04-Jul-2026 15:18:50

LOTUSDEVAcquisition and merger

SRI LOTUS DEVELOPERS AND REALTY LIMITED : WHOLLY OWNED SUBSIDIARIES ACQUIRED EQUITY SHARES

• Company has received allotment confirmations for rights issue of shares from its wholly owned subsidiaries. • Allotment received on July 4, 2026, from Veera Desai Projects Private Limited (9,90,000 shares), Dhiti Projects Private Limited (29,60,000 shares), and Prasati Projects Private Limited (9,60,000 shares). • Issue price for all subsidiaries was ₹10/- per share. • Total consideration for Veera Desai Projects: ₹99,00,000/-, Dhiti Projects: ₹2,96,00,000/-, and Prasati Projects: ₹96,00,000/-.

Sri Lotus Developers and Realty Ltd

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