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Godrej Properties
BSE: 533150|NSE: GODREJPROP|ISIN: INE484J01027|SECTOR: Construction & Contracting - Real Estate
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« Mar 14
Notes to Accounts Year End : Mar '15
 1.   Rights, preferences and restrictions attached to shares:
 
 The Company has only one class of equity share having a par value of
 Rs. 5/- per share. Each holder of equity shares is entitled to one vote
 per share held. The dividend proposed by the Board of Directors is
 subject to the approval of the Shareholders in the Annual General
 Meeting except in case of interim dividend. In the event of
 liquidation, the shareholders are eligible to receive the remaining
 assets of the Company after distribution of all preferential amounts,
 in proportion to their shareholding.
 
 2. Secured Cash Credit availed from Bank is secured by hypothecation of
 the current assets of the Company. Immovable property of the Company at
 Vikhroli, Mumbai - Godrej One (5th Floor) and Current Assets of Godrej
 Real Estate Private Limited (wholly owned subsidiary) is provided as
 collateral security and carries interest at Base Rate   0.35% p.a.
 effective rate 10.35%.
 
 3. Secured Short Term Loan availed from Bank is secured by
 hypothecation of the current assets of the Company. Immovable property
 of the Company at Vikhroli, Mumbai - Godrej One (5th Floor) and Current
 Assets of Godrej Real Estate Private Limited (wholly owned subsidiary)
 is provided as collateral security and carries interest at 10.00%,
 repayable on June 14, 2015.
 
 4. Unsecured -Over Draft facility amounting to Rs. 24.40 crore carries
 interest at Base Rate   25 basis point. Present effective rate is 9.90%
 p.a. Rs. 92.20 crore of Over Draft at Base Rate, present effective rate
 @ 10.25%.p.a. Unsecured Invoice Financing is availed amounting to Rs.
 36.61 crore carrying interest of 9.95% p.a.
 
 5. Other Unsecured Loans include:
 
 i) Short Term Loan amounting to Rs. 200.00 crore availed carrying
 interest at Base Rate   10 basis point p.a. Present effective rate is
 10.25% p.a. Out of the above Rs. 100.00 crore is repayable on September
 17, 2015, Rs. 30.00 crore is repayable on October 25, 2015 and Rs.
 70.00 crore is repayable on October 29, 2015.
 
 ii) Short Term Loan amounting to Rs. 120.00 crore is availed at rate of
 Interest 9.65 % p.a., repayable on September 03, 2015.
 
 iii) Rs. 100.00 crore availed from Commercial Papers carrying interest
 at 8.95% p.a., repayable on May 25, 2015.
 
 iv) Rs. 150.00 crore availed from Commercial Papers carrying interest
 at 8.95% p.a., repayable on May 26, 2015.
 
 6. i)   Rs. 50.00 crore availed from Commercial Papers carrying 
 interest at 9.50% p.a., repayable on April 28, 2015.
 
 ii) Rs. 100.00 crore availed from Commercial Papers carrying interest
 at 9.50% p.a., repayable on May 5, 2015.
 
 iii) Rs. 60.00 crore availed from Commercial Papers carrying interest
 at 9.64% p.a., repayable on May 18, 2015.
 
 vi) Rs. 75.00 crore availed from Commercial Papers carrying interest at
 9.65% p.a., repayable on May 29, 2015.
 
 v) Rs. 75.00 crore availed from Commercial Papers carrying interest at
 9.04% p.a., repayable on June 23, 2015.
 
