Sri Lotus Developers Announces AGM Date, Interim Dividend, and Director Appointment
Sri Lotus Developers will hold its 12th AGM on Sept 29, 2026. The board recommended appointing Paarth Deepak Chheda as Executive Director for 5 years from Oct 1, 2026. An interim dividend of 30% (Rs. 0.30/share) was declared with a record date of Sept 11, 2026. The record date for the final dividend (FY25-26) is Sept 25, 2026.
The declaration of an interim dividend and the appointment of a new director are material events that can influence investor decisions, but the impact is moderate as they are standard corporate actions.
The announcement is positive due to the declaration of an interim dividend and the recommendation for a new executive director appointment, which are generally viewed favorably by investors.
Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) announced the outcome of its Board of Directors meeting held on September 01, 2026. The board has approved the fixation of the date for the 12th Annual General Meeting (AGM) for the Financial Year 2025-2026, which is scheduled for Tuesday, September 29, 2026, at 11:30 AM via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). CS Sandhya R. Malhotra has been appointed as the Scrutinizer for the AGM's voting process.
Furthermore, the board recommended the appointment of Mr. Paarth Deepak Chheda (DIN: 06430713) as an Executive Director for a period of five consecutive years, effective October 01, 2026. This recommendation will be presented for shareholder approval at the upcoming AGM.
The company also declared a 1st Interim Dividend for the Financial Year 2026-27 at the rate of 30% (Rs. 0.30 per share of Re. 1 each). The record date for this interim dividend has been set as Friday, September 11, 2026. Additionally, Friday, September 25, 2026, has been fixed as the record date for determining eligible shareholders for the Final Dividend for the Financial Year 2025-26, subject to shareholder approval at the AGM.
The Board meeting commenced at 10:00 AM and concluded at 10:55 AM.
A plain-language summary of a public exchange filing by Sri Lotus Developers and Realty Limited. Read the original for the full detail.