Sri Lotus Developers Fixes AGM Date, Recommends 1st Interim Dividend & Executive Director Appointment
Sri Lotus Developers will hold its 12th AGM on September 29, 2026. The Board recommended appointing Paarth Deepak Chheda as Executive Director from October 1, 2026. A 1st interim dividend of 30% (₹0.30/share) is recommended, 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 material events that could impact investor sentiment and the company's future direction, warranting a medium impact assessment.
The announcement is positive due to the recommendation of an interim dividend and the proposed 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).
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 from October 01, 2026. This appointment is subject to shareholder approval at the upcoming AGM.
The Board has also recommended a 1st Interim Dividend for the Financial Year 2026-2027 at the rate of 30%, which translates to ₹0.30 per share of ₹1 each. The record date for this interim dividend has been fixed as Friday, September 11, 2026.
Furthermore, Friday, September 25, 2026, has been set as the record date for determining eligible shareholders for the Final Dividend for the Financial Year 2025-2026. This final dividend, if approved by shareholders at the AGM, will be paid subject to applicable tax deductions.
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.