 7.   Contingent Liabilities
 
 Matters                           Current Year        Previous Year
                                    Rs. Crore           Rs. Crore
 
 I) Claims against Company not 
 Acknowledged as debts:
 
 i) Claims against the Company 
 not acknowledged as debts 
 represent cases filed by               8.19                8.21
 parties in the Consumer forum, 
 Civil Court and High
 Court and disputed by the 
 Company as advised by our 
 advocates. In the
 opinion of the management 
 the claims are not sustainable
 
 ii) Claims against the Company
 under the Labour Laws for 
 disputed cases                         0.20                0.20
                                                            
 iii) Claims against the Company                            
 under Bombay Stamp Act ,1958           1.49                1.49
                                                            
 iv) Other Claims against the                               
 Company not acknowledged as debts      1.12                1.12
                                                            
 v) Claims against the Company                              
 under Income Tax Act, Appeal                               
 preferred to Deputy                    19.63               0.60
 Commissioner / Commissioner of                             
 Income Tax (Appeals)                                       
                                                            
 vi) Claims against the Company                             
 under MVAT, Appeal preferred                               
 to The Deputy Commissioner             0.62                0.62
 of Sales Taxes ((Appeals) IV),                             
 Mumbai                                                     
                                                            
 vii) Claim against the Company under                       
 HVAT, Civil Writ Petition preferred    1.78                1.56
 in the High Court for The States of                        
 Punjab and Haryana at Chandigarh                           
                                                            
 viii) Appeal preferred to Customs,                         
 Excise and Service Tax Appellate       35.99               33.51
 tribunal at Bengaluru                                      
                                                            
 II) Guarantees:                                            
                                                            
 i) Guarantees given by Bank,counter                        
 guaranteed by the Company              31.09               31.52
                                                            
 III) Other Money for which Company                         
 is contingently liable                                     
                                                            
 i) Letter of credit opened by Bank on                      
 behalf of the Company                  3.27                1.20
                                                            
 8. Dues to Micro and Small Enterprise
 
 Disclosure of trade payables and other liabilities is based on the
 information available with the Company regarding the status of the
 suppliers as defined under the Micro, Small & Medium Enterprises
 Development Act 2006. There is no amount overdue as on 31st March,
 2015to Micro & Small Enterprises on account of principal amount
 together with interest and also during the previous year.
 
 9. Employee Stock Option Plan
 
 The employee share based payment plans have been accounted based on the
 intrinsic value method and no compensation expense has been recognized
 since the price of the underlying equity shares on the grant date is
 same /less than exercise price of the option, the intrinsic value of
 option, therefore being determined as Rs. Nil.
 
 b) The Securities and Exchange Board of India (SEBI), during the year
 ended March 31,2015, has issued the SEBI Share Based Employee Benefits
 Regulation 2014 (the Regulation) which requires the accounting
 treatment tor employee share based payments to be based on the Guidance
 Note on Accounting tor Employee Share-Based Payments issued by the
 Institute of Chartered Accountants of India (the Guidance Note).
 Accordingly, based on the requirements of the Guidance Note, the
 Company has not considered the ESOP Trust tor inclusion in the
 standalone financial statements tor the year ended March 31,2015.
 Consequently these financial statements do not include the assets and
 liabilities of the ESOP trust and to that extent, the previous year
 figures are not comparable.
 
 c)    The Company has provided loan ofRs. 44.02 crore to GPL ESOP 
 Trust, which has purchased shares of GPL from Godrej Industries
 Limited equivalent to the number of stock options granted
 from time to time to eligible employees. The Market Value as on March
 31, 2015, of the shares held by the ESOP trust is lower than the
 holding cost of these shares by Rs. 13.33 crore (Net of Provision of
 Rs. 5.89 crore). The repayment of the loans granted by the Company to
 ESOP Trust is dependent on the exercise of the options by the employees
 and the market price of the underlying shares of the unexercised
 options at the end of the exercise period. The fall in value of the
 underlying equity shares is on account of market volatility and the
 loss, if any, can be determined only at the end of the exercise period.
 
 d) The Company has provided loan of Rs. 5.56 crore (Previous Year Rs.
 7.48 crore) to Godrej Industries Limited Employee Stock Option Scheme
 (GIL ESOP Trust), which purchases shares of GIL from the market
 equivalent to the number of stock options granted from time to time to
 eligible employees. The repayment of the loans granted by the Company
 to ESOP trust is dependent on the exercise of the options by the
 employees and the market price of the underlying shares of the
 unexercised options at the end of the exercise period.
 
