Lodha Developers Limited has scheduled its 31st Annual General Meeting for Friday, August 14, 2026, at 3:30 p.m. IST via video conferencing. The Board of Directors has recommended a final dividend of ₹4.25 per equity share of face value ₹10 each for FY26, subject to shareholder approval. The company, formerly known as Macrotech Developers Limited, changed its name effective June 16, 2025.

AGM and Dividend Details

The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The deemed venue of the meeting is One Lodha Place, Near Lodha World Towers, Senapati Bapat Marg, Mumbai. The record date for determining dividend eligibility is Friday, August 7, 2026. The dividend, if approved, will be paid within thirty days from the conclusion of the AGM.

The AGM will transact ordinary and special business, including the adoption of audited standalone and consolidated financial statements for FY26, re-appointment of Mr. Shaishav Dharia as Director, and appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors for a five-year term concluding with the 36th AGM in 2031. A special resolution has been proposed for the continuation of Mr. Rajinder Pal Singh as a Non-Executive, Non-Independent Director for three years from August 14, 2026 to August 13, 2029.

Financial and Operational Highlights

FY26 marked a record year for the company, with pre-sales rising 16% to ₹205.3 Bn and revenue from operations increasing 21% to ₹166.8 Bn. Net profit (PAT) grew 24% to ₹34.3 Bn. The company sold 6,500 homes and handed over 6,373 during the year. The Board recommended a dividend payout of ₹4.24 Bn, marking the fourth consecutive year of dividend payments. The company added 12 new projects with a combined Gross Development Value (GDV) of ₹600 Bn, bringing its total GDV available for sale to approximately ₹2,000 Bn.

ESG and Sustainability

The company reported a 85% reduction in Scope 1 & 2 emissions versus FY22, with Scope 2 market-based emissions at 0 tCO₂e. Waste diversion from landfills stood at 99.10%, and 72.5 Mn sq ft of area was green building certified. The company has SBTi-validated net-zero targets, aiming for a 97.9% reduction in absolute Scope 1 and 2 emissions by FY28.

Lodha Developers filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with BSE Limited and National Stock Exchange of India Limited. The disclosure, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes an Independent Assurance Statement and forms part of the 5th Integrated Report for FY26.

The company reported significant progress in its environmental performance, achieving an 85% reduction in Scope 1 and 2 emissions from the FY22 base year. Lodha Developers stated it has achieved carbon neutrality in its operations covering Scope 1, 2, and select Scope 3 emissions. Renewable energy constituted 78.7% of the total energy consumed during the year, with the company targeting 100% renewable electricity across construction sites and standing assets.

Operational and Safety Metrics

The real estate developer reported a total workforce of 25,986 individuals, comprising 5,836 employees and 20,150 workers. The gender diversity among employees stood at 18.6%, with women holding 12.5% of the Board of Director positions. The company recorded two worker fatalities during FY26, compared to zero in the previous year. The Lost Time Injury Frequency Rate (LTIFR) for workers was 0.056, down from 0.03 in FY25.

Environmental Impact and Governance

Lodha Developers disclosed that 100% of its standing assets are equipped with systems ensuring zero local liquid discharge. The company generated 136,734.79 metric tonnes of construction and demolition waste during the year. On the governance front, the report noted that a former whole-time director resigned in FY26 after providing incomplete disclosures regarding external interests, prompting an independent investigation and the implementation of resulting recommendations.

The company’s net worth stood at ₹222.1 Bn, and its turnover was ₹145.4 Bn for the reporting period. The BRSR was assured by DNV Business Assurance India Private Limited, which provided reasonable assurance on core indicators and limited assurance on other indicators.