Regulatory Disclosure: Offer for Sale Exercise Notice
Subject: Exercise of oversubscription option for offer for sale of equity shares
Key Quantitative Figures
- Base Offer Size: 2,37,95,818 equity shares (face value ₹1 each)
- Base Offer Percentage: 4.87% of total paid-up equity share capital
- Oversubscription Option Exercised: 27,04,182 equity shares
- Oversubscription Percentage: 0.55% of total paid-up equity share capital
- Total Offer Size After Exercise: 2,65,00,000 equity shares
- Total Offer Percentage: 5.42% of total paid-up equity share capital
- Retail Allocation: 26,50,000 equity shares (10% of total offer size)
Dates and Timeline
- Notice Date: November 02, 2026 (original OFS announcement)
- T Day (Non-Retail Investors): Tuesday, November 03, 2026
- T+1 Day (Retail Investors): Wednesday, November 04, 2026
Parties Involved
- Seller: Anand Kamalnayan Pandit (Promoter of Sri Lotus Developers and Realty Limited)
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited (NSE)
- Regulatory Reference: SEBI circulars governing offer for sale through stock exchange mechanism
Transaction Mechanism
The offer for sale will be conducted through the separate designated window of both BSE and NSE. The oversubscription option allows for additional selling beyond the base offer size, which has been partially exercised.
Allocation Structure
- The offer includes a specific allocation for retail investors comprising 26,50,000 equity shares (10% of total offer size)
- Retail bidding will occur on T+1 day (November 04, 2026)
- Non-retail investors can bid on T day (November 03, 2026) with option to carry forward un-allotted bids to T+1 day
Capital Structure Impact
The transaction will reduce the promoter's holding by up to 5.42% of the company's total paid-up equity share capital, depending on full subscription of the offer.