Sri Lotus Developers Invests ₹4.91 Crore in Subsidiaries

Nature of the Event

The Executive Committee of the Board of Sri Lotus Developers and Realty Limited, at its meeting held on July 3, 2026, approved the subscription to equity shares to be issued by its wholly-owned subsidiaries through a rights issue. This constitutes a further investment in these entities.

Details of the Target Entities and Proposed Investment

The investment is being made in three wholly-owned subsidiary companies:

1. Veera Desai Projects Private Limited

• Business: Engaged in the business of real estate, development/re-development of residential and commercial projects.
• Investment Details: The Company will subscribe to 9,90,000 equity shares of face value ₹10 each for a total cash consideration of ₹99,00,000 (Rupees Ninety-nine Lakhs Only).
• Shareholding Post-Investment: The Company's shareholding will remain at 100%.
• Background: Incorporated on June 03, 2013, with its registered office in Mumbai, India. Its turnover for FY 2023-24, FY 2024-25, and FY 2025-26 was Nil.

2. Dhiti Projects Private Limited

• Business: Engaged in the business of real estate, development/re-development of residential and commercial projects.
• Investment Details: The Company will subscribe to 29,60,000 equity shares of face value ₹10 each for a total cash consideration of ₹2,96,00,000 (Rupees Two Crores Ninety Six Lakhs Only).
• Shareholding Post-Investment: The Company's shareholding will remain at 100%.
• Background: Incorporated on June 28, 2023, with its registered office in Mumbai, India. Its turnover for FY 2023-24, FY 2024-25, and FY 2025-26 was Nil.

3. Prasati Projects Private Limited

• Business: Engaged in the business of real estate, development/re-development of residential and commercial projects.
• Investment Details: The Company will subscribe to 9,60,000 equity shares of face value ₹10 each for a total cash consideration of ₹96,00,000 (Rupees Ninety Six Lakhs Only).
• Shareholding Post-Investment: The Company's shareholding will remain at 100%.
• Background: Incorporated on July 17, 2023, with its registered office in Mumbai, India. Its turnover for FY 2023-24, FY 2024-25, and FY 2025-26 was Nil.

Total Investment

The aggregate investment across all three subsidiaries is ₹4,91,00,000 (Rupees Four Crores Ninety One Lakhs Only).

Regulatory and Transaction Details

• Related Party Transaction: The transaction is exempt from the provisions applicable to related party transactions under Regulation 23(5) of the SEBI LODR Regulations, 2015, as it is between the Company and its wholly-owned subsidiaries.
• Government/Regulatory Approvals: No governmental or regulatory approvals are required for this acquisition.
• Consideration: The consideration for the acquisition is 100% cash.
• Completion Timeline: The acquisition is scheduled to be completed on or before July 11, 2026.

Purpose and Impact

The stated object of the acquisition is for the wholly-owned subsidiaries to expand the Company's business in the real estate sector. The funds injected will be utilized to meet the working capital requirements of these subsidiaries.

Disclosure Reference

The disclosure is made in compliance with Regulation 30 of SEBI LODR and refers to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.