Godrej Properties Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 01, 2025
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Godrej Properties has notified the exchanges about its 40th Annual General Meeting to be held on Friday, August 01, 2025, at 2:30 PM via video conferencing. The AGM will consider adopting audited financial statements for FY25, re-appointing Mr. Pirojsha Godrej as a director (retiring by rotation), and approving the re-appointment of Mr. Gaurav Pandey as Managing Director & CEO for three years from January 01, 2026 to December 31, 2028, with a proposed basic salary range of ₹2.50-5.00 crore per annum plus performance bonuses and stock grants. Other items include appointing M/s BNP and Associates as Secretarial Auditors for five years (FY26-FY30) and ratifying ₹1.41 lakh remuneration for Cost Auditors M/s R. Nanabhoy & Co. The explanatory statement highlights that under Mr. Pandey's leadership, GPL became India's largest listed real estate developer in FY25, with booking value growing 31% in FY25 and 84% in FY24, net profit jumping 93% to ₹1,400 crore, and cumulative booking value reaching ₹84,704 crore since FY20. The company also exceeded its FY25 business development guidance at 132%, adding 14 new projects with expected booking value of ₹26,450 crore.
This is a routine AGM notice, but the re-appointment of Mr. Gaurav Pandey as MD & CEO signals leadership continuity amid strong growth. Shareholders will vote on key resolutions, including the CEO's remuneration structure which ties pay to booking value, profitability, and ROE. Voting results will be announced by August 03, 2025, and the strong performance metrics shared in the explanatory statement may boost investor confidence.