Sri Lotus Developers and Realty Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2025.
LOTUSDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Sri Lotus Developers and Realty (formerly AKP Holdings) met on August 26, 2025 and approved three items. First, unaudited Q1 FY26 financial results (quarter ended June 30, 2025): consolidated revenue from operations fell to ₹613.18 million from ₹1,206.90 million in Q1 FY25, while net profit after tax dropped to ₹257.88 million from ₹401.60 million YoY. Basic and diluted EPS stood at ₹0.59 versus ₹1.00 in the same quarter last year. Standalone revenue was ₹366.50 million with net profit of ₹227.20 million. Second, the Board appointed M/s Vishal N Manseta, Practicing Company Secretaries, as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval. Third, it ratified the Sri Lotus Developers Employee Stock Option Plan 2024, also subject to shareholder approval. This is the company's first quarterly results disclosure since its listing on NSE and BSE on August 6, 2025 following a ₹7,920 million IPO.
Q1 FY26 shows a sharp year-on-year decline in both revenue and profits, which may weigh on short-term sentiment. However, this is only the first quarter as a publicly listed company, and the fresh IPO funds should support future growth. The new auditor appointment and ESOP ratification are routine corporate actions pending shareholder approval at the upcoming AGM.