KOLTE-PATIL DEVELOPERS LTD.

Kolte-Patil Developers Ltd announced the re-appointment of Mr. Girish Vanvari as an Independent Director for a second term of 5 years. The shareholders approved this at the 35th Annual General Meeting held on July 27, 2026. His new term will be effective from July 29, 2026, and will conclude on July 28, 2031. Mr. Vanvari, a Fellow of the Institute of Chartered Accountants of India, brings over 27 years of consulting experience, including significant roles at KPMG and Arthur Andersen, specializing in tax, M&A, and transactions across various sectors. He holds 50,000 equity shares of the company.

Kolte-Patil Developers Ltd announced the appointment of M/s Harshad S. Deshpande, Cost Accountants, as the company's cost auditor for the financial year 2026-27. The approval was granted by shareholders at the 35th Annual General Meeting held on July 27, 2026. The auditor, with Membership No. 25054, will commence their duties effective April 1, 2026. CMA Harshad S. Deshpande brings over 21 years of experience in cost and management accounting, banking, finance, and other related fields.

Kolte-Patil Developers Ltd. reported operational performance for Q1 FY27, with sales value at ₹617 crore, remaining stable year-on-year. Collections surged by 30% YoY to ₹715 crore, driven by sustained execution and customer confidence. Average realizations improved by 29% YoY to ₹9,442 per sq. ft., attributed to strategic price revisions and a higher contribution from Mumbai projects. The company launched approximately 0.78 million sq. ft. during the quarter, with its flagship Life Republic township contributing ₹212 crore to sales. Mumbai market accounted for about 30% of the total sales value. The company also highlighted its ongoing transformation journey, ASCEND, aimed at enhancing agility and performance.

Kolte-Patil Developers Ltd has informed shareholders about the web link and QR code for its Annual Report for FY 2025-26. This communication is directed to shareholders who have not registered their email addresses. The report, along with the Notice of the 35th Annual General Meeting, is accessible online. Key AGM details include the meeting date on July 27, 2026, with e-voting periods from July 24 to July 26, 2026. Shareholders can update their details via their Depository Participant or the company's Registrar & Share Transfer Agent.

Kolte-Patil Developers Limited has submitted its Annual Report for the Financial Year 2025-26. The report highlights a strong performance with a Pre-Sales Value of ₹2,605 crore and Collections of ₹2,689 crore. The company developed and delivered over 32 million sq. ft. of area and has a current project portfolio of approximately 37 million sq. ft. A significant strategic development during the year was Blackstone's acquisition of a 40% stake in the company, underscoring confidence in Kolte-Patil's growth strategy. The report also details operational performance, management statements, and financial statements for the fiscal year.

Kolte-Patil Developers Ltd has announced its 35th Annual General Meeting (AGM) will be held on Monday, July 27, 2026, at 03:00 PM IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Key agenda items include the adoption of the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, the re-appointment of a director retiring by rotation, the re-appointment of an Independent Director for a second term, and an extension for the utilization of preferential issue proceeds by 12 months.

Kolte-Patil Developers Ltd has announced the early and full redemption of its secured, unlisted Non-Convertible Debentures (NCDs) amounting to ₹140 Crores. The redemption, which occurred on June 29, 2026, was before the scheduled maturity date. The NCDs were originally issued on April 10, 2023, to India Realty Excellence IV. The company has settled the outstanding principal and interest, thereby extinguishing its liability related to these NCDs.

Kolte-Patil Developers Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in preparation for the declaration of the Unaudited Financial Results for the quarter ended 30 June 2026. The trading window will be shut from 01 July 2026 and will reopen 48 hours after the financial results are officially declared. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent potential insider trading before the public announcement of financial performance.

Kolte-Patil Developers Ltd has received Show Cause Notices from the Assistant Commissioner of State Tax, Mumbai, concerning GST liabilities totaling ₹103,81,78,300, including interest and penalties. These notices relate to the purchase of TDR, construction services to society members, and development rights procured under redevelopment projects. The company had previously intimated similar matters on June 4, 2026. The current notices indicate an increased penalty amount of ₹46,35,62,192, with an incremental penalty of ₹39,40,27,864. The applicable period is financial years 2020-2026. The company believes the demand is not maintainable and does not foresee any significant financial or operational impact.

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.