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Company Secretary
Enclaosas beodv e
PROPERTIES
BS R & Co. LLP 14th Floor, Central B Wing and North C Wing
Nesco IT Park 4, Nesco Center
Western Express Highway
Chartered Accountants
Goregaon (East), Mumbai - 400 063, India
Telephone: +91 (22) 6257 1000
Fax: +91 (22)62571010
Limited Review Report on unaudited standalone financial results of Godrej
Properties Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 and
Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,
as prescribed in Securities and Exchange Board of India operational circular
SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended
To the Board of Directors of Godrej Properties Limited
1. We have revi•ewed the accompanying Statement of unaudited standalone financial results of Godrej
Properties Limited (hereinafter referred to as "the Company") for the quarter ended 30 June 2026
("the Statement") (in which are included interim financial information from branches in Singapore,
Qatar and Dubai).
2. This Statement, which is the responsibility of the Company's management and approved by its Board
of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under
Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India
and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India·
operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. Our
responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
4. Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported
in the Statement are the balancing figures between audited figures in respect of the full previous
financial year and the published year to date figures up to the third quarter of the previous financial
year. The figures up to the end of the third quarter of previous financial year had only been reviewed
and not subjected to audit.
5. Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying Statement, prepared in accordance with the recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard and other accounting principles
generally accepted in India, has not disclosed the information required to be disclosed in terms of
Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed
in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613
dated 10 August 2021, as amended, including the manner in which it is to be disclosed, or that it
contains any material misstatement.
6. We draw attention to Note 6 to the unaudited standalone financial results which states that the
managerial remuneration paid/payable by the Company to the Executive Chairperson for the year
ended 31 March 2026 exceeded the limits laid down under Section 197 of the Companies Act, 2013,
read with schedule V to the Act by Rs 21.76 crores. The aforesaid amount includes an additional
provision of Rs 0.19 crores recognised during the quarter ended 30 June 2026, consequent to the
final uneration determined based on the recommendation/approval of the Nomination and
Registorod Offico:
partno1'1hip finn with Rogiotration No. BA61223) convortod into BS R & Co. LLP (1 14th Floor, Contra! B \Mng and North C Wing, Nuco IT Park 4, No1co
1l~ty Partnership with LLP Regi1tr1tion No. AAB-8181) with effect from Octobar 14, 2013 Center, Weatem Expre11 Highway, Goregaon (E■at), Mumbai -400063
Page 1 of 2
BS R & Co. LLP
Limited Review Report (Continued)
Godrej Properties Limited
Remuneration Committee. Further, the remuneration by way of commission amounting to Rs 2.00
crores was paid/payable to the non-executive directors for the year ended 31 March 2026 as per the
limits laid down under Section 197 of the Companies Act, 2013, read with schedule V to the Act. In
accordance with the provisions of the Act, read with schedule V of the Act, the excess remuneration
to the Executive Chairperson and remuneration to non-executive directors is subject to shareholders'
approval, which the Company proposes to seek at the forthcoming Annual General Meeting.
Our conclusion is not modified in respect of this matter.
For B S R & Co. LLP
Chartered Accountants
Firm's Registration No.:101248W/W-100022
Partner
Mumbai Membership No.: 105149
04 August 2026 UDIN:26105149TSGPV81309
Page 2 of 2
•= GODREJ GODREJ PROPERTIES LIMITED P"f
PROPERTIES CIN: L74120MH1985PLC035308
RegdOffice • Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400 079. www.godrejproperties.com
Statement of Unaudited Standalone Financial Results for the Quarter Ended June 30, 2026
(INR in Crore)
Quarter Ended Year Ended
Sr. Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026
Audited
Unaudited Unaudited Audited
/Refer Note 51
1 Income
Revenue from operations 121.09 928.35 106.07 1,395.16
Other income 464
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