Lodha Developers Ltd has taken a significant step towards sustainable development by signing a Memorandum of Understanding (MoU) with the Maharashtra government. The agreement aims to establish a Green Integrated Data Centre Park in Palava, with a proposed investment of ₹30,000 crore.

Project Details

The ambitious project is set to span 370 acres in the Mumbai Metropolitan Region (MMR) and boasts a planned capacity of 2 gigawatts. Designed to accommodate multiple international and domestic data centre operators, the park is poised to become a hub for digital infrastructure in the region.

Economic Impact

This large-scale initiative is expected to generate substantial employment opportunities, with projections indicating the creation of nearly 6,000 direct and indirect jobs. The development aligns with Maharashtra's efforts to boost its digital economy and attract investments in the technology sector.

Green Initiative

The Green Integrated Data Centre Park is a direct outcome of Maharashtra's forward-thinking policy introduced in October 2024. This policy mandates that data centres operate using renewable and alternative energy sources, underlining the state's commitment to sustainable development.

Strategic Planning

As part of a broader initiative, the Maharashtra government plans to establish three such parks across the MMR to meet the rising demand for digital infrastructure. This strategic move positions the state as a potential leader in green data centre development in India.

Lodha's Role

In this venture, Lodha Developers will serve as the master developer, overseeing the project while various operators establish their facilities within the park. This approach allows for a coordinated development strategy while accommodating diverse operational needs.

Company's Vision

Abhishek Lodha, MD & CEO of Lodha Developers, emphasized the company's dedication to green growth and net-zero operations. He stated, "This project aligns perfectly with our commitment to sustainable development and our vision for a greener future."

The Green Integrated Data Centre Park represents a significant step towards combining technological advancement with environmental responsibility, potentially setting a new standard for data centre development in India.

Lodha Developers Limited, a prominent real estate company, has announced a significant change in its shareholder classification. The company's Board of Directors has approved the reclassification of Rajendra Lodha from the 'Promoter and Promoter group' category to the 'Public' category shareholder.

Key Details of the Reclassification

• The board approval for reclassification was granted on August 25, 2025.
• Rajendra Lodha resigned as Whole-time Director effective August 17, 2025.
• Mr. Lodha currently holds only 400 equity shares in the company, representing a negligible percentage of ownership.
• The reclassification is subject to approval from stock exchanges and other necessary authorities.

Reasons for Reclassification

The board's decision is based on several factors:

1. Rajendra Lodha no longer exercises control over the company's affairs, either directly or indirectly.
2. He does not possess any special rights concerning the company through formal or informal arrangements, including shareholder agreements.
3. Mr. Lodha is not represented on the Board of Directors and is not acting as a Key Managerial Personnel in the company.

Regulatory Compliance

The reclassification process adheres to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key points include:

• Shareholder approval is not required for this reclassification as Rajendra Lodha's holding is less than one percent of the total voting rights.
• The company has confirmed that it will remain compliant with the minimum public shareholding requirements post-reclassification.
• Lodha Developers Limited has stated that it does not have any outstanding dues to SEBI, stock exchanges, or depositories.

Impact and Next Steps

Once approved by the stock exchanges, the reclassification will result in Rajendra Lodha, his immediate relatives, and associated entities no longer being part of the Promoter and Promoter Group of Lodha Developers Limited. The company's management, including the Managing Director & CEO, Chief Financial Officer, and Company Secretary, have been authorized to take necessary actions to effect this change, including making applications to the stock exchanges and executing required documents.

This move represents a significant shift in the company's ownership structure and could potentially impact investor perception and regulatory considerations for Lodha Developers Limited.