Sri Lotus Developers and Realty Limited has closed its trading window for designated persons and their immediate relatives effective from July 1, 2026, to prevent insider trading ahead of its quarterly financial results. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. This measure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct for regulating, monitoring, and reporting insider trading.

The company has advised all designated persons and their immediate relatives to refrain from trading in the securities of the company during this specified period. The restriction applies to both standalone and consolidated financial results for the period. The specific date for the board meeting to consider and approve these unaudited results will be communicated to the exchanges in due course.

Compliance Details

The closure of the trading window is a standard procedure implemented by listed companies to ensure that no insider trading takes place while unpublished price-sensitive information is in possession of the company's insiders. The regulations mandate that the trading window be closed during the period leading up to the announcement of financial results.

Sri Lotus Developers and Realty Limited, formerly known as AKP Holdings Limited, is listed on both the BSE Limited and the National Stock Exchange of India Limited. The company's scrip code on the BSE is 544469, and the trading symbol on the NSE is LOTUSDEV. The intimation was submitted by Ankit Kumar Tater, the Company Secretary and Compliance Officer.

Sri Lotus Developers and Realty Limited has received an order in Form GST DRC-07 from the Office of the Assistant Commissioner of State Tax, Mumbai, pertaining to FY 2020-21, 2021-22, and 2023-24. The order, issued under Section 74 of the Central Goods and Services Tax (CGST) Act, 2017 and the Maharashtra Goods and Services Tax (MGST) Act, 2017, follows a Show Cause Notice dated April 28, 2026. The company believes the demand is not tenable and is in the process of filing an appeal against the same.

The order relates to Veer Savarkar Projects Private Limited, which merged with Sri Lotus Developers and Realty Limited pursuant to an order dated October 30, 2024. The communication was received on June 18, 2026, and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The order details an alleged liability involving tax, interest, and penalty. The company has already paid the tax component of the liabilities under protest. The table below outlines the financial implications as per the order.

Company Response

Sri Lotus Developers and Realty Limited stated that there is no material impact on its financials, operations, or other activities due to the said order. The company is preparing to file an appeal with the Appellate Authority within the prescribed timeline. The appeal will include all necessary information, supporting documents, and representations to contest the demand and claims raised by the tax authority.