Sri Lotus Developers Board Approves AGM, Interim Dividend, and Director Appointment
Sri Lotus Developers will hold its 12th AGM on September 29, 2026. The Board recommended Mr. Paarth Deepak Chheda as Executive Director from October 1, 2026. An interim dividend of 30% (₹0.30 per share) was recommended, with a record date of September 11, 2025. 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 material events that can influence investor perception and company strategy, thus having a medium impact.
The announcement is positive due to the recommendation of an interim dividend and the appointment of a new executive director, which are generally viewed favorably by investors.
Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) announced key decisions made during its Board of Directors meeting held on September 01, 2026.
The Board has scheduled the 12th Annual General Meeting (AGM) for the Financial Year 2025-2026 on Tuesday, September 29, 2026, at 11:30 AM, to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice for the AGM and the Annual Report for FY 2025-26 will be dispatched to shareholders shortly. CS Sandhya R. Malhotra has been appointed as the Scrutinizer for the AGM's voting process.
Additionally, the Board has recommended the appointment of Mr. Paarth Deepak Chheda (DIN: 06430713) as an Executive Director for a period of five years, effective October 01, 2026. This recommendation will be presented for shareholder approval at the upcoming AGM on September 29, 2026.
The Board also recommended a 1st Interim Dividend for the Financial Year 2026-27 at a rate of 30%, amounting to ₹0.30 per equity share of ₹1 each. The record date for this interim dividend has been fixed as Friday, September 11, 2025. Furthermore, Friday, September 25, 2026, has been set as the record date 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 IST and concluded at 10:55 AM IST.
A plain-language summary of a public exchange filing by Sri Lotus Developers and Realty Limited. Read the original for the full detail.