 10. The amount of exchange difference included in the Statement of 
 Profit  and Loss, is Rs. 0.01 crore (Net Gain) under the head Other 
 Income  (Previous Year Rs. 0.00 (net gain)). *
 
 * Amount less than Rs. 50,000/-
 
 11. Defined Benefit Plans:
 
 Contribution to Gratuity Fund
 
 Gratuity is payable to all eligible employees on death or on
 separation/termination in terms of the provisions of the Payment of
 Gratuity Act or as per the Company''s policy whichever is beneficial to
 the employees.
 
 The following fable sets out the funded status of the gratuity plan and
 the amounts recognized in the Company''s financial statements:
 
 12. Segment Information:
 
 As the company has only one business segment, disclosure under
 Accounting Standard 17 on Segment Reporting issued by the Institute
 of Chartered Accountants of India is not applicable.
 
 13. Related Party Disclosures:
 
 Related party disclosures as required by AS - 18, Related Party
 Disclosures, are given below:
 
 i) Relationships:
 
 Shareholders (Holding Company)
 
 Godrej Industries Limited (GIL) holds 56.41% (Previous Year - 61.62%)
 shares in the Company. GIL is the subsidiary of Godrej & Boyce Mtg. Co.
 Limited, the Ultimate Holding Company.
 
 ii) Subsidiaries, Associates and Joint Venture Companies.
 
 1.  Godrej Realty Private Limited (51%)
 
 2.  Godrej Real Estate Private Limited (100%)
 
 3.  Happy Highrises Limited (51%)
 
 4.  Godrej Buildwell Private Limited (49%) (upto November 30, 2014)
 
 5.  Godrej Buildcon Private Limited (100%)
 
 6.  Godrej Projects Development Private Limited (100%)
 
 7.  Godrej Premium Builders Private Limited (25.50%) (Sub-Subsidiary)
 
 8.  Godrej Garden City Properties Private Limited (100%)
 
 9.  Godrej Sea View Properties Limited (upto December 31,2013)
 
 10.  Godrej Estate Developers Limited (upto December 30, 2013)
 
 11.  Godrej Green Homes Limited (w.e.t. December 24, 2013).
 
 12.  Godrej Landmarks Redevelopers Private Limited (51%) (Sub
 Subsidiary)
 
 13.  Godrej Redevelopers (Mumbai) Private Limited (51%) (Sub
 Subsidiary)
 
 14.  Wonder Space Properties Private Limited (100% upto June 27, 2013 &
 25.10% from June 28, 2013)
 
 15.  Wonder City Buildcon Private Limited (100% upto June 24, 2014 &
 25.10% from June 25, 2014)
 
 16.  Godrej Home Developers Private Limited (a Sub-Subsidiary
 incorporated on 30 March, 2015)
 
 17.  Godrej Hillside Properties Pvt. Ltd, (incorporated on March
 31,2015)
 
 iii) Limited Liability Partnership :
 
 1.  Godrej Property Developers LLP
 
 2.  Godrej Vikhroli Properties LLP
 
 3.  Mosiac Landmarks LLP
 
 4.  Dream World Landmark LLP
 
 5.  SSPDL Green Acres LLP
 
 6.  Oxford Realty LLP
 
 7.  Oasis Landmarks LLP
 
 8.  MS Ramaiah Ventures LLP
 
 9.  Caroa Properties LLP
 
 10.  AmitisDevelopersLLP
 
 11.  Godrej Housing Projects LLP
 
 12.  Godrej Construction Projects LLP
 
 iv)
 
 Other Related Parties in Godrej Group, where common control exists :
 
 1.  Godrej Investments Private Ltd.
 
 2.  Godrej Intofech Ltd.
 
 3.  Wadala Commodities Ltd. (merged with Godrej Industries Ltd. w.e.t
 21st November, 2014)
 
 4.  Godrej (Malaysia) Sdn. Bhd. (incorporated in Malaysia)
 
 5.  Godrej (Singapore) Pte. Ltd. (incorporated in Singapore)
 
 6.  Veromatic International BV (incorporated in the Netherlands)
 
 7.  Busbar Systems (India) Ltd (formerly, Busbar Systems (India)
 Private Limited), (a Wholly-owned subsidiary w.e.t.  1st February,
 2013)(name changed w. e. t. 15th March, 2013)
 
