Offer for sale

Date: November 02, 2026 THIS NOTICE (AS DEFINf,D HEREIN) IS NOT FOR RELEASE, PUBLICATION AND/OR DISTRIBUTION IN AND/OR INTO THE I]NITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THf, UNITED STATES OF AMERICA, OR THE DISTRICT OF COLUMBIA (TOGETHER, THE "UNITED STATES") (EXCEPT TO *QUALIFTED INSTITUTIONAL BUYERS", AS DEFINED HEREIN) OR ANY *OTHER JI]RISDICTIONS" (AS DEFINED HEREIN). FOR FURTHER INFORMATION, *IMPORTANT SEE INFOR.I\{ATION" HEREIN. The Managing Director, The Managing Director, BSE Limited, National Stock Exchange of lndia Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, PIot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai - 400 051 India India Dear Sir/Madam. Subject: Notice of the proposed Offer for Sale of equity sharcs of face value of { I each ("f,quity Shares") of Sri Lotus Developers and Realty Limited (the "Company") by one of its Promoter, through the stock exchange mechanism (the "Notice") I am directed to refer to paragraph l9 ofchapter I ofthe master circular for stock exchanges and clearing corporations bearing reference number SEBI/HO/MRDPoD2/CIR/P12024100181 dated December 30, 2024 notified by the Securities and Exchange Board of India C'SEBI') ("SEBI Master Circular"), pertaining to comprehensive guidelines on offer for sale of shares through the stock exchange mechanism, and the applicable notices and circulars issued by the Stock Exchanges (as defined hereinunder) from time to time in this regard, including (a) "Revised Operational Guidelines for Offer for Sale (OFS) Segment" issued by BSE vide its notice bearing no. 20240701-19 dated Ju1y l,2024 ("BSE OFS Circular") and, to the extent applicable, the previous or new notices issued by BSE in this regard; and (b) "Revised operaling guidelines of Offer for Sale" issued by NSE by way of its circular bearing no.2512026 dated February 24, 2026 and, to the extent applicable, the previous or new circulars issued by NSE in this regard ("NSf, OFS Circular", together with the BSE OFS Circular, the "Stock Exchange Circulars" and together with the SEBI Master Circular, the "OFS Guidelines"). Anand Kamalnayan Pandit (the "Promoter" or the "Seller") is one of the promoters of Sri Lotus Developers and Realty Limited. The Seller proposes to sell up to 2,37,95,818 Equity Shares of the Company, representing 4.87%o of the total paid-up Equity Share capital of the Company (the "Base Offer Size"), on Tuesday, November 03,2026 ("T day") (for non-Retail Investors only) and on Wednesday, November 04,2026 ("T+l day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell up to 50,00,000 Equity Shares (representing 1.02% ofthe total issued and paid-up Equity Share capital ofthe Company) (the "Oversubscription Option" and in the event that the Oversubscription Option is exercised, the Equity Shares forming part ofthe Base Offer Size and the Oversubscription Option will collectively hereinafter be referred to as "Offer Shares") through a separate, designated window of BSE Limited and the National Stock Exchange oflndia Limited (together, the "Stock f,xchanges"), in accordance with the OFS Guidelines. The Offer shall be undertaken exclusively through the Seller's Brokers named below ("Seller's Brokers") on a separate window provided by the Stock Exchanges for this purpose. The Offer is being undertaken by the Seller, inter alia, for achieving the minimum public shareholding in the Cornpany as prescribed under Rule I 9(2)(b) ofthe Securities Contracts (Regulation) Rules, 1957, as amended, and Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, is one ofthe permissible methods prescribed by SEBI by way of its circutar bearing no. SEBI/HO/CFDlPoD2tPlClN2023/18 dated February 3,2023 ("MPS Circular") read with the Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated Novembet 11,2024 ('SEBI LODR Master CirculaC'). The Seller, has sold 97,70,000 Equity Shares (representing 2.00% ofthe total issued and paid-up equity share capital ofthe company) on September 10,2026, through open market sale, in accordance with SEBI Master Circular No. Ho/49ll4i l4(7)2025-CFDPOD2lll3762lZ026 issued on July I l, 2023 (last updated on January 30, 2026) to comply with the minimum public shareholding requirements applicable to the Company. The Company vide its letter dated October 14, 2026, has applied for exemption with SEBI, seeking relaxation from the applicability ofthe l2-week cooling offperiod prescribed under the SEBI Circular No. SEBVHO/MRD/MRD-PoD-3/P/CIR"/2023110 dated January 10, 2023 C'SEBI OFS Circular") to comply with the provisions of Securities Contract (Regulation) Rules 1957 ("SCRR") on Minimum Public Shareholding (MPS) read with SEBI MPS Circular which is part of the sEBl LODR Master Circular. Further, SEBI vide its letter dated October 19, 2026 has acceded the request ofthe Cornpany to undertake the OFS through Stock Exchange Mechanism, ganting it exemption from requirement ofa cooling-off period of 12-week under OFS Guidelines, in order to facilitate compliance with the applicable minimum public shareholdirrg requirements and promote ease of doing business. This Notice is being issued to the Stock Exchanges in accordance with the OFS Guidelines to announce the Seller's intention to undertake the Offer and contains important information in relation to the Offer, including certain information that is required to be disclosed pursuant to the OFS Guidelines. Other important information in relation to the Offer is set out below under the heading "Important Information", and the information included therein constitutes an integral part of the terms and conditions of the Offer. Bidders/prospective purchasers, as well as their brokers, are required to read the information included in this Notice in its entirety along with the OFS Guidelines before participaling in the Offer. Prospective investors, as well as their brokers, are requested to read the entire contents of this Notice, along with the OFS Guidelines, before participating in the Offer. Sr. Details required to be Particulars of the Offer No. mentioned in the Notice l. Name ofthe Seller (Promoter) Anand Kamalnayan Pandit ("Promoter") 1 Name of the company whose Name: Sri Lotus Developers and Realty Limited shares are proposed to be sold and ISIN ISIN: INE0V9Q0l0l0 3 Name of the stock exchanges BSE and NSE where orders shall be placed 1 Name of the designated stock National Stock Exchange ofIndia Limited ("NSE") exchange 5 Name of the designated clearing NSE Clearing Limited corporation 6. Dates and time ofthe opening and The Offer shall take place on a separate window ofthe closing ofthe Ofler Stock Exchanges on Tuesday, November 03, 2026 ("T" day) and Wednesday, November 04, 2026 ("T+1" day), from 9: l5 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below. Sr. Details required to be Particulars of the Offer No, mentioned in the Notice For non-Retail Investon: Tuesday, November 03, 2026. Only non-Retail Investors shall be allowed to place their bids on T day. While placing their bids, non- Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+l day for allocation to them in the unsubscribed portion of Retail Category (defined below). The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day, commencing at 9: l5 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date. Those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un- allotted bids to T+l day, shall [Showing first 8,000 characters — download PDF for full document]