Lodha Developers Limited, a prominent real estate company in India, has announced its decision to refer a matter involving Rajendra Lodha to appropriate authorities for investigation. This development comes as part of the company's commitment to maintaining high standards of corporate governance and transparency.

Resignation and Investigation

According to a regulatory filing by Lodha Developers, Mr. Rajendra Lodha resigned from all positions within the organization on August 17, 2025. The company has now decided to escalate the matter to relevant authorities for a thorough investigation.

Zero-Tolerance Policy

In its statement, Lodha Developers emphasized its strict zero-tolerance policy towards any misconduct, regardless of the individual's seniority or position within the company. This stance underscores the firm's commitment to upholding ethical business practices.

Relationship Disclosure

The company has disclosed that Rajendra Lodha is a distant relative (fourth-degree) of Lodha Developers' Managing Director & CEO. This transparency in reporting familial connections demonstrates the company's dedication to open communication with its stakeholders.

Process Review and Implementation

In response to this incident, Lodha Developers has taken proactive measures:

1. Conducted a comprehensive review of its processes in areas related to Rajendra Lodha's former role.
2. Engaged an independent external firm to assess and recommend improvements.
3. Implemented recommendations from the external audit with immediate effect to strengthen the company's operational framework.

Regulatory Compliance

Lodha Developers has duly informed the stock exchanges about this development, adhering to its obligations as a publicly traded company.

This move by Lodha Developers to investigate and address potential issues demonstrates the company's commitment to corporate integrity and shareholder interests. As the investigation unfolds, stakeholders will be keenly watching for further developments and the potential impact on the company's operations and reputation in the real estate sector.

Lodha Developers , formerly known as Macrotech Developers Ltd, has successfully raised ₹350 crore through the allotment of non-convertible debentures (NCDs). The company's move strengthens its financial position and demonstrates investor confidence in its growth prospects.

Debenture Details

The Executive Committee of the Board of Directors approved the allotment of 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures. Each debenture has a face value of ₹1,00,000, culminating in a total issue size of ₹350 crore.

Key Features of the NCDs

• Listing: The debentures will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
• Tenure: The NCDs have a tenure of approximately four years, with the date of allotment being September 16, 2025, and the maturity date set for September 15, 2029.
• Interest Rate: The debentures carry an interest rate of 7.87% per annum, payable quarterly.
• Payment Schedule: Interest payments will commence from December 31, 2025, with the final payment coinciding with the maturity date.
• Security: A first-ranking charge will be created over certain assets of the company to secure the debentures.

Redemption Structure

The redemption of these NCDs is structured in 12 quarterly installments, set to begin from December 31, 2026. The final installment will be paid on the maturity date, ensuring a gradual repayment structure for the company.

Implications for Investors

This successful debenture allotment by Lodha Developers indicates strong investor interest in the company's debt instruments. The structured repayment plan and the secured nature of the debentures offer a balance of security and returns for investors.

Company's Financial Strategy

The raising of ₹350 crore through this NCD issue aligns with Lodha Developers' strategy to optimize its capital structure and fund its ongoing and future projects. This move may provide the company with the necessary financial flexibility to pursue its growth objectives in the real estate sector.

As the real estate market continues to evolve, Lodha Developers' ability to secure funding through various instruments demonstrates its financial acumen and market standing. Investors and market watchers will likely keep a close eye on how the company utilizes these funds to drive growth and enhance shareholder value in the coming years.