Sri Lotus Developers & Realty Limited (LOTUSDEV), a prominent player in the Indian real estate sector, has announced the incorporation of two new wholly owned subsidiaries. This strategic move, aimed at expanding the company's presence in the real estate market, was disclosed in a regulatory filing on November 4, 2025.

New Subsidiaries

The company has established two new entities:

1. Sonnet Projects Private Limited
2. Avion Realty Private Limited

Both subsidiaries are set to operate in the real estate development sector, focusing on residential and commercial projects.

Key Details

Here's a breakdown of the essential information about the new subsidiaries:

Financial Implications

Sri Lotus Developers & Realty has invested Rs. 10.00 lakh in each subsidiary through 100% cash subscription to their equity share capital. This represents the entire paid-up capital of both Sonnet Projects Private Limited and Avion Realty Private Limited.

Business Objectives

The primary objective behind the incorporation of these subsidiaries is to expand Sri Lotus Developers & Realty's business in the real estate sector. Both entities are poised to engage in the development and redevelopment of residential and commercial projects, aligning with the parent company's core business activities.

Current Status

It's important to note that both Sonnet Projects Private Limited and Avion Realty Private Limited are newly incorporated entities and have not yet commenced business operations. As such, they do not have any turnover to report at this time.

Regulatory Compliance

The company has affirmed that the initial subscription to these subsidiaries does not fall within the purview of related party transactions. Furthermore, no governmental or regulatory approvals were required for the incorporation of these subsidiaries.

Sri Lotus Developers & Realty Limited's move to establish these new subsidiaries demonstrates the company's commitment to growth and expansion in the real estate sector. As these entities begin operations, they are expected to contribute to the company's overall business strategy and market presence.

Sri Lotus Developers & Realty Limited has announced the incorporation of a new wholly-owned subsidiary, Asvi Projects Private Limited, marking a significant step in its real estate expansion strategy.

Key Details of the New Subsidiary

Strategic Expansion

The formation of Asvi Projects is aimed at supporting Sri Lotus Developers' growth in real estate and redevelopment activities. This move aligns with the company's strategy to expand its footprint in the real estate sector, potentially opening up new avenues for residential and commercial project development.

Financial Implications

Sri Lotus Developers has invested Rs. 10,00,000 in cash consideration for 1,00,000 equity shares of Asvi Projects, each with a face value of Rs. 10. This initial investment establishes Asvi Projects as a wholly-owned subsidiary, allowing Sri Lotus Developers to maintain full control over its operations and strategic direction.

Regulatory Compliance

The company has informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant corporate actions that may impact the company's future performance.

Outlook

While Asvi Projects is yet to commence business operations, its establishment signals Sri Lotus Developers' commitment to growth and expansion in the real estate sector. The move may potentially enhance the company's capacity to undertake new projects and capitalize on emerging opportunities in the property market.

Investors and market watchers will likely monitor how this new subsidiary contributes to Sri Lotus Developers' overall business strategy and financial performance in the coming quarters.