Sri Lotus Developers Share Price Up 5%; Promoter Sells 2% Stake Through Open Market

Sri Lotus Developers and Realty Limited promoter Anand Kamalnayan Pandit has sold 97,70,000 equity shares in the open market on September 10, 2026, as per an exchange filing.  

The shares account for 2% of the company’s total issued and paid-up equity share capital. The company noted that the sale was made to meet the minimum public shareholding requirement applicable to it.  

The latest disclosure comes after the company’s earlier intimation dated September 8, 2026.  

Promoter Holding Drops to 79.87% 

The sale has brought down the combined holding of the promoters and promoter group to 79.87% from 81.87%. The change amounts to a 2 percentage point reduction in their holding.  

The company has not disclosed the price at which the shares were sold or the total value of the transaction in the filing. No details have been provided on the buyer or buyers involved in the open market sale. 

Sale Linked to Public Shareholding Requirement 

The stake sale was made by Pandit, who is one of the company’s promoters. The filing states that the transaction was undertaken in line with the requirement to maintain the applicable level of public shareholding in the company.  

With the promoter and promoter group holding now at 79.87%, the portion of the company held outside this group has increased by 2 percentage points based on the figures given in the filing.  

Stock Exchange Disclosure 

Sri Lotus Developers and Realty, formerly known as AKP Holdings Limited, made the disclosure on September 10, 2026.  

The filing was signed by Ankit Kumar Tater, Company Secretary, and Compliance Officer. The company submitted the information to the exchanges for their records.  

Read More: Dilip Buildcon Share Price Up Over 5%; Bags ₹1,800 Crore LoI for LPG Pipeline From Paradip to Raipur! 

Sri Lotus Developers and Realty Share Price Performance  

As of September 10, 2026, 1:35 pm, Sri Lotus Developers and Realty share price was trading at ₹207.88, a 5.00% increase from the previous closing price. 

Conclusion 

Sri Lotus Developers’ promoter has sold a 2% stake, comprising 97.70 lakh shares, through the open market. Following the sale, promoter and promoter group holding stands at 79.87%. 

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.