G G Dandekar Properties completed the disposal of unused land in Bhiwandi for ₹2.01 crore on September 26, 2026. The transaction involved approximately 1,800 sq mtr of land valued by an independent valuer.

The company filed an intimation with the BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The sale follows the outcome of a Board of Directors' meeting held on September 1, 2026.

Transaction specifics

The disposed asset is located at CTS No. 14/1/C, Village Kaneri, Taluka Bhiwandi, District Thane. The consideration was determined based on a fair market value report obtained from an independent valuer.

The event occurred after 12:00 pm on the completion date. The company confirmed the transaction details in its filing to the Corporate Relationship Department of BSE Limited.

GG Dandekar Properties Limited concluded its 87th annual general meeting on September 4, 2026, revealing a narrowed loss for FY26. The company reported a turnover of ₹4.41 crore, up from ₹4.21 crore in the previous year.

The loss before exceptional items and tax fell to ₹75.65 lakh in FY26, compared to a loss of ₹1.46 crore in FY25. This improvement was primarily driven by non-cash expenses such as building depreciation, while the company generated positive cash flow from operations of ₹55.93 lakh.

Meeting Proceedings

The meeting was held via video conferencing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. It commenced at 11:10 am and concluded at 11:42 am, with e-voting closing at 11:57 am.

Chairperson Purab Gujar confirmed the presence of the requisite quorum. The session included updates on the company’s associate, Navasyam Dandekar Private Limited (NDPL), and formal business regarding director reappointments and articles of association amendments.

Directors and Attendees

The following directors and key managerial personnel participated:

Statutory auditor Swanand Kulkarni and scrutinizer Bhavana Rokade also attended the proceedings.

Business Overview and Associate Update

GG Dandekar Properties operates in commercial real estate leasing with properties in Pune and Nagpur. During FY26, existing assets remained operational, delivering consistent rental income without new additions to the portfolio.

The company’s shareholding in its associate, NDPL, which operates in food processing, reduced from 49% to 33.31% during the year. This dilution followed the conversion of 14,989 compulsory convertible preference shares (CCPS) into equity shares in August 2025 and a subsequent buyback of 30,730 shares by NDPL in November 2025, which realized ₹2.32 crore for GG Dandekar Properties.

NDPL reported strong performance in FY26, with turnover rising to ₹37 crore from ₹32 crore in the previous year. Its profit after tax increased significantly to ₹305 lakh from ₹71 lakh.

Voting and Governance

Remote e-voting was active from September 1 to September 3, 2026. Members present at the AGM who had not voted remotely were given an additional 15-minute window to cast votes via the NSDL e-voting system. Four shareholders registered as speakers to raise questions during the meeting.

The scrutinizer’s report will be submitted to the exchange within two working days of the meeting’s conclusion. The Board authorized the Executive Director and Company Secretary to announce the final voting results on the company website.