Lodha Developers has published the transcript of its Q4FY26 earnings conference call held on April 27, 2026, under Regulation 30 of SEBI Listing Regulations. The earnings call, led by Managing Director and CEO Abhishek Lodha along with senior management, highlighted the company's remarkable transformation over five years since listing and outlined strategic initiatives for future growth.

Five-Year Performance Since Listing

The earnings call marked the fifth anniversary of Lodha Developers' listing on April 19, 2021. The company has demonstrated exceptional growth across all key financial metrics during this period, establishing itself as a leading player in India's real estate sector.

Q4FY26 Financial Highlights

The company reported strong operational performance for the fourth quarter despite macro challenges including geopolitical tensions and environmental clearance delays. The results showcase robust growth momentum across revenue, profitability, and operational efficiency metrics.

Strategic Business Development and Market Position

Lodha Developers achieved significant success in business development during FY26, adding 12 projects with ₹600 billion of Gross Development Value (GDV), representing 2.4x their own guidance. The company now holds approximately ₹2 trillion in available GDV for sale, excluding long-term township land not planned for use in the next five years.

NCR Market Entry and Infrastructure Development

The company entered the National Capital Region (NCR) market in FY26 through Joint Development Agreement (JDA) route, acquiring two land pieces in Gurgaon with combined GDV of ₹33 billion. The NCR expansion follows Lodha's successful pilot-and-scale model previously implemented in Bengaluru and Pune.

For Palava, significant infrastructure developments are underway. The Navi Mumbai International Airport has been inaugurated 40 minutes from Palava, while the Mulund-Airoli-Palava freeway is expected to open imminently, reducing travel time to Mumbai's Eastern suburbs to under 25 minutes.

Data Center and Annuity Business Expansion

Lodha Developers is developing a comprehensive data center strategy at Palava with 400 acres of shovel-ready land. The company has secured two anchor operators, AWS and STT, with the latest STT transaction valued at ₹210-230 million per acre, representing an 8x increase in land value over four years.

FY27 Guidance and Medium-Term Outlook

The company provided comprehensive guidance for FY27, targeting presales of ₹240 billion with embedded EBITDA margin of 32-34%. The launch pipeline includes ₹218 billion GDV already identified across Mumbai, Pune, and Bengaluru markets.

For the medium term, Lodha Developers aims for 20% CAGR in PAT, targeting growth from ₹34 billion in FY26 to over ₹85 billion by FY31. The company expects annuity income from retail, offices, and warehousing to reach ₹10 billion by FY31, representing 10x growth from FY26 levels.

Lodha Developers Limited has announced a postal ballot to seek shareholder approval for key board appointments through remote e-voting. The company published newspaper advertisements in Business Standard and Navshakti on April 29, 2026, informing shareholders about the upcoming voting process.

Board Appointment Proposals

The postal ballot includes two special resolutions for shareholder consideration:

Both resolutions require approval through special resolutions, indicating their significance for the company's governance structure.

E-Voting Process and Timeline

The company has implemented a fully electronic voting system in compliance with regulatory requirements. The postal ballot notice was sent electronically on April 28, 2026, to members whose email addresses are registered with the company or its registrar, MUFG Intime India Private Limited.

Key Voting Dates

Regulatory Compliance and Documentation

The postal ballot process adheres to multiple regulatory frameworks, including Section 108 and 110 of the Companies Act, 2013, SEBI Listing Regulations, and various MCA circulars. The company has appointed Mr. Shravan A. Gupta of M/s. Shravan A. Gupta & Associates as the Scrutinizer to ensure fair and transparent conduct of the voting process.

Shareholders can access the complete postal ballot notice on the company's website at www.lodhagroup.com , stock exchange websites, and MUFG's platform at https://instavote.linkintime.co.in . The notice includes detailed instructions for e-voting and procedures for shareholders who need to register or update their email addresses.

Shareholder Eligibility and Rights

Only shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date of April 24, 2026, are eligible to participate in the voting process. Voting rights will be proportionate to shareholding in the company's paid-up equity share capital as of the cut-off date. Once cast, votes cannot be changed, and the e-voting module will be disabled immediately after the voting period ends on May 28, 2026.