Godrej Properties Limited has announced a dividend payout of ₹10 per equity share, reflecting a 200% return on face value for the financial year ending March 31, 2026. Additionally, the company confirmed the upcoming retirement of Mr. Nadir Godrej from the Board of Directors. The board also secured approval to raise up to ₹3,000 crore through the issuance of debt securities to support future growth initiatives.
Financial Highlights and Dividend Recommendation
The Board of Directors of Godrej Properties has recommended a dividend of ₹10 per equity share, which translates to a 200% dividend based on the face value of ₹5 per share. This proposal is subject to approval by shareholders at the company’s 41st Annual General Meeting, scheduled for August 04, 2026. Shareholders eligible for this dividend must be identified by the record date of July 28, 2026, with payouts expected before September 03, 2026.
Leadership Transition
The company announced that Mr. Nadir Godrej will retire as a Non-Executive Non-Independent Director. His retirement will take effect upon the conclusion of the 41st Annual General Meeting on August 04, 2026. Mr. Godrej’s decision to step down comes as he approaches his 75th birthday in August. The Board has expressed its deep appreciation for his long-standing guidance and strategic contributions to the company.
Strategic Capital Raising
In a move to strengthen its financial position, the Board has granted enabling approval to raise up to ₹3,000 crore through the issuance of debt securities. This includes non-convertible debentures and bonds, which will be issued on a private placement basis in one or more tranches. A dedicated committee of directors has been authorized to manage the timing, quantum, and specific terms of these issuances to optimize the company’s capital structure.
Source: BSE
