Lodha Developers Limited — Others, 14-02-2025: Corrigendum

Macrotech Developers Limited has issued a corrigendum to its Postal Ballot Notice, providing additional clarity regarding the remuneration structure for Mr. Sushil Kumar Modi as he seeks approval for his appointment as a Whole-time Director for a period of three years. His maximum annual remuneration is set at ₹100 million, with a fixed portion ranging between ₹50 million and ₹75 million, and a variable component capped at 20% of fixed pay. This update reflects the company's commitment to transparency and governance, and Mr. Modi's extensive experience in finance is expected to strengthen the company’s growth trajectory. Investors might view this development positively, considering his track record in capital-raising and improving the balance sheet, which could enhance future profitability.