Kolte-Patil Developers: Monitoring Agency Report on Preferential Issue Proceeds

Kolte-Patil Developers Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its preferential issue of equity shares amounting to ₹417.03 crore. The report, issued by CARE Ratings Limited, confirms that there were no deviations from the stated objects of the issue during the quarter. Funds were utilized for general corporate purposes, including tax payments, salaries, and professional consultancy fees, with proceeds transferred from the MA account to various current accounts before final utilization. The report indicates that all utilization was in accordance with the disclosures in the offer document.