Godrej Properties Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III and other applicable provisions.

Board Approval and Effective Dates

  • The Board of Directors approved the re-designation on August 13, 2026, at 09:43 a.m., based on the recommendation of the Nomination and Remuneration Committee.
  • The re-designation is subject to the approval of the company's members.
  • Pirojsha Godrej shall cease to be a Key Managerial Personnel (KMP) of the Company with effect from the closure of business hours on August 13, 2026.
  • He will assume the position of "Non-Executive Chairperson" with effect from August 14, 2026.

Reason for Change

The change is a result of a planned generational transition within the Godrej Industries Group. Pirojsha Godrej will succeed Nadir Godrej as the Executive Chairperson of Godrej Industries Limited and as the Chairperson of the Godrej Industries Group, effective August 14, 2026.

Future Role and Responsibilities

Following the re-designation, Pirojsha Godrej will continue to provide strategic guidance to Godrej Properties Limited. His responsibilities will include overseeing the company's long-term vision and growth agenda, supporting key stakeholder relationships, and mentoring the senior leadership team.

Director Profile and Background

Pirojsha Godrej is the Chairperson Designate of the Godrej Industries Group and also serves as Chairperson of Godrej Capital and Godrej Ventures. Under his leadership, the Godrej Industries Group has delivered over 20% compounded annual growth in both sales and net profits over the five years leading up to FY26. The group's companies are ranked number one globally in their respective categories on the Dow Jones Best-in-Class Indices in 2025. Godrej Properties secured the top global ranking in the Global Real Estate Sustainability Benchmark (GRESB) 2025. He led Godrej Properties to become the largest real estate developer in India by residential sales in FY21, a position it continues to hold. He is a graduate of the Wharton School of Business, holds a Master's in International Affairs from Columbia University, and an MBA from Columbia Business School.

Financial Impact

The disclosure does not quantify any specific financial impact resulting from this re-designation.