Godrej Properties Limited has informed the Exchange that Board of Directors at its meeting held on May 04, 2026, recommended Final Dividend of Rs. 10 per equity share.
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On the reaction day the stock moved 4.0 pts more than Nifty Midcap 150 and 3.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Godrej Properties Board recommended a final dividend of Rs. 10 per equity share (200% of face value Rs. 5) for FY2026, subject to shareholder approval at the 41st AGM on August 4, 2026. The record date for dividend entitlement is July 28, 2026, with payment to be made before September 3, 2026. Mr. Nadir Godrej will retire as Non-Executive Non-Independent Director at the conclusion of the AGM upon attaining age 75. The Board also approved raising up to Rs. 3,000 crore through debt securities (NCDs, Bonds) via private placement.
The dividend of Rs. 10 per share signals continued shareholder returns but investors should note the upcoming director retirement and substantial debt fundraising plan which could impact capital structure.