Lodha Developers Limited has informed the Exchange regarding Notice of Postal Ballot
LODHA · price
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Lodha Developers Limited has issued a postal ballot notice seeking shareholder approval via remote e-voting for two items. First, the appointment of Mr. Akhil Gupta as an Independent Director for a 5-year term (April 2026 to April 2031). Mr. Gupta is a Chartered Accountant with 40+ years experience, formerly Vice Chairman of Bharti Enterprises, bringing expertise in telecom, fund raising, and M&A. Second, re-appointment of Mr. Lee Polisano as an Independent Director for a second 5-year term (July 2026 to July 2031). Mr. Polisano is an internationally recognized architect and Founding Partner of PLP Architecture UK with 45+ years experience. Both appointments require special resolutions and are recommended by the Nomination and Remuneration Committee. The e-voting period runs from April 29 to May 28, 2026.
These are routine independent director appointments reflecting good governance practices. The addition of Mr. Gupta brings strong financial and strategic expertise while Mr. Polisano's reappointment maintains international design and sustainability oversight for the real estate business. No material impact on stock expected.