• Select Financial Year:

  2024

  • 2025
  • 2024
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March Quarter

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Post QIP as on March 07, 2024

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December Quarter

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September Quarter

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June Quarter

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Lodha Developers Limited was incorporated as 'Lodha Developers Private Limited' on September 25, 1995 in the state of Maharashtra at Mumbai as a private limited company under the Companies Act, 1956, as amended and converted into public limited company w.e.f March 14, 2018. The name of the company was changed to 'Macrotech Developers Limited' on May 24, 2019.

Registered Office: 412, Floor - 4, 17G, Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001.

Corporate Office: Lodha Excelus, L 2, N M Joshi Marg, Mahalaxmi, Mumbai 400 011.

Phone Number: +91 (22) 6773 7373

Email Id:  investor.relations@lodhagroup.com

Grievances redressal officer
Ms. Sanjyot Rangnekar
Company Secretary and Compliance Officer
Tel No : +91 22 67737373
E-mail:  investor.relations@lodhagroup.com

Details of Debenture Trustees
Name: IDBI Trusteeship Services Ltd.
Address: Asian Building, Ground Floor, 17 R. Kamani Marg, Ballard Estate, Mumbai - 400 001. Tel No.: 022-4080 7000
Fax: 022-6631 1776
Email:  jatin.bhat@idbitrustee.com

Name: Catalyst Trusteeship Limited
Address: Windsor, 6th Floor, Office No - 604, C.S.T. Road, Kalina, Santacruz (East), Mumbai – 400 098
Telephone No. : 022 4922 0555
Fax: 022 4922 0505
Email:  ComplianceCTLMumbai@ctltrustee.com
Website: https://catalysttrustee.com/

Registrars & Share Transfer Agents
Link Intime India Private Limited
C 101, 247 Park, L.B.S.Marg, Vikhroli (West)
Mumbai 400 083
Telephone: +91 22 49186200
Facscimile: +91 22 49186195
Investor Grievance E-mail:  rnt.helpdesk@linkintime.co.in
Contact Person: Ashok Shetty
Website: www.linkintime.co.in
SEBI Registration No.: INR000004058

• Select Financial Year:

  2024

  • 2024
  • 2022
  • 2021

Preliminary Placement Document

• THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED IN THE UNITED STATES. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY MACROTECH DEVELOPERS LIMITED (THE “COMPANY”) TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “SEBI REGULATIONS”).

   

  Please read this notice carefully - it applies to all persons who view this site.

   

  The placement and distribution of this Preliminary Placement Document dated March 4, 2024 (the “Preliminary Placement Document”) is being done in reliance on Chapter VI of the SEBI Regulations and Section 42 of the Companies Act, 2013, as amended and the rules made thereunder, to the extent applicable.

   

  The materials placed herein (the “Materials”) are so placed pursuant to the SEBI Regulations and are not intended to nor constitute an invitation to subscribe or a solicitation to offer to subscribe to the securities referred therein. Unless a pre-numbered Preliminary Placement Document accompanied by an application form is addressed to a specific person inviting such person to make a bid through such application form, no offer and/or invitation of offer shall be deemed to have been made.

   

  Viewing this information may not be lawful in certain jurisdictions. Only persons located outside the United States may view this information.

   

  Unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended that any offering of securities by the Company would be made directly or indirectly, in or into, the United States, except pursuant to an exemption from registration as described below.

   

  The securities being referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any U.S. state securities laws. Accordingly, subject to certain exceptions, such securities may not be offered, sold or otherwise transferred in or into the United States. The information and document contained behind these screens should not be viewed by any person resident or physically located in the United States.

   

  The placement referred to herein is being made in reliance upon the SEBI Regulations and Section 42 of the Companies Act, 2013, as amended and the rules made thereunder, to the extent applicable. This Preliminary Placement Document is personal to each prospective investor and does not constitute an offer or invitation or solicitation of an offer to the public or any other person or class of investors within or outside India other than eligible qualified institutional buyers, as defined in the SEBI Regulations. This Preliminary Placement Document has not been and will not be registered as a prospectus or a statement in lieu of prospectus with the Registrar of Companies in India, will not be circulated or distributed to the public in India or any other jurisdiction, and will not constitute a public offer in India or any other jurisdiction.

   

  If you are not permitted to view the Materials on this website or are in any doubt as to whether you are permitted to view these Materials, please exit this webpage.

   

  To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are not located inside the United States. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

   

  By clicking on "I confirm", you are further confirming that you shall not base any investment decision on the information contained herein and you agree that the information contained herein is not an offer to the public or to any other class of investors.

   

  The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

   

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  You are not permitted to view the materials in this section of the website.

