Please find attached the intimation of material information related to the change in shares held by the Company in its Associate company - Navasasyam Dandekar Private Limited. Intimation ....
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G. G. Dandekar Properties Ltd has converted 14,989 Compulsorily Convertible Preference Shares (CCPS) held in its associate company, Navasasyam Dandekar Private Limited (NDPL), into equity shares on a 1:1 basis. The conversion was approved by NDPL's Board on 4 August 2025 under the terms of the original CCPS issue, as per the amended Shareholders Agreement dated 8 March 2021. After the conversion, G. G. Dandekar holds 63,989 equity shares (49%) in NDPL, with CCPS holdings reduced to zero. NDPL continues to remain classified as an Associate Company of G. G. Dandekar Properties Ltd.
This is a routine, pre-agreed conversion of preference shares into equity in an associate company and does not change the company's economic interest or associate status. It is a neutral event for shareholders with no expected impact on the stock price.