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, demonstrating comprehensive operational excellence across key business metrics.

Annual Target Achievement Progress

The company's strong performance trajectory indicates robust execution capabilities and market positioning. Having achieved nearly three-quarters of its annual target, Godrej Properties is well-positioned for target outperformance in the remaining quarter.

Quarterly Booking Performance

The company achieved remarkable booking value 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.

Collections Performance Highlights

Alongside strong booking growth, Godrej Properties maintained robust collections performance, demonstrating effective conversion of sales into cash flows. The collections metrics reflect the company's operational efficiency and project delivery capabilities.

Financial Results Overview

The company previously reported Q3 financial results with revenue of ₹5 billion and consolidated net profit growing 20.37% to ₹1.95 billion. The strong booking and collections performance, combined with progress toward annual targets, provides positive operational indicators for sustained business momentum.