Prozone Realty seeks shareholder approval via postal ballot for disinvestment of material subsidiaries holding mall assets.
Proposal includes sale of 100% stake in Kruti, Alliance, and Empire to Inorbit Malls for up to ₹1,242.50 crores.
Transaction requires hive-off of land assets to separate SPVs to retain future development potential for the company.
Remote e-voting period runs from April 30 to May 29, 2026, with results declaration by June 2, 2026.