Sri Lotus Developers & Realty Ltd IPO

Strategic position in the Ultra Luxury Segment and Luxury Segment of the residential real estate marketof Western Suburbs of Mumbai with a customer centric focus and strong pipeline of projects.

Asset-light model for development of projects through development agreements, enabling us to maintainhigh level of cash flow generated from operating activities.

End to end capabilities and timely completion of projects.

Experienced Promoters and management team.

Its business is dependent on the performance of, and the conditions affecting, the real estate micromarkets with high geographical concentration in the Western Suburbs of Mumbai. As of June 30, 2025,all ongoing projects and most of the companys upcoming projects are in the Western Suburbs of Mumbai.Consequently, the company is exposed to risks from economic, regulatory and other changes as well as naturaldisasters in the Western Suburbs of Mumbai, which in turn may affect our ability to ensure sale of projectsand pricing of units in such projects.

Inability to complete its Ongoing Projects and Upcoming Projects by their respective expected completiondates or at all could have a material adverse effect on the company business, results of operations and financialcondition.

As of June 30, 2025, the company has 85 unsold units in the Completed Projects and 167 unsold units in itsOngoing Projects. If its not able to sell the company project inventories in a timely manner, then it may adverselyaffect its business, results of operations and financial condition.

It is difficult to compare the company performance between periods, as its revenues from operations and expensesfluctuate significantly from period to period.

The company is entirely dependent on third party contractors for the construction and development of its Projectsand its largest contractor, Shree Gajanand Associates, accounts for 21.71%, 29.89% and 28.10% of the companytotal expenses for the Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any failures on their part toperform their obligations could adversely affect its business, results of operations and financial condition.

Increases in prices or shortage of or delay or disruption in supply of, construction materials and contractlabour could adversely affect its estimated construction cost and timelines resulting in cost overruns.

The company has experienced negative cash flows in the last three fiscal years.

The Company has (i) in the past not complied and/or delayed in complying with reporting requirementsunder the provisions of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 and the companymay be subject to regulatory action by RBI; (ii) in the past not complied and/ or delayed with provisionswith reporting requirements under the provisions of Companies Act, 2013 and its Rules.

The company is required to obtain statutory and regulatory approvals, licenses or permits at various stages in thedevelopment of its projects. The company may not be able to fully develop its ongoing and upcoming projects aspresently contemplated. If the company fails to obtain, maintain or renew its statutory and regulatory approvals orpermits, its business, results of operations, financial condition, and cash flows could be adversely affected.

The company has closed its division of film production and distribution, namely Anand Pandit Motion Pictures(APMP) which had recorded operating losses for the Financial Year ended March 31, 2023. Any lossesin the future may adversely impact its business and the value of the Equity Shares.