Sri Lotus Developers and Realty Limited has incorporated a wholly owned subsidiary, Sri Lotus Elegancia Realty Private Limited, in India. The company informed stock exchanges about the development in a filing dated March 12, 2026.
The subsidiary has been formed as a separate entity within the group structure. According to the filing, it will operate in the real estate sector and focus on development and redevelopment of residential and commercial projects.
Sri Lotus Elegancia Realty Private Limited was incorporated on March 12, 2026, and has been assigned the Corporate Identification Number U68200MH2026PTC469320. The company has been registered in India and has not started business operations yet.
As the entity has recently been incorporated, it currently has no turnover or operational history. The filing states that the subsidiary will undertake activities related to real estate development once operations begin.
The newly incorporated subsidiary has an authorised capital of ₹10 lakh and a paid-up capital of ₹10 lakh. The investment has been made entirely by Sri Lotus Developers and Realty Limited.
The parent company has subscribed to 1,00,000 equity shares with a face value of ₹10 each, amounting to ₹10 lakh. The investment has been made through cash consideration, resulting in 100% ownership of the subsidiary.
The filing states that the incorporation does not fall under the category of related party transactions. Apart from the initial equity subscription by the parent company, the promoter or promoter group does not have any separate interest in the transaction.
No specific government or regulatory approvals were required for the incorporation of the subsidiary. The transaction represents the creation of a new entity rather than the acquisition of an existing company.
As of March 13, 2026, 1:12 pm, Sri Lotus Developers and Realty share price was trading at ₹118.14, a 4.82% decrease from the previous closing price.
Sri Lotus Elegancia Realty Private Limited has been added as a wholly owned subsidiary of Sri Lotus Developers and Realty Limited. The company has been incorporated with an initial capital of ₹10 lakh and is yet to commence its business operations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 13, 2026, 2:39 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN