Sri Lotus Developers and Realty Limited Incorporates Wholly Owned Subsidiary
Sri Lotus Developers and Realty Limited announced the incorporation of a wholly owned subsidiary company, Sri Lotus Grand Abodes Private Limited, on March 18, 2026. The new entity, based in India, has a Corporate Identification Number of U68200MH2026PTC469563.Sri Lotus Grand Abodes Private Limited was incorporated with an authorized capital of Rs. 10,00,000 and a paid-up capital of Rs. 10,00,000. The Wholly Owned Subsidiary will operate in the real estate and development/redevelopment of residential and/or commercial projects sector.
The incorporation involved a cash consideration of Rs. 10,00,000, representing a 100% subscription to the equity share capital comprised of 1,00,000 equity shares with a face value of Rs. 10 each. The company stated that the initial subscription amount will not fall within the purview of Related Party Transactions.
According to the company, the Wholly-Owned Subsidiary will expand the company's business in the Real estate sector. No governmental or regulatory approvals were required for the acquisition.
| Particulars | Details |
|---|---|
| Name of the Company | Sri Lotus Grand Abodes Private Limited |
| Authorized Capital | Rs. 10,00,000 |
| Paid up Capital | Rs. 10,00,000 |
| Industry | Real estate and development/ re development of residential and/or commercial projects |
| Consideration | Rs. 10,00,000 (1,00,000 equity shares of Rs. 10 each) |
| Shareholding Acquired | 100% |
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