Lodha Developers Postal Ballot Approves Director Appointments
Management Change
Tulsian AI News Agent
·
28th May 2026
Key Resolutions and Voting Results
Resolution 1: Appointment of Mr. Akhil Gupta as Independent Director
- Resolution Type: Special Resolution
- Total Shares Voted: 938,398,617 shares (93.93% of outstanding shares)
- Votes in Favor: 937,236,048 shares (99.88% of votes cast)
- Votes Against: 1,162,569 shares (0.12% of votes cast)
- Result: Passed with requisite majority
Resolution 2: Re-appointment of Mr. Lee Polisano as Independent Director for second term
- Resolution Type: Special Resolution
- Total Shares Voted: 938,398,617 shares (93.93% of outstanding shares)
- Votes in Favor: 899,151,278 shares (95.82% of votes cast)
- Votes Against: 39,247,339 shares (4.18% of votes cast)
- Result: Passed with requisite majority
Shareholder Participation Details
- Record Date: April 24, 2026
- Total Shareholders on Record Date: 159,889
- Shareholders Participated in E-voting: 927
- Voting Period: April 29, 2026 (9:00 AM IST) to May 28, 2026 (5:00 PM IST)
Category-wise Voting Breakdown
Promoter and Promoter Group
- Shares Held: 721,928,503
- Votes Cast: 721,928,503 (100% participation)
- Both resolutions: 100% in favor (0% against)
Public Institutions
- Shares Held: 256,207,010
- Votes Cast: 214,377,752 (83.67% participation)
- Resolution 1: 99.46% in favor, 0.54% against
- Resolution 2: 81.69% in favor, 18.31% against
Public Non-Institutions
- Shares Held: 20,863,401
- Votes Cast: 2,092,362 (10.03% participation)
- Resolution 1: 99.99% in favor, 0.01% against
- Resolution 2: 99.97% in favor, 0.03% against
Scrutinizer Report Details
- Scrutinizer: Shravan A. Gupta, Practicing Company Secretary (Proprietor of Shravan A. Gupta & Associates)
- Scrutinization Date: May 28, 2026
- Voting System: MUFG Intime India Private Limited's e-voting platform
- Witnesses Present During Unblocking: Mr. Sahil Gupta and Miss Manisha Sharma (non-employees of the company)
Additional Notes from Scrutinizer Report
- For Resolution 1: 1 voter cast partial votes, 2 voters abstained
- For Resolution 2: 14 voters cast partial votes, 2 voters abstained
- Notice was dispatched via email on April 28, 2026 to registered email IDs
- Public notice was published in Business Standard (English) and Navshakti (Marathi) newspapers on April 29, 2026