Lodha Developers has scheduled an extraordinary general meeting for October 9, 2026, to approve the Scheme of Merger by Absorption of Roselabs Finance Limited and National Standard (India) Limited. The National Company Law Tribunal directed the convening of separate meetings for equity shareholders and secured creditors on August 6, 2026.

The corporate action follows regulatory approvals under the Companies Act, 2013. Lodha Developers will conduct both meetings through Video Conferencing or Other Audio-Visual Means. The company issued the intimation under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Meeting Schedule

The meetings are scheduled for the same day but at different times. Equity shareholders will meet later in the day compared to secured creditors. E-voting will open three days prior to the meeting date.

Voting and Compliance

The cut-off date for e-voting eligibility differs between the two groups. For equity shareholders, the cut-off is Friday, October 2, 2026. For secured creditors, including secured non-convertible debenture holders, the cut-off date listed in the notice is Tuesday, March 31, 2026.

Lodha Developers circulated the notice and explanatory statement under Section 230(3) read with Section 102 of the Companies Act, 2013, via electronic mode. Sanjyot Rangnekar, Company Secretary and Compliance Officer, signed the disclosure on September 4, 2026.

Lodha Developers has acquired the remaining 20% stake in Bellissimo Infratech Private Limited (BIPL) for ₹73.52 crore. The cash transaction makes BIPL a wholly owned subsidiary of the listed real estate firm.

The deal aligns with Lodha’s growth strategy for its Pune operations. The company previously held an 80% stake in the entity, which was formerly known as Solidrise Realty Private Limited.

Transaction Details

The acquisition is structured as a cash consideration deal. Lodha disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is expected to be completed by September 1, 2026.

Financial Profile of Target

BIPL was incorporated on March 21, 2025. As of March 31, 2026, the entity reported a net worth of ₹97.30 crore and a turnover of ₹NIL, as it had not yet commenced business operations. The target operates in the real estate sector.

The acquisition does not constitute a related-party transaction. Promoters or group companies have no interest in the entity being acquired, and the deal was executed at arm's length.

What the Numbers Show

The purchase price of ₹73.52 crore for a 20% stake implies a total equity value of approximately ₹367.6 crore for BIPL. This valuation stands against a reported net worth of ₹97.30 crore as of March 31, 2026, indicating a significant premium paid by Lodha Developers for full control and strategic alignment in the Pune market.