Godrej Properties has informed that the Board of Directors of the Company at its meeting held on March 23, 2013, has, subject to the approval of the members, approved the proposal to sub-divide the equity shares of nominal value of Rs.10 each of the Company into 2 equity shares of nominal value of Rs. 5 each from the Record Date to be announced after the proposal is approved by the members of the Company.
The Company will also seek approval of the members for Sub-division of shares by way of Postal Ballot pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011.
The above information is a part of company’s filings submitted to BSE.
