Lodha developers has delivered exceptional operational performance in Q4FY26, achieving record quarterly pre-sales and demonstrating strong momentum across key business metrics. The company's latest disclosure under Regulation 30 highlights significant growth in both pre-sales and collections, reinforcing its position in the real estate sector.

Record-Breaking Pre-sales Performance

The company achieved its best-ever quarterly pre-sales of ₹58.90 billion in Q4FY26, marking a robust 23% year-on-year growth compared to ₹48.10 billion in Q4FY25. This performance also represents a 5% quarter-on-quarter increase from ₹56.20 billion in Q3FY26. For the full year FY26, pre-sales reached ₹205.30 billion, demonstrating a healthy 16% year-on-year growth from ₹176.30 billion in FY25.

The company noted that March witnessed select deferral of sales due to the Iran war, leading to pre-sales being ₹4.70 billion below guidance for the full year.

Strong Collections Growth

Collections performance showed remarkable improvement, reaching ₹52.30 billion for Q4FY26, representing an 18% year-on-year increase from ₹44.40 billion in Q4FY25. The quarter-on-quarter growth was particularly impressive at 47%, significantly picking up from the previous quarter's ₹35.60 billion as construction activity ramped up. Annual collections for FY26 totaled ₹151.60 billion, marking a 5% year-on-year growth from ₹144.90 billion in FY25.

Aggressive Business Development Expansion

Lodha Developers significantly expanded its project portfolio during FY26, adding twelve projects across key markets including MMR, Pune, Bengaluru and NCR with a combined Gross Development Value (GDV) of approximately ₹600.00 billion. This represents 2.4 times the company's annual guidance, demonstrating aggressive expansion strategy.

As of April 1, 2026, the company has GDV amounting to approximately ₹2.00 trillion available for sale, excluding land bank in townships which will not be used in the next 5 years. Consequently, the company expects to reduce business development investments over the next 24 months and increase free cash flow.

Improved Financial Position

The company's financial health showed marked improvement with net debt reducing by ₹8.00 billion to ₹53.70 billion during the quarter, driven by strong collections performance. Despite significant investment in business development during FY26, the Net debt/Equity ratio stands at a conservative 0.23x, well below the company's established ceiling of 0.5x Net debt/Equity, providing substantial financial flexibility for future operations.

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 .