Grovy India Ltd shareholders approved a final dividend of ₹0.1 per share for the financial year ended March 31, 2026, at its 41st Annual General Meeting held on July 08, 2026. The meeting, conducted via video conferencing, sanctioned key corporate actions including a preferential allotment of equity shares and the re-appointment of senior management. These decisions underscore the company's focus on capital restructuring and shareholder returns as outlined in its growth plans for the real estate sector.

The Board of Directors presented the financial results for FY 2025-26, which were adopted by the shareholders. Alongside the financial statements, the members approved the re-appointment of Mrs. Anita Jalan as a director liable to retire by rotation. The meeting also authorized the appointment of Mr. Prakash Chand Jalan as Managing Director cum Chairperson for a period of five years effective from June 12, 2026, and Mr. Ankur Jalan as a Non-Executive Director.

A significant outcome of the AGM was the approval to increase the authorized share capital of the company and alter the capital clause of the Memorandum of Association. Consequently, the shareholders sanctioned the issuance of up to 41,69,433 equity shares on a preferential basis to proposed allottees. This move is expected to bolster the company's capital base to support its future expansion initiatives.

The remote e-voting facility, provided by CDSL, was open from July 05, 2026, to July 07, 2026, allowing shareholders to cast their votes electronically. E-voting was also available during the meeting and for 30 minutes after its conclusion. The meeting, which commenced at 03:00 PM and concluded at 03:22 PM, was attended by 20 shareholders, including four from the promoter group and 16 from the public.

Resolutions Passed at the 41st AGM

The proceedings were overseen by Mr. Akshit Gupta, serving as the Scrutinizer, to ensure transparency. Key attendees included Mr. Nishit Jalan, Chief Financial Officer, and representatives from the statutory auditor Ajay Rattan & Co. and the secretarial auditor M/s APMG & Associates. The combined results of the remote e-voting and the AGM e-voting are scheduled to be announced on or before July 10, 2026.

Grovy India Limited has acquired a new premium luxury residential project located at Defence Colony, New Delhi. The project spans an approximate development area of 15,000 sq. ft. This strategic acquisition reinforces the company's presence in one of South Delhi's most prestigious and highly sought-after residential neighbourhoods.

The newly acquired project aligns with Grovy India Limited's vision of creating high-quality, premium residential spaces that reflect modern design, luxury living, and refined urban aesthetics. The company stated that this development is expected to further strengthen its project portfolio and contribute positively to its long-term growth and positioning within the premium real estate segment.

Project Details

The disclosure was made voluntarily by the company and does not qualify as material information. Simran Rajput, Company Secretary & Compliance Officer, signed the press release on July 01, 2026.