Godrej Properties Limited has informed the Exchange regarding Change in Director(s) of the company.

GODREJPROP · price

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Price reaction · full curve 14 horizons · vs prior close

-1.1%1-day move

₹1832.00

prior close

₹1902.40

base price

In-mkt

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-0.4-0.8-0.5-1.6-1.1+2.0+2.5+2.3-2.3-5.7-3.5-7.5+11.7—

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AI summary

Godrej Properties' Board announced a dividend of ₹10 per equity share (200%) for FY2026, subject to shareholder approval at the 41st AGM on August 04, 2026. The record date for dividend entitlement is July 28, 2026, with payment to eligible shareholders by September 03, 2026. Mr. Nadir Godrej will retire as Non-Executive Non-Independent Director effective from the conclusion of the AGM, citing his attainment of 75 years of age. The Board also approved raising funds up to ₹3,000 crore through issuance of Non-Convertible Debentures, Bonds and/or other Debt Securities on a private placement basis.

Likely market impact

The retirement of Mr. Nadir Godrej appears routine and age-related with no governance concerns flagged. The dividend and debt fundraising approval are positive signals for shareholder returns and future capital deployment.