 8.  Mercury Mtg. Co. Ltd. (a subsidiary w.e.t. 1st October, 2013)
 
 9.  Godrej Americas Inc. (a wholly-owned subsidiary incorporated in the
 USA w.e.t. 1st April, 2014)
 
 10.  First Rock Infrastructures Pvt. Ltd. (a wholly-owned subsidiary
 w.e.t 31st March, 2015)
 
 11.  Miracle Touch Developers Pvt. Ltd. (a wholly-owned subsidiary
 w.e.t 31st March, 2015)
 
 12.  East View Estates Pvt. Ltd. (a wholly-owned subsidiary w.e.t 31st
 March, 2015)
 
 13.  VoraSoapsLimited
 
 14.  BaharAgrochem Feeds Private Limited
 
 15.  CartinilndiaLimited
 
 16.  Annamudi Real Estates LLP
 
 A. Subsidiaries of Godrej Industries Ltd (GIL) :
 
 1.  Godrej Agrovet Ltd. (GAVL)
 
 2.  Ensemble Holdings & Finance Ltd.
 
 3.  Godrej International Ltd. (incorporated in the Isle of Man)
 
 4.  Natures Basket Ltd.
 
 5.  Godrej International Trading & Investments Pte Ltd. (Incorporated
 in Singapore) (a subsidiary of Godrej Industries Ltd w.e.t. 1st August,
 2011)
 
 6.  Godrej International Ltd. (a subsidiary incorporated in Labuan
 Malaysia on 12th February, 2015)
 
 B. Subsidiaries of GAVL:
 
 1.  GoldenFeedProductsLtd.(mergedwithGAVLw.e.t. 9thMay, 2014)
 
 2.  Godrej Seeds & Genetics Limited
 
 3.  Godvet Agrochem Ltd (a subsidiary of GAVL incorporated on 22nd
 January, 2014)._
 
 C. Subsidiaries of Godrej Infotech Ltd:
 
 1.  Godrej Intotech Americas Inc. (a wholly-owned subsidiary
 incorporated in North Carolina, USA on 28th February, 2014)
 
 2.  Godrej Infotech (Singapore) Pte. Ltd. (a wholly-owned subsidiary
 incorporated in Singapore on 27th May, 2014)
 
 3.  LVD Godrej Intotech NV (incorporated in Belgium on 18th December,
 2009 and a subsidiaryw.e.t 22nd October, 2014)
 
 D. Subsidiary of Godrej (Malaysia) Sdn. Bhd.:
 
 G&B Enterprises (Mauritius) Pvt. Ltd. (incorporated in Mauritius)
 (ceased to be a wholly-owned subsidiary w.e.t. 3rdJuly,2014)
 
 E. Subsidiaries of Godrej (Singapore) Pvt. Ltd.:
 
 1.  JT Dragon Pte. Ltd. (Incorporated in Singapore)
 
 2.  Godrej (Vietnam) Co. Ltd. (Incorporated in Vietnam) (a wholly owned
 subsidiary of JT Dragon Pte. Ltd.)
 
 F. Subsidiaries of Veromatic International BV:
 
 1.  Veromatic Services BV (incorporated in the Netherlands)
 
 2.  Prowama Trading BV (incorporated in the Netherlands) (formerly
 Water Wonder Benelux BV up to November 01,2014)
 
 G. Other Subsidiaries (where the Group Company owns directly and/or
 indirectly through one or more subsidiaries, more than one half of the
 equity share capital)
 
 Godrej Consumer Products Ltd. (GCPL)
 
 H. Subsidiaries and Sub-subsidiaries of GCPL:
 
 1.  Godrej South Africa (Proprietary) Ltd. (incorporated in South
 Africa)
 
 2.  Godrej Netherlands BV (incorporated in Netherlands)
 
 3.  Godrej Global MidEast FZE (incorporated in Sharjah, U.A.E.) (a
 subsidiary of Godrej Consumer Products Holding (Mauritius) Ltd)
 
