Godrej Properties Limited's Nomination and Remuneration Committee has approved new stock option grants while simultaneously noting the lapse of previously issued grants under its Employee Stock Grant Scheme. The committee meeting, held on February 05, 2026, addressed both the allocation of fresh options and the formal recording of lapsed grants.

Stock Option Grant Details

The committee approved the grant of 152 stock options to an eligible employee under the GPL Employee Stock Grant Scheme (GPL ESGS). These grants comply with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Each stock option entitles the holder to apply for one equity share of the company with a face value of ₹5. The options will vest over a period of three years and must be exercised within one month from the date of vesting, though the Nomination and Remuneration Committee may determine alternative exercise periods.

Lapsed Stock Grants

The committee formally noted the lapse of 1954 stock grants that were previously issued under the GPL ESGS to eligible employees. The lapse of these grants means the affected employees have forfeited all rights to claim any portion of these stock options.

Committee Meeting Details

The Nomination and Remuneration Committee meeting commenced at 10:00 a.m. and concluded at 10:45 a.m. on February 05, 2026. The decisions were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The intimation was signed by Ashish Karyekar, Company Secretary, and communicated to both BSE Limited and the National Stock Exchange of India Limited as per regulatory requirements.

Godrej Properties delivered exceptional booking performance in Q3FY26, with booking value surging 55% year-over-year to ₹8,421 crores. The real estate developer has now achieved 74% of its annual booking value goal and is positioned to exceed its FY26 target of ₹32,500 crores. Additionally, the company anticipates hitting its full-year FY26 collections target of ₹21,000 crores, having achieved 57% so far, with deliveries expected in Q4.

Business Development Target Achievement

The company has demonstrated exceptional performance in business development, reaching 123% of its annual business development target in the first nine months of FY26. This achievement underscores the company's strong execution capabilities and strategic focus on expanding its project portfolio.

Operating Cash Flow Projections

Godrej Properties expects to exceed its FY25 operating cash flow in FY26, with projections indicating strong operating cash flow in Q4 driven by higher deliveries and collections. This positive outlook reflects the company's robust operational performance and effective cash conversion capabilities.

Annual Target Achievement Progress

The company's strong performance trajectory indicates robust execution capabilities across both booking and collections metrics. Having achieved nearly three-quarters of its booking target and over half of its collections goal, Godrej Properties demonstrates comprehensive operational excellence.

Quarterly Financial Performance

The company achieved remarkable booking and collections growth across both quarterly and nine-month periods, reflecting strong market demand and successful project launches. The booking performance indicates healthy customer interest and effective sales execution.