Oberoi Realty 28th AGM: FY26 Financials Ratified, ₹8/Share Dividend Confirmed, ₹6,000 Crore Fund-Raise Authorised
28th Annual General Meeting: Shareholders Ratify FY26 Financials
Oberoi Realty shareholders approved the adoption of audited financial statements for the financial year ended March 31, 2026, at its 28th Annual General Meeting held on June 25, 2026. The meeting, conducted via video conferencing, saw the re-appointment of Mr. Vikas Oberoi as a Director and authorized the company to raise funds up to ₹6,000 crore through various instruments.
Dividend Confirmation and Capital Raise Authorised
Shareholders confirmed a total dividend of ₹8 per share for FY25-26. The Board of Directors declared four interim dividends of ₹2 each during FY2025-26, aggregating to ₹8 per share (80%) on equity shares of ₹10 each. This is consistent with the total dividend of ₹8 per equity share (80%) paid in the previous year.
The meeting authorized raising ₹6,000 crore and re-appointed Mr. Vikas Oberoi as Director. The capital authorization provides flexibility for the company to pursue growth opportunities through various instruments, including equity and debt securities, across its portfolio of residential, commercial, retail, and hospitality developments.
FY26 Financial Performance
Oberoi Realty Limited filed its FY2025-26 Annual Report with BSE and NSE on June 3, 2026, reporting consolidated total revenue of ₹6,30,426.89 lakh (+15.16% YoY) and profit before exceptional items and tax of ₹3,29,867.08 lakh (+12.01%). The full-year performance reflects balanced growth across the company's operating segments.
Revenue from projects stood at ₹4,45,640.38 lakh, up 8.53% from ₹4,10,624.52 lakh. Beyond residential sales, rental and other related revenues grew 36.88% to ₹1,19,002.24 lakh, while property and management revenues rose 65.88% to ₹12,114.61 lakh. These figures underscore the company's diversified revenue base across property sales, commercial leasing, and hospitality operations.
All Resolutions Passed
The voting was conducted through remote e-voting from June 22, 2026, to June 24, 2026, and via e-voting during the AGM, with results scrutinized by Mr. Himanshu S. Kamdar of M/s. Rathi & Associates. All five resolutions placed before the shareholders were passed with the requisite majority.
Strategic Expansion and Acquisitions
Recent corporate developments reflect Oberoi Realty's expansion strategy. Key corporate developments include the NCLT-approved merger of Nirmal Lifestyle Realty, acquisition of 49.999% stake in Hotel Horizon Private Limited, and addition of ~4 million sq.ft. of development potential in the Mumbai Metropolitan Region.
Oberoi Realty has invested ₹268.50 crore in its wholly owned subsidiary, Centerstage Realty Private Limited, to meet the capital requirement for a railway land development project in Bandra East, Mumbai. The investment involved the subscription of 26,85,00,000 equity shares on a rights basis, completed on June 9, 2026, ensuring compliance with the bid document for the 99-year lease of approximately 11 acres granted by the Railway Land Development Authority.
Developer Footprint and Portfolio
The company has developed approximately 47 projects at locations across the Mumbai skyline, aggregating about 13.65 million square feet of space. After two decades of transforming Mumbai's real estate ecosystem, Oberoi Realty was incorporated in 1998 under the Companies Act, 1956. The company also maintains a growing presence in Gurugram, having acquired significant land in Sector 58 for large-scale residential and commercial development.
Oberoi Realty was recognised as a global sector leader in residential development by GRESB, achieving Rank #1 amongst global listed residential developers. The company also received top-tier rankings across ESG indices including Dow Jones Sustainability Indexes, FTSE4Good, and MSCI ESG Ratings. These recognitions reflect the company's commitment to environmental and governance standards alongside financial performance.