NSEAction(s) initiated or orders passed1d ago · 1 Oct 2026, 07:58 pm

Action(s) initiated or orders passed

Godrej Properties Limited · GODREJPROP

✦ AI Summary▼ NegativeRegulatory

Godrej Properties Limited has received a letter from the Ministry of Environment, Forest and Climate Change revoking the Environmental Clearance granted for the commercial building 'Godrej Eternia' in Chandigarh. The company denies the allegation of violating the Environmental Clearance and has filed an appeal against the revocation before the National Green Tribunal.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment2/10

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Godrej Properties Limited has informed the Exchange about Action(s) initiated or orders passed

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GODREJPROP_01102026195818_SEIntimation01102026.pdf

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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 October 1, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 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 - Script Code: 533150, Scrip ID - GODREJPROP BSE - Security Code - 974951, 975090, 975091, 975856, 975857, 976000 - Debt Segment NSE - GODREJPROP Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and further to our letters dated July 26, 2024 and February 26, 2025 regarding the commercial building developed by the Company under the name “Godrej Eternia” situated at Chandigarh, we hereby inform that the Company has received a letter dated September 30, 2026 from the Ministry of Environment, Forest and Climate Change (“MoEFCC”) revoking the Environmental Clearance granted for the said commercial building. We strongly believe that the said revocation proceeds on an erroneous premise and is unsustainable in law. We have acted in accordance with the approvals granted to us by the competent authorities. We have already appealed against the said letter before the National Green Tribunal (“NGT”), and are confident of our position on the merits. The details as required under Regulation 30 of the Listing Regulations are given in Annexure A. The Company remains committed to compliance with all applicable regulatory requirements in relation to the project. This is for your information and records. Thanking you, Yours truly, For Godrej Properties Limited Ashish Karyekar Company Secretary Annexure: A The details required under Regulation 30 read with sub-paragraph 20 of Para A of Part A of Schedule III to the SEBI Listing Regulations are set out below: Name of the Authority Ministry of Environment, Forest and Climate Change Nature and details of the action(s) taken or order(s) Revocation of Environmental Clearance granted to the passed commercial building known as Godrej Eternia situated at Chandigarh Date of receipt of direction or order, including any ad-interim or interim orders, or any other September 30, 2026 communication from the authority Details of the violation(s)/contravention(s) The MoEFCC alleges that the Project, Godrej Eternia committed or alleged to be committed; (“Project”), falls within 10 km of the Sukhna Wildlife Sanctuary, and that clearance from the Standing Committee of the National Board for Wildlife (“NBWL”) was therefore required but not obtained, in purported violation of the Environmental Clearance (“EC”) for the Project. The Company denies this allegation. The EC at no point required the Company to obtain clearance from NBWL. Moreover, the Union Territory of Chandigarh, by its Gazette Notification dated January 18, 2017, conclusively notified the final limits of the Environmentally Sensitive Zone (“ESZ”) as extending up to a maximum of 2.75 km from the boundary of the Sukhna Wildlife Sanctuary. The Project is located 6.6 km from that boundary, which is more than twice the notified limit and clearly outside the ESZ. The question of NBWL clearance therefore does not arise. The said revocation comes a full ten years after the Project was completed with all requisite approvals, and notwithstanding the Company's full compliance with the conditions of the EC. The Company has at all times acted in good faith and strictly in accordance with the approvals granted to it by the competent authorities. Impact on financial, operation or other activities of The Company has already filed an appeal against the the listed entity, quantifiable in monetary terms to said letter before the NGT and is confident of its the extent possible. position on the merits of the matter. The matter is thus sub judice.