Ganesh Housing Limited has announced its Thirty-Fifth Annual General Meeting (AGM) scheduled for September 11, 2026, to seek shareholder approval for material related party transactions (RPTs) totaling up to ₹2,250 crore for FY27. The Ahmedabad-based real estate developer is requesting consent under Regulation 23 of the SEBI LODR Regulations for these transactions, which exceed the materiality threshold of ₹31.62 crore—calculated as 10% of its FY26 consolidated turnover of ₹316.23 crore. The AGM will also address the re-appointment of three directors retiring by rotation and the ratification of cost auditor remuneration.

The largest proposed transaction involves Madhukamal Real Estate Investment Private Limited (MREIPL), a group company, with an aggregate value of up to ₹1,600 crore. This arrangement covers the sale, purchase, or lease of immovable properties, business advances, inter-corporate advances, reimbursement of expenses, and business support services. The company justified this RPT by citing increased operational requirements of MREIPL. Other significant RPTs include agreements with Mahavir (Thaltej) Complex Private Limited, Ganesh Green Energy Private Limited, Rohini Realty Private Limited, and Urbanaac Infrastructures Private Limited, each capped at ₹200 crore. These transactions primarily involve property deals and interest-free business advances repayable on demand.

The Board also seeks approval for RPTs with promoter family members and foundations. Transactions with Mr. Shekhar Govindbhai Patel (MD & CEO), Mr. Dipakkumar Govindbhai Patel (Chairman), Mr. Anmol Dipakkumar Patel, and Mr. Amanvir Shekhar Patel are each capped at ₹200 crore, focusing on the purchase of immovable properties and expense reimbursements. Additionally, grants and CSR-related transfers to Govindbhai C. Patel Foundation and Mahamati Skill and Education Foundation are proposed up to ₹50 crore each. All transactions are mandated to be conducted at arm’s length and in the ordinary course of business.

Beyond RPTs, the AGM agenda includes ordinary business items such as the adoption of audited standalone and consolidated financial statements for FY26. Shareholders will vote on a final dividend of ₹1.50 per equity share of face value ₹10 each. The record date for dividend entitlement is fixed as August 31, 2026, with payment expected by October 10, 2026. The company will also re-appoint Mr. Dipakkumar G. Patel, Mr. Anmol D. Patel, and Mr. Amanvir S. Patel as directors upon their retirement by rotation.

The meeting will be held via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs circulars. Remote e-voting will be available from September 8 to September 10, 2026, facilitated by Central Depository Services (India) Limited. M/s. J.B. Mistri & Co., Cost Accountants, have been appointed as cost auditors for FY27 with a remuneration of ₹70,000 plus GST, subject to shareholder ratification.

Ganesh Housing Limited (formerly known as Ganesh Housing Corporation Limited) has submitted its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26 to BSE Limited and the National Stock Exchange of India Limited. The filing was made pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and forms an integral part of the company's Annual Report for FY 2025-26. The report is prepared on a standalone basis and covers disclosures across all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC).

Company Overview and Financial Profile

Incorporated on 13 June 1991, Ganesh Housing Limited is one of the leading real estate companies in Gujarat, engaged in the construction of residential, commercial, and infrastructure development projects. The company operates from a single national office located at Ganesh Corporate House, 100 Feet Hebatpur-Thaltej Road, Near Sola Bridge, Off S.G. Highway, Ahmedabad – 380054. Its real estate portfolio spans affordable housing for lower income groups, middle and high income group residential projects, commercial office spaces, retail shops, and Special Economic Zones (SEZs). The following table summarises key financial parameters disclosed in the report:

The company holds three wholly owned subsidiaries — Gatil Properties Private Limited, Madhukamal Infrastructure Private Limited, and Million Minds Techspace Private Limited — none of which participate in the Business Responsibility initiatives of the listed entity.

Workforce Composition and Employee Well-Being

As at the end of FY 2025-26, Ganesh Housing Limited had a total permanent employee strength of 123, comprising 110 male employees (89.43%) and 13 female employees (10.57%). The company does not have a direct workforce and instead engages workers through contracted services, resulting in zero permanent or other-than-permanent workers on its payroll. The Board of Directors comprises 10 members, of whom 2 (20%) are female, while Key Management Personnel total 4, with 1 female (25%).

Retirement benefit coverage in FY 2025-26 included Provident Fund at 47.96% of total employees, Gratuity at 98.37%, and ESI at 5.69%, with all deductions deposited with the respective authorities. All 123 permanent employees received wages above the statutory minimum wage. Gross wages paid to female employees constituted 7.00% of total wages in FY 2025-26, compared to 5.92% in FY 2024-25. Performance and career development reviews were completed for 119 out of 123 employees (96.74%) during the year.

Training, Governance, and Ethical Conduct

The company conducted training and awareness programs covering all nine NGRBC principles during FY 2025-26, achieving 100% coverage across the Board of Directors, Key Managerial Personnel, and other employees. The Board received 2 programs, KMPs received 24 programs, and other employees received 16 programs. Topics covered included fire and lift safety, AI at Work, SEBI compliances, IND AS, new income tax and labour codes, and communication skills development.

The company reported no monetary or non-monetary fines, penalties, or settlements with regulators or law enforcement agencies in FY 2025-26. There were zero disciplinary actions for bribery or corruption against any directors, KMPs, employees, or workers. The company maintains an Anti-Money Laundering, Anti-Bribery & Anti-Corruption Policy as part of its Code of Conduct, applicable to all individuals associated with the company.

The Managing Director & CEO, Mr. Shekhar G. Patel (DIN: 00005091), serves as the highest authority responsible for implementation and oversight of Business Responsibility policies. The company's policies across all nine NGRBC principles have been approved by the Board and translated into procedures, though they do not currently extend to value chain partners.

Environmental Performance

Ganesh Housing Limited's environmental disclosures for FY 2025-26 reflect increased operational activity compared to the previous year. Total energy consumption from non-renewable sources rose to 18,46,50,691.2 Kilo Joules in FY 2025-26 from 9,98,24,308.8 Kilo Joules in FY 2024-25, with no energy consumed from renewable sources in either year. Total water withdrawal declined marginally to 37,620 kilolitres in FY 2025-26 from 38,873 kilolitres in FY 2024-25.

Scope 1 greenhouse gas emissions decreased to 1663.58 MtCO2e in FY 2025-26 from 1765.78 MtCO2e in FY 2024-25, while Scope 2 emissions remained nil. Construction and demolition waste generated fell significantly to 13.96 metric tonnes from 50.01 metric tonnes in the prior year. The company disposed of 380 Kg of E-waste during the year through Ecoli Waste Management Private Limited, an authorised recycler under the Gujarat Pollution Control Board. Air quality assessments are conducted annually by an external agency, Standard Environment Management Systems. The company holds ISO 14001:2015 (Environment Management System), ISO 45001:2018 (Occupational Health and Safety Management System), and ISO 9001:2015 (Quality Management System) certifications.

Sustainable Sourcing and Community Engagement

Ganesh Housing Limited sources over 85% of its direct and indirect materials from local vendors within a 100-kilometre radius, supporting local businesses and reducing transportation-related carbon emissions. In FY 2025-26, 10% of input materials were sourced directly from MSMEs or small producers, while 89% were sourced from within the district and neighbouring districts. The company is affiliated with two industry associations — GIHED–CREDAI (State level) and the Indian Green Building Council (National level). Community grievances are addressed through dedicated email and telephone channels, and the company has established a Stakeholder Grievances Redressal Policy. No Social Impact Assessments or Rehabilitation and Resettlement projects were applicable to the company's operations during the reporting period.