Lodha Developers Limited, a prominent real estate company, has initiated the process to reclassify Mr. Rajendra Lodha from the 'Promoter and Promoter group' category to the 'Public' category shareholder. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for this reclassification.

Application Timeline

According to the company's official communication, the application for reclassification was submitted on August 30, 2025. Lodha Developers formally informed the stock exchanges about this development on September 15, 2025, through a regulatory filing.

Regulatory Compliance

The reclassification request is being processed in accordance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. Specifically, the company is adhering to Regulation 31A of the SEBI LODR Regulations, which governs the reclassification of promoters as public shareholders.

Company Statement

In its filing to the stock exchanges, Lodha Developers stated:

"We wish to inform you that the Company has made an application on August 30, 2025 to BSE Limited (BSE) and National Stock Exchange Limited (NSE) for reclassification of Mr Rajendra Lodha from the 'Promoter and Promoter group' category to 'Public' category shareholder."

Implications

The reclassification, if approved, would change Mr. Rajendra Lodha's status from a promoter to a public shareholder. This move could potentially impact the company's shareholding structure and may have implications for corporate governance and regulatory reporting.

Next Steps

The stock exchanges will now review the application submitted by Lodha Developers. Shareholders and market participants will be keenly watching for the outcome of this reclassification request and its potential impact on the company's ownership structure.

Lodha Developers Limited, formerly known as Macrotech Developers Limited, continues to be a significant player in the Indian real estate market. As this reclassification process unfolds, it will be important to monitor any further developments or announcements from the company or regulatory authorities.

Lodha Developers , a prominent real estate company, has taken a significant step towards sustainable development by signing a Memorandum of Understanding (MoU) with the Maharashtra Government. The agreement, valued at ₹300.00 billion, aims to establish a Green Integrated Data Centre Park in the state.

Green Data Centre Initiative

The MoU marks a substantial commitment to the development of eco-friendly infrastructure in Maharashtra. Data centres are known for their high energy consumption, and this green initiative could potentially set a new standard for sustainable practices in the tech industry.

Economic Impact

With an investment of ₹300.00 billion (equivalent to ₹30,000.00 crore), this project is expected to have a considerable economic impact on the region. It could potentially create numerous job opportunities and boost the local economy, while also positioning Maharashtra as a hub for green technology and data management.

Strategic Move for Lodha

For Lodha Developers, primarily known for its real estate projects, this venture into green data centre development represents a strategic diversification of its portfolio. It showcases the company's adaptability to emerging market trends and its commitment to sustainable development practices.

Government Collaboration

The partnership between Lodha Developers and the Maharashtra Government highlights the increasing collaboration between the private sector and state authorities in driving large-scale infrastructure projects. Such public-private partnerships are often crucial for the successful implementation of projects with significant environmental and economic implications.

While specific details about the project timeline, exact location, and technical specifications of the Green Integrated Data Centre Park are yet to be disclosed, this MoU signifies a major step towards sustainable infrastructure development in Maharashtra's tech landscape.