General Updates

Prozone Realty Limited Dated: 24 August 2026 Scrip Code: PROZONER Scrip Code: 534675 National Stock Exchange of India Limited ~ BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra - Kurla Complex, Bandra (E) Dalal Street Mumbai - 400051 Mumbai - 400001 Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Li Completion of sale of identified subsidiaries Dear Sir/Madam, Further to our earlier intimations under Regulation 30 of the Listing Regulations on this subject on April 28,2026, with respect to the restructuring transactions approved by the Board of Directors of the Company, including the proposed sale of the identified subsidiaries (as provided in the said intimation), we hereby provide the following material update: Completion of Sale of Identified Subsidiaries including material subsidiaries: Following the fulfilment of certain conditions precedent under the definitive transaction documents, the Company has, on 24t August 2026, completed the sale and transfer of the following equity shareholdings to Inorbit Malls (India) Private Limited (‘Purchaser’): a. 100% equity shareholding in M/s Kruti Realtors and Developers Private Limited (‘Kruti’), a wholly owned subsidiary of the Company; b. 51.95% equity shareholding in Alliance Mall Developers Co. Pvt. Ltd. (‘ Alliance’) held by the Company, together with the 48.05% equity shareholding in Alliance held by Kruti; and c. 34.71% equity shareholding in Empire Mall Private Limited (‘Empire’) held by the Company, together with the 65.29% equity shareholding in Empire held by Kruti. Hence, consequent to the transfer of 100% of the Share Capital of Target Company 1 to the Purchaser, the Purchaser has acquired, directly and/or indirectly, 100% of the Share Capital of Target Company 2 and Target Company 3. Further, consequent to the transfer of the entire equity shareholding in Empire, Festivalvalley Developers Put. Ltd. (FVDPL'), a wholly owned subsidiary of Empire, has also ceased to be an indirect subsidiary of the Company. Accordingly, Kruti, Alliance and Empire have ceased to be subsidiaries of the Company, and FVDPL has ceased to be an indirect subsidiary of the Company, with effect from 24 August 2026. The disclosure required under Regulation 30 read with Schedule IIl of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 with regards to FVDPL has been provided under Annexure I hereto and with regards to Alliance, Empire and Kruti, the said disclosure was already furnished with our earlier intimation dated April 28, 2026. All other details disclosed in the said intimation remain unchanged. PROZONE REALTY LIMITED Regd. Office : Unit-A, 2nd Floor, South Tower, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400 099 CIN: L45200MH2007PLC174147 | T:+91 22 6823 9000/ 8001 Email: investorservice@prozonerealty.com | Website: www.prozonerealty.com Prozone Realty Limited Further, please note that the hiving-off of the land assets owned by Alliance and Empire is still under process and the Company is undertaking the necessary steps for completion of the same. The Company shall make further disclosure to the Stock Exchange upon completion of the hiving-off in accordance with the applicable provisions of the SEBI (LODR) Regulations, 2015 accordingly The Company is also pleased to inform that the aggregate gross consideration for the transaction is INR 1,242.50 crore, being the same gross consideration disclosed at the time of announcement of the transaction. The consideration remained unchanged following completion of the Purchaser’s due diligence, and no adjustment has been made to the gross consideration at closing,. Further, as previously disclosed, the transaction relates to the monetisation of the operational mall assets. The balance land parcels identified for hive-off have been retained within the Company’s group through its wholly owned subsidiaries, Hagwood Commercial Developers Private Limited and Prozone Horizons Private Limited (that is, 6.4 acres and 9.82 acres, respectively). Additionally, the Company owns land parcels of around 41 acres at Nagpur through its wholly owned subsidiary (Hagwood Commercial Developers Private Limited) and around 43 acres in Indore through its subsidiary (Omni Infrastructure Private Limited) and also owns 26.82% stake (directly and indirectly) in 9.63 acres real estate project at Oshiwara, Andheri (housed under entity Gajaanan Property Developers Private Limited). Following completion of the transaction, the Company will continue to pursue its real estate development business and evaluate opportunities across the commercial and residential segments, with a focus on the Mumbai Metropolitan Region, in addition to the development of the aforementioned land parcels through the relevant subsidiaries and thereby realise their future development potential. We request you to kindly take the above intimation on record and treat the same as compliance with the applicable provisions of the Listing Regulations. Thanking you, Yours truly, For Prozone Realty Limited |Ajayendra Pratap Jain CS and Chief Compliance Officer Enclosed as above. . PROZONE REALTY LIMITED Regd. Office : Unit-A, 2nd Floor, South Tower, Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400 099 CIN: L45200MH2007PLC174147 | T:+91 22 6823 9000/ 8001 Enail: investorservice@prozonerealty.com | Website: www.prozonerealty.com Prozone Realty Limited Annexure | Festivalvalley Developers Pvt. (LFtdV DPL') Particulars The amountand percentage of the turnover or revenue or income, and net worth contributed by such subsidiary of the Company during the last financial year. | diary of the Company Not applicable, as the FVDPL was not sul during last financial year. Date on which the agreement | Not applicable - as FVDPL is cea: ing as a subsidiar T y of Em . pireasa | for sale has been entered into. | result of transfer of the entire equity shareholding in Empire- 73 |The expected date of | Within 10 working days of completion date or other date(s) as may [ 4) | c C so o um n cp s hil sde aet lri eao /tn di io o sf n os sa r al e le c ./ e id vi es dp os fa rl o. m | N oo f mt‘ ha pd e id rsi ht ei a o Mrn aea s llb ice n Po m rn t iu s h vt i e au d twea ehrl oa Ll lt iy i l o ia yn tg o er a dwe s ,e n td weh he db ie s s ct a u hiw bd e s e i ss n da tl i ht e a h r ie hys oc o lo fp da n r itst h nei ee gqs u C. e o on m mti p pa aal nn t yyo oL‘ fs .a l e FVDPL. 5) | Brief details of buyers and Name of the Buyer: Inorbit Malls (India) Private Limited whether any of the buyers belong to the promoter/ Business of the Buyer: Mall Business tp c hor emo rpm ea oo n ft .ie er s . If g yr eo s,u p/ d g er tao iu lp s | tN ho e, C t oh me p b au nye yr ad no de s n en io tt h eb re l do on eg s t ito bp er lo om no gt te or a/ n yp r go rm oo ut pe r c og mr po au rp l o if es of the Company. 6) | Whether the transaction | No, the transaction is nota related party transaction. would fall within related | party transactions? If yes, whether the same is done at “arm’s length. 7) | Whether the sale, lease or Not Applicable. disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. | 8) | Additionally, in case of a| Not Applicable, as the transaction is not a Slump Sale. slump sale, indicative disclosures ~ provided ~ for amalgamation/merger, shall be disclosed by the listed | entity with respect to such slump sale. l\ O‘& REA*'/\ Q(mumeAl g ()((/ PROZONE REALTY LIMITED Regd. Office - Unit-A, 2nd Floor, South Tower, Hote Sahara Star, Opposite Domestic Airport, Vile Parle (East), Mumbai 400 099 CIN: L45200MH2007PLC174147 | T:+91 22 6823 9000/ 9001 Email: investorsevice@prozonereally.com | Website: www.prozonerealty.com