G.G. Dandekar Properties Receives Buyback Offer from Associate Company

GG Dandekar Properties Limited has announced receipt of a buyback offer from its associate company, Navasasyam Dandekar Private Limited (NDPL). This corporate action, detailed in a regulatory filing, presents a significant development for the company's shareholders.

Buyback Offer Details

The key aspects of the buyback offer are summarized in the following table:

Aspect	Details
Offering Company	Navasasyam Dandekar Private Limited (NDPL)
Shares to be Bought Back	30,730 equity shares
Buyback Price	INR 756.00 per share
Total Buyback Amount	INR 2.32 crores
Percentage of Paid-up Equity	23.53%
Record Date	August 8, 2025
Offer Opening Date	November 7, 2025
Offer Closing Date	November 21, 2025

Impact and Considerations

GG Dandekar Properties currently holds a 49% stake in NDPL. The company's Board of Directors will deliberate on whether to participate in this buyback offer. The decision, once made, will be communicated to the stock exchanges.

The company anticipates no impact on its public holdings, promoter holdings, or capital structure as a result of receiving this offer. However, the potential effects on the company's financials, shareholding pattern, and investment value will be assessed and disclosed following the Board's decision.

Valuation and Compliance

The buyback price of INR 756.00 per share was determined based on a valuation report obtained from M/s Experity Advisors LLP, Pune. The total buyback offer size of INR 2,32,31,880 falls within the regulatory limit of 25% of the aggregate of fully paid-up equity share capital and free reserves, as per NDPL's unaudited financial statements as of August 5, 2025.

This corporate action aligns with the regulations set forth by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Shareholders and investors of GG Dandekar Properties Limited should keep a close watch on further announcements regarding the company's decision on participation in this buyback offer, as it may have implications for the company's investment strategy and shareholder value.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.88%	-5.30%	-8.14%	-7.78%	-33.07%	-47.52%

GG Dandekar Properties Limited, formerly known as G.G. Dandekar Machine Works Limited, has announced its unaudited standalone and consolidated financial results for the first quarter. The company, which operates in the leasing of immovable properties sector, reported a notable performance driven by a significant land sale.

Financial Highlights

Revenue from Operations: The company reported revenue from operations of ₹106.49 lakhs.
Total Income: Total income for the quarter stood at ₹122.98 lakhs.
Exceptional Gain: GG Dandekar Properties sold a freehold land parcel measuring 3,601 sq. meters in Bhiwandi for ₹401.00 lakhs. The net gain from this sale is presented as an exceptional item in the financial results.
Earnings Per Share (EPS): The basic and diluted EPS for the quarter was ₹8.05.

Operational Performance

The company's primary business remains focused on leasing immovable properties. The operational and other direct expenses for the quarter were ₹12.02 lakhs, while employee benefits expense stood at ₹15.05 lakhs.

Financial Position

Outstanding Loans: The total outstanding loans stood at ₹4.03 crores, with no defaults reported.
Debt Securities: The company reported no outstanding debt securities.

Tax Matters

GG Dandekar Properties is currently addressing ongoing income tax matters for assessment years 2011-12 and 2013-14. The company has filed applications under the Vivaad se Vishwas Scheme to mitigate potential financial risks associated with these tax issues. There has been no reported progress on these applications during the quarter.

Corporate Actions

The Board of Directors has approved the conversion of 14,989 Compulsorily Convertible Preference Shares (CCPS) of its associate company, Navasasyam Dandekar Private Limited (NDPL), into equity shares at a 1:1 ratio. This conversion is in line with the terms of issue of the CCPS.

Board Approval

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 8, 2025.

GG Dandekar Properties Limited continues to focus on its core business of leasing immovable properties while managing its financial and tax-related matters. The significant land sale during the quarter has positively impacted the company's financial performance.