Sri Lotus Developers Incorporates Wholly Owned Subsidiary, Rise Root
Filing Summary
Sri Lotus Developers and Realty Limited has announced the incorporation of a wholly owned subsidiary, Rise Root Projects Private Limited, effective November 07, 2025. The new entity, with an authorized and paid-up capital of INR 10,00,000, will focus on real estate development and redevelopment projects. The incorporation does not involve related party transactions, and the initial capital is subscribed entirely through cash consideration. Rise Root Projects Private Limited is yet to commence operations, and no governmental approvals were required for its establishment.
Sri Lotus Developers and Realty Limited has informed the incorporation of a wholly owned subsidiary named Rise Root Projects Private Limited on November 07, 2025. This development is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new subsidiary has been established in India and is yet to begin its business operations.
The financial structure of Rise Root Projects Private Limited includes an authorized capital of INR 10,00,000 and a paid-up capital of the same amount. The entire capital is subscribed through cash consideration, comprising 1,00,000 equity shares with a face value of INR 10 each. The incorporation does not fall under related party transactions, as it is a new company, and the promoter group has no interest in this transaction beyond the initial subscription.
The operational focus of Rise Root Projects Private Limited will be on the real estate sector, specifically targeting the development and redevelopment of residential and commercial projects. As a newly incorporated entity, it has not yet commenced any business activities, and therefore, there is no turnover to report at this stage. The company aims to expand the business operations of Sri Lotus Developers within the real estate industry.
No governmental or regulatory approvals were necessary for the incorporation of Rise Root Projects Private Limited. The process involved a straightforward subscription to the equity share capital by way of cash consideration. The incorporation was completed on November 07, 2025, and there are no additional timelines or milestones specified for the commencement of operations.
Sri Lotus Developers and Realty Limited, formerly known as AKP Holdings Limited, is engaged in real estate development. The company focuses on expanding its footprint in the real estate sector through strategic incorporations and developments. The establishment of Rise Root Projects Private Limited aligns with its business priorities in the residential and commercial real estate market.