Intimation further to previous intimations dated 6th November 2025 and 13th November 2025, regarding the buy-back of shares announced by the unlisted associate company - Navasasyam Dandekar ....
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.5 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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G. G. Dandekar Properties Ltd completed the sale of 30,730 equity shares back to its unlisted associate company, Navasasyam Dandekar Private Limited, at INR 756 per share. Total consideration of INR 2.32 crores was received on 27 November 2025. As a result, the company's stake in the associate drops from 49% to about 33.31%, although Navasasyam Dandekar continues to remain classified as an associate company. The transaction will book a pre-tax profit of INR 2.32 crores, increase net worth by the same amount, and add roughly INR 2.09 crores to the bank balance after adjusting for the reduction in investment value.
Shareholders see a one-time profit boost of INR 2.32 crores and improved cash position, with no change to promoter holdings, public holdings, or capital structure. The reduced stake in the associate modestly trims the company's investment portfolio but keeps the relationship as an associate.