Nature of the Event

The 87th Annual General Meeting (AGM) of G. G. Dandekar Properties Limited was held on Friday, 4th September 2026 through Video Conferencing/Other Audio-Visual Means, in compliance with circulars from the Ministry of Corporate Affairs and SEBI.

Attendees and Governance

The meeting was chaired by Mr. Purab Gujar, Non-Executive Director and Chairperson. The following Directors and Key Managerial Personnel (KMP) were present:

  • Mr. Purab Gujar: Chairperson, Non-Executive Non-Independent Director
  • Mr. Pranav Deshpande: Executive Director
  • CA Sanket Deshpande: Independent Director and Chairperson of the Audit Committee
  • Adv. Rahul Kothari: Independent Director (Chairman of Stakeholders Relationship Committee and Nomination & Remuneration Committee)
  • CA Vibha Surana: Non-Executive Non-Independent Director
  • Mr. Pankaj Parkhi: Chief Executive Officer (CFO)
  • CS Ashwini Paranjape: Company Secretary and Compliance Officer

Other attendees included CA Swanand Kulkarni (Partner, CNKJBMS & Associates, representing statutory auditors) and CS Bhavna Rokade (Partner, Bokil Punde & Associates, appointed as the scrutinizer).

Procedural Details and Shareholder Participation

The company secretary confirmed that the presence of members joining through VC was reckoned for quorum. The Notice and Annual Report for FY 2024-25 had been circulated via email and were available on the company and BSE websites. The Independent Auditor's Report was not read as it contained no qualifications. Four shareholders registered as speaker shareholders and were given the floor to ask questions, which were answered by the Chairman and Executive Director.

Remote E-Voting Process

The remote e-voting period was from Tuesday, 1st September 2026 at 9:00 AM IST to Thursday, 3rd September 2026 at 5:00 PM IST. Members present at the AGM who had not voted remotely were given a 15-minute window to vote via the NSDL e-voting system. CS Bhavana Rokade was appointed as the Scrutinizer to scrutinize the process. The Scrutinizer's report is to be submitted to the stock exchange and uploaded on the company website within two working days of the AGM conclusion. Mr. Purab Gujar authorized Mr. Pranav Deshpande and/or Ms. Ashwini Paranjape to announce the results.

Financial and Operational Performance (FY26)

The company operates in a single vertical: commercial real estate leasing, with properties in Pune and Nagpur.

  • Turnover: Achieved ₹4.41 crores for FY26, compared to ₹4.21 crores in the previous year.
  • Profit/Loss: Incurred a loss before exceptional items and tax of ₹75.65 lakhs, compared to a loss of ₹1.46 crores in the previous year. The loss was attributed mainly to non-cash expenses like building depreciation.
  • Cash Flow: Generated a positive cash flow from operations of ₹55.93 lakhs for the year ending 31st March 2026.
  • No new properties were added to the portfolio during the year.

Update on Associate Company - Navasyam Dandekar Private Limited (NDPL)

NDPL operates in the food processing industry, supplying products for dal and rice mills in India and abroad. It is an associate company of G.G. Dandekar.

  • NDPL Financials (FY26): Achieved a turnover of ₹37 crores (prev. year: ₹32 crores), Profit Before Tax of ₹386 lakhs (prev. year: ₹91 lakhs), and Profit After Tax of ₹305 lakhs (prev. year: ₹71 lakhs).
  • Change in Shareholding: G.G. Dandekar's shareholding in NDPL reduced from 49% to 33.31%.
  • Transaction Details: On 8th August 2025, 14,989 Compulsorily Convertible Preference Shares (CCPS) with a 6% coupon were converted into equity shares of ₹1 each at a 1:1 ratio. The company subsequently participated in a buyback offer by NDPL, tendering 30,730 shares. The buyback was completed on 27th November, realizing ₹2.32 crores for G.G. Dandekar.

Other Disclosures

The Secretarial Audit Report for FY26 contained certain observations. The management's responses to these observations were covered in the Board's Report, which forms part of the Annual Report. Members were directed to refer to the annual report for details.

Meeting Timings

The meeting commenced at 11:10 AM IST and concluded at 11:42 AM IST. The facility for e-voting for members present at the AGM was closed at 11:57 AM IST.

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