Godrej Properties’ Board of Directors at its meeting held on December 9, 2013, by way of circular resolution has approved the Scheme of Amalgamation of Godrej Developers with Godrej Projects Development under sections 391 to 394 read with sections 78, 100 to 103 of the Companies Act, 1956.
The Scheme is subject to approval of the High Court of Judicature at Bombay and the shareholders of Godrej Developers and Godrej Projects Development, as may be directed by the High Court of Judicature at Bombay.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.