Lodha Developers Limited — AGM Information 2021

Sep 3, 2021

September 3, 2021

The Listing Dept., BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 543287 Scrip ID:-LODHA

The Listing Dept. National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Trading Symbol : LODHA Debt Segment - DB - LDPL23 & DB-LODL23

Dear Sir,

Sub:- Proceedings of the 26th Annual General Meeting of the Company

This is further to our letters dated August 6, 2021 and August 30, 2021 and pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a summary of proceedings of 26th Annual General Meeting of the Company held on September 3, 2021 through Video Conferencing/ Other Audio Video Means.

This is for your information and records.

Thanking you,

Yours truly,

For Macrotech Developers Limited

Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154

Encl: A/a

PROCEEDINGS OF THE 26TH ANNUAL GENERAL MEETING OF MACROTECH DEVELOPERS LIMITED HELD THROUGH VIDEO CONFERENCING/OTHER AUDIO VISUAL MEANS

The 26th Annual General Meeting ('AGM') of the members of Macrotech Developers Limited ('the Company') was held on Friday, September 3, 2021 at 3.30 p.m. (IST) through Video Conferencing ('VC')/Other Audio Visual Means ('OAVM'). The AGM was held as per the circulars issued by the Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI), and following the guidelines of social distancing norms in view of the outbreak of COVID-19 pandemic.

The Company Secretary Ms. Sanjyot Rangnekar, welcomed the Members to the AGM and briefed them on certain points relating to their participation at the AGM through VC/OAVM.

Mr. Mukund Chitale, Chairman of the Board chaired the Meeting. The requisite quorum being present, the Chairman called the meeting to order. All the Directors of the Company attended the Meeting through video conferencing and the Chairman introduced the Directors to the Members. The chairpersons of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee were also present at the AGM. A live streaming of this meeting was being webcast on Link Intime's website. The Registers as required under the Companies Act, 2013 and other relevant documents mentioned in the AGM Notice were available for inspection. The 26th AGM was attended by 82 shareholders of the Company through VC/OAVM. The representatives of MSKA & Associates, Statutory Auditors, Shravan A. Gupta & Associates, Secretarial Auditors, D. C. Dave & Co., Cost Auditors and Scrutinizers for the e-Voting and the voting during the proceedings of the AGM, were also present at the Meeting through Video Conferencing. With the consent of the Members, the Notice convening the Meeting and the Auditors' Report were taken as read. The Members were informed that the Statutory Auditors' Report and Secretarial Audit Report did not have any qualifications. Thereafter, Mr. Abhishek Lodha, Managing Director & CEO made a presentation covering the financial performance, business highlights, Covid-19 related activities and other key initiatives.

The Company Secretary informed the Members that the Company had provided the facility to cast vote electronically on the Link Intime India Private Limited ('Link Intime') - Insta Vote platform during the AGM. Further the Company Secretary explained the process of voting during the AGM and also informed that since the AGM is held through video conferencing and the resolutions mentioned in the notice convening the AGM had been already put to vote through remote e-voting, there would be no proposing and seconding on the resolutions.

In terms of the Notice dated July 30, 2021 (including Addendum dated August 30, 2021) convening the 26th AGM of the Company, the following items of business were transacted at the AGM through remote e-voting:

Sr	Details of the Agenda	Resolution Type
No.1	To receive, consider and adopt
	a.the Audited Standalone Financial Statements of theCompany for the financial year ended March 31, 2021,together with the Reports of the Board of Directors andthe Auditors thereon; and	Ordinary Resolution
	b.The Audited Consolidated Financial Statements of theCompany for the financial year ended March 31, 2021,together with the Report of the Auditors thereon.
2	To appoint a Director in place of Mr. Rajinder Pal Singh (DIN02943155) who retires by rotation and being eligible, offershimself for re-appointment.	Ordinary Resolution

Macrotech Developers Limited: Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India • T + 91 22 6133 4400

3	Re-appointmentofMSKA&Associates,CharteredAccountants as Statutory Auditors of the Company.	Ordinary Resolution
4	Re-appointment of Mr. Mukund Chitale (DIN 00101004) asan Independent Director for a second term of 5 years	Special Resolution
5	Re-appointment of Ms. Raunika Malhotra (DIN: 06964339)as a Whole Time Director for a period of two years.	Special Resolution
6	Appointment of Mr Lee Polisano (DIN 0009254797) as anIndependent Director for a first term of 5 years	Special Resolution
7	Approve the 'Macrotech Developers Limited Employee StockOption Scheme 2021 – II'	Special Resolution
8	Approve extension of benefits of the 'Macrotech DevelopersLimited Employee Stock Option Scheme 2021 – II' toemployees of the holding company and subsidiaries of theCompany	Special Resolution
9	Approve the remuneration of Cost Auditors for the financialyear ending March 31, 2021	Ordinary Resolution

The Chairman then invited the Members to express their views, ask questions on the operations as well as the financial performance of the Company. Then, at the request of the Chairman, Mr. Abhishek Lodha, Managing Director & CEO responded to the questions asked and the queries raised by the Members.

Post the Q & A session, the Chairman thanked the Members for attending and participating at the meeting. He also thanked the Directors for joining the Meeting. The e-Voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. The Chairman authorized the Company Secretary to carry out the voting process and declare the results of the consolidated voting. He informed the Members that the consolidated voting results along with the Scrutinizer's Report shall be placed on the Company's website www.lodhagroup.in, Link Intime website and would also be immediately submitted to BSE Limited and National Stock Exchange of India Limited for dissemination. The AGM was deemed to be concluded at 5.26 p.m post expiry of 15 minutes time allotted for the members to cast their vote.

For Macrotech Developers Limited

Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154