KOLTE-PATIL DEVELOPERS LTD.

Kolte-Patil Developers Ltd has received intimations from the Assistant Commissioner of State Tax, Mumbai, regarding GST liabilities amounting to ₹64,41,50,436, including interest and penalties. The intimations pertain to GST on TDR purchases, construction services for redevelopment projects, and development rights procured. The company has also been levied a penalty of ₹6,95,34,328. Kolte-Patil Developers believes the demand is not maintainable and is evaluating legal options, stating no significant financial or operational impact is envisaged.

Kolte-Patil Developers Ltd announced that it will not host a conference call after the Q4&FY26 results announcement. The company is undergoing internal restructuring, integration, and leadership transition to strengthen governance, enhance operational efficiency, and align with long-term strategic priorities. Stakeholders can access the Q4&FY26 investor presentation and results release via provided links.

Kolte-Patil Developers Ltd. announced its Q4 & FY26 financial results, highlighting a strategic partnership with Blackstone. FY26 sales reached ₹2,605 Cr, with record collections of ₹2,689 Cr, up 11% YoY. Realization hit a record ₹9,601 per sq. ft. in Q4 FY26, up 21% YoY. The company acquired projects with a GDV of approximately ₹2,250 Cr. The reported profitability remained muted owing to lower revenue recognition.

The Board of Directors of Kolte-Patil Developers Ltd approved a scheme of amalgamation involving Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited, both wholly-owned subsidiaries, with Kolte-Patil Developers Limited. The scheme is subject to statutory and regulatory approvals, member approval, and creditor consent. Kolte-Patil Developers Limited's turnover for the quarter and year ended March 31, 2026, was ₹23,634 Lakhs and ₹65,834 Lakhs, respectively. The turnover for both Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited was ₹Nil for the same period.

Kolte-Patil Developers Ltd. announced the re-appointment of Mr. Girish Vanvari as an Independent Director for a second term of 5 years, effective from July 29, 2026, subject to shareholder approval. The company also updated its list of Senior Management Personnel, effective May 22, 2026, including Mr. Anil Dwivedi as Chief Development Officer, Mr. Vishal Mariya as Chief Human Resources Officer, Mr. Pranav Mehta as Chief Business Officer – Pune, and Mr. Mahendra Kumar Chauhan as Business Head - Mumbai.

Kolte-Patil Developers Ltd submitted a statement under Regulation 32 of SEBI LODR, detailing the utilization of funds raised through a preferential issue of equity shares. The issue, which occurred on June 23, 2025, raised ₹41,703 Lakhs. The report, filed for the quarter ended March 31, 2026, indicates no deviation in the use of funds. CARE Ratings Limited is the monitoring agency.

Kolte-Patil Developers Ltd's Board approved the audited financial results for the quarter and year ended March 31, 2026. Revenue from operations for the year ended March 31, 2026, stood at ₹65,834 lakhs. The meeting, held on May 22, 2026, also included a review of audit reports by M/s. S R B C & CO LLP, Statutory Auditors of the Company.

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.

Kolte-Patil Developers Ltd has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also consider a proposal for raising funds through the issuance of various securities, including equity shares, debentures, and other debt instruments, subject to regulatory and shareholder approvals.

Kolte-Patil Developers Ltd. reports that the proceeds from its preferential issue, amounting to ₹417.03 crores, have been utilized as per the disclosures in the offer document for the quarter ended March 31, 2026. CARE Ratings Limited, the monitoring agency, confirms no deviations from the stated objectives. The report, submitted in compliance with SEBI regulations, provides an objective view based on information provided by the issuer and believed to be accurate.