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.

Lodha Developers Limited, a prominent real estate company, has announced a significant increase in its Non-Convertible Debenture (NCD) limit, expanding its debt fundraising capacity. The move comes as part of the company's strategy to diversify its debt pool and reduce the cost of funds.

Board Approval for Enhanced NCD Limit

Lodha Developers' Board of Directors approved raising the company's NCD limit from ₹3,000.00 crore to ₹5,000.00 crore. This ₹2,000.00 crore increase represents a substantial 66.67% boost in the company's debt fundraising capacity.

Strategic Financial Move

The decision to enhance the NCD limit is aimed at:

1. Diversifying the company's debt pool
2. Enabling continued reduction in the cost of funds on targeted debt capital
3. Providing flexibility in raising funds through private placement

Implementation Details

• The NCDs will be issued in one or more tranches.
• The issuance will be on a private placement basis.
• The Executive Committee of the Board of Directors has been authorized to take all necessary steps for the NCD issuance.

Corporate Governance and Compliance

Lodha Developers has duly informed the stock exchanges about this development, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's shares are listed on the BSE (Scrip Code: 543287) and the National Stock Exchange of India Limited (Trading Symbol: LODHA).

Company Background

Lodha Developers Limited, formerly known as Macrotech Developers Limited, is a well-established player in the Indian real estate sector. This move to increase its NCD limit suggests the company's proactive approach to managing its financial resources and optimizing its capital structure.

As the real estate market continues to evolve, Lodha Developers' decision to enhance its debt fundraising capacity could potentially provide it with greater financial flexibility to pursue growth opportunities and manage its operations effectively.