Sri Lotus Developers and Realty Limited (LOTUSDEV) — Corporate Action

📢 Key Event
Board recommends 50% final dividend (Rs 0.50 per share) for FY 2025-26, subject to shareholder approval.

🔄 What Changed
Promoter shareholders waived dividend entitlement to retain funds for expansion, maintaining 81.87% holding.

🔮 What's Next
Dividend payment to occur within 30 days of AGM to shareholders on record date.

💡 Investor Takeaway
Shareholders receive Rs 0.50 per share dividend, but promoters forgo payout to fund growth, signaling reinvestment focus.

Sri Lotus Developers and Realty Limited announced on May 12, 2026, its audited financial results for the quarter and year ended March 31, 2026, alongside a recommendation for a 50% final dividend (Rs 0.50 per share) on a Rs 1 face value, subject to shareholder approval at the upcoming AGM. Promoter shareholders voluntarily waived their dividend entitlement to retain funds for expansion, holding an 81.87% stake. The unmodified audit by T. P. Ostwal & Associates LLP confirms financial accuracy, with profit after tax rising to Rs 120.35 crores for the full year. The dividend payment will be made within 30 days of the AGM to eligible shareholders, reflecting a yield of approximately 50% on face value.

📄 View Original Announcement (PDF)

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