Updates

Godrej Properties Ltd. Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079. India Tel.: +91-22-6169-8500 Fax: +91-22-6169-8888 Website: www.godrejproperties.com CIN: L74120MH1985PLC035308 July 09, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Ref: Godrej Properties Limited BSE - Scrip Code: 533150, Scrip ID - GODREJPROP BSE- Security Code – 974951, 975090, 975091, 975856, 975857, 976000 – Debt Segment NSE Symbol – GODREJPROP Sub: - Communication to Shareholders - Intimation on Tax Deduction on Dividend Dear Sir/ Madam, Pursuant to provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of the shareholders. In this regard, please find enclosed herewith an email communication which has been sent to all the shareholders having their email ID’s registered with the Company/ Register and Share Transfer Agents/ Depositories, elaborating the process to be followed in respect of the applicability of tax deduction and formalities to be complied by the shareholders to ensure appropriate deduction of tax on the dividend, if declared and payable during the financial year 2026-27. The above information is also available on the website of the Company at www.godrejproperties.com. This is for your information and records. Thank you. Yours truly, For Godrej Properties Limited Ashish Karyekar Company Secretary Encl: a/a Godrej Properties Limited CIN: L74120MH1985PLC035308 Registered Office: Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400 079; Tel No: 022 – 6169 8500 Email: secretarial@godrejproperties.com, website: www.godrejproperties.com THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Intimation of Tax Deduction at Source (TDS) / Withholding Tax on Dividend for Financial Year 2025-26 Date: July 9, 2026 Name of the Shareholder :…………………………….. Ref: Folio / DP Id & Client Id No :……………….. Dear Shareholder, We are pleased to inform you that the Board of Directors of the Company, at its Meeting held on May 4, 2026 has recommended a dividend of Rs. 10 (200%) per equity share of face value of Rs. 5 each for the Financial Year ended March 31, 2026. The Board has fixed Tuesday, July 28, 2026, as the record date for determining entitlement of members to receive the dividend. The dividend, if approved by the Members, will be paid within the prescribed period of 30 days from the date of the forthcoming Annual General Meeting ("AGM") scheduled to be held on Tuesday, August 4, 2026. As per the Income-tax Act, 2025 (“Act”), dividends paid and distributed by a Company shall be taxable in the hands of the Shareholders. The Company shall, therefore, be required to deduct tax at source ("TDS") at the time of making the payment of the dividend at the rates applicable on the amount distributed to the shareholders, if approved at the forthcoming AGM. All shareholders are requested to ensure that the details such as Permanent Account Number (PAN), residential status, category of shareholder (e.g. Domestic Company, Foreign Company, Individual, Firm, LLP, HUF, Foreign Portfolio Investor (FPI), Foreign Institutional Investor (FII), Government, Trust, Alternate Investment Fund - Category I, II or III, etc.), email id and address, bank mandate are updated, in their respective demat account(s) maintained with the Depository Participants. Please note that these details as available on the Record Date i.e. July 28, 2026, will be relied upon by the Company for the purpose of complying with the applicable withholding tax provisions. As per the SEBI notification dated November 18, 2025 read with Master Circular for Registrar to an Issue and Share Transfer Agents dated February 6, 2026 companies are required to pay dividends to shareholders only through electronic mode. Accordingly, dividends will be withheld by the Company where bank details are inadequate or not registered for electronic remittance. Shareholders holding shares in physical folios are requested to note that SEBI vide its circular has mandated that with effect from April 1, 2024, dividend to security holders (holding securities in physical form), shall be paid only through electronic mode. Such payment shall be made only after furnishing the PAN, choice of nomination, contact details including mobile number, bank account details and specimen signature. The shareholders holding shares in physical form are requested to register their PAN and KYC details with the Company/ RTA for payment of dividend(s). The relevant investor service request forms in this regard are available on the website of the Company at investor service request and RTA at KFintech. This communication provides a brief of the applicable TDS / Withholding tax provisions under the Act for Resident and Non-Resident shareholder categories. I. FOR RESIDENT SHAREHOLDERS Tax is required to be deducted at source under Section 393(1) Table Sl. No. 7 of the Act at the rate of 10% on the amount of dividend, where shareholders have registered their valid PAN. In case, shareholders do not have PAN or have invalid PAN or have not registered their valid PAN details with their Depository Participant / the Company's Registrar and Share Transfer Agent or shareholder's PAN is not linked with Aadhar, TDS at the rate of 20% shall be deducted under Section 397(2) of the Act. a. Resident Individuals No tax shall be deducted on the dividend payable to resident individuals if: 1. Total dividend amount to be received from the Company during the Tax Year 2026- 27 does not exceed Rs. 10,000; as per Section 393(4) Table Sl. No.10; or 2. The shareholder provides Form 121 (applicable to resident individuals / including Individuals above the age of 60 years), provided that all the required eligibility conditions are met. Please note that all fields are mandatorily to be filled up and the Company may at its sole discretion reject the form, if it does not fulfil the prescribed requirement of law; or 3. Exemption certificate, if any, issued by the Income-tax Department TDS_Form-121 to download Form 121. Note: Recording of PAN for the registered Folio / DP Id-Client Id is mandatory. b. Resident Non-Individuals The TDS for Resident shareholders (other than individuals) along with required documents are provided in Table below: Category of Tax Exemption Applicability/ Documents required Shareholder Deduction Rate Insurance Companies NIL Documentary evidence that the provisions of Section 393(4) [Table Sr. No. 10] of the Act are not applicable to them 1. PAN 2. Registration certificate 3. Self-declaration Click here Mutual Funds NIL Documentary evidence to prove that the mutual fund is a mutual fund specified under Section 11 of Schedule VII [Table Sr. No. 20] of the Act and is covered under Section 393(5) of the Act along with Self-declaration (Click here to download the format) Alternative Investment NIL Documentary evidence that the person is covered by fund (AIF) established/ Notification No. 51/2015 dated June 25, 2015 by the incorporated in India Ministry of Finance (CBDT) (OR) Self-declaration that its income is exempt under Section 11 - Schedule V [Table Sr. No. 1] of the Act and they are governed by SEBI regulations as Category I or Category II AIF along with the following documents 1. Self-attested copy of the PAN card 2. Registration certificate 3. Self-declaration (Click here to download the format) Recognized Provident NIL Self-attested copy of a valid order from Commissioner Fund under Rule 3 of Part A of Fourth Schedule to the Act (OR) Self-attested valid documentary evidence (e.g., relevant copy of registration, notification, order, etc.) in support of the provident fund being established under a scheme framed under the Employees Provident Funds Act, 1952 needs to be submitted along with Self-dec [Showing first 8,000 characters — download PDF for full document]