Promoter Anand Kamalnayan Pandit sold 97,70,000 equity shares (representing 2% of total issued capital) of sri lotus developers & realty in the open market on September 10, 2026. The transaction was executed to comply with minimum public shareholding requirements.

Stake sale details

The divestment marks the completion of the sale window that began on September 9, 2026. The sale reduces the aggregate shareholding of promoters and the promoter group from 81.87% to 79.87% of the total issued and paid-up equity share capital.

The transaction adheres to SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026. This follows an earlier intimation dated September 8, 2026, regarding the planned divestment.

Sri Lotus Developers & Realty has declared an interim dividend of ₹0.30 per equity share for FY27 and recommended a final dividend of ₹0.50 for FY26. The Board also fixed the date for its 12th Annual General Meeting (AGM) and recommended appointing Mr. Paarth Deepak Chheda as Executive Director.

The board meeting was held on September 1, 2026. Shareholders registered as of September 11, 2026, are eligible to receive the interim payout. The company issued detailed intimation regarding Tax Deduction at Source (TDS) on the dividend, outlining procedures for resident and non-resident shareholders under the Income-tax Act, 2025.

Dividend Details

The Board approved the first interim dividend at a rate of 30%, translating to ₹0.30 per share of face value ₹1 each for FY27. The record date for determining eligible equity shareholders is set for Friday, September 11, 2026.

For FY26, the company proposed a final dividend of 50%, or ₹0.50 per equity share of face value ₹1 each. The record date for this final dividend is fixed for Friday, September 25, 2026. This payment is subject to shareholder approval at the upcoming AGM and applicable tax deductions at source.

TDS on Dividend

The company notified shareholders that TDS will be deducted on the interim dividend as per Section 393 of the Income-tax Act, 2025. For resident individual shareholders with valid PAN linked to Aadhaar, tax is deducted at 10%. No TDS applies if the aggregate dividend does not exceed ₹10,000 or if Form No. 121 is submitted by September 11, 2026. If PAN is invalid or not linked, TDS is levied at 20%.

Non-resident shareholders must submit documents including Tax Residency Certificate and Form No. 41 by September 11, 2026, to avail Double Tax Avoidance Agreement benefits. Failure to update KYC or bank details may result in withheld dividends.

AGM and Corporate Governance

The 12th Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 11:30 am via Video Conferencing or Other Audio-Visual Means. The notice convening the AGM and the annual report for FY26 will be dispatched electronically to shareholders in due course.

CS Sandhya R. Malhotra, Partner at Manish Ghia & Associates, has been appointed as the scrutinizer for the voting process at the AGM.

Board Appointment Recommendation

The Board recommends the appointment of Mr. Paarth Deepak Chheda (DIN: 06430713) as an Executive Director for a period of five consecutive years, commencing from October 1, 2026. This recommendation follows a shareholder notice under Section 160 of the Companies Act, 2013, and is pending shareholder approval at the AGM.