Godrej Properties Ltd. has announced a recommended dividend of ₹10 per equity share (200%) for the financial year ended March 31, 2026. The board has also approved the raising of funds through debt securities up to ₹3,000 crore. Furthermore, the company noted the retirement of Mr. Nadir Godrej as a Non-Executive Non-Independent Director, effective from the conclusion of the upcoming 41st Annual General Meeting on August 04, 2026.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹10 per equity share, representing a 200% payout on the face value of ₹5 each for the financial year concluded on March 31, 2026. The payment of this dividend remains subject to approval by shareholders at the company’s 41st Annual General Meeting (AGM). Eligible shareholders, determined as of the record date of July 28, 2026, can expect the dividend to be disbursed before September 03, 2026.
Strategic Fund Raising
In a move to strengthen its capital position, the Board has granted approval to raise funds through the issuance of non-convertible debentures, bonds, or other debt securities on a private placement basis. The company is authorized to raise up to ₹3,000 crore in one or more tranches. A dedicated committee of directors has been appointed to oversee the timing, quantum, and specific terms and conditions of these debt instruments.
Changes to the Board
The company confirmed the retirement of Mr. Nadir Godrej from his role as a Non-Executive Non-Independent Director. Mr. Godrej, who will turn 75 in August 2026, has decided to step down effective from the conclusion of the 41st AGM scheduled for August 04, 2026. The Board expressed its sincere appreciation for his strategic guidance and support during his tenure.
Annual General Meeting Details
Godrej Properties has officially scheduled its 41st Annual General Meeting for Tuesday, August 04, 2026, at 02:30 p.m. This meeting will serve as the venue for shareholder voting on the proposed dividend and will mark the transition in the company’s board composition.
Source: BSE
