StockWatch
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Residential, Commercial Projects
Management Change1 Oct 2026, 03:29 pm

Sri Lotus Developers Appoints New Executive Director, Director Resigns

AI Summary

Sri Lotus Developers and Realty Ltd has announced changes in its directorial board following its 12th Annual General Meeting (AGM) held on September 29, 2026. Mr. Paarth Deepak Chheda has been appointed as an Executive Director for a term of 5 years, commencing October 1, 2026, and concluding on September 30, 2031. This appointment was approved by the shareholders at the AGM. Concurrently, Mrs. Roopa Anand Pandit has resigned from her position as Non-Executive Non-Independent Director, effective October 1, 2026, citing preoccupations and personal commitments. Her resignation also leads to her ceasing to be a member of the Nomination and Remuneration Committee. The company has provided detailed disclosures as required by SEBI regulations.

Key Highlights

  • Mr. Paarth Deepak Chheda appointed as Executive Director for 5 years.
  • Mrs. Roopa Anand Pandit resigns as Non-Executive Non-Independent Director.
  • Director's resignation is effective from October 1, 2026.
  • Changes approved by shareholders at the 12th Annual General Meeting.