Godrej Properties CEO, chairman, board of directors and AGM
NSE: GODREJPROPBSE: 533150RealtyMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,585.60.
28 Oct: open ₹1,573.20, high ₹1,599.80, low ₹1,562.50
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹47,805 Cr196th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 35.43
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.63%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −1.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 1.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,21,40459.1% delivered
Godrej Properties' chairperson is Pirojsha Adi Godrej and its managing director and CEO Gaurav Pandey, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 4 Aug 2026.
Godrej Properties board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPirojsha Adi Godrej
- Managing director and CEOGaurav Pandey
- Company SecretaryMr. Ashish Karyekar
6 directors4 independent1 executive1 non-executive
- Pirojsha Adi Godrej · ChairpersonNon-executive · joined Oct 2008 · reappointed Aug 2026 · 6 listed boards · 4 committee seats
- Gaurav Pandey · Managing director and CEOExecutive · joined Jan 2023 · reappointed Jan 2026 · 1 listed board · 1 committee seat
- Sutapa BanerjeeIndependent · joined Nov 2019 · reappointed Nov 2024 · 82 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 2 as chair
- Sumeet NarangIndependent · joined Aug 2023 · 37 months as independent · 3 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Indu BhushanIndependent · joined May 2022 · 52 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 3 as chair
- Jayashree VaidhyanathanIndependent · joined Aug 2023 · 37 months as independent · 2 listed boards · 2 as independent · 5 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Nadir Burjor Godrej, left 14 Aug 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 4 Aug 20267 of 7 present4 independent · 91 days in between
- 4 May 20267 of 7 present4 independent
Audit Committee
Chair Indu Bhushan
Sutapa Banerjee, Jayashree Vaidhyanathan, Sumeet Narang
- 4 Aug 20264 of 4 present4 independent · 91 days in between
- 4 May 20264 of 4 present4 independent
Nomination and remuneration committee
Chair Sutapa Banerjee
Indu Bhushan, Jayashree Vaidhyanathan, Sumeet Narang
- 4 May 20264 of 4 present4 independent
Stakeholders Relationship Committee
Chair Sutapa Banerjee
Pirojsha Adi Godrej, Gaurav Pandey
- 4 May 20263 of 3 present1 independent · 9 days in between
Risk Management Committee
Chair Pirojsha Adi Godrej
Gaurav Pandey, Indu Bhushan, Sutapa Banerjee, Rajendra Khetawat
- 14 Aug 20264 of 4 present2 independent · 101 days in between
Corporate Social Responsibility Committee
Chair Pirojsha Adi Godrej
Gaurav Pandey, Sutapa Banerjee, Indu Bhushan
- 24 Apr 20264 of 4 present2 independent
Environment, Social and Governance Committee
Chair Pirojsha Adi Godrej
Sutapa Banerjee, Indu Bhushan, Gaurav Pandey
- 24 Apr 20264 of 4 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- B S R and Co LLPPeer-review certificate valid to Jul 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Godrej Properties AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Godrej Properties dividend history
Postal ballot, 19 Sep 2026
1,98,345 shareholders on the register on 14 Aug 2026; votes counted by Mr. Ashish Jain / A K Jain & co. Company Secretaries.
