Sri lotus developers & realty Limited has been appointed as the developer for a prestigious mixed-use redevelopment project located in Lokhandwala, Andheri (W). The company made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 on February 11, 2026.

Project Overview

The proposed redevelopment project will feature premium residential and commercial spaces designed with world-class amenities and sophisticated architecture. The development aims to create an exclusive address that combines luxury living with commercial functionality in one of Mumbai's sought-after locations.

Strategic Impact

The company expects this development to significantly strengthen its presence in the luxury real estate segment. Sri Lotus Developers views this appointment as an opportunity to enhance long-term stakeholder value through its expansion into premium mixed-use developments.

The project represents the company's continued focus on high-end real estate developments that cater to discerning customers seeking exclusive addresses with sophisticated amenities.

Regulatory Compliance

The appointment was formally disclosed to both BSE Limited and National Stock Exchange of India Limited as part of the company's regulatory obligations. Sri Lotus Developers stated that additional information about the project will be disclosed in due course as development progresses.

The disclosure was signed by Ankit Kumar Tater, Company Secretary and Compliance Officer, ensuring proper adherence to listing regulations and transparency requirements.

Sri Lotus Developers & Realty Limited announced its unaudited financial results for the quarter ended December 31, 2025, reporting robust performance across key financial metrics. The Board of Directors approved the quarterly results at their meeting held on February 09, 2026.

Q3FY26 Financial Performance

The company delivered strong consolidated financial results for the third quarter, demonstrating significant growth in profitability and revenue generation.

Nine Months Performance

For the nine months ended December 31, 2025, the company maintained strong momentum with consolidated revenue from operations reaching ₹4,614.53 million and total income of ₹4,965.84 million. The net profit for the nine-month period stood at ₹1,423.81 million, reflecting the company's consistent operational efficiency.

IPO Proceeds Utilization Extension

The Board approved the extension of timeline for utilization of unutilized IPO proceeds, with ₹4,835.72 million remaining unutilized as of the reporting date. The extension addresses construction timeline adjustments and regulatory approval deferrals.

Strategic Corporate Actions

The company's board approved several strategic initiatives including investment in wholly owned subsidiaries through equity subscription and lending limit approval of ₹50 crores for subsidiary LLP under Section 186 of the Companies Act, 2013. The board also ratified the extension of ESOP 2024 benefits to subsidiary employees, subject to shareholder approval through postal ballot.

Subsidiary Expansion

During the quarter, the company incorporated five wholly owned subsidiaries: Asvi Projects Private Limited, Sonnet Projects Private Limited, Avion Realty Private Limited, Arahan Projects Private Limited, and Rise Root Projects Private Limited, all engaged in real estate development activities.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by T.P. Ostwal & Associates LLP. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the company maintaining its focus on transparency and regulatory adherence.