BSECompany Update2 Nov 2026 · 2 Nov 2026, 05:39 pm
Notice of the proposed Offer for Sale of equity shares of face value of Rs. 1 each ("Equity Shares") of Sri Lotus Developers and Realty Ltd (the "Company") by one of its Promoter, through the stock exchange mechanism (the "Notice")
Sri Lotus Developers and Realty Ltd · 544469
✦ AI SummaryFundraise
Sri Lotus Developers and Realty Ltd's promoter plans to sell up to 2.38 crore equity shares, representing 4.87% of the total paid-up equity share capital, through an offer for sale (OFS) on BSE and NSE.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Sri Lotus Developers and Realty Ltd - 544469 - Notice of Offer for Sale of shares by Promoter & Floor Price
Attachments (1)
📄pdf
Download →
F3D6CCB2-7241-4974-BCAA-39E0572D733D-173953.pdf
View document text
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]