Prozone Realty Limited has announced the approval of a special resolution passed through postal ballot for the disinvestment and sale of its stakes in material subsidiaries, including Kruti Realtors and Developers Private Limited, Alliance Mall Developers Co. Pvt. Ltd., and Empire Mall Private Limited. The company will also hive off identified assets of select subsidiaries into special purpose vehicles (SPVs) for future development. The sale of shareholding in these identified subsidiaries to Inorbit Malls (India) Private Limited or its affiliates is for an aggregate gross consideration of up to approximately ₹1,242.50 Crore. This transaction includes the divestment of the Company's entire shareholding in Kruti Realtors and Developers Private Limited. It also involves the sale of the Company's stake in Alliance Mall Developers Co. Pvt. Ltd. (51.93% directly and 48.05% held by Kruti) and Empire Mall Private Limited (34.71% directly and 65.29% held by Kruti). The assets included in the sale comprise the 'Mall Assets' of Empire, which include a retail mall, commercial office tower, and small-format retail, and Phase 1 of 'Prozone Mall' in Alliance. The 'Land Assets' to be hived off include vacant land parcels retained for future development in both Empire and Alliance. Upon completion of the disinvestment and hiving off, Kruti, Empire, and Alliance will cease to be subsidiaries of Prozone Realty Limited. This announcement supersedes a prior submission made on June 1, 2026, due to an inadvertently attached incorrect annexure. The voting results and scrutinizer's report remain unchanged.
