NSEChange in Management4d ago · 31 Aug 2026, 07:58 pm

Change in Management

Lodha Developers Limited · LODHA

✦ AI SummaryMgmt Change

Lodha Developers Limited has informed the Exchange about change in Management, with Mr. Kunal Gandhi being categorized as Senior Management Personnel and Mr. Tikam Jain ceasing to be categorized as SMP due to organizational restructuring.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Lodha Developers Limited has informed the Exchange about change in Management

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LODHA_31082026195602_Lodha_Appt_of_Mr_Kunal_Gandhi_as_R_CEO_Pune_31-08-26.pdf

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August 31, 2026 BSE Limited Scrip Code: 543287 Debt Segment – 976262, 976764, 976895, 976923, 977163, 977293 National Stock Exchange of India Limited Debt Segment Trading Symbol: LODHA Dear Sirs, Sub: Changes in Senior Management Personnel Ref: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”). Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Board of Directors of Lodha Developers Limited (‘the Company’), based on the recommendation of the Nomination and Remuneration Committee, has noted/approved the following changes in SMP of the Company: 1. Mr. Kunal Gandhi, Regional CEO, Pune will be categorized as SMP of the Company with effect from September 1, 2026. 2. Mr. Tikam Jain, CEO- Pune, will cease to be categorized as SMP due to an organizational restructuring and transition to an operational role within the Company, with effect from September 1, 2026. The details required under Regulation 30 of the Listing Regulations read with the relevant SEBI circular(s) is enclosed as Annexure - A. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Lodha Developers Limited (Formerly known as Macrotech Developers Limited) Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154 Enc.: As above Annexure A Sr. No. Details of Events that need to be Information of such event(s) provided 1. Name of Senior Management Mr. Kunal Gandhi Personnel 2. Reason for change viz. appointment, Role elevation re-appointment, resignation, removal, death or otherwise 3. Date of appointment/ re-appointment/ w.e.f. September 1, 2026 cessation (as applicable) & term of appointment/ re-appointment; 4. Brief profile (in case of appointment) Mr. Kunal Gandhi holds a B Tech degree from IIT Bombay and a PGP degree from IIM Ahmedabad. He has over 20 years of experience across corporate strategy, regional growth and entrepreneurship. He joined Lodha in 2018 and led Corporate Strategy for three years before transitioning to the Pune region to oversee Customer Strategy, subsequently serving as Dy. Regional CEO- Pune from 2023, where he played a significant role in strengthening customer experience and the Lodha brand in the regional market. Prior to joining Lodha in 2018, he was the Founder and CEO of Logic Roots, an innovative venture designed to address motivation gaps in childhood education. 5. Disclosure of relationships between Not Applicable directors (in case of appointment of a director)