Held on 27 January 2015
Godrej Properties announced that the Board of Directors of the Company at its meeting held on 27 January 2015 approved the following:1. Re-appointment of Pirojsha Godrej as the Managing Director & Chief Executive Officer of the Company for a further period of 3 (three) years commencing from 01 April 2015 to 31 March 2018, subject to the approval of the members of the Company.
2. Merger of one of its subsidiary company (Godrej Premium Builders) with a wholly owned subsidiary (Godrej Projects Development), in its capacity as a shareholder, through a Scheme of Amalgamation, subject to the necessary approvals as may be required.
3. Increase the quantum of the stock options available for grant under Godrej Properties Employee Stock Grant Scheme 2011, from 6,00,000 options to 15,00,000 options, subject to the approval of the members of the Company.
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