• Preliminary Placement Document

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Placement Document

• THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED IN THE UNITED STATES. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY MACROTECH DEVELOPERS LIMITED (THE “COMPANY”) TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “SEBI REGULATIONS”).

   

  Please read this notice carefully - it applies to all persons who view this site.

   

  The placement and distribution of this Placement Document dated March 7, 2024 (the “Placement Document”) is being done in reliance on Chapter VI of the SEBI Regulations and Section 42 of the Companies Act, 2013, as amended and the rules made thereunder, to the extent applicable.

   

  The materials placed herein (the “Materials”) are so placed pursuant to the SEBI Regulations and are not intended to nor constitute an invitation to subscribe or a solicitation to offer to subscribe to the securities referred therein.

   

  Viewing this information may not be lawful in certain jurisdictions. Only persons located outside the United States may view this information.

   

  Unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended that any offering of securities by the Company would be made directly or indirectly, in or into, the United States, except pursuant to an exemption from registration as described below.

   

  The securities being referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any U.S. state securities laws. Accordingly, subject to certain exceptions, such securities may not be offered, sold or otherwise transferred in or into the United States. The information and document contained behind these screens should not be viewed by any person resident or physically located in the United States.

   

  The placement referred to herein is being made in reliance upon the SEBI Regulations and Section 42 of the Companies Act, 2013, as amended and the rules made thereunder, to the extent applicable. This Placement Document is personal to each prospective investor and does not constitute an offer or invitation or solicitation of an offer to the public or any other person or class of investors within or outside India other than eligible qualified institutional buyers, as defined in the SEBI Regulations. This Placement Document has not been and will not be registered as a prospectus or a statement in lieu of prospectus with the Registrar of Companies in India, will not be circulated or distributed to the public in India or any other jurisdiction, and will not constitute a public offer in India or any other jurisdiction.

   

  If you are not permitted to view the Materials on this website or are in any doubt as to whether you are permitted to view these Materials, please exit this webpage.

   

  To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are not located inside the United States. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

   

  By clicking on "I confirm", you are further confirming that you shall not base any investment decision on the information contained herein and you agree that the information contained herein is not an offer to the public or to any other class of investors.

   

  The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

   

  I ConfirmI Do Not Confirm

   

  You are not permitted to view the materials in this section of the website.

• Placement Document

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• Select Financial Year:

  2024

  • 2024
  • 2023

Tax Dividend

• Tax on Final Dividend FY 2023-2024 Income Tax Act, 1961 ('The IT Act') as amended by the Finance Act, 2020, mandates that dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of shareholders and the Company shall be required to withhold tax at the applicable tax rates for Resident Shareholder at 10% with valid Permanent Account Number (PAN) or at 20% without PAN/invalid PAN and for Non-Resident Shareholders at the rates prescribed under the IT Act or Tax Treaty. No TDS will be deducted on dividend payable to a resident individual shareholder if the aggregate of the amounts of such dividend, paid during the relevant Financial Year ('FY') i.e., FY 2024-25, does not exceed INR 5,000/-.

  A new section i.e., 206AB has been inserted vide Finance Act, 2021 (further amended by Finance Act, 2022) providing for twice the TDS rate specified for the non-filers of income tax return. However, the said proposed provisions will not apply to a non-resident who does not have a permanent establishment in India. The income tax authorities have come up with a list of specified persons i.e., the persons who have not filed their returns as per section 206AB of the IT Act. Accordingly, TDS shall be applicable at twice the rate of TDS specified in case of shareholders who would be present in the specified persons list.

  The Board of Directors of Macrotech Developers Limited (‘the Company’) at its meeting held on April 24, 2024 have recommended a final dividend of ₹ 2.25/- per equity share (22.50%) per equity share of ₹10/- each for the Financial Year ended March 31, 2024 subject to shareholder's approval at the ensuing Annual General Meeting.

  If you are a shareholder of the Company as on the record date (i.e., Friday, August 16, 2024), and the dividend receivable by you is taxable under the IT Act, 1961, the Company shall be obligated to deduct taxes at source on the dividend payable to you as per the applicable provisions under the IT Act, 1961.

  Accordingly, in order to enable the Company to determine the appropriate tax rate at which tax has to be deducted at source under the respective provisions of the IT Act, we request you to provide the below-mentioned details and documents as applicable to you on or before Friday, August 16, 2024. The final dividend will be paid subject to same approved by the shareholders of Company in the ensuing Annual General Meeting and after deduction of tax at source as determined on the basis of the below-mentioned documents provided by the respective shareholders as applicable to them and being found satisfactory.

