General Updates

Date: August 14, 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 ISIN: INE0V9Q01010 Subject: Update on Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Intimation filed dated June 18, 2026 pursuant to receipt of order from Office of the Assistant Commissioner of State Tax, Investigation - B, Mumbai Dear Sir/ Madam, With reference to abovementioned subject and in continuation of our intimation dated April, 28, 2026, and June 18, 2026 wherein the Company had informed the stock exchanges regarding receipt of an Order from the Office of the Assistant Commissioner of State Tax, Investigation – B, Mumbai, Maharashtra, we would like to inform that the Company has filed a writ petition before the Deputy Commissioner of State Tax, (Appeals - IV), Mumbai, Maharashtra, challenging the said Order. The brief details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with SEBI Master Circular dated January 30, 2026 are enclosed herewith as an Annexure 1. The Company shall continue to take appropriate legal recourse in the matter and shall remain committed to ensure compliance with applicable laws and regulations. Further material developments, if any, will be intimated to the Stock Exchange(s) in due course. Thanking you. Yours faithfully, For Sri Lotus Developers and Realty Limited (Formerly known as AKP Holdings Limited) Ankit Kumar Tater Company Secretary and Compliance Officer Membership No.: A57623 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 Annexure-1 Sr. No. Particulars Details 1. The details of any change in the status The Company has filed a Writ Petition and / or any development in relation to on August 14, 2026, with Deputy such proceedings Commissioner of State Tax, (Appeals - IV), Mumbai, Maharashtra in response to receipt of Order dated June 18, 2026, from the Office of the Assistant Commissioner of State Tax, Investigation – B, Mumbai, Maharashtra 2. In the case of litigation against key Not Applicable management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings 3. In the event of settlement of the Not Applicable proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed 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 June 18, 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 ISIN:INE0V9Q01010 Subject: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, Pursuant to Regulation 30read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and in continuation to our earlier intimation dated April 28, 2026 wherein we had informed you about receipt of Show Cause Notice from Office of the Assistant Commissioner of State Tax, Mumbai, we wish tofurtherinform you that Veer Savarkar Projects Private Limited, which Director, Western Region, dated October 30, 2024, has received an Order in Form GST DRC-07 pertaining to FY 2020-21, 2021-22 and 2023-24, respectively, from the Office of Assistant Commissioner of State Tax, Mumbai, under Section 74 of read withthe applicable Rules made thereunder. The said Order has beenissued in continuation of the Show Cause Notice dated April 28, 2026, which was duly reported to the Stock Exchanges, as mentioned above. The Company believes that the said demand is not tenable and the Company is in the process of filing appeal against the same. The details as required under Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026are enclose as Annexure A: Thanking you. Yours faithfully, For Sri Lotus Developers and Realty Limited (Formerly known as AKP Holdings Limited) Ankit Kumar Tater Company Secretary and Compliance Officer Membership No.: A57623 Sri Lotus Developers and Realty Limited (Formerly known as AKP Holdings Limited )CIN: L68200MH2015PLC262020 Regd. Office: 5th& 6thFloor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049,MH, India Corporate Office: 5th& 6thFloor, 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 ANNEXURE A SR. PARTICULARS DETAILS NO . 1. Name of the Sri Lotus Developers and Realty limited listed company 2. Type of Order in Form DRC-07 communication received 3. Date of receipt June 18, 2026 communication/ direction or order, including any ad-interim or interim orders or any other communication from the authority 4. Authority from Office of the Assistant Commissioner of State Tax, Investigation -B, Mumbai whom communication received/ Name of the authority 5. Brief summary The Company has received order under Section 74 of the CGST and MGST Act, involving an of the material alleged liability including tax, interest and penalty related to GST, details of which are as contents of the follows: communication (In Rs.) received, TAX Interest Penalty including Period CGST SGST CGST SGST CGST SGST reasons for 20-21 3,44,696 3,44,696 3,03,937 3,03,937 3,44,696 3,44,696 receipt of the 21-22 1,79,17,983 1,79,17,983 1,31,25,777 1,31,25,777 1,79,17,983 1,79,17,983 23-24 27,976 27,976 9,133 9,133 27,976 27,976 communication/ Details of the The Company has already paid the tax component of abovementioned liabilities under violation(s)/ protest. contravention(s) committed or alleged to be committed. Sri Lotus Developers and Realty Limited (Formerly known as AKP Holdings Limited )CIN: L68200MH2015PLC262020 Regd. Office: 5th& 6thFloor, Lotus Tower, 1 Jai Hind Soc., N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049,MH, India Corporate Office: 5th& 6thFloor, 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 6. Period for which FY 2020-21, 2021-22 and 2023-24 communication would be applicable, if stated 7. Expected There is no material impact on financials, operations or other activities of the Companydue financial to the said order. implications, operation or other activities of the listed company, quantifiable in monetary terms to the extent possible 8. Details and As stated above natur [Showing first 8,000 characters — download PDF for full document]