Lodha Developers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 25, 2025 regarding reclassification of Mr Rajendra Lodha from Promoter /Promoter group to Public category in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Lodha Developers' board has approved reclassifying Mr Rajendra Lodha from the 'Promoter and Promoter Group' category to 'Public Shareholder' category, effective from August 17, 2025. Mr Rajendra Lodha had tendered his resignation as Director and requested to no longer be classified as a Promoter. He holds only 400 equity shares (negligible percentage) and does not exercise control over the company's affairs. His immediate relatives and related entities will also no longer be part of the Promoter group. The reclassification is subject to approval from the Stock Exchanges and, since he holds less than 1% voting rights, does not require shareholder approval.
This is largely a procedural/administrative change since Mr Rajendra Lodha holds a negligible stake. It is unlikely to have any material impact on the stock price or the overall promoter holding of the company. Investors should note that the Lodha family's promoter control remains intact through other family members.