Acquisition

July 03, 2026 To, To, The Compliance Manager The Manager Listing Department Listing and Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai - 400001 Mumbai - 400051 Scrip Code: 544469 Scrip Symbol: LOTUSDEV Subject: Intimation of investment in Wholly Owned Subsidiaries of the Company via Right Issue. Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you that the Executive Committee of the Board, at its meeting held on July 3, 2026, has approved the subscription to the equity shares proposed to be issued by the Company's wholly owned subsidiaries through a rights issue, by way of further investment. The details of the proposed investment are provided below: The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is given hereunder: Sr. Particulars Details Details Details 1. Name of the Veera Desai Projects Private Dhiti Projects Private Limited Prasati Projects Private Limited target entity, Limited (“Wholly Owned (“Wholly Owned Subsidiary (“Wholly Owned Subsidiary details in brief Subsidiary Company”) engaged in Company”) engaged in the Company”) engaged in the such as size, the business of real estate, business of real estate, business of real estate, development/re-development of development/re-development of development/re-development of turnover etc. residential and commercial residential and commercial residential and commercial projects projects. projects. The turnover of Veera Desai The turnover of Dhiti Projects The turnover of Prasati Projects Projects Private Limited for the Private Limited for the financial Private Limited for the financial financial year ended March 31, year ended March 31, 2026 is Nil year ended March 31, 2026 is Nil 2026 is Nil 2. Whether the Since the transaction is proposed Since the transaction is proposed Since the transaction is proposed acquisition to be undertaken between the to be undertaken between the to be undertaken between the would fall within Company and its wholly owned Company and its wholly owned Company and its wholly owned related party subsidiary, it is exempt from the subsidiary, it is exempt from the subsidiary, it is exempt from the provisions applicable to related provisions applicable to related provisions applicable to related transaction(s) party transactions in terms of party transactions in terms of party transactions in terms of and whether the Regulation 23(5) of the SEBI Regulation 23(5) of the SEBI Regulation 23(5) of the SEBI promoter/ (Listing Obligations and Disclosure (Listing Obligations and Disclosure (Listing Obligations and Disclosure promoter group / Requirements) Regulations, 2015. Requirements) Regulations, 2015. Requirements) Regulations, 2015. group companies have any interest in the entity Sri Lotus Developers and Realty Limited (Formerly known as “AKP Holdings Limited”) CIN: L68200MH2015PLC262020 Regd. Office: 5th & 6th Floor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049, MH, India Corporate Office: 5th & 6th Floor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049, MH, India Tel: +91-7506283400 Email: contact@lotusdevelopers.com Website: www.lotusdevelopers.com being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which Real estate and development/ re Real estate and development/ re Real estate and development/ re the entity being development of residential and/or development of residential development of residential and/or acquired belongs commercial projects and/or commercial projects commercial projects 4. Objects and The Wholly-Owned Subsidiaries The Wholly-Owned Subsidiaries The Wholly-Owned Subsidiaries impact of shall expand the Company's shall expand the Company's shall expand the Company's acquisition business in the real estate sector, business in the real estate sector, business in the real estate sector, (including but and the funds shall be utilized to and the funds shall be utilized to and the funds shall be utilized to meet their working capital meet their working capital meet their working capital not limited to, requirements. requirements. requirements. disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); 5. Brief details of No governmental or regulatory No governmental or regulatory No governmental or regulatory any approvals is required approvals is required approvals is required governmental or regulatory approvals required for the acquisition 6. Indicative time On or before July 11, 2026 On or before July 11, 2026 On or before July 11, 2026 period for completion of the acquisition 7. Nature of 100% subscription to the share 100% subscription to the share 100% subscription to the share consideration - capital for cash consideration. capital for cash consideration. capital for cash consideration. whether cash consideration or share swap or any other form and details of the same 8. Cost of Rs. 99,00,000 (Rupees Ninety-nine Rs. 2,96,00,000 (Rupees Two Rs. 96,00,000 (Rupees Ninety Six acquisition Lakhs Only) comprising of 9,90,000 crores Ninety Six Lakhs Only) Lakhs Only) comprising of 9,60,000 and/or the price (Nine Lakh and Ninety Thousand) comprising of 29,60,000 (Twenty (Nine Lakhs and Sixty Thousand Sri Lotus Developers and Realty Limited (Formerly known as “AKP Holdings Limited”) CIN: L68200MH2015PLC262020 Regd. Office: 5th & 6th Floor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049, MH, India Corporate Office: 5th & 6th Floor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049, MH, India Tel: +91-7506283400 Email: contact@lotusdevelopers.com Website: www.lotusdevelopers.com at which the equity shares of Face Value of Rs. Nine Lakhs and Sixty Thousand Only) equity shares of Face Value shares are 10/- each Only) equity shares of Face Value of Rs. 10/- each acquired; of Rs. 10/- each 9. Percentage of With the current investment, the With the current investment, the With the current investment, the shareholding / Company’s shareholding in Veera Company’s shareholding in Dhiti Company’s shareholding in Prasati control acquired Desai Projects Private Limited Projects Private Limited remains Projects Private Limited remains at and / or number remains at 100% at 100% 100% of shares acquired 10. Brief background Product/line of Business: Real Product/line of Business: Real Product/line of Business: Real about the entity estate and development/ re estate and development/ re estate and development/ re acquired in terms development of residential and/or development of residential development of residential and/or of products/line commercial projects. and/or commercial projects. commercial projects. of business Company was incorporated on Company was incorporated on Company was incorporated on July acquired, date of incorporation, June 03, 2013, with its registered June 28, 2023, with its registered 17, 2023, with its registered office history of last 3 office in Mumbai, India office in Mumbai, India in Mumbai, India years turnover, country in which History/Turnover: History/Turnover: History/Turnover: the acquired FY 2025-26 – Nil FY 2025-26 – Nil FY 2025-26 – Nil entity has FY 2024-25 – Nil FY 2024-25 – Nil FY 2024-25 – Nil presence and any FY 2023-24 – Nil FY 2023-24 – Nil FY 2023-24 – Nil other significant information (in brief) Kindly take the above on record. Thanking You, For Sri Lotus Developers and Realty Limited (Formerly known as AKP Holdings Limited) Ankit Kumar Tater C [Showing first 8,000 characters — download PDF for full document]