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.

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.