- To approve the re-designation of Pirojsha Godrej (DIN: 00432983) as the Non-Executive Non-Independent Director and Chairperson of the CompanyOrdinary99.61% for0.39% against
Against: promoters 0.00% · institutions 1.08% · other public 0.02%
Turnout: all 82.84% · promoters 100.00% · institutions 87.25% · other public 8.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 4 Aug 2026, 6 resolutions
1,98,633 shareholders on the register on 28 Jul 2026; present: 4 promoters and 83 others; votes counted by Mr. Ashish Jain / A K Jain & co. Company Secretaries.The company's voting result
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon and other reportsMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.07% · promoters 100.00% · institutions 88.15% · other public 15.78%
- To declare a dividend of Rs. 10 (200%) per equity share of face value of Rs. 5 each for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.10% · promoters 100.00% · institutions 88.23% · other public 15.78%
- To approve to not to fill in the vacancy caused by the retirement of Mr. Nadir Godrej (DIN: 00066195).Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.10% · promoters 100.00% · institutions 88.22% · other public 15.78%
- To ratify the remuneration payable to Cost Auditors for the financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.10% · promoters 100.00% · institutions 88.22% · other public 15.78%
To approve the waiver for recovery of excess managerial remuneration paid to Mr. Pirojsha Godrej (DIN: 00432983), Whole Time Director designated as Executive Chairperson of the Company for the financial year 2025-26.MoreLess
Special80.57% for19.43% againstAgainst: promoters 0.00% · institutions 54.08% · other public 0.03%
Turnout: all 84.10% · promoters 100.00% · institutions 88.22% · other public 15.78%
- To approve payment of remuneration by way of commission to Non-Executive Directors(including the Independent Directors) for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 84.10% · promoters 100.00% · institutions 88.22% · other public 15.78%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 1 Aug 2025, 5 resolutions
1,78,234 shareholders on the register on 25 Jul 2025; present: 5 promoters and 76 others; votes counted by Mr. Ashish Jain / A K Jain & co. Company Secretaries.The company's voting result
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon and other reports.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.22% · promoters 100.00% · institutions 87.95% · other public 49.12%
- To appoint a Director in place of Mr. Pirojsha Godrej (DIN: 00432983), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.06% for1.94% against
Against: promoters 0.00% · institutions 4.93% · other public 0.00%
Turnout: all 88.24% · promoters 100.00% · institutions 88.00% · other public 49.12%
To re-appoint Mr. Gaurav Pandey (DIN: 07229661) as the Managing Director & Chief Executive Officer and Key Managerial Personnel of the Company for a period of three years commencing from January 01, 2026 to December 31, 2028;MoreLess
Special88.53% for11.47% againstAgainst: promoters 0.00% · institutions 29.10% · other public 0.02%
Turnout: all 88.25% · promoters 100.00% · institutions 88.03% · other public 49.09%
- To approve the appointment of M/s BNP & Associates as the Secretarial Auditors of the Company from the financial year 2025-26 till the financial year 2029-30;Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.16% · other public 0.00%
Turnout: all 88.28% · promoters 100.00% · institutions 88.09% · other public 49.12%
- To approve the ratification of remuneration to be paid to M/s R. Nanabhoy & Co., Cost Accountants, Cost Auditors of the Company for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.24% · promoters 100.00% · institutions 87.99% · other public 49.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 20 Mar 2025, 2 resolutions
1,66,445 shareholders on the register on 14 Feb 2025; votes counted by Mr. Ashish Jain / A K Jain & co. Company Secretaries.The company's voting result
- To approve material related party transactions with Godrej Highview LLP, an associate entity of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.68% · promoters 0.00% · institutions 83.88% · other public 53.26%
- To approve material related party transactions with Godrej SSPDL Green Acres LLP, a subsidiary of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.68% · promoters 0.00% · institutions 83.88% · other public 53.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 31 Oct 2024, 1 resolution
- Approval for raising of funds in one or more tranches, by issuance of securities for an amount not exceeding INR 6,000 Crore only (Rupees Six Thousand Crore Only)Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.36% · other public 2.93%
Turnout: all 88.26% · promoters 100.00% · institutions 83.90% · other public 0.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 4 Sep 2024, 1 resolution
- Approving the requests received for re-classification of certain members of the Promoter and Promoter Group of Godrej Properties Limited to ‘Public’ category:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.73%
Turnout: all 80.44% · promoters 86.09% · institutions 84.60% · other public 1.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 31 Jul 2024, 5 resolutions
Present: 4 promoters and 83 others.
