The Board of Directors of G. G. Dandekar Properties Ltd. has approved the disposal of unused land measuring approximately 1,800 Sq. mtrs. situated in Bhiwandi, Thane district. The Executive Director and Chief Financial Officer are authorized to proceed with the sale, ensuring the transaction is at or above the fair market value. Further details will be provided upon execution of the transaction. The board meeting commenced at 4:38 p.m. and concluded at 4:52 p.m. on September 1, 2026.
Board Authorizes Land Sale
In a meeting held on Tuesday, September 1, 2026, the Board of Directors of G. G. Dandekar Properties Ltd. has passed a resolution to dispose of a parcel of unused land. The property in question is located at Bhiwandi, specifically bearing CTS No. 14/1/C, Village Kaneri, Taluka Bhiwandi, in the Thane District. The land area is approximately 1,800 square meters.
Key Approvals and Terms
The Board has empowered the Executive Director and/or the Chief Financial Officer of the Company to undertake all necessary steps for this disposal. A key condition stipulated by the Board is that the sale consideration must not be less than the fair market value of the land. This strategic decision aims to optimize the company’s asset portfolio.
Further Disclosures
G. G. Dandekar Properties Ltd. has committed to informing the stock exchange about further details concerning this transaction as and when it is executed. The Board meeting, which began at 4:38 p.m., concluded efficiently at 4:52 p.m. on the same day.
Source: BSE
