G. G. Dandekar Properties Limited has returned to profitability for the financial year ended March 31, 2026, reporting a consolidated net profit of ₹161.88 lakh compared to a net profit of ₹6.11 lakh in the previous year. The standalone financial results show a net profit of ₹273.07 lakh, a sharp reversal from the net loss of ₹21.20 lakh in FY25. The turnaround was primarily driven by exceptional items, including a gain of ₹394.94 lakh from the sale of freehold land in Bhiwandi and a gain of ₹232.01 lakh from the buyback of shares by associate company Navasasyam Dandekar Private Limited (NDPL).

Financial Performance

The company's total income for the year stood at ₹441.80 lakh on a standalone basis and ₹437.41 lakh on a consolidated basis. While revenue from operations decreased to ₹351.34 lakh from ₹360.27 lakh in the previous year, other income rose significantly to ₹90.46 lakh (standalone) and ₹86.07 lakh (consolidated). Total expenses were reduced to ₹517.45 lakh from ₹567.98 lakh in the prior year, aided by lower operational and other direct expenses.

Exceptional Items and Associate Contribution

Exceptional items played a crucial role in the profitability, contributing ₹360.26 lakh to the standalone net profit. This included the gain on land sale and the NDPL share buyback. The company's share in the profit of its associate company, NDPL, was ₹120.53 lakh for the year, bolstering the consolidated results. Post-buyback, the company's effective shareholding in NDPL stands at 33.31%.

Auditor's Report and Compliance

The statutory auditor, CNK JBMS & Associates, issued an unmodified opinion on the audited standalone and consolidated financial results. The auditor noted that the statement includes unpaid employee contributions of ₹0.90 lakh towards the pension scheme and ₹1.14 lakh towards the provident fund due to technical issues with the electronic payment facility, which the company is resolving. The board approved the financial results at its meeting held on May 29, 2026.

G. G. Dandekar Properties Limited has approved a revision in remuneration for its Key Managerial Personnel (KMP) effective April 1, 2026, primarily to align the salary structure with the Code on Wages. The Board of Directors approved the revision based on the recommendation of the Nomination and Remuneration Committee. The adjustment impacts employee benefit expenses by 1.03% for the current financial year, with a total remuneration increase of ₹68,252.

The remuneration revision applies to Mr. Pranav Vijay Deshpande, Whole Time Director & Chief Executive Officer; Mr. Pankaj Arun Parkhi, Chief Financial Officer; and Ms. Ashwini Sanjay Paranjape, Company Secretary & Compliance Officer. The restructuring follows the notification of new Labour Codes by the Government of India effective November 21, 2025, which necessitated changes due to the revised definition of "Wages". Shareholders' approval obtained in the 86th AGM on June 28, 2025, for the overall limit on remuneration payable to Mr. Deshpande remains in effect, so no new approval is required.

Remuneration Revision Details

The Board disclosed the following financial impact of the remuneration revision:

Director Re-appointment

The Board recommended the re-appointment of CA Vibha Surana, a Non-executive non-independent Director (DIN: 08017202), who is liable to retire by rotation. Her re-appointment is subject to shareholder approval at the ensuing Annual General Meeting. The company confirmed that CA Vibha Surana is not debarred from holding the office of Director by any order of SEBI or other authorities.

CA Vibha Surana, aged 39, is a Chartered Accountant with a Masters in Finance and Investment from Nottingham University, UK. She currently works with Uday Gujar Chartered Accountants and is a designated partner at U B Gujar Co. & LLP. She does not hold a full-time position in any other company and is not related to any other director on the Board.