Macrotech Developers Limited proposes to change its name to "Lodha Developers Limited".
- The company seeks shareholder approval for this change, and consequent alteration in Memorandum and Articles of Association, via a Special Resolution through Postal Ballot (remote e-voting).
- The rationale is to align the company name with its strong 'Lodha' brand, which is a primary USP recognized for luxury, innovative design, and world-class amenities since the 1980s. This aims to reinforce brand identity, market standing, and safeguard against resemblances.
- Key dates for the Postal Ballot:
- Cut-off date for voting eligibility: Friday, April 25, 2025.
- Remote e-voting period: Commencing Friday, May 02, 2025 at 9.00 a.m. (IST) and ending Saturday, May 31, 2025 at 5.00 p.m. (IST).
- Results announcement: On or before Tuesday, June 03, 2025.
- The proposed name change will be effective from the date of issuance of a Fresh Certificate of Incorporation by the Registrar of Companies.
- The company has received a name availability letter from the Registrar of Companies dated April 29, 2025.
- A certificate from a practicing Chartered Accountant confirms compliance with Regulation 45(1) of SEBI Listing Regulations.
- The change will not affect the company's objects, legal status, constitution, turnover, operations, activities, or rights/obligations of shareholders and other stakeholders.