GG Dandekar withdraws ITAT appeals, opts for tax scheme

GG Dandekar Properties withdrew ITAT appeals for AY 2011-12 & 2013-14 after filing under Direct Tax Vivad se Viswas Scheme 2024. Matter now pending with Income Tax department for resolution.

G.G. Dandekar Properties Q3FY26 Results Announced

G.G. Dandekar Properties reported Q3FY26 results with revenue of ₹80.54 lakhs and net loss of ₹68.50 lakhs. Nine-month revenue reached ₹269.81 lakhs with net profit of ₹290.06 lakhs.

G.G. Dandekar Properties Reports Strong Q2 Performance with Land Sale Boosting Half-Year Results

G.G. Dandekar Properties Limited reported quarterly results for the period ended September 30, 2025. The company recorded revenue from operations of Rs 82.78 lakhs in Q2 compared to Rs 106.49 lakhs in Q1 and Rs 87.28 lakhs in the same quarter last year. For the half-year period, revenue reached Rs 189.27 lakhs versus Rs 160.22 lakhs in the previous year. The company sold freehold land measuring 3,601 sq. meters in Bhiwandi for Rs 401 lakhs during Q1, with the net gain presented as an exceptional item. Basic and diluted earnings per share stood at negative Rs 0.52 for Q2. The company operates solely in leasing of immovable properties. Total financial indebtedness including short-term and long-term debt amounts to Rs 3.95 crores. The company has ongoing income tax matters under the Vivad se Vishwas Scheme with no progress during the quarter. The board approved the quarterly results and authorized their submission to stock exchanges.

G.G. Dandekar Properties Receives Buyback Offer from Associate Company

G.G. Dandekar Properties Limited received a buyback offer letter from its associate company Navasasyam Dandekar Private Limited. The associate company proposes to buyback 30,730 equity shares at INR 756 per share, representing 23.53% of its total paid-up equity share capital. The total buyback amount is INR 2.32 crores. G.G. Dandekar Properties currently holds 49% shareholding in the associate company. The buyback offer opens on November 7, 2025 and closes on November 21, 2025, with a record date of August 8, 2025. The company's Board of Directors will decide whether to participate in the offer, and the decision will be communicated to exchanges. G.G. Dandekar Properties expects no impact on its public holdings, promoter holdings, and capital structure from receiving this offer.