Kolte-Patil Developers Ltd: No Deviation in Fund Utilization

Kolte-Patil Developers Ltd has submitted a statement under Regulation 32 of SEBI LODR Regulations, 2015, detailing the utilization of proceeds from its preferential issue of Equity Shares amounting to Rs. 41,703 Lakhs, raised on June 23, 2025. The report for the quarter ended June 30, 2026, indicates no deviation or variation in the use of funds. The company has extended the timeline for utilization of these proceeds by 12 months, until December 22, 2027, with shareholder approval obtained via a special resolution at the 35th AGM held on July 27, 2026. CARE Ratings Limited is the monitoring agency.