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Lodha Developers Limited — Capital/Financing Update 2022
Nov 1, 2022
61952_rns_2022-11-01_38f2e9a2-d5cf-4d0c-bbb0-c31368b8fd73.pdf
Capital/Financing Update
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November 1, 2022
To, The Listing Dept., BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 543287 Scrip ID:- LODHA Debt Segment – 974163, 974199
To,
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
Dear Sir,
Sub: Outcome of Board Meeting held on November 1, 2022
Ref.: Prior intimation under Regulation 29 and 50 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated October 21, 2022
This is to inform you that the Board of Directors at its meeting held today, i.e., November 1, 2022, has approved raising of funds by way of issuance of Non-Convertible Debentures (“NCDs”), from time to time, upto ₹ 3,000 crore, to diversify pool of debt capital and achieve reduction in cost of funds.
The Executive Committee of the Board has been authorised to take all necessary steps, incidental, consequential, relevant or ancillary, in connection with the issue of NCDs as above.
The meeting of Board of Directors of the Company commenced at 6.55 P.M. and concluded at 8.45 P.M.
You are requested to inform your members accordingly.
Thanking you,
Yours faithfully,
For Macrotech Developers Limited
SANJYOT NILESH RANGNEKAR Digitally signed by SANJYOT NILESH RANGNEKAR DN: c=IN, o=PERSONAL, pseudonym=6df6cf47a87859531ee4f50a489e7721, 2.5.4.20=C7812C81AE26D822A965B197D5195BDF6D50F8443987A023DF50FD6BEF4C5021, postalCode=400607, st=MAHARASHTRA, serialNumber=d7712af3da22c028adfaa23a93cc85029417e4c3cba448af2f6d982f99722a49, cn=SANJYOT NILESH RANGNEKAR Date: 2022.11.01 20:58:02 +05'30' Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154
Encl: As above
Macrotech Developers Limited : Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India • T + 91 22 67737373 Regd. Office : 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001, India CIN: L45200MH1995PLC093041