Sri Lotus Developers 12th AGM Concludes with 50% Dividend

Date: Tuesday, September 29, 2026
Time: Commenced at 11:30 A.M. (IST) and concluded at 12:16 P.M. (IST)
Location/Venue: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM). The Registered Office at 5th & 6th Floor, Lotus Tower, 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai - 400049, Maharashtra, India, was deemed the venue.
Type of Meeting: 12th Annual General Meeting

The following ordinary and special business items were proposed for shareholder approval:

Ordinary Business:

1. To receive, consider, and adopt:

The Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors.
The Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Report of the Auditors.

2. To declare a Final Dividend @ 50% (₹0.50 per equity share of face value ₹1 each) for the Financial Year 2025-26.

3. To re-appoint Ms. Ashka Anand Pandit (DIN: 10594507) as a Director, who retired by rotation.

Special Business:

4. To ratify the remuneration of Cost Auditors for the Financial Year 2026-27.

5. To approve the appointment of Mr. Paarth Deepak Chheda (DIN: 06430713) as Executive Director of the Company.

The company availed the services of Kfin Technologies Limited (KFintech) to provide an electronic voting system.
Remote e-voting period: Open from 9:00 a.m. on Saturday, September 26, 2026, to 5:00 p.m. on Monday, September 28, 2026.
E-voting at the AGM: The facility for voting through the e-voting system was made available during the meeting for members who had not cast their vote prior to the meeting. The e-voting remained open for an additional 15 minutes after the conclusion of the AGM.
The company appointed Ms. Sandhya R. Malhotra, Partner of M/s Manish Ghia & Associates, as the Scrutinizer to scrutinize the voting process in a fair and transparent manner.

Directors and Key Personnel in Attendance:

Mr. Anand Pandit, Chairman & Managing Director
Mrs. Roopa Anand Pandit, Non-Executive & Non-Independent Director
Ms. Ashka Anand Pandit, Whole Time Director
Mr. Madhukant Sanghvi, Independent Director, Chairperson of Audit Committee & Stakeholder Relationship Committee
Mr. Ved Prakash Bharadwaj, Independent Director
Ms. Priti Desai, Independent Director & Chairperson of Nomination and Remuneration Committee
Mr. Sanjay Kumar Jain, Chief Executive Officer
Mr. Rakesh Kailash Gupta, Chief Financial Officer
Mr. Ankit Kumar Tater, Company Secretary and Compliance Officer

Other Attendees:

Representatives of the Statutory Auditor, Ms. Esha Shah, Partner of M/s. T.P. Ostwal & Associates LLP, Chartered Accountants
The Scrutinizer, Ms. Sandhya Malhotra, Partner from M/s. Manish Ghia & Associates

Total of 4 shareholders spoke/raised queries during the meeting.
Responses to queries were provided by Mr. Anand Pandit, Chairman and Managing Director.

The Notice of the 12th AGM dated September 07, 2026, and the Annual Report for FY 2025-26 were circulated electronically to members.
The Registers of Directors and Key Managerial Personnel and their shareholding, and the Register of Contracts or Arrangements in which Directors are interested, were made available electronically for inspection.
The Scrutinizer is to submit a consolidated report on the voting process.
The voting results were to be announced within 2 working days of the meeting conclusion and intimated to BSE Limited and the National Stock Exchange of India Limited. Results are to be placed on the company's website (www.lotusdevelopers.com) and KFintech's website (https://evoting.kfintech.com/).
There were no qualifications, observations, or adverse remarks in the reports of the Statutory Auditors and Secretarial Auditors.