Godrej Properties Ltd. has announced a dividend of ₹10 per equity share (200% of face value) for the fiscal year ended March 31, 2026. Additionally, the company confirmed the upcoming retirement of Mr. Nadir Godrej as a Non-Executive Non-Independent Director. The board also approved an enabling resolution to raise up to ₹3,000 crore through the issuance of debt securities to support future operations and strategic growth initiatives.
Dividend Recommendation
Following the meeting of the Board of Directors held on May 4, 2026, the company has recommended a dividend of ₹10 per equity share, representing 200% of the ₹5 face value for the financial year ended March 31, 2026. The payout is subject to shareholder approval at the upcoming 41st Annual General Meeting.
Annual General Meeting and Key Dates
The company has scheduled its 41st Annual General Meeting for Tuesday, August 4, 2026, at 02:30 p.m. Investors should note that the record date for determining eligibility for the dividend is Tuesday, July 28, 2026. Eligible shareholders can expect the dividend payment to be processed before Thursday, September 3, 2026.
Leadership Transition
The board acknowledged the retirement of Mr. Nadir Godrej, who will step down as a Non-Executive Non-Independent Director effective from the conclusion of the 41st Annual General Meeting. The company has expressed its deep appreciation for his strategic guidance and support during his tenure.
Debt Financing Strategy
To bolster its financial flexibility, the Board has granted approval to raise funds of up to ₹3,000 crore through the private placement of non-convertible debentures, bonds, or other debt securities. The company has authorized a committee to oversee the quantum, timing, and specific terms of these issuances to optimize its capital structure.
Source: BSE
