Kalpataru Ltd

Kalpataru Limited reported a steady performance for Q2 and H1 FY27. In Q2 FY27, pre-sales stood at ₹1,258 crore and collections at ₹1,189 crore. For H1 FY27, pre-sales were ₹2,587 crore and collections reached ₹2,554 crore, marking a 9% year-on-year growth in collections. The company completed over 2,200 units totaling approximately 2.37 msf in H1 FY27. A new premium residential project, Kalpataru Elaara in Goregaon West, Mumbai, was launched during the quarter. The company also highlighted its early adoption of the Maharashtra Government’s Model Sub-Registration Office (SRO) framework to enhance the homebuying experience. Revenues from operations for Q2 FY27 were ₹437 crore with a PAT of ₹(71) crore, and for H1 FY27, revenues were ₹909 crore with a PAT of ₹(100) crore.

Kalpataru Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, confirms that the utilization of IPO proceeds amounting to ₹1,590 crore is in line with the objects stated in the offer document. There were no deviations from the stated objects. The company reported nil deviation and noted co-mingling of funds to the tune of ₹11,549.36 to facilitate the final utilization and closure of the Monitoring Account. The report also details the utilization of funds for repayment of borrowings and general corporate purposes, with a revised cost for general corporate purposes approved by the board.

Kalpataru Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results during a meeting held on October 29, 2026. The company also provided the draft limited review report from its statutory auditors, KKC & Associates LLP. The financial statements were prepared in accordance with Indian Accounting Standard (Ind AS) 34.

Kalpataru Ltd has informed BSE about a Board of Directors meeting scheduled for October 29, 2026. The primary agenda is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The trading window for securities will remain closed until 48 hours after the declaration of these results. This announcement is made in compliance with SEBI Listing Regulations.

Kalpataru Properties Limited, a wholly-owned subsidiary of Kalpataru Ltd, has received a Show Cause-Cum Demand Notice from the GST Authority for FY 2025-26. The notice calls upon KPL to explain why GST amounting to ₹73,85,00,312 (Rupees Seventy-Three Crores Eighty-Five Lakhs Three Hundred and Twelve only) along with applicable interest and penalty should not be demanded and recovered. KPL has been advised that the notice is not sustainable and will be replied to accordingly. The company stated that this notice does not have any material financial impact on its operations.

Kalpataru Ltd has released its operational updates for the quarter and half-year ended September 30, 2026. For H1 FY 2026-27, pre-sales stood at ₹2,587 Cr, a marginal increase from ₹2,577 Cr in the previous year. Collections for H1 FY 2026-27 reached ₹2,554 Cr, showing a 9% year-on-year growth from ₹2,348 Cr. In Q2 FY 2026-27, pre-sales were ₹1,258 Cr, a 5% decrease from ₹1,329 Cr in Q2 FY 2025-26. Collections for Q2 FY 2026-27 were ₹1,189 Cr, a slight increase from ₹1,182 Cr in the same period last year. The company also launched a new premium residential project, Kalpataru Elaara, in Goregaon West, Mumbai, during Q2 FY 2026-27. These figures are provisional and subject to limited review.

Kalpataru Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI regulations and the company's insider trading code. The window will be shut from October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. The company will announce the board meeting date for approving these results in due course. Designated individuals are advised not to trade in the company's securities during this period.

Ananta Landmarks Private Limited (ALPL), a wholly owned subsidiary of Kalpataru Ltd, has received a show cause notice from the GST Department demanding ₹14,00,892 in GST, interest, and penalty. The notice pertains to payments made to the municipal corporation on a reverse charge basis and disallowance of input tax credit for FY 2022-23. ALPL has been advised that the notice lacks merit and intends to contest it. The company stated that this notice will not have a material financial impact on its operations.

Kalpataru Ltd's wholly-owned subsidiary, Abacus Real Estate Private Limited, is facing an appeal by the GST Authority before the GST Appellate Tribunal. This appeal is against an earlier order by the Principal Commissioner (Appeals-I), Hyderabad GST Commissionerate, which had allowed Abacus's appeal concerning a transitional credit demand of ₹1,35,66,011, plus applicable interest and penalty for the period July 2017 to March 2018. Abacus had initially appealed an order from the Adjudicating Authority that had levied this demand. While Abacus will defend the case, the company states that this appeal has no material financial impact on its operations. Information regarding the GST Authority's appeal was received by Kalpataru Ltd on September 16, 2026.

Kalpataru Ltd announced that its members, at the 38th Annual General Meeting held on August 03, 2026, have approved the appointment of Messrs. Rathi & Associates, Company Secretaries, as the Secretarial Auditors. This appointment fills a casual vacancy and is for a term of five consecutive financial years, commencing from FY 2026-27 up to FY 2030-31. The initial approval for this appointment was given by the Board on the recommendation of the Audit Committee.