Godrej Industries Ltd

Godrej Industries Limited – Trading Window closed from October 1, 2026 till 48 (Forty Eight) hours after the declaration of the Unaudited Financial Results for the Quarter and Half Year ending September 30, 2026.

Resolution and outcome

• Resolution (ordinary): Approval as per Postal Ballot Notice dated Aug 13, 2026; deemed passed on Sep 24, 2026.

Target and business

• Godrej Investment Limited (GIVL) is an Unregistered Core Investment Company in India.
• GIVL holds equity in Godrej Capital Limited and Godrej Wealth & Asset Management Limited.

Size and scale

• Paid-up capital ₹4.38 million.
• Consolidated income ₹2,477.72 crore for year ended 31 March 2026.

Related party and ownership

• Related party transaction; GIVL is a wholly owned subsidiary of GIL.
• Transaction is at arm's length.

Industry/sector

• Industry: Core Investment Company (CIC) within Indian financial services.

Rationale and purpose

• Purpose: further cash investment by GIL into GIVL; consolidates group investments.

Regulatory approvals

• Approvals within shareholder-approved limit under Section 186 of the Companies Act, 2013.

Timeline for completion

• Indicative period: Completed.

Consideration and price

• Cash consideration; approximately ₹335 crore.

Shareholding and control

• GIVL to remain wholly owned by GIL (100% stake).

Background of target

• GIVL incorporated on 5 January 2026; turnover ₹2,477.72 crore Jan–Mar 2026.

Sale of GCPL stake

• Godrej Industries sold 0.50% equity stake in GCPL via open market on 24 September 2026.
• Post-transaction holding in GCPL is 23.23%; GCPL remains an associate company.
• Sale consideration received: ₹450.12 crore.
• GCPL's contribution to GIL's consolidated net worth as of 31 March 2026: ₹3,989.08 crore (35.69%).
• GCPL's contribution to consolidated turnover for the last financial year: Nil.

Allotment of Debentures

• 75,000 debentures of ₹1,00,000 each aggregating ₹750 crore issued on private placement.
• Coupon 8.50% p.a., payable annually; tenor 5 years 6 months; maturity 18 March 2032.
• Issuance type: private placement; listing on NSE.
• Deemed allotment date: 18 September 2026; maturity date: 18 March 2032.
• Security: Unsecured.
• Use of proceeds: for business purposes, investments in body corporates, loan repayment, and general corporate purposes.
• Redemption date and price: 18 March 2032 at ₹1,00,000 per NCD.
• Approval by Management Committee on 18 September 2026.

NCD issuance

• Management Committee approved the Key Information Document for up to 75,000 listed unsecured NCDs.
• Aggregate issue size up to ₹750 crore with ₹1 lakh face value per debenture.
• Issuance to be on private placement basis.
• Approval date: 11 September 2026.

KYC updates for physical shareholders

• The company is dispatching KYC/intimation notices to physical-form shareholders per SEBI Master Circular dated Feb 6, 2026.
• Shareholders must provide PAN, KYC, bank details, email, mobile, and nomination information to Computech Sharecap Limited.
• The company notes dematerialization is mandatory; physical shares must be converted to demat form.
• RTA for updates is Computech Sharecap Limited, with forms available on Godrej and Computech websites.
• Pending items include PAN linked to Aadhaar, addresses, mobile, bank details, and e-sign wherever required.
• Submission methods include in-person verification, post, or electronic mode with e-sign.
• The filing reiterates that transfers will not process unless shares are dematerialized.

MoU with Haryana for ₹20,000 crore investment

• MoU signed outlining approx ₹20,000 crore investments in Haryana, with potential to create around 40,000 jobs.

Haryana footprint and jobs

• Group invested ₹12,000 crore in Haryana to date; employs about 9,000 people.

GPL investment plan in Haryana

• GPL to invest ₹16,000 crore in Haryana by FY28; ₹11,000 crore invested to date.

Ventures and Capital activity in Haryana

• Ventures to invest ₹3,500 crore in Grade A+ offices; Capital has five branches and ₹550 crore bookings.

Group scale and outlook

• Revenues USD 7.2B in FY26.
• Market cap USD 19B as of Mar 2026.
• CSR spending about ₹1 crore annually.
• Infrastructure initiatives in Haryana ₹10 crore.

Resolution overview

• Special resolution to re-designate, appoint and remunerate Pirojsha Godrej as Executive Chairperson (WTD), 14 Aug 2026–13 Aug 2031.
• Term: Aug 14, 2026 to Aug 13, 2031, liable to retire by rotation.
• Remuneration: fixed 6.9–12 crore; PLVR base 12–21 crore; total cost 16.1–28 crore plus perquisites.
• Board authorized to execute agreements and related documents.
• Counterparty: Pirojsha Godrej; related party under Listing Regulations; not material per Act.
• Outcome: Pending; results to be declared by Sep 26, 2026.
• Voting window: Aug 26, 2026 to Sep 24, 2026; cut-off date Aug 14, 2026.
• Impact: no change in share capital disclosed.
• Abstention by promoters/related parties: not disclosed.