Godrej Properties Limited inform that the Management Committee of the Board of Directors of the Company has on June 26, 2023, approved the Placement Memorandum for issuance of: (I) 75,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of Face Value of INR 100,000/- each, aggregating to INR 7,500,000,000 consisting of a Base Issue of 50,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of Face Value of INR 100,000/- each, aggregating to INR 5,000,000,000/- with an option to retain oversubscription of up to 25,000 (Twenty Five Thousand) Rated Listed Unsecured Redeemable Non-Convertible Debentures of Face Value of INR 100,000/- each, aggregating to INR 2,500,000,000 ("Series A Debentures"); and (II) 75,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of the Face Value of INR 100,000 each, aggregating to INR 7,500,000,000 consisting of a Base Issue of 50,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of the Face Value of INR 100,000 each, aggregating to INR 5,000,000,000 with an option to retain oversubscription of up to 25,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of Face Value of INR 100,000 each, aggregating to INR 2,500,000,000 ("Series B Debentures").