StockWatch
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Residential- Commercial Projects
Board Meeting22 May 2026, 06:11 pm

Kolte-Patil Approves FY26 Audited Results, Vanvari Re-appointment

AI Summary

Kolte-Patil Developers Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. They also approved the re-appointment of Mr. Girish Vanvari as an Independent Director for a second term, subject to shareholder approval. Additionally, the board approved the list of Senior Management Personnel and a scheme of amalgamation involving Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited with Kolte-Patil Developers Limited, subject to regulatory approvals. The board also approved the extension of the preferential allotment utilization period.

Key Highlights

  • Audited financial results for FY26 approved with revenue from operations at ₹65,834.
  • Girish Vanvari re-appointed as Independent Director for a second 5-year term.
  • Amalgamation scheme approved for Kolte-Patil Lifespaces and Smart Spaces with Kolte-Patil Developers.
  • Preferential allotment utilization period extended by 12 months, subject to shareholder approval.
  • Senior Management Personnel list approved, effective May 22, 2026.