LOTUSDEV Board Approves Q1 FY26 Results, Appoints Secretarial Auditors, and Ratifies ESOP
The announcement includes unaudited quarterly financial results showing a decline in performance, which is a key indicator for investors. Additionally, the appointment of auditors and ESOP ratification are standard corporate actions.
The company reported a significant decrease in both consolidated and standalone revenue from operations and net profit after tax for the quarter ended June 30, 2025, compared to the corresponding quarter of the previous year.
Sri Lotus Developers and Realty Limited's Board of Directors, at its meeting held on Tuesday, August 26, 2025, approved the following key matters: * Unaudited Financial Results for Q1 FY26 (Quarter ended June 30, 2025): * Consolidated: * Revenue from Operations stood at ₹613.18 million (₹61.32 crore), a decrease from ₹1,206.90 million (₹120.69 crore) in the corresponding quarter ended June 30, 2024. * Net Profit after tax was ₹257.88 million (₹25.79 crore), down from ₹401.60 million (₹40.16 crore) in the same period last year. * Basic Earnings Per Share (EPS) decreased to ₹0.59 from ₹1.00. * Standalone: * Revenue from Operations was ₹366.50 million (₹36.65 crore), a decrease from ₹638.50 million (₹63.85 crore) in the corresponding quarter ended June 30, 2024. * Net Profit after tax was ₹227.20 million (₹22.72 crore), down from ₹300.72 million (₹30.07 crore) in the same period last year. * Basic Earnings Per Share (EPS) decreased to ₹0.52 from ₹0.75. * Appointment of Secretarial Auditors: The Board approved the appointment of M/s Vishal N Manseta, Practicing Company Secretaries, as the Secretarial Auditors for a term of five consecutive years, from Financial Year 2025-26 to 2029-30. This appointment is subject to the approval of the company's members at the upcoming Annual General Meeting. * ESOP Ratification: The Board ratified the "Sri Lotus Developers Employee Stock Option Plan 2024," which is also subject to the approval of the members at the ensuing Annual General Meeting.
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Sri Lotus Developers and Realty Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sri Lotus Developers and Realty Limited. Read the original for the full detail.