G. G. Dandekar Properties Limited’s Board of Directors has authorized the Executive Director and Chief Financial Officer to proceed with the disposal of approximately 1,800 Sq. mtrs. of unused land situated in Bhiwandi, Thane District. The sale will be conducted at a consideration not less than its fair market value. Further details will be intimated upon transaction execution.
Board Authorizes Land Disposal
The Board of Directors of G. G. Dandekar Properties Limited, in a meeting held on September 1, 2026, has approved the disposal of a parcel of unused land. The land, measuring approximately 1,800 Sq. mtrs., is located at CTS No. 14/1/C, Village Kaneri, Taluka Bhiwandi, District Thane.
Transaction Details
The Board has authorized the company’s Executive Director and/or Chief Financial Officer to undertake the necessary steps for this disposal. A key condition for the sale is that the transaction consideration must not be less than the fair market value of the property. The meeting commenced at 4.38 p.m. and concluded at 4.52 p.m. on the same day.
Future Updates
G. G. Dandekar Properties Limited will provide further details regarding this transaction to the stock exchange once the sale is executed. The company has confirmed its commitment to transparency in its dealings.
Source: BSE
