Lodha Developers Limited's Board of Directors convened on April 24, 2026, to approve the company's audited financial results for FY26 and make several key strategic decisions. The meeting, which commenced at 6:00 p.m. IST and concluded at 7:15 p.m. IST, marked significant milestones in the company's corporate governance and financial reporting.

Board Meeting Outcomes and Financial Results Approval

The Board formally considered and approved the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. M/s. MSKA & Associates LLP, Chartered Accountants and Statutory Auditors, issued an unmodified audit opinion on both consolidated and standalone financial results, confirming the accuracy and compliance of the company's financial reporting.

The recommended final dividend of ₹4.25 per equity share of ₹10 each represents a 42.5% payout for FY26. This dividend will be paid to members holding equity shares on the record date, subject to approval at the upcoming 31st Annual General Meeting.

Leadership Appointments and Governance Changes

The Board approved significant leadership changes to strengthen the company's governance structure. Mr. Lee Polisano was re-appointed as Independent Director for a second consecutive term of five years, from July 30, 2026, to July 29, 2031, based on the Nomination and Remuneration Committee's recommendation.

Mr. Akhil Gupta was appointed as Additional Non-Executive Independent Director for five years from April 24, 2026, to April 23, 2031. Additionally, Mr. Satish Shenoy, Chief Operating Officer - Construction Management, was designated as Senior Management Personnel effective April 24, 2026.

Regulatory Compliance and Transparency

In compliance with Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements regarding the audited financial results. The advertisements appeared in Business Standard (all India editions) and Navshakti (Mumbai) on April 25, 2026.

The complete audited financial results are available on stock exchange websites and the company's investor relations portal at www.lodhagroup.com , ensuring transparent access to financial information for all stakeholders.

Share Allotment Under ESOS

During the quarter ended March 31, 2026, the company allotted 1,67,973 equity shares with a face value of ₹10 each upon exercise of options granted under the Lodha Developers Limited Employee Stock Option Schemes. This allotment reflects the company's commitment to employee participation in its growth story.

The Board meeting outcomes demonstrate Lodha Developers' continued focus on strong governance practices, regulatory compliance, and strategic leadership development as the company advances its growth trajectory in the real estate sector.

Source: None/Company/INE670K01029/59b28c05-dbf6-4aa6-80a1-3291a25f0c75.pdf

Lodha Developers Limited has announced key board appointments, with the company's Board of Directors approving the re-appointment of an existing Independent Director and the appointment of a new Independent Director on April 24, 2026. The decisions were made based on recommendations from the Nomination and Remuneration Committee and are subject to shareholder approval.

Board Appointments Overview

The company has made two significant appointments to strengthen its board composition:

Mr Lee Polisano - Re-appointment Details

Mr Lee Polisano will serve his second term as Independent Director from July 30, 2026 to July 29, 2031. He brings extensive expertise as an internationally recognised architect and urban designer, serving as the Founding Partner and President of PLP Architecture (UK). His professional credentials include:

• Over 45 years of professional experience
• Fellow of the American Institute of Architects (FAIA)
• Member of the Royal Institute of British Architects (RIBA)
• Global governing trustee of the ULI

Mr Polisano has led significant developments in London and internationally across Europe, the Middle East and Asia, including major commercial, residential and institutional projects. His work emphasises environmental responsiveness and innovation, with a strong commitment to civic responsibility and long-term value.

Mr Akhil Gupta - New Independent Director

Mr Akhil Gupta has been appointed as Additional (Non-Executive, Independent) Director for a five-year term from April 24, 2026 to April 23, 2031. His extensive background includes:

Mr Gupta has received numerous prestigious awards including the Tele.Net Outstanding Contribution to Infrastructure and Telecom Development Award, ET Telecom Lifetime Achievement Award, Voice & Data Lifetime Contribution Award, EY Entrepreneur of the Year Award, and CA Lifetime Achievement Award by ICAI.

Regulatory Compliance

Both appointments comply with SEBI Listing Regulations under Regulation 30, with detailed disclosures provided as per regulatory requirements. The company has confirmed that neither director is related to existing board members and both are eligible to hold directorship positions without any regulatory restrictions.

The appointments reflect Lodha Developers' commitment to strengthening its board with experienced professionals who bring diverse expertise in architecture, urban planning, telecommunications, and strategic business transformation.