 4.  Godrej Consumer Products Mauritius Ltd.
 
 5.  Godrej Consumer Products Holding (Mauritius)Ltd.(incorporated in
 Mauritius)
 
 6.  Godrej Household Products Lanka Pvt. Ltd. (incorporated in Sri
 Lanka)
 
 7.  Godrej Household Products Bangladesh Pvt. Ltd. (incorporated in
 Bangladesh)
 
 8.  Godrej Consumer Products Bangladesh Ltd. (incorporated in
 Bangladesh)
 
 9.  Godrej Mauritius Africa Holdings Ltd.(incorporated in Mauritius)
 
 10.  Godrej Weave Holdings Ltd. (incorporated in Mauritius) (a
 subsidiary of Godrej Mauritius Africa Holdings Ltd)
 
 11.  Godrej Consumer Products (UK) Ltd. (incorporated in the United
 Kingdom) (a subsidiary of Godrej UK Limited)
 
 12.  Godrej Consumer Product Holding UK Ltd.(incorporated in the United
 Kingdom) (a subsidiary of Godrej Netherlands B.V.)
 
 13.  Inecto Manufacturing Ltd. (a subsidiary of Godrej Consumer
 Products (UK) Ltd.)
 
 14.  Godrej Kinky Holdings Ltd.(a subsidiary of Godrej Consumer
 Investment Holding Ltd, merged in FY 2014-15)
 
 15.  Kinky Group (Proprietary)Ltd.(a subsidiary of Godrej Consumer
 Investment Holding Ltd)
 
 16.  Godrej Nigeria Ltd. (incorporated in Nigeria) (a subsidiary of
 Godrej Consumer Products Holding (Mauritius) Ltd).
 
 17.  Indovest Capital Ltd. (incorporated in Malaysia) (a subsidiary of
 Godrej Consumer Products Holding (Mauritius) Ltd.)
 
 18.  Godrej Consumer Products Dutch Cooperatief UA, (incorporated in
 the Netherlands) (a subsidiary of Godrej Consumer Products Holding 
 (Mauritius) Ltd)
 
 19.  Godrej Consumer Holdings (Netherlands) BV (incorporated in the 
 Netherlands) (a subsidiary of Godrej Consumer Products Dutch 
 Cooperatief UA)
 
 20.  Godrej Consumer Products (Netherlands) BV (incorporated in the
 Netherlands) (a subsidiary of Godrej Consumer Products Dutch
 Cooperatiet UA)
 
 21.  PT Megasari Makmur (incorporated in Indonesia) (a subsidiary of
 Godrej Consumer Holdings (Netherlands) BV)
 
 22.  PT Intrasari Raya (incorporated in Indonesia) (a subsidiary of
 Godrej Consumer Holdings (Netherlands) BV)
 
 23.  PT Ekamas Sarijaya (incorporated in Indonesia) (a subsidiary of
 Godrej Consumer Holdings (Netherlands) BV)
 
 24.  PT Indomas Susemi Jaya (incorporated in Indonesia) (a subsidiary
 of Godrej Consumer Holdings (Netherlands) BV)
 
 25.  PT Sarico Indah (incorporated in Indonesia) (a subsidiary of
 Godrej Consumer Holdings (Netherlands) BV)
 
 26.  Godrej Argentina Dutch Cooperatiet UA (incorporated in
 Netherlands) (a subsidiary of Godrej Consumer Products Mauritius Ltd)
 
 27.  Godrej Netherlands Argentina Holding BV (incorporated in
 Netherlands) (a subsidiary of Godrej Argentina Dutch Cooperatiet UA)
 
 28.  Godrej Netherlands Argentina BV (incorporated in the Netherlands)
 (a subsidiary of Godrej Argentina Dutch Cooperatiet UA)
 
