Prozone Realty Limited — JV/Acquisition, 21-07-2026: Acquisition

Prozone Realty's step-down subsidiary, Empire Mall, has acquired a 100% stake in Festivalvalley Developers Private Limited (FVDPL) for INR 0.01 Cr. FVDPL, a real estate development firm, reported nil turnover and a negative net worth of Rs. (2,724.10) in FY2026. This acquisition aligns with Prozone's objective of expanding its real estate business and related investments. The deal is minimal in size, indicating FVDPL is likely an early-stage entity, possibly for future project development or to secure land holdings. Investors should note the target's current financial dormancy.