Please find enclosed outcome of Board Meeting.
GODREJPROP · price
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Godrej Properties Board announced four key decisions at its May 4, 2026 meeting. First, the Board recommended a dividend of ₹10 per equity share (200%) for FY2026, subject to shareholder approval at the AGM. Second, the 41st Annual General Meeting is scheduled for August 4, 2026, with July 28, 2026 as the record date for dividend entitlement. Third, Mr. Nadir Godrej will retire as Non-Executive Non-Independent Director at the AGM upon turning 75 years old. Fourth, the Board approved raising funds up to ₹3,000 crore via issuance of non-convertible debentures, bonds, or other debt securities on a private placement basis.
The dividend recommendation signals healthy financials for FY2026 and provides income to shareholders. The planned debt issuance of up to ₹3,000 crore will increase the company's leverage but supports future growth funding. Director retirement is a routine governance matter.