Outcome of Board Meeting held today i.e. May 12, 2026
LOTUSDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited standalone and consolidated financial results for Q4 and the financial year ended March 31, 2026. Consolidated revenue stood at Rs. 18,627.07 million with profit after tax (attributable to owners) of Rs. 2,370.85 million for FY2026. Standalone revenue was Rs. 16,778.04 million with PAT of Rs. 488.72 million, compared to Rs. 435.91 million in the prior year — representing ~12.1% YoY standalone profit growth. The Board recommended a final dividend of Rs. 0.50 per share (50% on Rs. 1 face value) for FY 2025-26, subject to shareholder approval at the AGM. Notably, the Promoter and Promoter Group (holding 81.87% of shares) voluntarily waived their right to receive the dividend, meaning the payout will effectively only go to minority shareholders. The auditors, T.P. Ostwal & Associates LLP, issued an unmodified (clean) opinion on both standalone and consolidated results.
The clean audit opinion removes a key regulatory concern. The promoter dividend waiver is shareholder-friendly — it preserves cash for the company's expansion plans while still delivering a small dividend to minority investors. The strong consolidated profit and revenue growth signal healthy underlying performance in the real estate business.