Sri Lotus Developers and Realty Ltd Makes Initial Subscription Investment in Wholly Owned Subsidiaries
Sri Lotus Developers and Realty Limited announced on April 07, 2026, that it has completed an investment in its Wholly Owned Subsidiaries through the initial subscription to share capital, effective March 04, 2026. This development marks the expansion of the company's business within the Real estate sector.The details of the investment across the five subsidiary entities are detailed below.
| Subsidiary Name | Authorized Capital | Paid up Capital |
|---|---|---|
| Sri Lotus Elegancia Realty Private Limited | Rs. 10,00,000/- (Rupees Ten Lakhs only) | Rs. 10,00,000/- |
| Sri Lotus Legacy Realty Private Limited | Rs. 10,00,000/- (Rupees Ten Lakhs only) | Rs. 10,00,000/- |
| Sri Lotus Marquee Projects Private Limited | Rs. 10,00,000/- (Rupees Ten Lakhs only) | Rs. 10,00,000/- |
| Sri Lotus Imperial Projects Private Limited | Rs. 10,00,000/- (Rupees Ten Lakhs only) | Rs. 10,00,000/- |
| Sri Lotus Grand Abodes Private Limited | Rs. 10,00,000/- (Rupees Ten Lakhs only) | Rs. 10,00,000/- |
The company reported that the acquisition cost for each entity was Rs. 10,00,000 (Rupees Ten Lakhs Only), consisting of 1,00,000 (One Lakh) equity shares, each with a Face Value of Rs. 10/-. In each case, Sri Lotus Developers and Realty Limited acquired a 100% shareholding.
Subsidiary Details and Business Focus
All five Wholly Owned Subsidiaries operate within the Real estate and development/redevelopment sector. The company noted that the subsidiaries are newly incorporated entities and have not yet commenced their business operations.The background details for the subsidiaries are summarized in the table below:
| Particulars | Sri Lotus Elegancia Realty Private Limited | Sri Lotus Legacy Realty Private Limited | Sri Lotus Marquee Projects Private Limited | Sri Lotus Imperial Projects Private Limited | Sri Lotus Grand Abodes Private Limited |
|---|---|---|---|---|---|
| Date of Incorporation | March 12, 2026 | March 12, 2026 | March 13, 2026 | March 14, 2026 | March 18, 2026 |
| Product/Line of Business | Real estate and development/ re development of residential and/or commercial projects. | Real estate and development/ re development of residential and/or commercial projects. | Real estate and development/ re development of residential and/or commercial projects. | Real estate and development/ re development of residential and/or commercial projects. | Real estate and development/ re development of residential and/or commercial projects. |
| History/Turnover | Not Applicable. The Wholly Owned Subsidiary is incorporated in India and are yet to commence its business operations. | Not Applicable. The Wholly Owned Subsidiary is incorporated in India and are yet to commence its business operations. | Not Applicable. The Wholly Owned Subsidiary is incorporated in India and are yet to commence its business operations. | Not Applicable. The Wholly Owned Subsidiary is incorporated in India and are yet to commence its business operations. | Not Applicable. The Wholly Owned Subsidiary is incorporated in India and are yet to commence its business operations. |
The investment is structured as a 100% subscription to the share capital for cash consideration across all subsidiaries. Furthermore, the company confirmed that the Wholly Owned Subsidiary is incorporated as a new company, and save for the transactions detailed, the promoter or promoter group do not have any interest in the said transaction.
Sri Lotus Developers and Realty Limited is a company formerly known as 'AKP Holdings Limited'.
LOTUSDEV Stock Price Movement
Sri Lotus Developers and Realty Limited shares edged higher today, settling at ₹126.24 after gaining 4.81%. The stock concluded trading on a solid volume of 2.06 million shares.Source:
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