 29.  Panamar Procuccioness Sri (incorporated in Argentina) (a
 subsidiary of Godrej Netherlands Argentina BV)
 
 30.  Argencos S.A. (incorporated in Argentina) (a subsidiary of Godrej
 Netherlands Argentina BV)
 
 31.  Laboratoria Cuenca S.A. (incorporated in Argentina) (a subsidiary
 of Godrej Netherlands Argentina BV)
 
 32.  Issue Group Uruguay S.A. (incorporated in Uruguay) (a subsidiary
 of Laboratoria Cuenca S.A.)
 
 33.  Deciral S.A. (incorporated in Uruguay) (a subsidiary of
 Laboratoria Cuenca S.A.)
 
 34.  Issue Group Brazil Ltd. (incorporated in Brazil) (a subsidiary of
 Laboratoria Cuenca S.A.)
 
 35.  Consell S.A . (incorporated in Argentina) (a subsidiary of
 Laboratoria Cuenca S.A.)
 
 36.  Subinite Pty Ltd. (incorporated in South Africa) (a subsidiary of
 Godrej West Africa Holdings Limited.)
 
 37.  Lorna Nigeria Ltd (incorporated in Nigeria) (a subsidiary of Weave
 Business Holdings Mauritius Pvt. Ltd.
 
 38.  Weave IP Holding Mauritius Pvt. Ltd. (incorporated in Mauritius)
 (a subsidiary of Godrej West Africa Holdings Limited)
 
 39.  DGH Mauritius Pvt. Ltd. (incorporated in Mauritius) (a subsidiary
 of Godrej Weave Holdings Ltd.)
 
 40.  Weave Business Holdings Mauritius Pvt. Ltd. (incorporated in
 Mauritius) (a subsidiary of DGH Mauritius Pvt. Ltd.)
 
 41.  Weave Trading Mauritius Pvt. Ltd. (incorporated in Mauritius) (a
 subsidiary of Godrej Weave Holdings Ltd.)
 
 42.  Hair Trading (offshore) S. A. L. (incorporated in Lebanon) (a
 subsidiary of Weave Trading Mauritius Pvt Ltd.)
 
 43.  Weave Mozambique Limitada (incorporated in Mozambique) (a
 subsidiary of Godrej West Africa Holdings Limited)
 
 44.  Godrej Consumer Investments (Chile) Spa, (incorporated in Chile)
 (a subsidiary of Godrej Netherlands BV)
 
 45.  Godrej Holdings (Chile) Limitada, (incorporated in Chile) (a
 subsidiary of Godrej Consumer Investments Spa)
 
 46.  Cosmetica Nacional, (incorporated in Chile) (a subsidiary of
 Godrej Holdings (Chile) Limitada)
 
 47.  Plasticos Nacional, (incorporated in Chile) (a subsidiary of
 Cosmetica Nacional)
 
 48.  Godrej East Africa Holdings Ltd. (incorporated in Mauritius) (a
 subsidiary of Godrej Consumer Products Ltd.)
 
 49.  Style Industries Ltd. (incorporated in Kenya) (a subsidiary of DGH
 Phase Two Mauritius Pvt. Ltd.
 
 50.  DGH Phase Two Mauritius Pvt. Ltd. (incorporated in Mauritius) (a
 subsidiary Godrej East Africa Holdings Limited)
 
 51.  Godrej Tanzania Holdings Ltd. (incorporated in Mauritius) (a
 subsidiary of Godrej Consumer Products Ltd.)
 
 52.  DGH Tanzania Ltd (incorporated in Tanzania) (a subsidiary of
 Godrej Tanzania Holdings Ltd)
 
 53.  Sigma Hair Industries Ltd (incorporated in Tanzania) (a subsidiary
 of DGH Tanzania Ltd)
 
 54.  Godrej West Africa Holdings Ltd. (a subsidiary of DGH Mauritius
 Pvt. Ltd.)
 
 55.  Godrej Consumer Investments Holding Ltd. (a subsidiary of Godrej
 Consumer Products Mauritius Limited)
 
 56.  DGH Phase 3 Mauritius (a subsidiary of Weave Business Holding
 Mauritius Private Limited w.e.f. February 05, 2014)
 
 57.  Weave Ghana Ltd. (a subsidiary of DGH Phase 3 Mauritius Pvt. Ltd.
 w.e.f. September 16, 2014)
 
 58.  Godrej Easy IP Holding (a subsidiary of Godrej Consumer Products
 Mauritius Limited w.e.f. October 16, 2014)
 
 59.  Darling Trading Company Mauritius Ltd (a subsidiary of Godrej
 Mauritius Africa Holdings Limited w.e.f. January 22, 2015)
 