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and the Auditors thereon and other reports.MoreLess
Ordinary99.91% for0.09% againstAgainst: promoters 0.00% · institutions 0.26% · other public 0.05%
Turnout: all 88.77% · promoters 98.83% · institutions 87.91% · other public 1.64%
- To appoint a Director in place of Mr. Nadir Godrej (DIN: 00066195), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.72% for1.28% against
Against: promoters 0.00% · institutions 3.69% · other public 0.06%
Turnout: all 88.79% · promoters 98.83% · institutions 87.95% · other public 1.64%
- To approve revision in remuneration to Mr. Gaurav Pandey (DIN: 07229661) Managing Director & Chief Executive Officer of the Company with effect from April 1, 2024 to December 31, 2025.Ordinary86.90% for13.10% against
Against: promoters 0.00% · institutions 37.64% · other public 0.07%
Turnout: all 88.78% · promoters 98.83% · institutions 87.95% · other public 1.59%
- To approve re-appointment of Ms. Sutapa Banerjee (DIN: 02844650) as an Independent Director for a second term of five years commencing from November 05, 2024 till November 04, 2029.Special97.80% for2.20% against
Against: promoters 0.00% · institutions 6.33% · other public 0.08%
Turnout: all 88.79% · promoters 98.83% · institutions 87.95% · other public 1.64%
- To ratify and confirm remuneration payable to M/s. R. Nanabhoy & Co., Cost Accountants, as the Cost Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 88.76% · promoters 98.83% · institutions 87.89% · other public 1.64%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 Mar 2024, 2 resolutions
- Re-appointment of Mr. Pirojsha Godrej (DIN: 00432983) as the Whole Time Director designated as Executive Chairperson of the company for a period of three years with effect from April 01, 2024Special99.36% for0.64% against
Against: promoters 0.00% · institutions 1.90% · other public 0.18%
Turnout: all 88.39% · promoters 100.00% · institutions 86.31% · other public 1.45%
- Approval of material related party transactions with Caroa Properties LLP, a subsidary of the companyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 29.92% · promoters 0.00% · institutions 86.40% · other public 1.18%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 19 Sep 2026, 36 fund houses
- To approve the re-designation of Pirojsha Godrej (DIN: 00432983) as the Non-Executive Non-Independent Director and Chairperson of the Company36 for0 against
Mutual fund votes, meeting of 4 Aug 2026, 36 fund houses
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon and other reportsMoreLess
36 for0 against- To declare a dividend of Rs. 10 (200%) per equity share of face value of Rs. 5 each for the financial year ended March 31, 2026.36 for0 against
- To approve to not to fill in the vacancy caused by the retirement of Mr. Nadir Godrej (DIN: 00066195).36 for0 against
- To ratify the remuneration payable to Cost Auditors for the financial year 2026-27.36 for0 against
To approve the waiver for recovery of excess managerial remuneration paid to Mr. Pirojsha Godrej (DIN: 00432983), Whole Time Director designated as Executive Chairperson of the Company for the financial year 2025-26.MoreLess
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The lack of clarity on payouts under salary and perquisites prevents shareholders from reconciling the FY26 salary, which is significantly higher than the shareholder-approved salary range. • The absence of disclosure on performance targets, achievement levels and the rationale for bonus payouts exceeding the indicative approved range by over 3x, limits shareholders' ability to assess the appropriateness of the bonus payouts. • The overall remuneration is competitively positioned against industry standards.
35 for1 against- To approve payment of remuneration by way of commission to Non-Executive Directors(including the Independent Directors) for the financial year 2025-26.36 for0 against
Mutual fund votes, meeting of 1 Aug 2025, 28 fund houses
5 proposals
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon and other reports.MoreLess
28 for0 against- To appoint a Director in place of Mr. Pirojsha Godrej (DIN: 00432983), who retires by rotation and being eligible, offers himself for re-appointment.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: Holding position of Executive Director and Chairman may lead to concentration of powers in the hands of a single person.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No issues on merit, suitability and remuneration. Governance concern: Holding position of Executive Chairman.
