Company Overview

G. G. Dandekar Properties Limited submitted its 87th Annual Report for FY 2025-26 to BSE under SEBI Regulation 34, reporting a significant financial turnaround with standalone net profit of ₹273.07 lakhs versus loss of ₹21.20 lakhs previous year, and consolidated net profit of ₹161.88 lakhs including associate share.

Financial Performance Highlights

Standalone Financials (₹ in Lakhs)

  • Total Income: ₹441.80 (PY: ₹421.74)
  • Profit before tax from Operations: ₹284.61 (PY: (₹146.24))
  • Exceptional Items: ₹360.26 (gain from land sale and associate transactions)
  • Net Profit after Tax: ₹273.07 (PY: (₹21.20))
  • EPS: ₹5.74 (PY: (₹0.45))

Consolidated Financials (₹ in Lakhs)

  • Total Income: ₹437.41 (PY: ₹414.08)
  • Profit before tax from Operations: ₹52.89 (PY: (₹153.90))
  • Exceptional Items: ₹132.94 (net gain)
  • Net Profit for the year: ₹161.88 (PY: ₹6.11)
  • Share of Profit of Associate Company: ₹120.53

Significant Events and Transactions

Associate Company - Navasasyam Dandekar Private Limited (NDPL)

  • Converted 14,989 CCPS into equity shares on 8 August 2025
  • Participated in buyback of 30,730 equity shares for ₹232.32 lakhs, resulting in gain of ₹19.59 lakhs
  • Holding reduced from 49% to 33.31%, though NDPL remains an Associate Company
  • NDPL financial performance: Turnover ₹3,705.36 lakhs, PAT ₹305.38 lakhs

Property and Operational Updates

  • Investment Property: Carrying value ₹3,351.44 lakhs, generated rental income of ₹351.34 lakhs
  • Property Sale: Sold freehold land at Bhiwandi, recognizing gain of ₹394.94 lakhs (net)
  • Post-Balance Sheet Event: Service Agreement with Bootstart Spaces for office management
  • Registered Office Shift: Proposed relocation from Nagpur to Pune (special resolution)

Corporate Governance and AGM Details

87th AGM Date: September 4, 2026 via Video Conferencing

Agenda Items: Adoption of financial statements, reappointment of Ms. Vibha Surana as director, shifting registered office to Pune, and adoption of new Articles of Association

Regulatory and Compliance Matters

  • Auditors: CNK JBMS & Associates (Statutory), M/s. Bokil Punde and Associates (Secretarial)
  • Secretarial Audit Observations: Chairman absence at AGM, delayed filings, incomplete disclosures
  • Contingent Liabilities: ₹128.36 lakhs in income tax disputes, ₹22.64 lakhs wealth tax disputes
  • Borrowings: ₹380.12 lakhs total, secured by investment properties and fixed deposits

Capital Structure and Ownership

  • Share Capital: ₹47.61 lakhs (4,761,387 equity shares)
  • Promoter Holding: Jyotsna G. Kulkarni (60.18%), K.V. Development & Investment Company Pvt. Ltd. (5.64%)
  • 96.46% shares held in dematerialized form
  • No dividend recommended due to growth plans and funding requirements

Financial Position and Liquidity

  • Property, Plant and Equipment: ₹480.04 lakhs
  • Cash and cash equivalents: ₹45.81 lakhs
  • Other bank balances: ₹695.00 lakhs
  • Current tax assets (net): ₹183.93 lakhs
  • Strong liquidity position with total cash and bank balances of ₹740.81 lakhs