 60.  Godrej Africa Holdings Ltd (a subsidiary incorporated in Mauritius
 of Godrej Mauritius Africa Holdings Limited w.e.f. January 19, 2015)
 
 61.  Godrej Indonesia IP Holdings Ltd (a subsidiary w.e.f. March 17,
 2015 of Godrej Consumer Products Holding (Mauritius) Limited)
 
 62.  Godrej Megasari Holdings Ltd (a subsidiary incorporated in
 Mauritius of Godrej Consumer Products Holding (Mauritius) Limited
 w.e.f. March 18, 2015)
 
 63.  Frika Weave Pty Ltd (a subsidiary incorporated in South Africa of
 DGH Mauritius Private Limited w.e.f. October 01,2014)
 
 14. Key Management Personnel :
 
 1.  Mr. Pirojsha Godrej
 
 2.  Mr. V. Srinivasan
 
 3.  Mr. K.T. Jithendran
 
 15. Individuals exercising Significant Influence :
 
 1.  Mr. A. B. Godrej
 
 2.  Mr. N.B. Godrej
 
 15. Information in respect of Joint Development Projects Jointly 
 Controlled Operations - Development of the following Residential /
 Commercial Projects:
 
 Godrej Gold County, Bengaluru - Revenue Sharing
 
 Edenwoods, Mumbai             - Revenue / Profit Sharing
 
 Bhugaon, Pune                 - Profit Sharing
 
 Godrej Alpine, Manglore       - Area Sharing / Revenue Sharing
 
 SanjayKhan,Bengaluru          - RevenueSharing
 
 Godrej Garden City, Ahmedabad - Area Sharing / Revenue Sharing
 
 Godrej Crest, Bengaluru       - Area Sharing
 
 Kochi                         - Revenue Sharing
 
 Umbarde, Kalyan               - Revenue Sharing
 
 Godrej Frontier, Gurgaon      - Area Sharing / Revenue Sharing
 
 Godrej Serenity, Mumbai       - Area Sharing / Revenue Sharing
 
 Waterside IT Park, Kolkata    - Area Sharing
 
 Godrej Efernia, Chandigarh    - Revenue Sharing
 
 Godrej Palm Grove, Chennai    - Revenue Sharing
 
 Godrej Anandam , Nagpur       - Revenue Sharing
 
 Godrej Platinum, Mumbai       - Revenue Sharing
 
 Godrej Palms, Mumbai          - Area Sharing
 
 Electronic City, Bengaluru    - Revenue Sharing
 
 Moosapet, Hyderabad           - Revenue Sharing
 
 Godrej Platinum, Kolkata      - Revenue Sharing
 
 Badlapur, Mumbai              - Revenue Sharing
 
 GodrejUnited,Whitetield       - RevenueSharing
 
 Godrej Garden Enclave, Mumbai - Revenue Sharing
 
 Godrej Hillside, Mumbai       - Revenue Sharing
 
 Godrej Parks, Mumbai          - Revenue Sharing
 
 Sector 79, Gurgaon            - Revenue Sharing
 
 
 16. The Company has spent Rs. 1.47 crore during the financial year as 
 per the provisions of Section 135 of the Companies Act, 2013 towards
 Corporate Social Responsibility (CSR) activities grouped under ''Other
 Expenses'' (Refer Note 25).
 
 17. Previous year figures have been regrouped wherever necessary to 
 conform to current year''s classification.
Source : Dion Global Solutions Limited
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