NCLT Orders Shareholder and Creditor Meetings on October 9, 2026 for Roselabs Finance and National Standard Merger with Lodha Developers
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NCLT Directs Lodha Shareholder and Creditor Vote on October 9
The National Company Law Tribunal has directed Lodha Developers to convene separate meetings for its Equity Shareholders and Secured Creditors on October 9, 2026, to consider and approve the Scheme of Merger by Absorption of Roselabs Finance Limited and National Standard (India) Limited into Lodha Developers Limited.
Merger Aims and Scope
This merger aims to streamline group structure and achieve operational efficiencies, optimizing resources across the consolidated entity.
The revised scheme involves Roselabs Finance and National Standard (India) Limited merging with Lodha Developers, with the share exchange ratio confirmed by valuer Bansi S. Mehta Valuers LLP and merchant banker Fedex Securities Private Limited.
The Companies Involved
Roselabs Finance Limited was incorporated as a public limited company on 4 January 1995 in Gujarat, with its registered office later shifted to Maharashtra in December 2018. The company voluntarily deregistered from RBI as a non-banking financial institution in 2018-19, redirecting its focus entirely to real estate. The company is a subsidiary of Arihant Premises Private Limited and a step-down subsidiary of Lodha Developers, with promoter holding at 74.25%.
National Standard (India) Limited was incorporated on August 20, 1962. The company posted a net profit of ₹96.59 crore in FY26, though operational revenue declined to ₹204.18 lakh.
Timeline and Regulatory Process
Roselabs Finance, along with National Standard (India) Limited, filed the Scheme of Merger by Absorption with the National Company Law Tribunal Mumbai Bench on June 11, 2026, and is currently awaiting approval.
The NCLT directed the meeting via order dated August 6, 2026, with remote e-voting opening October 6 and closing October 8, 2026.
The merger requires approvals from shareholders, creditors, the National Company Law Tribunal, stock exchanges, and other regulatory authorities.
About Lodha Developers
Lodha Developers is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered the Bengaluru market in November 2023. Founded in 1980, the company has 25,986 total employees.