Lodha Developers Limited, formerly known as Macrotech Developers Limited, has announced that its 30th Annual General Meeting (AGM) will be held on Friday, August 29, 2025, at 3:30 PM (IST). The meeting is scheduled to be conducted through Video Conference (VC) or Other Audio-Visual Means (OAVM), reflecting the company's continued adoption of digital platforms for key corporate events. This announcement was made in compliance with regulatory requirements, with the notice published in leading newspapers.
| Particular | Detail |
|---|---|
| Company Name | Lodha Developers Limited (formerly Macrotech Developers Limited) |
| Meeting Type | 30th Annual General Meeting (AGM) |
| Date | Friday, August 29, 2025 |
| Time | 3:30 PM (IST) |
| Mode | Video Conference (VC) / Other Audio-Visual Means (OAVM) |
| Regulatory Compliance | Regulation 30 of SEBI (LODR) Regulations, 2015 |
| Newspaper Advertisements | Business Standard (English, All India Edition), Navshakti (Marathi, Mumbai Edition) |
Details of the 30th AGM
The upcoming 30th Annual General Meeting is a significant event in Lodha Developers Limited's corporate calendar, providing a platform for the company to engage with its shareholders. The meeting, set for August 29, 2025, at 3:30 PM IST, will address various agenda items crucial for the company's governance and future direction. As per the announcement, the company has ensured wide dissemination of this information by publishing the notice in prominent newspapers, including the All India Edition of Business Standard in English and the Mumbai Edition of Navshakti in Marathi. This dual-language publication strategy aims to reach a diverse shareholder base across different regions. The company's official communication was signed by Sanjyot Rangnekar, the Company Secretary & Compliance Officer, underscoring the formal and compliant nature of the announcement.
Adherence to Regulatory Framework
The announcement of the AGM, including its mode and publication details, is in strict adherence to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to promptly disclose all material events or information to the stock exchanges. By publishing the AGM notice in widely circulated newspapers and informing the BSE Limited (Scrip Code: 543287) and National Stock Exchange of India Limited (Trading Symbol: LODHA), Lodha Developers Limited demonstrates its commitment to transparency and good corporate governance practices. Such compliance ensures that all stakeholders, including investors and the broader public, are kept informed about key corporate developments in a timely and accessible manner. The meticulous process of informing the exchanges and the public through advertisements is a cornerstone of regulatory compliance for publicly listed companies in India.
The Shift to Virtual Meetings
The decision to conduct the 30th AGM through Video Conference (VC) or Other Audio-Visual Means (OAVM) reflects a broader trend in corporate India, which has increasingly embraced digital platforms for shareholder meetings. This modality, which gained significant traction during recent global events, offers several advantages. It enables shareholders from various geographical locations to participate in the meeting without the need for physical travel, thereby enhancing accessibility and potentially increasing shareholder engagement. Furthermore, virtual meetings often lead to operational efficiencies and cost savings for companies by reducing logistical complexities associated with large physical gatherings. For Lodha Developers, utilizing VC/OAVM ensures that the essential functions of an AGM can be carried out effectively and inclusively, aligning with modern technological advancements and regulatory flexibility.
Importance for Shareholders and Corporate Governance
Annual General Meetings serve as a critical forum for shareholders to exercise their rights and engage directly with the company's management and board of directors. While the specific agenda for Lodha Developers' 30th AGM was not detailed in this particular announcement, AGMs typically involve key decisions such as the adoption of financial statements, declaration of dividends, appointment or re-appointment of directors and auditors, and approval of other significant resolutions. The virtual format ensures that these crucial discussions and voting processes can proceed smoothly, maintaining the integrity of corporate governance. For shareholders, the AGM provides an opportunity to review the company's performance, ask questions, and cast their votes on important matters, thereby holding the management accountable and contributing to the company's strategic direction. This routine yet vital corporate action underscores the ongoing commitment of Lodha Developers Limited to its shareholders and regulatory obligations.
