Godrej Properties Limited has informed the Exchange about date of Annual General Meeting
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Godrej Properties' Board has recommended a dividend of ₹10 per equity share (200% of face value ₹5) for FY2026, subject to shareholder approval at the 41st AGM scheduled for August 4, 2026. The record date for dividend entitlement is July 28, 2026, with payment to eligible shareholders before September 3, 2026. Founder family member Mr. Nadir Godrej will retire as Non-Executive Non-Independent Director from the conclusion of the AGM upon attaining age 75. Additionally, the Board has 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.
The dividend recommendation signals financial health and shareholder-friendly approach. The retirement of a senior Godrej family member marks a leadership transition. The ₹3,000 crore debt-raising approval provides capital for future growth but may increase leverage.