Prozone Realty sets AGM, outlines growth strategy and leadership reappointments

Prozone Realty Limited has announced its 18th Annual General Meeting (AGM) to be held on Friday, September 26, 2025, at 3:00 p.m. (IST) via video conferencing/other audio-visual means. The company will present its audited financial statements for FY2024-25, alongside its annual report. Key agenda items include the re-appointment of Bipin Gurnani as director and Nikhil Chaturvedi as managing director for a further three-year term, effective February 27, 2026, with an annual salary of Rs. 15,00,000/-. Additionally, M/s HSPN & Associates have been appointed as secretarial auditors for a five-year term from FY2025-26 to FY2029-30.

For FY2025, Prozone Realty reported a total income of INR 2,081.03 lakhs and a profit after tax of INR 360.87 lakhs on a standalone basis. On a consolidated basis, total income was INR 19,121.69 lakhs, with a loss after tax of INR (5,435.93) lakhs, primarily due to a one-time accounting impact from changes in long-term capital gains tax rates.

The company's strategy focuses on a balanced "Build & Sell" model for residential and commercial projects, covering 75% of land parcels, and a "Build & Lease" model for retail assets, comprising 25% of the portfolio. This approach aims to ensure stable, recurring income and strengthen the balance sheet. The company maintains a robust land bank of 15.32 million sq. ft., with 2.10 million sq. ft. developed and 13.23 million sq. ft. under various development stages.