GG Dandekar Properties has authorized the disposal of an unused land parcel in Bhiwandi, Maharashtra, during its board meeting held on September 1, 2026.

The Board of Directors empowered the Executive Director and/or Chief Financial Officer to execute the transaction for a consideration not less than the fair market value.

Transaction Details

The asset under consideration is a land parcel with an area of around 1,800 sq mtrs. It is situated at CTS No. 14/1/C, Village Kaneri, Taluka Bhiwandi, District Thane.

The company stated it will intimate further details regarding the transaction to the exchange as and when the deal is executed. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GG Dandekar Properties Limited published its notice for the 87th Annual General Meeting (AGM) in The Free Press Journal (English), Navshakti, and Mahasagar (Marathi) on August 6, 2026. This disclosure follows the company’s submission of its Annual Report for FY26 to BSE Limited on August 5, 2026. Shareholders holding equity as of August 28, 2026, can vote remotely from September 1 to September 3, 2026, ahead of the virtual meeting scheduled for September 4, 2026, at 11:00 a.m. IST.

The AGM agenda includes the adoption of standalone and consolidated financial statements, the re-appointment of director Ms. Vibha Surana, and special resolutions to shift the registered office from Nagpur to Pune and adopt new Articles of Association. The move to Pune aligns with the location of the entire management team and requires confirmation from the Regional Director (Western Region).

Financial Performance for FY26

GG Dandekar Properties reported a standalone net profit of ₹273.07 Lakhs for FY26, a significant turnaround from a net loss of ₹21.20 Lakhs in FY25. Total income rose to ₹441.80 Lakhs from ₹421.74 Lakhs. The profitability was driven largely by exceptional items totaling ₹360.26 Lakhs, which included a ₹394.94 Lakhs profit on the sale of freehold land at Bhiwandi and a ₹232.01 Lakhs gain from the buyback of shares by associate Navasasyam Dandekar Private Limited (NDPL). These gains were partially offset by an impairment of ₹266.70 Lakhs on the remaining investment in NDPL.

Consolidated net profit stood at ₹161.88 Lakhs compared to ₹6.11 Lakhs in the previous year. The Board did not recommend any dividend for FY26.

Associate Company Update

Associate NDPL reported a turnover of ₹3,705.36 Lakhs and a profit after tax of ₹305.38 Lakhs for FY26. During the year, GG Dandekar Properties’ shareholding in NDPL reduced from 49% to 33.31% following the conversion of Compulsorily Convertible Preference Shares into equity and a subsequent share buyback by NDPL. Despite the reduction, NDPL remains an associate company.

Voting and Participation Details

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). Members can cast votes electronically between September 1, 2026, at 9:00 a.m. IST and September 3, 2026, at 5:00 p.m. IST. The Register of Members and Share Transfer Books will remain closed from September 1 to September 4, 2026. CS Bhavana Rokade has been appointed as the Scrutinizer for the voting process.