Lodha Developers Limited has informed the Exchange about Shareholders meeting
LODHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lodha Developers Limited announced that shareholders have approved two special resolutions via postal ballot. Mr. Akhil Gupta was appointed as an Independent Director, while Mr. Lee Polisano was reappointed for a second term as Independent Director. The voting took place from April 29 to May 28, 2026, with participation from 927 shareholders representing 93.94% of total shares. Both resolutions passed overwhelmingly - Akhil Gupta received 99.88% approval and Lee Polisano received 95.82% approval. Notably, institutional investors showed some resistance to Polisano's reappointment with 18.31% voting against, compared to less than 1% for Gupta's appointment.
The strong shareholder approval signals confidence in the board's composition. The slight institutional pushback on Polisano's reappointment may warrant attention but does not indicate governance concerns.