Lodha Developers has announced the resignation of Mr. Rajendra Lodha from his position as a director. Following the resignation on August 18, 2025, the company has decided to refer the matter to appropriate authorities for investigation. An internal review, supplemented by an independent external firm’s recommendations, is underway. The company emphasizes its zero-tolerance policy towards misconduct.
Rajendra Lodha’s Resignation
Mr. Rajendra Lodha has resigned from his position as a director of Lodha Developers, effective August 18, 2025. Subsequent to the resignation and based on initial inquiries, the company has decided to refer the matter to the relevant authorities for further investigation.
Company Investigation and Review
In response to this incident, Lodha Developers has initiated a comprehensive review of its internal processes in areas related to Mr. Lodha’s role. This review includes an independent external firm, whose recommendations are being implemented immediately. This action underscores the company’s commitment to maintaining the highest standards of corporate governance.
Zero-Tolerance Policy
Lodha Developers emphasizes that it maintains a strict zero-tolerance policy toward any misconduct, irrespective of the individual’s seniority or position. Following his resignation on August 17, 2025, Mr. Rajendra Lodha no longer holds any positions within the organization. The company highlighted that for transparency, Mr. Lodha is a distant relative (fourth-degree) of the Company’s Managing Director & CEO.
Source: BSE
