Business Update Positive

2026-10-11 14:28

Godrej Properties and RC Group, in partnership with BMC, inaugurated the newly developed pedestrian corridor along LK Mehta Marg as part of the Bandra Bay Beautification Initiative. This marks the first completed public infrastructure project under the larger plan to develop a green, walkable waterfront featuring public amenities.

Business Update Positive

2026-10-07 17:49

BMC partnered with Godrej Properties and RC Group to develop the first phase of 'The Bayside Promenade' at Bandra Bay. - The project includes a walking track, landscaped garden, and lifestyle hub featuring a pet park, literature zone, and amphitheatre. - A second phase will introduce a mini golf course and a dedicated activity/sports zone.

Governance Neutral

2026-10-05 16:33

- Board meeting scheduled on Friday, October 23, 2026. - Agenda: Consider and approve Unaudited Standalone and Consolidated Financial Results for Q2 and half year ended September 30, 2026. - Trading window closed from October 01, 2026 to October 25, 2026.

Business Update Negative

2026-10-01 20:02

CRITICAL RED FLAG DETECTED

- Godrej Properties received a letter from MoEFCC revoking the Environmental Clearance for its commercial building project 'Godrej Eternia' in Chandigarh. - The revocation is based on allegations that the project falls within 10 km of the Sukhna Wildlife Sanctuary without NBWL clearance. - The company denies the allegations, stating the project is located 6.6 km away, well outside the notified 2.75 km ESZ. - The company has appealed against the order before the National Green Tribunal (NGT).

Business Update Positive

2026-09-28 06:17

- Godrej Properties has entered into a development agreement for a prime ~2.5-acre land parcel in Marine Lines, South Mumbai. - The proposed luxury housing project has an estimated overall revenue potential of approximately ₹6,000 crore. - The location offers strong connectivity and strategic advantage along Mumbai's iconic coastline and Coastal Road.

Business Update Positive

2026-09-23 15:38

- Godrej Properties Ltd. celebrated the 100th home handover at Godrej Nest, Sector 150, Noida, with 'Shubh Aarambh'. - Actor Sanya Malhotra surprised the 100th family during the handover. - The company has delivered over 3,000 homes in Delhi-NCR in the last 12 months, including 120 recent handovers at Godrej Nest.

Governance Neutral

2026-09-21 15:44

- Godrej Properties Limited announced the results of the remote e-Voting (Postal Ballot) for the special business transacted through a Notice dated August 13, 2026. - The resolution for the re-designation of Pirojsha Godrej as Non-Executive Non-Independent Director and Chairperson of the Company was approved by members with a 99.61% vote in favour. - The voting concluded on September 19, 2026.

Governance Neutral

2026-09-21 15:41

- Results of remote e-Voting on the special business transacted through Postal Ballot dated August 13, 2026, for the re-designation of Pirojsha Godrej as Non-Executive Non-Independent Director and Chairperson of the Company. - The resolution was approved by members with the requisite majority (99.61% in favor). - The voting concluded on September 19, 2026.

Business Update Positive

2026-09-19 13:22

- Godrej Properties announced the opening of a new 24-metre-wide government road in Gurugram, linking Sector 49 to the Southern Peripheral Road (SPR). This infrastructure, built with the Haryana government, improves connectivity and enhances Godrej Aristocrat's location advantage.

Governance Positive

2026-09-18 16:53

- Nomination and Remuneration Committee approved the grant of 1,238 stock options to eligible employees under GPL ESGS at an exercise price of ₹5 per option, vesting over three years. - Noted the lapse of 985 previously issued stock grants under GPL ESGS.

Business Update Positive

2026-09-10 17:45

- Godrej Properties settled disputes with Orris Infrastructure Private Limited concerning the Godrej Air Project, Gurugram, via a Settlement Agreement dated August 25, 2026. - The Hon'ble Bombay High Court has listed the matter for compliance reporting on September 24, 2026. - The estimated financial impact of this settlement on the company is approximately INR 70 crore. - The company will update public disclosure upon completion of actions under the Settlement Agreement.

Business Update Positive

2026-09-02 16:24

- ICRA Limited reaffirmed and assigned credit ratings for Godrej Properties Ltd. on September 02, 2026. - Non-Convertible Debentures rated [ICRA]AA+ (Stable) for ₹5,250 Cr. - Commercial Paper rated [ICRA]A1+ for an enhanced amount of ₹4,000 Cr (from ₹3,500 Cr). - Long/Short Term Bank Facilities rated [ICRA]AA+ (Stable) and [ICRA]A1+ for an enhanced amount of ₹13,000 Cr (from ₹11,000 Cr).

