Godrej Properties Ltd

Godrej Properties Ltd. (GPL) has won the bid for a 23.2-acre residential land parcel in Greater Noida through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited. GPL plans to develop a residential group housing project on the land, expecting a revenue potential of over ₹7,000 crore. The project is strategically located in DMIC integrated township, Greater Noida, with strong connectivity to key expressways and the upcoming Noida International Airport.

Godrej Properties Ltd (GPL) has partnered with Tata Projects for construction contracts worth approximately ₹1,100 crore across three luxury residential projects - Godrej Sora, Godrej Astra, and Godrej Samaris - located along Golf Course Road in Gurgaon. This marks the largest single construction contract award by Godrej Properties to date and the first collaboration between the two companies. The partnership aims to enhance delivery timelines, construction excellence, and on-ground efficiency for these premium developments.

Godrej Properties Ltd has submitted a monitoring agency report by ICRA Limited regarding the utilization of proceeds from a Qualified Institutional Placement (QIP) for the quarter ended March 31, 2026. The report confirms that there were no deviations from the stated objectives of the issue, and the utilization of proceeds is in line with the intended purposes. The net proceeds from the issue were INR 5,921.00 Crore, a revision from the initially estimated INR 5,915.00 Crore due to lower offer-related expenditures.

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.

Godrej Properties Ltd (GPL) has recommended a dividend of ₹10 per equity share (200%) for FY26, subject to shareholder approval at the 41st Annual General Meeting (AGM) scheduled for August 4, 2026. The record date for dividend entitlement is July 28, 2026, with payment before September 3, 2026. Mr. Nadir Godrej will retire as Non-Executive Non-Independent Director at the AGM. The board also approved raising up to ₹3,000 crore through debt securities.

Godrej Properties Ltd's board approved a dividend of ₹10 per share (200%) for FY26, subject to shareholder approval at the AGM on August 4, 2026. The record date for dividend eligibility is July 28, 2026, with payment before September 3, 2026. Nadir Godrej will retire as Non-Executive Non-Independent Director after the AGM. The board also approved raising up to ₹3,000 crore via debt securities.

Godrej Properties Ltd (GPL) reported its highest-ever annual net profit of ₹1,850 crore for FY26, a 32% YoY increase. Q4 net profit rose 70% to ₹650 crore, also a record. The board recommended a dividend of ₹10 per share (200%) for FY26. GPL achieved record business development, bookings, collections, and operating cash flow. Booking value grew 16% YoY to ₹34,171 crore in FY26, with Q4 at ₹10,163 crore. Collections increased 17% YoY to ₹19,965 crore in FY26, with Q4 at ₹7,947 crore. Operating cash flow for FY26 was ₹7,830 crore, up 5% YoY.

Godrej Properties Ltd. announced the approval of audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during its Board of Directors meeting on May 04, 2026. The results, reviewed by the Audit Committee, include financial statements for the fiscal year ended March 31, 2026. The Statutory Auditors, B S R & Co LLP, issued unmodified audit reports on both standalone and consolidated financial results for FY26. The board meeting commenced at 12:00 noon, and the financial results were approved at 12:15 p.m.

Godrej Properties Ltd (GPL) has announced significant changes in its Senior Management Personnel. Mr. Lalit Makhijani, the Chief Sales, Marketing and Customer Centricity Officer, has tendered his resignation, effective from the close of business hours on June 30, 2026. He will be succeeded by Mr. Subhasish Pattanaik, currently the Zonal CEO – West East, who will assume the role of Chief Sales, Marketing and Customer Centricity Officer from July 01, 2026. Mr. Pattanaik, a GPL veteran since 2008, has a strong track record, including leading the West East Zone to market leadership in Pune. Concurrently, Mr. Mayank Poddar, who currently serves as the Head – Strategic Initiatives, has been appointed as the new Zonal CEO – West East, also effective July 01, 2026. Mr. Poddar brings over 16 years of experience and has been instrumental in driving high-impact strategic initiatives at GPL since 2014.

Godrej Properties Ltd (GPL) has scheduled a Board of Directors meeting for May 04, 2026. The agenda includes considering and approving the audited standalone and consolidated financial results and statements for the quarter and financial year ended March 31, 2026. The Board will also consider recommending a dividend for the same financial year and discuss raising funds through debt securities via private placement. Additionally, matters related to the upcoming Annual General Meeting will be addressed. The trading window for the company's securities will be closed from April 01, 2026, to May 06, 2026, for designated persons.