Key Quantitative Figures
- Number of shares proposed for sale: 97,74,474 Equity Shares of face value ₹1 each
- Percentage of total issued and paid-up equity share capital: 2.00%
- Current promoter and promoter group holding: 81.87% (as of September 08, 2026)
- Expected promoter holding after sale: 79.87%
Timeline and Execution Details
- Sale period: 7 trading days beginning from September 09, 2026
- Sale method: Open market route through stock exchange(s)
- Completion: May occur in single or multiple tranches, with completion expected by the earlier of full sale or end of the 7-day period
Parties Involved
- Selling promoter: Mr. Anand Kamalnayan Pandit
- Compliance officer: Ankit Kumar Tater, Company Secretary and Compliance Officer (Membership No.: A57623)
- Stock exchanges: BSE Limited and National Stock Exchange of India Limited
Regulatory Framework
Disclosure made under:
- Rule 19(2)(b) and 19(A) of Securities Contracts (Regulation) Rules, 1957
- Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 (last updated January 30, 2026)
Additional Documentation
An undertaking from Mr. Anand Kamalnayan Pandit is enclosed as Annexure I, wherein he commits that he, any promoter group entity, and persons acting in concert will not buy any equity shares in the open market during the dates when the sale is being conducted.
Compliance Measures
The Company will ensure compliance with:
- SEBI (Prohibition of Insider Trading) Regulations, 2015
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Public Disclosure
The information will be hosted on the company website at https://lotusdevelopers.com/investor-relations