Godrej Properties Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2015 approved the following: Merger of one of its subsidiary company (Godrej Premium Builders Private Limited) with a wholly owned subsidiary (Godrej Projects Development Private Limited), in its capacity as a shareholder, through a Scheme of Amalgamation, subject to the necessary approvals as may be required. Godrej Properties Ltd has announced the following results for the quarter ended September 30, 2015 : The Un-Audited Standalone results for the Quarter ended September 30, 2015: The Company has posted a net loss of Rs. (138.288) million for the quarter ended September 30, 2015 as compared to net profit of Rs. 413.737 million for the quarter ended September 30, 2014. Total Income has decreased from Rs. 1841.265 million for the quarter ended September 30, 2014 to Rs. 1506.802 million for the quarter ended September 30, 2015. 'The Consolidated Results are as follows: The Unaudited Consolidated results for the Quarter ended September 30, 2015 The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1061.620 million for the quarter ended September 30, 2015 where as the same was at Rs. 466.026 million for the quarter ended September 30, 2014. Total Income is Rs. 14814.278 million for the quarter ended September 30, 2015 where as the same was at Rs. 3068.987 million for the quarter ended September 30, 2014. - The Hon'ble High court of Judicature at Bombay has, vide order dated July 03, 2015, sanctioned a Scheme of Amalgamation of Godrej Premium Builders Private Limited with Godrej Projects Development Private Limited. The appointed date for the Amalgamation is April 01, 2015 and the Effective Date is August 21, 2015. Pursuant to the aforesaid Scheme of Amalgamation, an amount of Rs. 5,327.50 lac arising out of the difference between the value of the net assets of the Transferor Company taken over and cancellation of intercompany Investments and loans and advances between the Transferor Company and the Transferee Company has been adjusted from the Surplus in Statement of Profit & Loss. Further the amalgamation expenses amounting to Rs. 22.40 lac have been adjusted against the Surplus in Statement of Profit & Loss pursuant to the above mentioned Schemes. Accordingly, the consolidated results of the Company for the quarter and half year ended September 30, 2015 include the effects of above Schemes and hence are not comparable with previous quarter/year results.' (As per BSE Announcement dated on 04.11.2015)