Corporate Governance
Lodha Developers Appoints Savita Kodain as Company Secretary After Early Retirement
Lodha Developers Limited's board approved Savita Kodain as its new Company Secretary and Compliance Officer, effective 31 October 2026, after the early retirement of Sanjyot Rangnekar. The change was disclosed alongside the board's approval of the company's unaudited results for the quarter and half-year ended 30 September 2026.
| Board meeting date | 30 October 2026 |
|---|---|
| Outgoing officer | Sanjyot Rangnekar, Company Secretary and Compliance Officer (early retirement effective close of business, 30 October 2026) |
| Incoming officer | Savita Kodain, Company Secretary and Compliance Officer, effective 31 October 2026 |
| Recommendation | Nomination and Remuneration Committee |
| Experience of incoming officer | Over 18 years of professional experience |
| Quarter net profit (Q2 FY27) | ₹10,135 million, down from ₹13,731 million a year earlier |
| Half-year net profit (H1 FY27) | ₹23,866 million, up from ₹14,649 million a year earlier |
| Company | Lodha Developers Limited, formerly Macrotech Developers Limited; Mumbai-based |
| Next event | Results analyst and investor call on 2 November 2026, 1:00 p.m. IST |
What happened
On 30 October 2026, the board of Lodha Developers Limited met to approve unaudited financial results for the quarter and half-year ended 30 September 2026. During the same meeting, the board noted a request for early retirement from Ms. Sanjyot Rangnekar, the company's Company Secretary and Compliance Officer. Her retirement took effect at the close of business on 30 October 2026.
The board then approved the appointment of Ms. Savita Kodain as the new Company Secretary and Compliance Officer, effective 31 October 2026. The appointment followed a recommendation from the Nomination and Remuneration Committee.
The company disclosed the change under Regulation 30 of the Listing Regulations and has uploaded the information to its website, www.lodhagroup.com.
Who is taking over
Ms. Kodain brings over 18 years of professional experience to the role. Ms. Rangnekar's listed title on the company's leadership page was Company Secretary and Compliance Officer, the same role Ms. Kodain now takes on.
The company's leadership page lists Abhishek M Lodha as Managing Director and Chief Executive Officer, and M M Chitale as Chairman.
Results approved at the same meeting
The board approved results for the quarter ended 30 September 2026 in the same session. Reported figures were:
- Quarter net profit: ₹10,135 million, compared with ₹13,731 million in the previous year.
- Total income for the quarter: ₹45,849 million.
- Half-year (H1 FY27) net profit: ₹23,866 million, compared with ₹14,649 million a year earlier.
- Half-year revenue from operations: ₹94,641 million, compared with ₹72,902 million a year earlier.
One report on the results noted that they do not yet account for the impact of the leadership change.
Related corporate activity
The company held a shareholder meeting convened by the National Company Law Tribunal (NCLT) on 9 October 2026, covering equity shareholders for a proposed merger. A separate extraordinary general meeting on the same date was scheduled to approve a Scheme of Merger by Absorption of Roselabs Finance and National Standard (India).
What it means for buyers, investors and the market
The change is a leadership and compliance-role appointment.
For investors, the practical items are the date the new officer takes over and the results discussion scheduled for the following week.
What comes next
- 31 October 2026: Ms. Savita Kodain takes office as Company Secretary and Compliance Officer.
- 2 November 2026, 1:00 p.m. IST: analyst and investor call on the Q2 and H1 FY27 results.
Frequently asked questions
Who is the new Company Secretary at Lodha Developers?
Ms. Savita Kodain was appointed Company Secretary and Compliance Officer, effective 31 October 2026. She brings over 18 years of professional experience.
Who did Savita Kodain replace?
She succeeds Ms. Sanjyot Rangnekar, who took early retirement with effect from the close of business on 30 October 2026.
How was the appointment approved?
The board approved the appointment on the recommendation of the Nomination and Remuneration Committee, at its meeting held on 30 October 2026.
Does the change affect Lodha's projects or strategy?
The disclosures describe a change in the company secretary and compliance officer role only. No change in strategy or project pipeline has been reported.
What were Lodha's latest reported profits?
For the quarter ended 30 September 2026, net profit was ₹10,135 million against ₹13,731 million a year earlier. For the half-year, net profit was ₹23,866 million against ₹14,649 million a year earlier.
When is the next investor event?
An analyst and investor call on the Q2 and H1 FY27 results is scheduled for 2 November 2026 at 1:00 p.m. IST.