Godrej Properties Ltd has announced significant changes in its senior management personnel pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made on April 29, 2026, detailing the resignation of a key executive and subsequent internal appointments effective from July 1, 2026.

Mr. Lalit Makhijani, Chief Sales, Marketing and Customer Centricity Officer, has tendered his resignation effective from the closure of business hours on June 30, 2026. In his resignation letter dated April 29, 2026, Mr. Makhijani stated he would be pursuing new professional opportunities outside Godrej Properties Limited. Having spent a decade with the company, he expressed gratitude for the opportunity to lead Revenue and Customer Centricity functions.

Management Appointments

The company has announced two key internal appointments to fill the leadership transition:

Mr. Subhasish Pattanaik, who is already a member of the GPL Management Committee, has led the West East Zone with focus on execution and business development. Under his leadership, Pune continues to be a city where GPL maintains market leadership position. He joined the company in 2008 and has served across various roles including Business Head for NCR 1, Region Head for South Zone 1, and Sales & Marketing Head for South Zone.

Profile of New Zonal CEO

Mr. Mayank Poddar brings over 16 years of experience to his new role as Zonal CEO – West East. He completed his MBA from IIM Calcutta in 2010 and joined GPL in 2014. In his current role as Head – Strategic Initiatives, he has been instrumental in driving quality transformation initiatives, CoC acceleration programs, and BRM and labour initiatives. Previously at The Trees, Vikhroli, he successfully led strategy, sales, legal and liaison functions, overseeing integrated development from master planning to delivery.

The company has enclosed detailed disclosures regarding the cessation and appointment of senior management personnel as required under SEBI Master Circular dated January 30, 2026, along with the copy of resignation letter received from Mr. Lalit Makhijani.

Godrej Properties has announced its expectation to achieve cash positive status by FY 2028, marking a significant milestone in the company's financial trajectory. This strategic target demonstrates the real estate developer's confidence in its operational capabilities and market positioning.

Financial Milestone Target

The company's projection to reach cash positive status by FY 2028 represents a clear financial objective that underscores its commitment to sustainable cash flow generation. This timeline provides stakeholders with visibility into the company's expected financial performance trajectory.

Strategic Implications

Achieving cash positive status would mark an important transition for Godrej Properties, indicating the company's ability to generate sufficient cash flows from its operations. This milestone reflects the management's strategic planning and operational efficiency initiatives aimed at optimizing financial performance.

The announcement provides investors and market participants with insight into the company's medium-term financial goals and its confidence in executing its business strategy effectively over the coming years.