Sri Lotus Developers Expands with Two New Wholly Owned Subsidiaries
Sri Lotus Developers & Realty Limited (SLDRL) has incorporated two new wholly owned subsidiaries: Rise Root Projects Private Limited and Arahan Projects Private Limited. Both subsidiaries, with an authorized and paid-up capital of Rs. 10.00 lakh each, will focus on real estate development and redevelopment of residential and commercial projects. SLDRL invested a total of Rs. 20.00 lakh in cash for these acquisitions, which did not require governmental or regulatory approvals. The move signals SLDRL's strategic expansion in the real estate sector.
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Sri Lotus Developers & Realty Limited (SLDRL), a prominent player in the Indian real estate sector, has announced the incorporation of two new wholly owned subsidiaries, marking a significant expansion of its operations.
Rise Root Projects: The Latest Addition
SLDRL incorporated Rise Root Projects Private Limited as its wholly owned subsidiary. This new entity, with a Corporate Identification Number U68200MH2025PTC460489, is set to focus on real estate development and redevelopment of residential and commercial projects.
Key Details of Rise Root Projects
| Particulars | Details |
|---|---|
| Authorized Capital | Rs. 10.00 lakh |
| Paid-up Capital | Rs. 10.00 lakh |
| Shareholding | 100% owned by SLDRL |
| Shares Acquired | 1 lakh equity shares |
| Face Value per Share | Rs. 10.00 |
Arahan Projects: Another Strategic Move
SLDRL had also incorporated Arahan Projects Private Limited as another wholly owned subsidiary. This entity, with the Corporate Identification Number U68200MH2025PTC460282, shares similar characteristics with Rise Root Projects.
Expansion Strategy
Both subsidiaries are poised to expand SLDRL's presence in the real estate sector, focusing on development and redevelopment of residential and commercial projects. The company's decision to create these subsidiaries suggests a strategic move to diversify and strengthen its market position.
Financial Implications
The incorporation of these subsidiaries involved a cash consideration of Rs. 10.00 lakh each, totaling an investment of Rs. 20.00 lakh by SLDRL. This move does not fall under related party transactions, and no governmental or regulatory approvals were required for these acquisitions.
Future Outlook
While both Rise Root Projects and Arahan Projects are yet to commence business operations, their incorporation signals SLDRL's intent to capitalize on opportunities in the real estate market. The company's expansion through these wholly owned subsidiaries may potentially lead to increased project capacity and market reach.
As the real estate sector continues to evolve, SLDRL's strategic expansion through these new subsidiaries could position the company for growth in various segments of the property market. Investors and industry observers will be keen to watch how these new entities contribute to SLDRL's overall business strategy and performance in the future.