  A. Resident shareholders:

  A.1 Tax deductible at source for Resident Shareholders (other than resident individual shareholders receiving dividend not exceeding INR 5,000 during the FY 2024-25)

  Particulars	Withholding tax rate	Declaration / documents required/Remarks
  Valid PAN updated with the Depository Participant in case shares are held in dematerialized form; or Registrar and Transfer Agent ('RTA') in case shares are held in physical form and no exemption sought by Shareholder.	10%	NA
  No PAN/ Invalid PAN with the Depository Participant in case shares are held in dematerialized form; or RTA in case shares are held in physical form and no exemption sought by Shareholder or where shareholders who have not linked PAN and Aadhaar, the PAN will be considered as invalid and higher rate of taxes shall apply [Applicable if dividend is declared, distributed or paid on or after 1 July 2023, subject to any further relaxation as may be provided by the Central Board of Direct Taxes, (CBDT)]	20%	NA
  TDS rate specified for non-filers of income-tax return	20%	Resident shareholders who have not filed their return of income for immediately preceding the financial year in which tax is required to be deducted, for which the time limit for furnishing the return of income under section 139(1) has expired and the aggregate of tax deducted at source and tax collected at source exceeds INR 50,000 or more in the said previous year, TDS at higher rate as prescribed under the IT Act will be applicable.
  Availability of lower/nil tax deduction certificate issued by Income Tax Department u/s 197 of the IT Act	Rate specified in Lower tax withholding certificate obtained from Income Tax Department	• Copy of PAN card • Copy of lower tax withholding certificate obtained from Income Tax Department

  A.2 Nil Tax Deductible at Source on dividend payment to Resident Shareholders if the Shareholders submit documents mentioned in the below table with the Company/RTA on or before Friday, August 16, 2024

  Particulars	Declaration / Documents required	Annexures
  An Individual furnishing Form 15G/15H	• Copy of PAN card • Declaration in Form No. 15G (applicable to an individual who is less than 60 years) / Form 15H (applicable to an Individual who is 60 years and above), fulfilling prescribed conditions.	Form 15G (PDF) Form 15G (Doc) Form 15H (PDF) Form 15H (Doc)
  Shareholders to whom section 194 of the IT Act does not apply such as LIC, GIC, etc.	• Copy of PAN card • Self-declaration along with adequate documentary evidence (e.g, registration certificate), to the effect that the no tax withholding is required as per provisions of section 194 of the IT Act.	Self-declaration form
  Shareholder covered u/s 196 of the IT Act such as Government, RBI, Mutual Funds specified u/s 10(23D), corporations established by Central Act and exempt from Income Tax.	• Copy of PAN card • Self-declaration along with adequate documentary evidence, substantiating applicability of 196 of the IT Act.	Self-declaration form
  Category I and II Alternative Investment Fund (AIF)	• Copy of PAN card • Self-declaration that AIF's income is exempt under Section 10 (23FBA) of the IT Act and they are governed by SEBI regulations as applicable to Category I or Category II AIFs, along with copy of registration certificate.	Self-declaration form
  Any other entity exempt from withholding tax under the provisions of section 197A of the IT Act (including those mentioned in Circular No. 18/2017 issued by CBDT)	• Copy of PAN card • Self-declaration along with adequate documentary evidence, substantiating the nature of the entity • Copy of the lower tax withholding certificate obtained from Income Tax Department (except those covered by Circular 18/2017)	Self-declaration form

