Result of Postal Ballot

| Updated on March 18, 2011 Published on March 18, 2011

Godrej Properties Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority :

1. Amending the terms of the existing Godrej Properties Limited Employee Stock Option Plan ("GPL ESOP").

2.1 Approval of a new employee stock grant scheme namely Godrej Properties Limited Employee Stock Grant Scheme 2011 for the benefit of the employees of the Company.

2.2 Extending the benefits of GPL ESGS to the employees of Holding and Subsidiary Companies.

3. To make investment in and/or to make loan(s) or place inter-corporate deposits with and/or any other form of debt and/or to provide any security(ies) in connection with such loan (s) and/or give guarantees in connection with loan(s) given by any other person to and/or acquire by way of subscription, purchase or otherwise the securities of Body Corporate to be formed or incorporated by the Company for the development of the proposed project of the Company located in Hyderabad up to an amount not exceeding Rs. 35.00,00,000 (Rupees Thirty Five Crores only).

Source : BSE - >www.bseindia.com

Published on March 18, 2011
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