Macrotech Developers alleges fabricated board resolutions by HoABL entities

Macrotech Developers (BSE: LODHA) has announced it has uncovered a scheme involving allegedly falsified board resolutions ("BRs") and PAN card copies by House of Abhinandan Lodha ("HoABL") entities. The company claims HoABL entities used these documents to improperly gain trademark approvals and alter corporate names to include "LODHA," a registered trademark of Macrotech. The filed BRs allegedly contain fabricated signatures of one of Macrotech's Independent Directors, and the PAN card copies have been altered. Macrotech's Board of Directors convened on April 2, 2025, and has initiated a special committee to pursue appropriate legal action, with Mr. Abhishek Lodha recusing himself from the committee. The company has also uploaded this information to its website.