Godrej Properties Approves 29,371 Stock Option Grants and Notes Lapse of 3,418 Stock Grants Under GPL ESGS

The Nomination and Remuneration Committee of godrej properties Limited, at its meeting held on May 04, 2026, approved a fresh grant of stock options and took note of the lapse of existing stock grants under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS). The disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee meeting commenced at 09:30 a.m. and concluded at 10:30 a.m.

Stock Option Grant Under GPL ESGS

The Committee approved the grant of 29,371 (Twenty Nine Thousand Three Hundred and Seventy One) stock options to eligible employees of the Company under the GPL ESGS. The grant is subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time. Key details of the grant are outlined below:

Parameter: Details Number of Stock Options Granted: 29,371 Exercise Price per Option: ₹5 (Rupee Five Only) Face Value per Equity Share: ₹5 (Rupee Five Only) Equity Shares per Option: 1 (one) Equity Share Vesting Period: 3 (three) years Exercise Window: 1 (one) month from date of vesting

Each stock option entitles the holder to apply for one equity share of the Company of face value ₹5. The options shall vest over a period of three years and are exercisable within one month from the date of vesting, or such other period as may be determined by the Nomination and Remuneration Committee.

Lapse of Stock Grants Under GPL ESGS

The Committee also took note of the lapse of 3,418 (Three Thousand Four Hundred and Eighteen) stock grants that had been previously issued to an eligible employee under the GPL ESGS. Consequent to the lapse of these stock grants, the concerned employee shall have no right to claim any part of the lapsed grants.

Key Highlights

29,371 new stock options granted to eligible employees under GPL ESGS

Exercise price set at ₹5 per option, with each option convertible into one equity share of face value ₹5

Options vest over 3 years and are exercisable within 1 month from the date of vesting

3,418 stock grants have lapsed; the concerned employee forfeits all rights to these grants

Disclosures made under Regulation 30 of SEBI (LODR) Regulations, 2015

The intimation was signed by Ashish Karyekar, Company Secretary, on behalf of Godrej Properties Limited.

Godrej Properties Ltd has announced significant changes in its senior management personnel pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made on April 29, 2026, detailing the resignation of a key executive and subsequent internal appointments effective from July 1, 2026.

Mr. Lalit Makhijani, Chief Sales, Marketing and Customer Centricity Officer, has tendered his resignation effective from the closure of business hours on June 30, 2026. In his resignation letter dated April 29, 2026, Mr. Makhijani stated he would be pursuing new professional opportunities outside Godrej Properties Limited. Having spent a decade with the company, he expressed gratitude for the opportunity to lead Revenue and Customer Centricity functions.

Management Appointments

The company has announced two key internal appointments to fill the leadership transition:

Executive New Role Effective Date Previous Role Mr. Subhasish Pattanaik Chief Sales, Marketing and Customer Centricity Officer July 01, 2026 Zonal CEO – West East Mr. Mayank Poddar Zonal CEO – West East July 01, 2026 Head – Strategic Initiatives

Mr. Subhasish Pattanaik, who is already a member of the GPL Management Committee, has led the West East Zone with focus on execution and business development. Under his leadership, Pune continues to be a city where GPL maintains market leadership position. He joined the company in 2008 and has served across various roles including Business Head for NCR 1, Region Head for South Zone 1, and Sales & Marketing Head for South Zone.

Profile of New Zonal CEO

Mr. Mayank Poddar brings over 16 years of experience to his new role as Zonal CEO – West East. He completed his MBA from IIM Calcutta in 2010 and joined GPL in 2014. In his current role as Head – Strategic Initiatives, he has been instrumental in driving quality transformation initiatives, CoC acceleration programs, and BRM and labour initiatives. Previously at The Trees, Vikhroli, he successfully led strategy, sales, legal and liaison functions, overseeing integrated development from master planning to delivery.

The company has enclosed detailed disclosures regarding the cessation and appointment of senior management personnel as required under SEBI Master Circular dated January 30, 2026, along with the copy of resignation letter received from Mr. Lalit Makhijani.

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