Company Update

G. G. Dandekar Properties Limited's Board has approved sending a letter to its associate company, Navasasyam Dandekar Private Limited (NDPL), requesting the conversion of 14,989 Compulsorily Convertible Preference Shares (CCPS) into equity shares on a 1:1 basis.

This request, sent to NDPL, aims to formalize the company's equity stake.

The conversion, once completed, will change G. G. Dandekar Properties Limited's shareholding percentage in NDPL, a key development for their investment in the associate company.

Further updates will be provided upon actual conversion and its impact on shareholding.