Sri Lotus Developers AGM approves ₹0.50 dividend and new director
- Final dividend of ₹0.50 per share approved for FY26
- Mr. Paarth Deepak Chhedda appointed as Executive Director
- 70.07% of equity share capital represented at the AGM
- Audited financial statements for FY26 adopted by shareholders
*this image is generated using AI for illustrative purposes only.
Sri Lotus Developers & Realty Limited shareholders approved a final dividend of ₹0.50 per equity share for FY26 during the company's 12th Annual General Meeting held on September 29, 2026.
The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), also ratified the appointment of Mr. Paarth Deepak Chhedda as Executive Director and adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.
Key resolutions passed
The following ordinary business items were transacted at the AGM:
| Resolution | Details |
|---|---|
| Adoption of Financials | Approved audited standalone and consolidated financial statements for FY26 along with Board and Auditor reports. |
| Dividend Declaration | Declared a final dividend of ₹0.50 per equity share (face value ₹1) for FY26. |
| Director Re-appointment | Appointed Ms. Ashka Anand Pandit as Director, replacing herself upon retirement by rotation. |
Special business included the ratification of cost auditor remuneration for FY27 and the appointment of Mr. Paarth Deepak Chhedda as Executive Director.
Meeting proceedings and attendance
The AGM commenced at 11:30 am and concluded at 12:16 pm. A total of 44 members representing 34,24,43,493 equity shares, constituting 70.07% of the company's equity share capital, attended the meeting.
Mr. Anand Pandit, Chairman and Managing Director, chaired the session. Key attendees included Mrs. Roopa Anand Pandit (Non-Executive Director), Ms. Ashka Anand Pandit (Whole Time Director), and independent directors Mr. Madhukant Sanghvi, Mr. Ved Prakash Bharadwaj, and Ms. Priti Desai. Mr. Sanjay Kumar Jain served as CEO, and Mr. Rakesh Kailash Gupta as CFO.
Representatives from statutory auditor M/s. T.P. Ostwal & Associates LLP and scrutinizer M/s. Manish Ghia & Associates were present via VC. The company utilized Kfin Technologies Limited for electronic voting facilities, which remained open for an additional 15 minutes post-meeting to accommodate late voters.
Historical Stock Returns for Sri Lotus Developers & Realty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.93% | -0.13% | +14.76% | +95.41% | +10.61% | +9.44% |
How will the appointment of Mr. Paarth Deepak Chhedda as Executive Director influence Sri Lotus Developers' strategic direction and project pipeline for FY27?
What impact might the ratified cost auditor remuneration have on the company's operational cost structure and margin management in the upcoming fiscal year?
Given the 70.07% shareholder attendance, how might the voting dynamics shift in future AGMs if the company expands its retail investor base?
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