Board Meeting4 May 2026, 01:26 pm
GPL: Nadir Godrej Retires, ₹10 Dividend, ₹3,000 Cr Debt Raise
AI Summary
Godrej Properties Ltd (GPL) announced the retirement of Mr. Nadir Godrej as Non-Executive Non-Independent Director effective August 4, 2026, following the 41st Annual General Meeting (AGM). The board recommended a dividend of ₹10 per equity share (200%) for FY26, subject to shareholder approval at the AGM scheduled for August 4, 2026. The record date for the dividend is July 28, 2026, with payment before September 3, 2026. Additionally, the board approved raising up to ₹3,000 crore through debt securities on a private placement basis.
Key Highlights
- Nadir Godrej to retire as Non-Executive Non-Independent Director on August 4, 2026.
- GPL recommends ₹10 dividend per share for FY26, pending shareholder approval.
- Record date for dividend eligibility is set for July 28, 2026.
- Board approves raising up to ₹3,000 crore via debt securities.
- 41st Annual General Meeting scheduled for August 4, 2026.
Price Impact
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