Kolte Patil Developers Limited, a prominent real estate company, has announced a significant increase in its authorized share capital following the amalgamation of its wholly-owned subsidiary, Kolte-Patil Integrated Townships Limited. This corporate action, approved by the National Company Law Tribunal (NCLT), Mumbai, marks a strategic move for the company's capital structure.

Key Details of the Amalgamation

• Effective Date: The scheme of amalgamation became effective from October 31, 2025, as per the NCLT order.
• Subsidiary Involved: Kolte-Patil Integrated Townships Limited, a wholly-owned subsidiary of Kolte Patil Developers Limited.

Authorized Capital Increase

The company's authorized capital has been substantially increased as a result of this amalgamation. Here's a breakdown of the new capital structure:

Regulatory Compliance

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kolte Patil Developers Limited has:

1. Submitted an updated Memorandum of Association to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
2. Confirmed that no changes were made to the Articles of Association.

Impact and Implications

This increase in authorized capital provides Kolte Patil Developers with enhanced flexibility for future capital raising initiatives. The amalgamation of its wholly-owned subsidiary could potentially lead to operational synergies and a more streamlined corporate structure.

Investors and stakeholders should note that this change in capital structure does not immediately affect the company's outstanding shares or market capitalization. However, it does create the potential for future equity or preference share issuances, subject to necessary approvals and market conditions.

As the real estate sector continues to evolve, such corporate actions may position Kolte Patil Developers to capitalize on growth opportunities and strengthen its market presence.

Note: Investors are advised to consult financial experts before making investment decisions based on this corporate action.

Kolte-Patil Developers Limited , a prominent real estate company, has successfully raised Rs 139.96 crore through the allotment of non-convertible debentures (NCDs) to Marubeni Corporation, Japan. This strategic move, approved by the company's Debenture Allotment Committee on October 16, 2025, marks a significant step in Kolte-Patil's financial strategy.

Key Details of the Debenture Allotment

Redemption Structure

The debentures are structured with a unique redemption mechanism:

• Principal repayment is scheduled at the end of the 10-year tenure.
• The company is required to make fortnightly redemption payments, which include:
  1. Pro-rata reduction of the face value of each debenture.
  2. Payment of a redemption premium.
• The full redemption, including the premium, is tied to the completion of sales for all earmarked units in the project.

Security and Collateral

The debentures are secured by multiple assets:

1. First-ranking exclusive mortgage on unsold earmarked units, including 394 car parking spaces, and associated cash flows.
2. First-ranking exclusive mortgage on development rights for a project with 145,090.46 square meters of FSI, including 1,026 car parking spaces (excluding sold units and certain inventory).
3. First-ranking exclusive charge on investor receivables and cash flows from both sold and unsold earmarked units.

Fund Utilization

The funds raised through this debenture issue will be directed towards general corporate purposes, including the construction and development of ongoing projects.

Implications for Investors

This zero-coupon debenture issuance to Marubeni Corporation represents a strategic financial move for Kolte-Patil Developers. The structure of the debentures, with their long tenure and redemption tied to project sales, suggests an alignment of the company's financial strategy with its project development timeline.

The involvement of Marubeni Corporation, a major Japanese trading and investment conglomerate, may also signal international interest in the Indian real estate sector, particularly in projects managed by established developers like Kolte-Patil.

As the real estate market continues to evolve, such structured financial instruments could become increasingly common, offering both developers and investors new ways to participate in the sector's growth.