LOTUSDEV

- The company issued a revised intimation on August 17, 2026, clarifying that the term "writ petition" in its August 14, 2026, filing should be read as "Appeal". - The company has filed an Appeal before the Deputy Commissioner of State Tax (Appeals - IV), Mumbai, challenging an order received from the Office of the Assistant Commissioner of State Tax, Investigation – B, Mumbai.

- Lotus Developers received an Order (DRC-07) on June 18, 2026, for approx. ₹10.00 Cr GST liability (Tax, Interest, Penalty) for FY20-24. - Company paid tax component under protest. - On August 14, 2026, company filed a Writ Petition challenging the order, asserting no material financial impact.

- Sri Lotus Developers & Realty Limited has been appointed as the developer for residential redevelopment at Shivaji Park Beach Front, Dadar. - The project has an estimated Gross Development Value (GDV) of INR 550 Crs. - Project commencement is expected by the end of FY28 or Q1 FY29, with completion targeted within approximately 3 to 3.5 years from commencement.

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