- Nippon India Mutual FundGovernance concern: Holding position of Executive Chairman.
- PPFAS Mutual FundHolding position of Executive Chairman
20 for8 against To re-appoint Mr. Gaurav Pandey (DIN: 07229661) as the Managing Director & Chief Executive Officer and Key Managerial Personnel of the Company for a period of three years commencing from January 01, 2026 to December 31, 2028;MoreLess
Against Axis Mutual Fund, Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
- Axis Mutual FundGaurav Pandey was paid Rs.266.7 mn including fair value of options in FY25 which was 231.7x the median employee remuneration. While we support his reappointment as MD and CEO, we are unable to support the resolution due to poor disclosures on the remuneration structure. We recognize all components of the structure except the long-term incentive are largely capped; however we cannot accurately estimate the actual payouts as there have been a deviation from the proposed terms in the past. We raise concern that while shareholder approval is being sought for remuneration that includes performance bonus between Rs. 45.0 mn and Rs. 90.0 mn during the given tenure, the resolution allows flexibility to the NRC to exceed the range of performance bonus on target achievement without shareholder approval- a practice that was followed in FY25. Therefore, the performance bonus, in essence, is uncapped. While the company has linked the long-term incentive to 0.5% of Pre-BD Net Cash Flow achievement over a specific period, we believe the company should provide a tangible target for the cashflow number or an absolute cap on the long-term incentive pay for us to make an informed decision on the aggregate remuneration payable. We do not support the resolution.
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • There is no absolute cap on the long-term incentive element which makes the proposed remuneration structure open ended and may lead to discretionary payouts. • The company has not stated a breakup of his variable remuneration in the past annual reports. • He will be paid the proposed remuneration as minimum remuneration even in the event of loss or inadequate profits of the company. • There are no disclosures on the threshold and target of the metrics that he needs to achieve to determine the payment of performance bonus and long-term incentive element. • His total pay is deemed high and aggressively positioned when compared to market peers.
- HSBC Mutual FundA vote AGAINST this resolution is warranted because:• There is no absolute cap on the long-term incentive element which makes the proposed remuneration structure open ended and may lead to discretionary payouts.• The company has not stated a breakup of his variable remuneration in the past annual reports.• He will be paid the proposed remuneration as minimum remuneration even in the event of loss or inadequate profits of the company.• There are no disclosures on the threshold and target of the metrics that he needs to achieve to determine the payment of performance bonus and long-term incentive element.• His total pay is deemed high and aggressively positioned when compared to market peers.
- Invesco Mutual FundGaurav Pandey was paid Rs. 266.7 mn including fair value of options in FY25 which was 231.7x the median employee remuneration. While we support his reappointment as MD and CEO, we are unable to support the resolution due to poor disclosures on the remuneration structure. We recognize all components of the structure except the long-term incentive are largely capped; however we cannot accurately estimate the actual payouts as there have been a deviation from the proposed terms in the past. We raise concern that while shareholder approval is being sought for remuneration that includes performance bonus between Rs. 45.0 mn and Rs. 90.0 mn during the given tenure, the resolution allows flexibility to the NRC to exceed the range of performance bonus on target achievement without shareholder approval- a practice that was followed in FY25. Therefore, the performance bonus, in essence, is uncapped. While the company has linked the long-term incentive to 0.5% of Pre-BD Net Cash Flow achievement over a specific period, we believe the company should provide a tangible target for the cashflow number or an absolute cap on the long-term incentive pay for us to make an informed decision on the aggregate remuneration payable. We do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
23 for5 against- To approve the appointment of M/s BNP & Associates as the Secretarial Auditors of the Company from the financial year 2025-26 till the financial year 2029-30;28 for0 against
- To approve the ratification of remuneration to be paid to M/s R. Nanabhoy & Co., Cost Accountants, Cost Auditors of the Company for the financial year 2025-26.28 for0 against
Mutual fund votes, meeting of 20 Mar 2025, 26 fund houses
2 proposals
- To approve material related party transactions with Godrej Highview LLP, an associate entity of the Company26 for0 against
- To approve material related party transactions with Godrej SSPDL Green Acres LLP, a subsidiary of the Company26 for0 against
Mutual fund votes, meeting of 31 Oct 2024, 23 fund houses
2 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Approval for raising of funds in one or more tranches, by issuance of securities for an amount not exceeding INR 6,000 Crore only (Rupees Six Thousand Crore Only)
Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with Law. Governance concern: Significant dilution and no clarity regarding the reasons behind not opting for Rights Issue.
