Kolte-Patil Developers: Utilization of Preferential Issue Proceeds

Kolte-Patil Developers Ltd has submitted a statement regarding the utilization of funds raised through a preferential issue of equity shares. The company raised Rs. 41,703 Lakhs (₹417.03 Crore) on June 23, 2025. The report covers the quarter ended September 30, 2026. CARE Ratings Limited is the monitoring agency. There has been no deviation or variation in the use of funds. The timeline for utilization of proceeds has been extended by 12 months to December 22, 2027, with shareholder approval obtained via a special resolution at the 35th AGM held on July 27, 2026.