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

Prozone Realty has announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. The company posted a net profit of Rs. 3.78 Cr, a significant turnaround from the Rs. (5.69) Cr loss in the same quarter last year and Rs. (52.95) Cr loss in the previous quarter. Revenue from operations for the quarter stood at Rs. 38.24 Cr.

Separately, the Ministry of Corporate Affairs rejected the re-appointment of the Deputy Managing Director, with Rs. 6.82 Cr in remuneration/advances under review. A subsidiary is also contesting the cancellation of an aviation No-Objection Certificate for its Nagpur project, a matter where management expresses confidence in revalidation, impacting Rs. 68.18 Cr in inventory.