Lodha Developers to hold shareholder and creditor meetings on Oct 9, 2026 for merger approval
Lodha Developers will hold separate meetings for Equity Shareholders and Secured Creditors on October 09, 2026, to approve the merger of Roselabs Finance Limited and National Standard (India) Limited. E-voting will be open from October 06 to October 08, 2026. Share exchange ratios are 7:1000 for Roselabs and 92:1000 for National Standard.
The merger of subsidiaries is a significant corporate action that can impact the company's structure and operational efficiency. The outcome of the shareholder and creditor meetings is crucial for the progression of the merger.
The announcement is a procedural update regarding a merger approval process, which is a routine corporate action. It does not contain significant positive or negative financial news.
Lodha Developers Limited (LDL) announced that it will convene separate meetings for its Equity Shareholders and Secured Creditors (including Secured Non-Convertible Debenture Holders) on Friday, October 09, 2026. These meetings, to be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM), are for considering and approving the Scheme of Merger by Absorption of Roselabs Finance Limited and National Standard (India) Limited with Lodha Developers Limited.
The meeting for Equity Shareholders is scheduled for October 09, 2026, at 12:45 PM IST, with e-voting commencing on October 06, 2026, and ending on October 08, 2026. The cut-off date for e-voting eligibility is October 02, 2026.
The meeting for Secured Creditors is scheduled for October 09, 2026, at 12:00 Noon IST, with e-voting commencing on October 06, 2026, and ending on October 08, 2026. The cut-off date for e-voting eligibility is March 31, 2026.
The merger scheme aims to streamline the group's holding structure, reduce overheads, and optimize resource utilization by eliminating duplication. The appointed date for the merger is July 01, 2024, or as approved by the NCLT. Upon effectiveness, equity shareholders of Roselabs Finance Limited will receive 7 shares of Lodha Developers for every 1,000 shares held, and shareholders of National Standard (India) Limited will receive 92 shares for every 1,000 shares held.
A plain-language summary of a public exchange filing by Lodha Developers Limited. Read the original for the full detail.
