Godrej Properties has announced a dividend of ₹10 per equity share for the financial year ending March 31, 2026, subject to shareholder approval at the upcoming 41st Annual General Meeting (AGM) on August 4, 2026. The company has also received board approval to raise up to ₹3,000 crore through the issuance of debt securities.
The dividend represents a 200% payout on the face value of ₹5 per share. Shareholders eligible to receive the dividend will be determined as of the record date, July 28, 2026. If approved, the dividend will be distributed to shareholders by September 3, 2026.
In addition to the dividend, Godrej Properties‘ board has authorised the issuance of non-convertible debentures, bonds, or other debt securities on a private placement basis. This fundraising effort aims to raise up to ₹3,000 crore in one or more tranches. A committee of directors has been empowered to decide on the specifics of the issuance, including the amount, timing, and terms.
The board meeting also noted the retirement of Mr. Nadir Godrej as a Non-Executive Non-Independent Director, effective from the conclusion of the 41st AGM. Mr. Godrej, who is stepping down due to his age, has been appreciated for his contributions to the company.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).