Godrej Properties Ltd. Response to NSE Surveillance Query

Date of Communication: September 10, 2026

Nature of Query

Godrej Properties responded to the National Stock Exchange of India Limited's letter (Ref: NSE/CM/Surveillance/17515 dated September 08, 2026) regarding a news item titled "Orris Infrastructure and Godrej Properties settles dispute over Gurugram project" published on www.economictimes.com.

Company's Clarification on Dispute Settlement

The company confirmed that negotiations and events related to the dispute were indeed taking place. Following discussions between the parties spanning over a month, the disputes concerning Godrej Air Project, Gurugram were amicably, finally, and conclusively settled by way of a Settlement Agreement dated August 25, 2026. This settlement also inures to the benefit of the Project's homebuyers. The parties are presently undertaking the steps necessary to implement the agreed actions under the Settlement Agreement, and such implementation is currently underway.

Trading Volume and Price Movement Clarification

The Company respectfully submitted that there was no material movement in the Company's share price on September 08, 2026 that is attributable to the said news item. The news item pertains to the Order dated September 03, 2026 passed by the Hon'ble Bombay High Court, recording execution of the Settlement Agreement.

Regulatory Compliance with SEBI Regulations

The Company confirmed that it has been, and continues to be, in compliance with its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Hon'ble Bombay High Court has listed the matter on September 24, 2026 for reporting compliance with its directions. The Company is of the view that disclosure ought to be made only upon conclusive fulfilment of the actions under the Settlement Agreement, so that the information placed before the exchanges and investors is complete and accurate.

Financial Impact Details

The estimated financial impact of the settlement on the Company is approximately INR 70 crore. The Company will update this in its public disclosure once the actions under the Settlement Agreement are completed.

Topic Tags: Regulatory Response, Legal Dispute Settlement, Court Matter, Financial Impact Disclosure, SEBI Compliance