- Nippon India Mutual FundInadequate Disclosure
- PPFAS Mutual FundExcessive dilution. No justification for not opting Rights Issue.
17 for5 against
1 proposal not matched to one resolution
- To approve, Memorandum of association and the articles of association of the Company.1 for0 against
Mutual fund votes, meeting of 4 Sep 2024, 24 fund houses
1 proposal
- Approving the requests received for re-classification of certain members of the Promoter and Promoter Group of Godrej Properties Limited to ‘Public’ category:24 for0 against
Mutual fund votes, meeting of 31 Jul 2024, 21 fund houses
6 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and the Auditors thereon and other reports.MoreLess
21 for0 against- To appoint a Director in place of Mr. Nadir Godrej (DIN: 00066195), who retires by rotation and being eligible, offers himself for re-appointment.21 for0 against
- To approve revision in remuneration to Mr. Gaurav Pandey (DIN: 07229661) Managing Director & Chief Executive Officer of the Company with effect from April 1, 2024 to December 31, 2025.
Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund
- Franklin Templeton Mutual Fund, HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The remuneration structure is open-ended, and the board retains significant discretion in determining his Long Term Incentives outcomes. • The quantum of stock options to be granted to him during his tenure, have not been disclosed. • His total pay is deemed high and aggressively positioned when compared to market peers.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
17 for3 against - To approve re-appointment of Ms. Sutapa Banerjee (DIN: 02844650) as an Independent Director for a second term of five years commencing from November 05, 2024 till November 04, 2029.21 for0 against
- To ratify and confirm remuneration payable to M/s. R. Nanabhoy & Co., Cost Accountants, as the Cost Auditors of the Company.21 for0 against
1 proposal not matched to one resolution
- To approve, appointment of Mr. Gaurav Pandey (DIN: 07229661) Managing Director & Chief Executive Officer of the Company.1 for0 against
Mutual fund votes, meeting of 21 Mar 2024, 18 fund houses
2 proposals
- Re-appointment of Mr. Pirojsha Godrej (DIN: 00432983) as the Whole Time Director designated as Executive Chairperson of the company for a period of three years with effect from April 01, 2024
Against Groww Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No Concern on the Profile of Director. Governance concern: Combined position of Executive Director and Chairman.
16 for2 against - Approval of material related party transactions with Caroa Properties LLP, a subsidary of the company18 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyAhmedabad Municipal CorporationSince 13 Jul 2026
The Company has received notice imposing penalty of Rs.20,000 (Rupees Twenty Thousand only).
Notice has been issued for spreading dirt on the public road by using the tires of heavy vehicles from the Godrej Altus construction site where excavation is being carried out.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Sep 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| QIPDec 2024, checked by ICRA Limited | 6,000.00 | To Invest in Our Subsidiaries Joint Ventures Associate and Affiliates Either Through Debt or Equity Capital Expenditure Including Acquisition of Land Land Development Rights or Development Rights Directly or Indirectly Working Capital Requirements of Our Company Repayment of Debt And General Corporate Purposes | 6,000.00 | 4,511.57 | No |