Godrej Properties Ltd - 533150 - Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Godrej Industries Limited Godrej Properties Ltd - 533150 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ensemble Holdings and Finance Limited Godrej Properties Ltd - 533150 - Intimation Under Regulation 30 And 47 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') - Newspaper Advertisements For Notice Of Postal Ballot (Including Remote E-Voting)
Dear Sir/Madam, Please find enclosed herewith, copies of the newspaper advertisements published on May 19, 2020 in Financial Express - all India editions (in English) and Loksatta - Mumbai edition (in Marathi) with respect to completion of dispatch of Notice of Postal Ballot (including Remote E-voting) along with Postal Ballot Form to the Members by way of an E-mail. The above information is also available on the website of the Company at www.godrejproperties.com. This is for your information and record. Godrej Properties Ltd - 533150 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Dear Sir/Madam, Pursuant to Regulation 30 of SEBI LODR, please find enclosed a copy of the Postal Ballot Notice together with the Explanatory Statement sent to the members by email for seeking their approval through postal ballot(including remote e-voting) on the following Resolutions: 1. To approve increase in the borrowing limits from Rs. 2,750 crore to Rs. 4,000 crore or the aggregate of the paid up share capital, free reserves and securities premium of the Company, whichever is higher. 2. To approve increase in limits for creation of charge/mortgage/hypothecation from Rs. 2,750 crore to Rs. 4,000 crore or the aggregate of the paid up share capital, free reserves and securities premium of the Company, whichever is higher. The voting through Postal Ballot and through e-voting will commence from Wednesday, May 20,2020 (09:00 a.m) and shall end on Thursday, June 18, 2020 (05:00 p.m) The results of the postal Ballot will be announced on Friday, June 19, 2020 This is for your information Godrej Properties gains on sales
The stock of Godrej Properties, a Mumbai-based realty player, gained 1 per cent last week on the back of healthy new sales bookings in Q4FY20. The com Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Dear Sir/Madam, Please find a transcript of the conference call with the Investors/ Analysts held on Monday, May 11, 2020. This is for your information and records. Thank you, Godrej Properties Ltd - 533150 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayGodrej Properties Ltd 2CINL74120MH1985PLC035308 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 500.00 4Highest Credit Rating during the previous FY AA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: Surender Varma Designation: Company Secretary & Chief Legal Officer EmailId: secretarial@godrejproperties.com Name of the Chief Financial Officer: Rajendra Khetawat Designation: Chief Financial Officer EmailId: secretarial@godrejproperties.com Date: 12/05/2020 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. Godrej Properties Ltd - 533150 - Format of the Annual Disclosure to be made by an entity identified as a Large Corporate
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Compay Godrej Properties Ltd 2 CIN L74120MH1985PLC035308 3 Report filed for FY 2019-2020 Details of the borrowings (all figures in Rs crore) 4 Incremental borrowing done in FY(a) 0 5 Mandatory borrowing to be done through issuance of debt securities(b) = (25% of a) 0 6 Actual borrowings done through debt securities in FY(c) 0 7 Shortfall in the mandatory borrowing through debt securities, if any (d) = (b) - (c) { If the calculated value is zero or negative, write 'nil'} 0 8 Reasons for shortfall, if any, in mandatory borrowings through debt securities NA Name of the Company Secretary :-Surender VarmaDesignation :-Company Secretary and Chief Legal Officer Name of the Chief Financial Officer :- Rajendra Khetawat Designation : -Chief Financial Officer Date: 31/01/2020
Godrej Properties share price declines post Q4 nos; brokerages maintain buy
Company's revenue from operations increased 10.4 percent year-on-year to Rs 1,163.05 crore in Q4FY20.
Earnings Call Transcript - Q4FY20 and Full Year for Godrej Properties
Conference Call between Godrej Properties Management and Analysts on Q4FY20 and Full Year performance and outlook. Listen in to the full transcript. Key Highlights from Executive Chairman, Godrej Properties, Pirojshah Godrej - We are looking after the approximately 10,000 construction workers currently remaining at our sites. There will be a near term impact on construction progress. Even post lockdown construction will not come back to 100% speed overnight. - We are well placed to weather this situation, thanks to the nearly Rs. 2500 crore cash on our balance sheet. We will focus on cost containment and cash generation. We will also benefit in the medium term in our shift away from labor intensive to precast construction. - We expect a reduction in sales in the short-term. However we believe over time there will be an increased desire to pursue home ownership and the security it offers. In China April residential sales showed strong YoY growth after the worst of the pandemic had passed, and we expect the same to happen here in India. - We expect COVID19 to speed up the process of industry consolidation, as buyers become more inclined to purchase from established developers rather than smaller ones. We believe smaller developers will partner with larger developers with strong balance sheets and execution capabilities. - This quarter was a strong one - we had our highest ever residential cash collection of Rs. 1,401 crore which led to positive net operational cash flow of Rs. 484 crore. This was made possible by the Godrej Properties team. The total sales of the quarter stood at Rs. 2,383 crore, a QoQ growth of 100% and YoY growth of 10% despite Q4FY19 being our previous best ever. - The volumes sold over the quarter was 3.61 mn sq feet, including over 500 apartments sold in the second half of March. One of the key sales highlights: we were able to launch 3 new projects in the same city in one quarter, selling nearly 700 crore worth of homes (Pune). - Buyer sentiment has been hit particularly at the higher end of the market with COVID19. - Total value of bookings in FY20 stood at Rs. 5915 crore, highest ever from GPL, and 8.8 mn square feet also the highest ever. We also sold 1.1 mn square feet of bookings over Rs. 1000 crore in major cities. We also saw rapid construction completion in multiple projects, and we are reducing the construction timeline for projects. - In Q4FY20 our revenues increased by 5% to Rs. 1,261 crore, and net profits at Rs. 101 crore. Full year revenues stood at Rs. 2,829 crore and net profit increased 6% to Rs. 267 crore. GPL added ten new projects during the year with a saleable area of 19 million square feet.