Godrej Properties Limited has notified stock exchanges regarding an upcoming National Company Law Tribunal (NCLT) hearing for the proposed scheme of amalgamation with Embellish Houses Private Limited. The hearing represents a significant step in the company's corporate restructuring process.

NCLT Hearing Details

The tribunal hearing is scheduled for April 30, 2026, before the Mumbai bench of the National Company Law Tribunal. This follows the order dated March 12, 2026, issued by the Hon'ble NCLT Mumbai, which set the hearing date for the amalgamation petition.

Amalgamation Structure

The proposed scheme involves the amalgamation of Embellish Houses Private Limited with Godrej Properties Limited and their respective shareholders. Under this arrangement:

• Transferor Company: Embellish Houses Private Limited (EHPL)
• Transferee Company: Godrej Properties Limited (GPL)
• CIN of EHPL: U68100MH2025PTC460029
• CIN of GPL: L74120MH1985PLC035308

Both companies share the same registered office address at Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400079, Maharashtra.

Regulatory Compliance

As per the NCLT order, the company has published mandatory newspaper advertisements regarding the hearing notice. The advertisements appeared in Business Standard (English) and Navshakti (Marathi) on April 14, 2026, ensuring compliance with regulatory requirements.

Stakeholder Information

The notice provides important information for stakeholders who may wish to participate in the proceedings. Any person supporting or opposing the petition must send notice to the petitioner companies' advocate at least two days before the hearing date. Those opposing must provide grounds for opposition or submit an affidavit with their notice.

The petition documents are available from the advocate upon payment of prescribed charges. The advocate for the petitioner companies is Hemant Sethi, located at 307 Ram Niti Building, 3rd Floor, Mandlik Road, Colaba, Mumbai 400005.

This amalgamation scheme, once approved, will consolidate the operations and assets of both entities under the Godrej Properties Limited structure, potentially streamlining the company's real estate development activities.

Godrej Properties Limited has delivered its most successful year on record, achieving unprecedented milestones across all key performance metrics in FY2026. The leading national real estate developer announced record-breaking booking values and business development additions, while collections showed strong growth despite falling short of guidance targets.

Collections Performance Against Guidance

The company achieved collections of ₹19,965 crore in FY2026, representing a solid 17% year-on-year growth. However, this performance fell short of the company's guidance of ₹21,000 crore. Despite missing the collections target, the company demonstrated strong operational execution with significantly increased construction activities.

Record-Breaking Financial Performance

Despite the collections shortfall, Godrej Properties achieved its highest ever booking value of ₹34,171 crore, representing a robust 16% year-on-year growth and significantly exceeding the company's booking value guidance of ₹32,500 crore. This performance demonstrates strong market demand and execution capabilities.

Operational Excellence and Construction Activities

The company maintained strong execution standards with robust project deliveries and significantly increased construction activities. The 62% increase in direct construction spend reflects accelerated project development and the company's commitment to timely delivery. Godrej Properties delivered 12.1 million sq. ft. across 9 cities, achieving 121% of its delivery guidance.

Business Development and Future Pipeline

FY2026 marked the company's best-ever year for business development, significantly exceeding initial guidance. Godrej Properties added 18 new projects with substantial future sales potential, achieving 59% year-on-year growth in business development activities.

Q4FY2026 alone contributed 6 new projects with 11 million sq. ft. of saleable area and expected booking value of ₹17,450 crore. This business development performance more than doubled the initial guidance of adding ₹20,000 crore of booking value potential.