Godrej Properties Ltd

Development details

• Development agreement for a ~2.5-acre land parcel in Marine Lines, South Mumbai.
• Luxury housing project planned with estimated revenue potential of ~INR 6,000 crore, basis current assumptions.
• Marine Lines is a prestigious address with limited land and strong demand for premium residences.
• Recent premium projects in Worli and Mahalaxmi have seen encouraging response, validating South Mumbai demand.

Operational highlights

• 100th home handover at Godrej Nest, Noida, as part of Shubh Aarambh.
• Delivered over 3,000 homes in Delhi-NCR in the last 12 months.
• 120 families received keys to their Godrej Nest homes in recent weeks.

Resolution: re-designation of chairperson

• Purpose: re-designate Pirojsha Godrej as Non-Executive Non-Independent Director and Chairperson.
• Type: Ordinary resolution approving director designation.
• Record date: 14-08-2026.
• Outcome: 99.61% assent, 0.39% dissent; 24,95,21,866 votes.
• Result: passed by requisite majority.

Resolution 1 (Ordinary)

• Purpose: Ordinary resolution to re-designate Pirojsha Godrej as Non-Executive Non-Independent Director and Chairperson.
• Result: Approved with 99.61% in favour; 0.39% against; abstentions 23,021.
• Record date 14-08-2026; last voting date 19-09-2026.

Infrastructure update

• GPL opened a 24-metre-wide government road linking Sector 49 with the SPR in Gurugram.
• Inaugurated by Rao Narbir Singh; open for public use, improving last-mile connectivity.

Stock grants approved

• N&RC approved the GPL ESGS stock grant of 1,238 options via circular resolution on Sep 18, 2026.
• Exercise price ₹5 per option, enabling one share per option.
• Options vest over three years and exercisable within one month of vesting.
• Vesting period and exercise window to be determined by N&RC.

Lapse of stock grants

• Lapse noted for 985 GPL ESGS stock grants; no remaining rights.

GPL ESGS Grant Update

• Approved grant of 1,238 stock options at ₹5; vest over 3 years, exercisable within 1 month of vesting.
• Noting lapse of 985 GPL ESGS stock grants; affected employees have no claim.

Meeting Details

• Date: Tuesday, September 22, 2026; time not disclosed.
• Type: 1-on-1/Group Meeting; Mode: Physical; Place: Mumbai.
• Event/Organizer: JP Morgan India Conference 2026.

Participants

• Key company participants: officials from the company (e.g., Company Secretary).

Purpose

• Purpose: Analyst/Investors Meet; presentation of latest quarterly investor presentation.

Additional Notes

• Latest quarterly investor presentation hosted on the company's website will be presented.

Settlement with Orris Infrastructure

• Settlement Agreement dated Aug 25, 2026 settles disputes related to Godrej Air Project, Gurugram, benefiting homebuyers.
• Actions under the Settlement Agreement are being implemented; completion not yet achieved.
• Hon'ble Bombay High Court order dated Sept 3, 2026 records execution of the Settlement Agreement.
• Court has listed compliance reporting before Sept 24, 2026; actions underway but not complete.
• Estimated financial impact of settlement to the Company is about INR 70 crore.
• Company will update public disclosure after completion of the actions.
• No material movement in the share price on Sept 8, 2026.
• The company remains compliant with SEBI LODR disclosure requirements.