Prozone Realty Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

Prozone Realty's Board has approved the financial results for the quarter. Consolidated revenue from operations grew to ₹38.24 Cr from ₹32.19 Cr year-on-year. The company reported a net profit of ₹3.78 Cr for the quarter, a strong reversal from a ₹5.69 Cr loss in the prior year.

Key updates include a subsidiary's ongoing efforts to revalidate a crucial NOC for its Nagpur project, impacting ₹68.18 Cr of inventory. Management is optimistic following a High Court order for relevant studies. Separately, the company is evaluating recourse regarding ₹6.82 Cr in remuneration paid after its Deputy MD's re-appointment was rejected by the MCA.