Sri Lotus Developers Board Approves 12th AGM, Interim Dividend, and Director Appointment
Sri Lotus Developers will hold its 12th AGM on September 29, 2026. The Board recommended appointing Paarth Deepak Chheda as Executive Director and declared a 30% interim dividend (₹0.30/share) with a record date of September 11, 2026. The record date for the final dividend for FY25-26 is September 25, 2026.
The declaration of an interim dividend and the appointment of a new director are significant events that can influence investor confidence and company strategy.
The announcement includes the recommendation of an interim dividend and the appointment of a new executive director, both positive developments for the company.
Sri Lotus Developers and Realty Limited announced key decisions made during its Board of Directors meeting held on September 01, 2026. The company has scheduled its 12th Annual General Meeting (AGM) for the Financial Year 2025-2026 for Tuesday, September 29, 2026, at 11:30 AM, to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
In a significant move, the Board recommended the appointment of Mr. Paarth Deepak Chheda as an Executive Director for a period of five consecutive years, effective October 01, 2026. This recommendation is subject to shareholder approval at the upcoming AGM. The company also appointed CS Sandhya R. Malhotra as the Scrutinizer for the AGM's voting process.
Furthermore, the Board has recommended a First Interim Dividend for the Financial Year 2026-27 at a rate of 30%, amounting to ₹0.30 per share. The record date for this interim dividend has been fixed as Friday, September 11, 2026. Additionally, Friday, September 25, 2026, has been set as the record date for the Final Dividend for the Financial Year 2025-26, pending 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.