Godrej Properties Completes Amalgamation of Embellish Houses Private Limited
Godrej Properties Limited (GPL) has completed the Scheme of Amalgamation involving itself and Embellish Houses Private Limited (EHPL). The merger, which involved consolidating two real estate entities, became effective on August 10, 2026.The amalgamation involves the transfer of EHPL, a wholly owned subsidiary, into GPL. The primary rationale behind the Scheme is the consolidation of the real estate business. This integration is expected to result in operational efficiency and the streamlining of the group structure by reducing the number of legal entities and minimizing regulatory compliance complexities. Benefits derived from the merger include pooling technical resources and expertise, cost reduction, administrative convenience, and rationalizing costs through the elimination of multiple record keeping functions.
Financial Structure and Consideration
The Scheme involves GPL acquiring EHPL on a going concern basis. As the transferor company is a wholly owned subsidiary of the transferee company, no shares of the Transferee Company are allotted towards the discharge of consideration or in exchange for the equity shareholding in the Transferor Company. Upon the coming into effect of the Scheme, the shares of EHPL shall be deemed to be cancelled without any further action.The financial structure of both companies as reported under the scheme is detailed below:
Share Capital Details
| Particulars | Embellish Houses Private Limited (EHPL) | Godrej Properties Limited (GPL) |
|---|---|---|
| Authorized Share Capital | 36,601 equity shares of INR 10 each | 1,33,80,00,000 Equity Shares of INR 5 each |
| Total Authorized Capital | INR 3,66,010 | INR 6,69,00,00,000 |
| Issued and Paid-up Share Capital | 36,601 equity shares of INR 10 each | 30,12,06.344 Equity Shares of INR 5 each |
| Total Issued Capital | INR 3,66,010 | INR 150,60,31.720 |
Operational and Legal Transfer
Under the Scheme, the entire business and undertakings of EHPL, including all its assets and liabilities (whether movable or immovable, tangible or intangible), are transferred to GPL with effect from the Appointed Date (November 01, 2025).All statutory licenses, permissions, approvals, and allocations issued by government authorities shall vest in and be enforceable by GPL. The transfer includes all claims and liabilities of EHPL, ensuring that the debts and contingent obligations of the Transferee Company are assumed with the same terms as were applicable to the Transferor Company from the Appointed Date.
Financially, the amalgamation will be accounted for using the "Pooling of Interest Method" as prescribed by Indian Accounting Standard (Ind AS) 103 'Business Combinations.' The companies have also undertaken that they will comply with all relevant accounting standards and statutory requirements regarding tax implications arising from the Scheme.
GODREJPROP Stock Price Movement
Today, Godrej Properties Limited shares edged higher to close at ₹2,108.40, gaining 1.86%. The stock saw strong interest during trading, with a total volume of 364,012 shares recorded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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