Sri Lotus Developers & Realty Limited Expands Real Estate Footprint with New Subsidiary
Sri Lotus Developers & Realty Limited has announced the incorporation of a wholly owned subsidiary company to expand its real estate operations. The company informed stock exchanges BSE and NSE on March 12, 2026, about the establishment of Sri Lotus Elegancia Realty Private Limited under regulatory compliance requirements.
The newly incorporated subsidiary has been established with specific capital structure and business objectives aimed at strengthening the parent company's market presence. The details of the subsidiary are as follows:
Company Name: Sri Lotus Elegancia Realty Private Limited Incorporation Date: March 12, 2026 CIN: U68200MH2026PTC469320 Authorized Capital: Rs. 10.00 lakh Paid-up Capital: Rs. 10.00 lakh Share Structure: 1.00 lakh equity shares of Rs. 10.00 each Shareholding: 100% by parent company
The wholly owned subsidiary will operate in the real estate sector, focusing on the development and redevelopment of both residential and commercial projects. This strategic move aligns with the parent company's core business operations and represents an expansion of its real estate portfolio. The subsidiary is positioned to commence business operations in the real estate development segment, though it has not yet begun operational activities.
The acquisition involves 100% subscription to the equity share capital through cash consideration of Rs. 10.00 lakh. The company has clarified that this initial subscription amount does not fall within the purview of Related Party Transactions, as it involves the incorporation of a new entity rather than the acquisition of an existing company.
Regulatory Aspect: Consideration Type: Cash consideration Acquisition Cost: Rs. 10.00 lakh Governmental Approvals: Not applicable Related Party Transaction: No Promoter Interest: None beyond mentioned transaction
The incorporation was disclosed pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This follows the company's earlier communication dated February 09, 2026, maintaining transparency with stakeholders and regulatory authorities. The disclosure ensures compliance with stock exchange listing requirements and provides investors with timely information about corporate developments.
The subsidiary incorporation represents a strategic step in Sri Lotus Developers & Realty Limited's business expansion plans within the real estate sector, providing a dedicated vehicle for pursuing development and redevelopment opportunities in residential and commercial segments.
