Godrej Properties Limited has informed the Exchange regarding Change in Auditors of the company.
GODREJPROP · price
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Godrej Properties' board approved raising up to Rs. 2,000 crore through non-convertible debentures, bonds, or other debt securities on a private placement basis, in one or more tranches. Mr. Gaurav Pandey was re-appointed as Managing Director and CEO for a further three years effective January 1, 2026, subject to shareholder approval. The 40th Annual General Meeting has been scheduled for August 1, 2025. Additionally, M/s BNP and Associates has been appointed as the new secretarial auditor for five years (FY2025-26 to FY2029-30), replacing M/s A.K. Jain & Co. which ceased with effect from May 2, 2025.
The Rs. 2,000 crore debt raise will boost the company's funding capacity to support growth in its real estate business. CEO re-appointment signals leadership continuity, while the change in secretarial auditor appears to be a routine governance rotation rather than a disruptive event.