Sri Lotus Developers and Realty Ltd

Sri Lotus Developers and Realty Ltd has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from Wednesday, July 01, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The company has advised all designated persons and their immediate relatives not to trade in its securities during this period, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The date for the Board of Directors' meeting to approve these financial results will be communicated separately.

Sri Lotus Developers and Realty Ltd announced that its merged entity, Veer Savarkar Projects Private Limited, has received an Order in Form GST DRC-07 from the Office of the Assistant Commissioner of State Tax, Mumbai. This order pertains to FY 2020-21, 2021-22, and 2023-24, involving an alleged GST liability of approximately ₹4.1 crore (including tax, interest, and penalty). The company has already paid the tax component under protest and believes the demand is not tenable. Sri Lotus Developers is in the process of filing an appeal against the order. The company states there is no material impact on its financials, operations, or other activities.

Sri Lotus Developers and Realty Ltd submitted a Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report, received on May 14, 2026, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The monitoring agency declared no deviations from the IPO's stated objectives.

Sri Lotus Developers and Realty Ltd reported strong FY26 results, with revenue reaching ₹769 Crs, a 40% year-over-year increase. Q4 revenue stood at ₹308 Crs, up 62% YoY. The company's EBITDA margin was 39.4% for Q4 and 36.5% for FY26. Profit after tax (PAT) for Q4 was ₹101 Crs and ₹243 Crs for FY26, a 7% YoY increase. Pre-sales surged to ₹1,157 Crs, growing 137% YoY. The company anticipates pre-sales of ₹1,800–2,000 Crs for FY27 and maintains a net debt-free status.

Sri Lotus Developers and Realty Ltd's board recommended a final dividend of ₹0.50 per equity share (50%) for FY 2025-26, subject to shareholder approval at the upcoming AGM. Promoter and Promoter Group shareholders, holding 81.87% of the company's shares, have voluntarily waived their right to receive the dividend to support the company's expansion plans. The dividend, if approved, will be credited/dispatched within 30 days from the AGM date to eligible shareholders. The board meeting was held on May 12, 2026, commencing at 05:00 P.M. (IST) and concluding at 06:15 P.M. (IST).

Sri Lotus Developers and Realty Ltd approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.50 per equity share for FY 2025-26, subject to shareholder approval. Promoter and Promoter Group shareholders, holding 81.87% of shares, voluntarily waived their right to receive the dividend to support company expansion. The board meeting was held on May 12, 2026.

Sri Lotus Developers and Realty Ltd announced its audited financial results for FY26, reporting strong pre-sales growth and profitability. Pre-sales surged 137% YoY to ₹1,157 Cr. The company launched Project Celestia in Versova, with bookings of ₹155 Cr within seven days. Nine new projects were added with a cumulative GDV of ~₹8,500–9,000 Cr. The company plans to launch six projects in FY27 with an estimated GDV of ~₹5,000–5,500 Cr. The Board approved a dividend payout of 50% for FY26, with the Promoter Group waiving its entitlement.

Sri Lotus Developers and Realty Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹0.50 per equity share (50%) for FY 2025-26, subject to shareholder approval. Promoter and Promoter Group shareholders, holding 81.87% of shares, voluntarily waived their right to receive the dividend to support company expansion. The board meeting concluded at 6:15 P.M. (IST).

Sri Lotus Developers and Realty Ltd has scheduled a Board of Directors meeting on May 12, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a final dividend, if any, for the financial year 2025-26. The trading window, which was closed from April 1, 2026, will re-open 48 hours after the declaration of the financial results.

Sri Lotus Developers and Realty Ltd announced that its merged entity, Veer Savarkar Projects Private Limited, has received a Show Cause Notice (Form GST DRC-01) from the Assistant Commissioner of State Tax, Mumbai. The notice, dated April 28, 2026, pertains to alleged GST violations for FY 2020-21, 2021-22, and 2023-24, involving a total alleged liability of approximately ₹10.00 crore, including tax, interest, and penalty. The company has already paid the tax component under protest and plans to submit an appropriate response contesting the allegations, stating there will be no material impact on its financials or operations.