Macrotech Developers Limited (formerly known as Lodha Group) has revealed a startling discovery regarding the use of false documents and the misuse of its trademarks by certain entities associated with House of Abhinandan Lodha (HoABL). This update follows previous communications on January 22, 2025, and February 27, 2025, concerning the suit filed by the company against HoABL for infringing its Intellectual Property Rights (IPR).

Key Findings from the Discovery

• Fabricated Board Resolutions: The company discovered that certain HoABL entities filed Board Resolution(s) (BRs) with government authorities that purportedly granted permission for the use of Macrotech’s trademarks. However, these resolutions were fabricated, as no such Board meetings took place on the dates mentioned in these documents, and the Company’s Board had never considered or approved such resolutions.

• Fake Signatures and Altered PAN Card: The BRs contained a signature of one of the Independent Directors of the Company, but upon verification, it was found that the signature was forged and significantly different from the Director’s true signature. Additionally, a PAN card copy of the said Independent Director was attached to the documents, but this PAN card had been altered, with changes to the signature and photograph.

• Unauthorized Trademark Use: The HoABL entities used these fraudulent documents to change their corporate names to include the word ‘LODHA’, which is the registered trademark of Macrotech Developers. The name change was approved by government authorities, allowing these entities to use the LODHA name for their business activities.

Company’s Response

Upon learning of these fraudulent actions, the Board of Directors of Macrotech Developers convened a meeting on April 2, 2025 and took serious cognizance of the situation. The Board recognized the conspiracy to use fabricated documents to misuse the Company’s goodwill, brand, and registered trademark.

As a response to these alarming findings, the Board has formed a Special Committee of Directors to thoroughly investigate the matter and take the appropriate legal action against those responsible. It is also noteworthy that Mr. Abhishek Lodha, the managing director of the company, has requested not to be part of the Committee, a request that has been duly accepted by the Board.

Further Steps and Legal Action

Macrotech Developers is determined to protect its intellectual property and brand reputation and will be pursuing legal measures to address the misuse of its trademarks. The company will also be investigating other potential fraudulent activities related to these fabricated documents and will cooperate with authorities to ensure the matter is resolved.

This disclosure highlights the serious nature of the situation and the company’s commitment to upholding its legal rights. The Special Committee will ensure that all legal avenues are explored to prevent further damage to the brand and hold the responsible parties accountable.

Conclusion

Macrotech Developers Limited has taken decisive steps to address the discovery of false documents and trademark infringement. By forming a Special Committee, the company aims to pursue all necessary legal actions to safeguard its interests and reputation in the market.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in .Choice Broking FinX

Read more