Godrej Properties Limited

Key Event Details

The Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT) has approved via order dated August 25, 2026 the selective reduction of equity share capital of Godrej Redevelopers (Mumbai) Private Limited (GRMPL), a step-down subsidiary held through wholly owned subsidiary Godrej Projects Development Limited (GPDL).

Capital Reduction Mechanics

The reduction involves cancelling and extinguishing 47.32% equity stake (26,506 equity shares of ₹10 each) held by Shubh Properties Coöperatief U.A. without any consideration. The certified copy of the NCLT order is awaited.

Implementation Timeline

GRMPL must file the NCLT order with the Registrar of Companies (RoC) within 30 days of receiving the certified copy. The capital reduction takes effect upon filing with RoC.

Capital Structure Impact

Pre-reduction: GRMPL paid-up equity share capital of 56,014 equity shares of ₹10 each, amounting to ₹5,60,140.

Post-reduction: Equity share capital reduces to 29,508 equity shares of ₹10 each, amounting to ₹2,95,080.

Ownership Change

GPDL's shareholding in GRMPL increases from 51% to 96.81% based on the overall paid-up share capital post-reduction.

Target Entity Details

Godrej Redevelopers (Mumbai) Private Limited (GRMPL)

  • Incorporated: February 8, 2013 under Companies Act, 1956
  • Business: Real estate development and related activities
  • Operations: Only in India
  • Paid-up capital: ₹5,60,140 (56,014 equity shares of ₹10 each)

Financial Performance

Turnover as per audited financial statements:

  • FY 2025-26: NIL
  • FY 2024-25: NIL
  • FY 2023-24: ₹0.28 crore

Transaction Characteristics

  • Nature: Selective capital reduction without consideration
  • Not a related party transaction
  • Godrej Properties Limited not directly involved in reduction
  • Arm's length basis: Not applicable (no consideration involved)
  • Cost of acquisition: Not applicable