Lodha Developers Limited has announced the appointment of M/s Walker Chandioke & Co., LLP as its new statutory auditor, marking a significant transition in the company's audit arrangements. The decision was approved by the Board of Directors during their meeting held on March 30, 2026, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcomes

The board meeting, which commenced at 3.45 P.M. and concluded at 5.00 P.M. on March 30, 2026, focused on the crucial appointment of new statutory auditors. The decision was made based on the recommendation of the Audit Committee, considering the upcoming completion of the current auditors' tenure.

Auditor Transition Details

The current statutory auditors, M/s MSKA & Associates LLP, Chartered Accountants, will complete their second consecutive term of five years and are scheduled to retire at the forthcoming 31st Annual General Meeting of the company. This transition follows the regulatory requirements for auditor rotation after completion of their maximum permissible tenure.

New Auditor Profile

M/s Walker Chandioke & Co., LLP (Firm Registration No. 001076N/N500013) brings substantial experience and credentials to the role. The firm is registered with the Institute of Chartered Accountants of India (ICAI), Public Company Accounting Oversight Board (PCAOB), and is empanelled with the Comptroller and Auditor General of India (CAG).

Key highlights of the new statutory auditor include:

• Establishment: Founded in 1935
• Registered Office: New Delhi
• Network: Nineteen offices across major Indian cities
• Partnership Strength: Eighty-seven partners
• Credentials: Valid peer review certificate
• Market Position: One of India's leading audit firms
• Client Base: Provides services to several large companies, including top one hundred listed entities in India

Appointment Terms and Approval Process

The appointment of Walker Chandioke & Co., LLP will be effective from FY 2026-27, spanning from the conclusion of the 31st Annual General Meeting to the conclusion of the 36th Annual General Meeting. This represents the firm's first term as statutory auditor for Lodha Developers Limited, providing a fresh perspective on the company's audit processes.

The appointment remains subject to approval by shareholders at the ensuing Annual General Meeting, following standard corporate governance procedures. The company has ensured compliance with all regulatory requirements under the Listing Regulations and relevant SEBI circulars, with detailed information also made available on the company's website at www.lodhagroup.com .

Lodha Developers has successfully completed the allotment of non-convertible debentures (NCDs) worth ₹500 crore, with the Executive Committee of the Board of Directors approving the allotment on March 30, 2026. The company has allotted 50,000 secured NCDs on a private placement basis, marking a significant debt fundraising milestone for the real estate developer.

Official Allotment Details

The Executive Committee's approval represents the formal completion of the NCD issuance process under regulatory compliance. The allotment was conducted pursuant to Regulation 30 read with Regulation 51 of the SEBI Listing Regulations, 2015, ensuring full regulatory adherence.

Security and Payment Structure

The NCDs are rated, listed, senior, secured, redeemable, taxable, and transferable instruments that will be listed on the Wholesale Debt Market segment of the National Stock Exchange. The debentures carry a first ranking charge over certain company assets as described in the Key Information Document dated March 24, 2026.

The interest payment schedule begins with the first payment on September 30, 2026, followed by half-yearly payments thereafter. The final interest payment will coincide with the maturity date of March 31, 2036. In case of payment delays exceeding three months, default interest will accrue at 2.00% per annum above the applicable interest rate.

Strategic Funding Initiative

This NCD allotment provides Lodha Developers with long-term capital through private placement, offering investors a competitive fixed-income opportunity over a 10-year tenure. The successful completion of the allotment process demonstrates the company's ability to access debt capital markets effectively while maintaining regulatory compliance. The secured nature of these debentures, backed by asset charges, provides additional security to investors in this debt instrument.