Godrej Properties Limited has informed the Exchange regarding Outcome of Board Meeting held on May 04, 2026.
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Godrej Properties Board announced a dividend recommendation of Rs.10 per equity share (200% of face value Rs.5) for FY 2026, subject to shareholder approval at the 41st AGM. The company will hold its 41st AGM on August 4, 2026, with July 28, 2026 as the record date for determining dividend eligibility. Long-serving Director Mr. Nadir Godrej will retire effective from the conclusion of the AGM upon reaching age 75. Additionally, the Board approved raising funds up to Rs.3,000 crore through issuance of Non-Convertible Debentures, Bonds and/or other Debt Securities on a private placement basis.
The dividend recommendation signals financial health and shareholder returns, while the planned debt issuance provides funding flexibility for the company's operations. The retirement of a key founding family member is a notable board change.