related services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Real Estate related services peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Prozone Realty shareholders approved sale or disinvestment of three material subsidiaries via postal ballot with 99.89 percent votes in favour. Kruti sold to Inorbit Malls (India) for up to about Rs. 1,242.50 Crores. Alliance transferred to fellow subsidiary Prozone Horizons for about Rs. 44 Crores. Empire sold to fellow subsidiary Hagwood Commercial Developers for about Rs. 13 Crores. Alliance and Empire together contributed about 68 percent of turnover and 54 percent of net worth in FY25.

Likely market impact

Large divestment of subsidiaries making up over two-thirds of turnover; biggest deal is Kruti sale to Inorbit Malls at about Rs. 1,242.50 Crores.