Change in Director / Key Managerial Personnel

Appointment

Nature of change: Appointment

Name and DIN: Mr. Paarth Deepak Chheda (DIN: 06430713)

Effective date and tenure: Appointment is for a period of 5 years commencing from October 01, 2026 till September 30, 2031. He is liable to retire by rotation.

Brief profile: Paarth Chheda graduated as an architect from the Illinois Institute of Technology, Chicago. He has been with Lotus Developers for almost a decade and has been a driving force in bringing new technology, value addition, and contemporary design to the company's portfolio.

Relationship with other directors: He is the son-in-law of Mr. Anand Pandit (MD and Chairman of the Company) and Mrs. Roopa Pandit, and spouse of Ms. Ashka Pandit (Executive Director of the Company).

Confirmation of eligibility: The appointment was approved by shareholders at the 12th Annual General Meeting held on Tuesday, September 29, 2026.

Resignation

Nature of change: Resignation

Name and DIN: Mrs. Roopa Anand Pandit (DIN: 01565535)

Effective date: October 01, 2026

Reason for cessation: Due to pre-occupation and personal commitments. She confirmed there are no material reasons other than those stated.

Previous role: Non-Executive Non-Independent Director

Committee membership: Consequently, she ceased to be a member of the Nomination and Remuneration Committee.

Relationship with other directors: Mrs. Roopa Anand Pandit is the wife of Anand Kamalnayan Pandit, Executive Director-Chairperson, and is related to the Promoter-MD.

Key Financial or Operational Approvals

This disclosure does not contain information on financial or operational approvals.

Strategic or Business Context

This disclosure does not contain strategic or business context commentary.

Any Other Material Information

Scrip Symbol / Code: LOTUSDEV / 544469

Date of Disclosure: October 01, 2026

Compliance Officer: Ankit Kumar Tater, Company Secretary and Compliance Officer (Membership No.: A57623)

Regulatory Reference: Intimation made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.