  B. NON-RESIDENT SHAREHOLDERS:
  Tax deductible at source for non-resident shareholders.

  Category	Withholding tax rate	Declaration / documents required	Annexures
  Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs)	20% (plus applicable surcharge and cess) or tax treaty rate, whichever is beneficial	Self-declaration along with adequate documentary evidence substantiating the nature of the entity. To avail beneficial rate of tax treaty following tax documents would be required: • Copy of PAN card; • Copy of Tax Residency certificate issued by the revenue authority of the country of residence of shareholder for the financial year 2024-25 (covering the period from April 1, 2024 to March 31, 2025). • In case a Tax Residency certificate is issued on a calendar year basis and a copy for calendar year 2024 is not available, please furnish copy of the application filed with the revenue authority of country to residence to obtain Tax Residency certificate. • Copy of Form 10F executed in electronic mode obtained from Income-tax portal. • Self-declaration for no permanent establishment / fixed base / business connection in India, place of effective management, beneficial ownership and eligibility to avail tax treaty benefit [on shareholder's letterhead]. (Note: Application of beneficial Tax Treaty Rate shall depend upon the completeness and satisfactory review by the Company of the documents submitted by the shareholders. In case the documents are found to be incomplete, the Company reserves the right to not consider the tax rate prescribed under the tax treaty).	Self-declaration form (Annexure 4)
  Other Non-resident shareholders	20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial	To avail beneficial rate of tax treaty following tax documents would be required: • Copy of PAN card (if available) • Copy of Tax Residency certificate issued by revenue authority of country of residence of shareholder for the financial year 2024-25 (covering the period from April 1, 2024 to March 31, 2025) • Copy of Form 10F executed in electronic mode obtained from Income-tax portal. • Self-declaration for no permanent establishment / fixed base / business connection in India, place of effective management, beneficial ownership and eligibility to avail tax treaty benefit [on shareholder's letterhead] (Note: Application of beneficial Tax Treaty Rate shall depend upon the completeness and satisfactory review by the Company of the documents submitted by the non-resident shareholders. In case the documents are found to be incomplete, the Company reserves the right to not consider the tax rate prescribed under the tax treaty).	Self-declaration form (Annexure 4)
  Availability of Lower/NIL tax deduction certificate issued by Income Tax Department u/s 195 or 197 of the IT Act.	Rate specified in Lower tax withholding certificate obtained from Income Tax Department	Copy of the lower tax withholding certificate obtained from Income Tax Department.

  Please note that the Company is not obligated to apply the Tax Treaty rates at the time of deduction/ withholding on dividend amounts. Application of Tax Treaty rate shall depend upon the completeness of the documents (as required under the provisions of the IT Act) submitted by the non-resident shareholder.

  In the absence of PAN/ valid PAN, tax will be deducted at a higher rate of 20% as per section 206AA of the Act. Further, in a case where PAN is not updated with the Company’s RTA or information sought in the declaration are not provided, higher rate of withholding tax as per section 206AA shall be applied.

  Shareholders holding shares under multiple folios/ dematerialisation accounts under different status / category under a single PAN, may note that, higher of the tax as applicable to the status in which shares held under a PAN will be considered on their entire holding in different accounts.

  Further, in case of a non-resident (company), 206AA shall not apply in respect of payments in the nature of dividend, if the shareholder furnishes the following details and the documents specified in sub-rule (2) of Rule 37BC of the Income-tax Rules, 1962 to the Company. (Annexure 6)

  In case, dividend income is assessable to tax in the hands of a person other than the registered Shareholder as on the Record Date, the registered shareholder is required to furnish a declaration containing the name, address, PAN of the person to whom TDS credit is to be given and reasons for giving credit to such person in terms of Rule 37BA of Income Tax Rules 1962. (Annexure 7)

  The documents such as Form 15G/ 15H, documents under section 196, 197A, FPI Registration Certificate, Tax Residency Certificate, Lower Tax certificate etc. can be uploaded on the link https://liiplweb.linkintime.co.in/formsreg/submission-of-form-15g-15h.html on or before Friday, August 16, 2024 to enable the Company to determine the appropriate withholding tax rate applicable. In case where copy of documents (such as, PAN card, Registration certificate, etc.) is provided, the copy should be self-attested by the Shareholder or its authorized signatory. Shareholders holding shares of the Company as on the record date i.e., Friday, August 16, 2024 shall only be required to submit the documents/declarations. Any communication in relation to tax rate determination/deduction received post August 16, 2024 shall not be considered in view of stipulated timelines of dividend payment.

  Please note that three cells are available [(a) for KYC, (b) Exemption Form 15G/ 15H etc, and (c) for any other supporting document] on the aforesaid link for uploading the documents. In case you wish to upload multiple documents for each category, kindly scan them all in one file and upload them in the relevant category cell up to the maximum file size of 1MB. Kindly note that the Company will not accept any declaration/document on any email address. investor.relations@lodhagroup.com for any issues in uploading the documents.

  The Company will issue soft copy of the TDS certificate to its shareholders through email registered with the Company / Link Intime India Private Limited post payment of the dividend. Shareholders will be able to download the tax credit statement from the Income Tax Department's website https://www.incometax.gov.in/iec/foportal/ (refer to Form 26AS).

• Select Financial Year:

  2025

  • 2025

Investor Complaints

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Draft Scheme of Merger by Absorption Investor Complaints

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Valuation Report

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Report from the Audit Committee recommending the Draft Scheme

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Fairness Opinion

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Details of financials of the Companies for the last 3 years

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Auditor’s certificate on compliance with Accounting Treatment

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Detailed Compliance Report

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Report from the Committee of Independent Directors recommending the Draft Scheme

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Declaration on past defaults

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Board’s Report recommending the Draft Scheme

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Declaration as not a Willful Defaulter

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Undertaking for obtaining No Objection Certificate

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