Prozone Realty Limited
Incorporated in 2007, Prozone Realty Ltd is in the business of developing, owning and operating of Shopping Malls, Commercial and Residential Premises and providing related management consultancy services
What Prozone files
- Others44
- Important40
- Board Meeting14
- Updates8
- JV/Acquisition6
- Results2
Prozone Realty completed the sale of subsidiaries Kruti, Alliance, Empire, and FVDPL for a gross consideration of INR 1,242.50 Cr. This monetizes operational mall assets, allowing the company to focus on its retained land parcels and new real estate development opportunities.
Prozone Realty sold two mall assets for 1,242.5 Cr, generating 800 Cr+ cash for high-value MMR projects. Q1 FY27 total PAT was 1.30 Cr. Retail sales hit 240 Cr, with high occupancy. Residential projects saw collections of 17.7 Cr.
Prozone Realty increased its stake in Hagwood Commercial Developers by 2.59%, making it a direct wholly-owned subsidiary. This move consolidates full ownership and control, streamlining future operations.
Prozone Realty sold its Ch Sambhaji Nagar & Coimbatore malls for INR 1,242.5 Cr, pivoting to MMR. FY26 net profit hit Rs 17.89 Cr (vs. loss FY25), with EBITDA up 63% to Rs 93.9 Cr. Q4 retail sales were Rs 204 Cr, showing strong operational results.
Prozone Realty acquires additional stakes in Hagwood (38.5%), Alliance (38.5%), and Empire (65.29%), consolidating its real estate portfolio. These cash acquisitions strengthen ownership in mall and commercial developers, aligning with core business strategy. Total acquisition cost: $32.14 million.