Macrotech Developers revise record date for 1:1 bonus shares
Macrotech Developers has revised the record date for the purpose of bonus shares.12-05-2023
12-05-2023
Macrotech Developers Ltd - 543287 - Intimation Of Revised Record Date For The Purpose Of Determining Members Eligible For Bonus Equity Shares
With reference to our letter dated May 5, 2023, please note that the record date has been revised to Wednesday, May 31, 2023 for the purpose of determining members eligible for bonus equity shares in the proportion of 1 new fully paid up equity share of ? 10 each for every existing 1 equity share of ? 10 each, subject to approval of shareholders through postal ballot.10-05-2023
Macrotech Developers sets record date for 1:1 bonus shares
During today's closing session, Macrotech Developers, a large cap company, had a market cap of 43,186.64 Cr.05-05-2023
Macrotech Developers Ltd - 543287 - Intimation Of Record Date For The Purpose Of Determining Members Eligible For Bonus Equity Shares
With reference to our letter dated April 22, 2023, we had intimated recommendation of the Board, for issue of bonus equity shares in the proportion of 1 new fully paid up equity share of Rs. 10 each for every existing 1 equity share of Rs. 10 each, subject to approval of shareholders through postal ballot. We wish to inform that the Company has fixed Friday, May 26, 2023 as the Record Date for the purpose of determining members eligible for bonus equity shares.05-05-2023
Macrotech to invest about Rs 2,500 cr this fiscal on land acquisition
Macrotech Developers will invest around Rs 2,500 crore this fiscal to buy land and to pay its joint venture partners against land acquired in the previous years. Mumbai-headquartered Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It buys land outright as well as enters into joint development agreements (JDAs) with land owners to create a pipeline of future projects. "The total investment that we envisage this year into land is about Rs 2,500 crore, which includes all the new land plus any partner share for whatever land we have taken on JDA (joint development agreement) in the past years," Macrotech Developers MD and CEO Abhishek Lodha told investors. According to a transcript of interactions with investors posted on stock exchanges, Lodha said the JDA projects tend to have investments, which is between 5 per cent and 10 per cent of the GDV (gross development value). "And the outright lands tend to hav04-05-2023
Aim to invest 2,500 cr in FY24; focus on Mumbai, Pune Bengaluru: Lodha Group MD
Macrotech Developers believes in diversifying across the affordable, mid and luxury housing segments, and believes that India will see a housing boom over the next 15 years, said Abhishek Lodha02-05-2023
Macrotech Developers to invest Rs 4,500 cr in FY23 on real estate projects
Macrotech Developers Ltd will invest Rs 4,500 crore this fiscal year on construction of real estate projects as it seeks to ramp up execution capabilities amid strong housing demand. Mumbai-headquartered Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. In an interview with PTI, Macrotech Developers MD and CEO Abhishek Lodha noted that the demand for residential properties continues to be strong despite increase in mortgage rates as well as housing prices. Its sales bookings grew 34 per cent in 2022-23 to Rs 12,014 crore and it has set a target of 20 per cent growth to Rs 14,500 crore in the current financial year, he highlighted. Lodha noted that the company generated Rs 4,600 crore worth of net operating cash flow surplus which reflects its strength to convert land into real estate products, and then building as well as selling it in a timely manner. The surplus cash flow was used for investment on la30-04-2023
Macrotech Developers Ltd - 543287 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyMacrotech Developers Ltd 2CIN NO.U45200MH1995PLC093041 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 1574.30 4Highest Credit Rating during the previous FY A+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Sanjyot Rangnekar Designation: Company Secretary and Compliance Officer EmailId: [email protected] Name of the Chief Financial Officer: Sushil Kumar Modi Designation: Chief Financial Officer EmailId: [email protected] Date: 28/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.28-04-2023
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
We are enclosing herewith a copy of the transcript of the Company's Q4FY23 earnings conference call held on April 24, 2023. The transcript is also being uploaded on the Company's website i.e. www.lodhagroup.in under the Investors section.27-04-2023
Macrotech Developers Ltd - 543287 - Certificate In Compliance With Regulation 40(9) & 40(10) Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Certificate issued under Regulation 40(9) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, by Sharatkumar Shetty & Associates, Practicing Company Secretary, in respect of the share transfers and allied operations relating to the Company during the period April 1, 2022 to March 31, 202326-04-2023