Godrej Properties Limited announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has approved the selective reduction of equity share capital of its step-down subsidiary, Godrej Redevelopers (Mumbai) Private Limited (GRMPL). This approval involves the cancellation of 47.32% equity stake held by Shubh Properties Cooperatief U.A. without consideration. Consequently, Godrej Properties’ shareholding in GRMPL is expected to increase from 51% to 96.81% upon completion of the filings.
NCLT Approves Subsidiary Capital Reduction
Godrej Properties Limited has received approval from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, for the selective reduction of equity share capital of its step-down subsidiary, Godrej Redevelopers (Mumbai) Private Limited (GRMPL). The order, dated August 25, 2026, permits the cancellation and extinguishment of 47.32% equity stake held by Shubh Properties Cooperatief U.A. without any consideration.
Increased Shareholding in Subsidiary
This corporate restructuring will lead to a significant increase in Godrej Properties’ effective shareholding in GRMPL. Upon the filing of the NCLT order with the Registrar of Companies (RoC), GRMPL’s equity share capital will be reduced. As a result, the shareholding of Godrej Projects Development Limited (GPDL), a wholly owned subsidiary of Godrej Properties, in GRMPL is set to rise from the current 51% to 96.81%. GRMPL is engaged in real estate development activities in India.
Source: BSE
