Intimation pursant to regulation 30 of the SEBI (LODR) Regulations - with respect to the shareholding in the Associate company.
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G. G. Dandekar Properties Ltd informed BSE that its Board, via a circular resolution on 23 July 2025, approved sending a letter to its associate company Navasasyam Dandekar Private Limited (NDPL) requesting the conversion of 14,989 Compulsorily Convertible Preference Shares (CCPS) into equity shares on a 1:1 basis. The conversion terms are based on Schedule B of the Amendment to the Shareholders Agreement dated 8 March 2021. The request letter was dispatched to NDPL on 24 July 2025. The company stated it will make a further disclosure once the conversion actually happens and results in a change to its shareholding percentage in NDPL.
There is no immediate impact on G. G. Dandekar Properties' shareholders or stock price, as this concerns a potential capital restructuring in an unlisted associate company. A future update is expected only if the conversion goes through and alters the company's holding in NDPL.