Business Update Positive

2026-08-29 20:22

- Godrej Properties launched four international-standard indoor padel courts and a 9-hole golf course at Godrej City, Panvel on August 29, 2026. - This development, part of a 145-acre mixed-use township, also includes a new phase of 3 and 4 bed Sky Villas.

Business Update Positive

2026-08-26 14:53

- India Ratings and Research Private Limited affirmed/assigned credit ratings for Godrej Properties Ltd. - Commercial Paper rating: IND A1+ for ₹4,000 crore (enhanced from ₹3,500 crore). - Non-Convertible Debentures rating: IND AA+ (Stable) for ₹4,500 crore (Affirmed).

Governance Positive

2026-08-25 18:59

- NCLT approved the selective reduction of equity share capital of Godrej Redevelopers (Mumbai) Private Limited (GRMPL), a step-down subsidiary. - 47.32% equity stake held by Shubh Properties Coöperatief U.A. was cancelled without consideration. - Godrej Projects Development Limited's (GPDL) shareholding in GRMPL will increase from 51% to 96.81%.

Governance Neutral

2026-08-20 11:55

- Postal Ballot Notice issued for the re-designation of Pirojsha Godrej (DIN: 00432983). - Pirojsha Godrej to be re-designated as Non-Executive Non-Independent Director and Chairperson of the Company, effective August 14, 2026, as part of a planned generational transition. - Consequent to this re-designation, he ceased to be a Key Managerial Personnel (KMP) of the Company. - Remote e-Voting will be available from August 21, 2026, to September 19, 2026. - Results of the Postal Ballot will be declared on or before September 21, 2026.

Governance Positive

2026-08-13 13:28

- Godrej Properties Ltd. announced the re-designation of Pirojsha Godrej from Whole-time Director (Executive Chairperson) to Non-Executive Non-Independent Director and Chairperson of the Company, effective August 14, 2026. - He will cease to be a Key Managerial Personnel of Godrej Properties. - This transition is part of a planned generational shift, with Pirojsha Godrej assuming broader leadership roles as Executive Chairperson of Godrej Industries Limited and Chairperson of the Godrej Industries Group, while continuing to provide strategic guidance to Godrej Properties.

Ownership Neutral

2026-08-11 14:48

- On August 11, 2026, 535 stock grants were exercised by employees under the Godrej Properties Limited Employees Stock Grant Scheme, 2011, resulting in the allotment of 535 Equity Shares of face value Rs. 5 each. - Consequently, the company's issued, subscribed, and paid-up capital increased to Rs.1,50,61,32,485, comprising 30,12,26,497 equity shares of Rs. 5 each.

Business Update Positive

2026-08-10 18:43

- NCLT Mumbai sanctioned the Scheme of Amalgamation of Embellish Houses Private Limited (Transferor Company) with Godrej Properties Limited (Transferee Company). - The Scheme became effective on August 10, 2026, with an Appointed Date of November 01, 2025. - Benefits include consolidation of real estate business, streamlined group structure, operational efficiency, and cost reduction.

Governance Neutral

2026-08-04 16:29

CRITICAL RED FLAG DETECTED

- The 41st Annual General Meeting (AGM) was held on August 04, 2026. - A dividend of ₹10 (200%) per equity share was declared for the financial year ended March 31, 2026. - Members approved the waiver for recovery of excess managerial remuneration paid to the Executive Chairperson for FY 2025-26. - The company also approved not to fill the vacancy caused by the retirement of Mr. Nadir Godrej.

Financials Negative

2026-08-04 11:44

- Consolidated Total Income ₹1,337 Cr vs ₹1,593 Cr (▼16% YoY) - EBITDA ₹545 Cr vs ₹915 Cr (▼40% YoY) - PAT ₹350 Cr vs ₹600 Cr (▼42% YoY) - EBITDA Margin 40.76% vs 57.44% (▼1668bps)

Business Update Positive

2026-08-04 11:41

- Board of Directors approved the Scheme of Amalgamation of Godrej Housing Projects Private Limited (GHPPL) with Godrej Properties Limited (GPL) on August 04, 2026. - GHPPL is an indirect wholly-owned subsidiary of GPL. - Rationale includes consolidating real estate business, streamlining group structure, and improving operational efficiency. - The scheme will not result in any change to GPL's shareholding pattern.

Financials Negative

2026-08-04 11:29

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹506.17 Cr vs ₹434.56 Cr (▲16.5% YoY) - EBITDA ₹-293.5 Cr vs ₹-270.48 Cr (worsened by 8.5% YoY) - PAT ₹349.38 Cr vs ₹598.40 Cr (▼41.6% YoY) - EBITDA Margin -21.82% vs -16.69% (worsened by 513 bps)

533150

Godrej Properties Ltd

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