Godrej Properties has informed that pursuant to the provisions of the Godrej Properties Employees Stock Grant Scheme, 2011 (the ‘GPL ESGS’), the option grantees have exercised 1,836 stock grants equivalent to 1,836 Equity Shares of face value of Rs 5 each of the Company (the ‘Equity Shares’) during the exercise period. Accordingly, the duly authorised Allotment Committee of the Board of Directors of the Company on February 26, 2024 allotted 1,836 Equity Shares of Rs 5 per Equity Share to the option grantees in terms of the GPL ESGS. Consequently, with effect from February 26, 2024, the issued, subscribed and paid-up capital of the Company stands increased to Rs 1,39,02,07,370 consisting of 2,78,04,1474 equity shares of Rs 5 each. The resolution for allotment of equity shares under GPL ESGS was approved by the Allotment Committee of the Board of Directors at their meeting held on February 26, 2024 which commenced at 2:00 pm and concluded at 2:30 pm.
