Prozone Realty to strike off wholly-owned subsidiary Probliss Realty

Prozone Realty Limited's board of directors approved the application for strike-off of its wholly-owned subsidiary, Probliss Realty Private Limited, from the Registrar of Companies, Mumbai. The announcement was made on October 29, 2025, in compliance with SEBI LODR Regulations, 2015.

Probliss Realty Private Limited became a subsidiary on April 15, 2025, and has no revenue or business operations. The strike-off process is expected to take two to three months, pending regulatory approvals. Prozone Realty clarified that the subsidiary is not considered an undertaking as per section 180(1)(a) of the Companies Act 2013, and no consideration was received for its disposal.