Godrej Properties Recommends ₹10 Dividend; Sets July 28 Record Date, Aug 4 AGM
Godrej Properties recommended a dividend of ₹10 per equity share for FY26. The record date is July 28, 2026, and the AGM is scheduled for August 4, 2026. Shareholders must ensure updated details for tax deduction at source (TDS) compliance.
The dividend announcement and the detailed tax information are important for shareholders, particularly concerning compliance and potential tax liabilities. The record date and AGM details are material events for investors.
The announcement details a dividend recommendation and the associated tax implications and procedural requirements for shareholders. While a dividend is generally positive, the focus on tax deduction and compliance makes the overall sentiment neutral.
Godrej Properties Limited (GODREJPROP) has announced that its Board of Directors, in a meeting held on May 4, 2026, recommended a dividend of ₹10 (200%) per equity share of face value ₹5 each for the Financial Year ended March 31, 2026. The company has fixed Tuesday, July 28, 2026, as the record date for determining shareholder entitlements.
If approved by the shareholders at the forthcoming Annual General Meeting (AGM), the dividend will be paid within 30 days of the AGM. The AGM is scheduled to be held on Tuesday, August 4, 2026. As per the Income-tax Act, 2025, dividends are taxable in the hands of shareholders, and the company will be required to deduct tax at source (TDS) at applicable rates at the time of payment.
The company has issued detailed communication to its shareholders regarding the applicability of tax deduction and the formalities required to ensure appropriate TDS on the dividend. Shareholders are urged to ensure their Permanent Account Number (PAN), residential status, category, email ID, address, and bank mandate are updated with their Depository Participants or the Company's Registrar and Share Transfer Agents. This information, as available on the record date, will be used for TDS compliance. Dividends will be paid electronically, and withholding will occur if bank details are inadequate.
What to do with a filing like this
Godrej Properties Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Godrej Properties Limited. Read the original for the full detail.