Sri Lotus Developers and Realty Limited

Sri Lotus Developers and Realty Limited

Sri Lotus Developers and Realty Limited has informed the Exchange about the acquisition of its wholly owned subsidiaries, Veera Desai Projects Private Limited, Dhiti Projects Private Limited, and Prasati Projects Private Limited, through a rights issue.

Sri Lotus Developers and Realty Limited

Sri Lotus Developers and Realty Limited announced the closure of its trading window for all designated persons and their immediate relatives. The closure is effective from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. This is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The date for the board meeting to approve these results will be intimated separately.

Sri Lotus Developers and Realty Limited

Sri Lotus Developers and Realty Limited has received an order from the Office of the Assistant Commissioner of State Tax, Mumbai, under Section 74 of the CGST and MGST Act, 2017, involving an alleged liability of Rs. 3,44,696 for FY 2020-21, Rs. 1,79,17,983 for FY 2021-22, and Rs. 27,976 for FY 2023-24, related to GST. The company has already paid the tax component of the liabilities and is in the process of filing an appeal against the demand.