Update on Scheme of Merger by Absorption of the Company, Roselabs Finance Limited and National Standard (India) Limited with Lodha Developers Limited is enclosed
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Sanathnagar Enterprises Ltd has informed BSE that its Board of Directors, at a meeting held on August 11, 2025, decided to withdraw the company from the previously approved Scheme of Merger by Absorption with Lodha Developers Limited. The original scheme, approved on July 30, 2024, also involved Roselabs Finance Limited and National Standard (India) Limited merging into Lodha Developers. After discussions with various stakeholders and Lodha Developers, Sanathnagar has now pulled out of the arrangement. No new timeline or alternative transaction has been disclosed in this filing.
Existing Sanathnagar shareholders will no longer receive Lodha Developers shares under this merger scheme, removing any earlier swap-ratio or arbitrage expectation. The stock may see a one-time negative reaction if the market had priced in the merger, though the withdrawal suggests an orderly exit rather than a failed deal harming Lodha itself.