Sri Lotus Developers and Realty Ltd

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.

Sri Lotus Developers and Realty Ltd's Board of Directors, at its meeting on May 12, 2026, recommended a final dividend of 50% (₹0.50 per equity share of face value ₹1/-) for the financial year 2025-26. The company has issued an intimation to shareholders regarding the applicability of Tax Deducted at Source (TDS) on this final dividend. For resident shareholders, TDS will be 10% if PAN is valid and linked to Aadhar, with exemptions for dividends below ₹10,000 or submission of Form 121. A 20% TDS applies if PAN is invalid or unlinked. Non-resident shareholders will have tax deducted as per the Income-tax Act, 2025, but can avail Double Tax Avoidance Agreement (DTAA) benefits by submitting required documents, including Tax Residency Certificates and Form 41, by October 4, 2026. The company is not obligated to apply beneficial DTAA rates without complete documentation.

Sri Lotus Developers and Realty Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ended September 30, 2026. The company has advised all designated individuals and their relatives to refrain from trading in its securities during this period. The date for the board meeting to approve these financial results will be communicated separately.

Mr. Anand Kamalnayan Pandit, a promoter of Sri Lotus Developers and Realty Ltd, has sold 97,70,000 equity shares, representing 2.00% of the company's paid-up capital, through an open market sale. This transaction was conducted to comply with SEBI's minimum public shareholding requirements. Following the sale, the promoter group's shareholding has decreased from 81.87% to 79.87%. This action is in line with regulatory mandates aimed at ensuring adequate public float.

Sri Lotus Developers and Realty Ltd has informed shareholders about the Tax Deducted at Source (TDS) applicable on the interim dividend of 30% (₹0.30 per equity share) declared for FY 2026-27. The TDS rate will vary based on the shareholder's residential status, PAN, and submitted documentation. Resident individuals with a valid PAN linked to Aadhaar will face a 10% TDS, unless the dividend is below ₹10,000 or a Form 121 is submitted. Non-residents can claim benefits under Double Taxation Avoidance Agreements (DTAA) by submitting specific documents by September 11, 2026.

Sri Lotus Developers and Realty Ltd announced that promoter Mr. Anand Kamalnayan Pandit intends to sell up to 2.00% of the company's total equity share capital, amounting to 97,74,474 shares. This sale, to be conducted in the open market over seven trading days starting September 9, 2026, is aimed at complying with the minimum public shareholding requirements mandated by SEBI regulations. The promoter group's shareholding will reduce from 81.87% to 79.87% upon completion. Mr. Pandit has also undertaken not to buy shares during the sale period to facilitate compliance.

Sri Lotus Developers and Realty Ltd announced that one of its subsidiaries has been appointed as the developer for a residential re-development project in Model Town, Versova, Andheri (W), Mumbai. The project will focus on premium residential spaces with high-end amenities. This development is expected to enhance the company's standing in the luxury real estate market and boost long-term stakeholder value. Further details will be provided in due course.

Sri Lotus Developers and Realty Ltd has informed shareholders about the upcoming Twelfth Annual General Meeting (AGM) for FY 2025-26, scheduled for September 29, 2026. The AGM will be conducted via video conferencing. The company has dispatched the AGM notice and the Annual Report 2025-26 electronically to registered shareholders. For shareholders whose email addresses are not registered, a letter providing a web link and path to access the Annual Report has been sent. Physical copies of the Annual Report will only be dispatched upon specific request. The Annual Report is also available on the company's website.

Sri Lotus Developers and Realty Ltd has filed its Annual Report for the Financial Year ended March 31, 2026, as per SEBI Listing Regulations. The report details the company's focus on creating luxury residential and commercial developments in prime locations, emphasizing architectural excellence, meticulous execution, and customer-centric design. The company aims to redefine urban aspirations by integrating aesthetics, functionality, and sustainability into its projects. Key areas covered include corporate overview, business segments, portfolio, financial statements, and statutory reports. The report is also available on the company's investor relations website.

Sri Lotus Developers and Realty Ltd has announced its 12th Annual General Meeting (AGM) scheduled for September 29, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2025-26, declaration of a final dividend of 50% (₹0.50 per equity share), and the re-appointment of a director retiring by rotation. Additionally, the AGM will seek ratification of remuneration for cost auditors for FY 2026-27 and approval for the appointment of Mr. Paarth Deepak Chheda as an Executive Director.