Kolte-Patil Developers: Promoter Group Executes Inter-Se Share Transfers

Kolte Patil Developers Limited, a prominent real estate company, has reported significant inter-se share transfers within its promoter group. The transactions, which took place on November 14, 2025, involve the redistribution of shares among family members, maintaining the overall promoter group shareholding.

Key Transfer Details

The inter-se transfers were executed as gift transactions, resulting in the following changes:

Transferor	Transferee	Shares Transferred
Vandana Naresh Patil	Harshavardhan Naresh Patil	9,90,522
Vandana Naresh Patil	Priyanjali Naresh Patil	19,02,645

Impact on Shareholding

Despite the substantial number of shares changing hands, it's important to note that these transfers do not alter the total promoter group shareholding in Kolte Patil Developers. The transactions merely redistribute the ownership within the family.

Post-Transfer Shareholding

Following the transfers, the individual holdings within the promoter group have been adjusted as follows:

Shareholder	Pre-Transfer Holding	Post-Transfer Holding
Vandana Naresh Patil	57,95,313 (6.54%)	29,02,146 (3.27%)
Harshavardhan Naresh Patil	19,11,623 (2.15%)	29,02,145 (3.27%)
Priyanjali Naresh Patil	9,99,500 (1.12%)	29,02,145 (3.27%)

Regulatory Compliance

The company has duly filed the required disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These disclosures were made to both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.

Company Overview

Kolte Patil Developers Limited is listed on both the National Stock Exchange and the Bombay Stock Exchange. The company's total equity share capital remains unchanged at 88,68,00,940 shares following these transactions.

These inter-se transfers within the promoter group demonstrate the ongoing internal restructuring of shareholdings in Kolte Patil Developers, while maintaining the overall promoter stake in the company. Such transactions are common in family-owned businesses and do not typically signal any significant change in the company's operational or strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.61%	-2.52%	-5.92%	+6.93%	+16.95%	+122.47%

Kolte Patil Developers Limited, a prominent real estate developer, has reported that the proceeds from its Rs. 417.03 crore preferential equity issue remain entirely unutilized as of September 30, 2025. This information comes from the company's latest monitoring agency report, which provides insights into the allocation and usage of the funds raised.

Key Highlights

Unutilized Funds: The entire Rs. 417.03 crore raised through the preferential issue remains unused.
Temporary Deployment: The funds are currently deployed in mutual funds and bank accounts.
Monitoring Agency: CARE Ratings Limited, serving as the monitoring agency, found no deviation from the stated objectives.
Planned Utilization: The proceeds are earmarked for general corporate purposes, real estate project development, and government premium payments.
Completion Target: The company aims to utilize the funds by December 23, 2026.

Breakdown of Fund Allocation

Purpose	Amount (Rs. Crore)
General Corporate Purposes	104.00
Development of new Real Estate Projects	265.00
Payment of government premiums and FSI purchase	48.03
Total	417.03

Current Fund Deployment

The report indicates that the funds are temporarily invested as follows:

Investment Type	Amount (Rs. Crore)	Market Value (as of Sept 30, 2025)
Mutual Funds	414.42	421.27
Bank Accounts	2.61	2.61
Total	417.03	423.88

Company's Statement

Kolte Patil Developers has stated that the funds will be utilized in accordance with the objectives outlined in the offer document. The company plans to use the proceeds for general corporate purposes, development of new real estate projects (including land acquisition), and payment of government premiums and floor space index (FSI) purchases.

Monitoring Agency's Observations

CARE Ratings Limited, in its role as the monitoring agency, has reported:

No deviation from the stated objects of the issue.
No changes in the means of finance for the disclosed objects.
No major deviations observed compared to earlier monitoring reports.

The monitoring agency also noted that there are no unfavorable events affecting the viability of the stated objectives.

Investor Implications

While the non-utilization of funds might raise questions about the company's immediate growth plans, it's important to note that the company has until December 2026 to utilize these funds. Investors should monitor future reports for updates on fund utilization and project developments.

The temporary deployment of funds in low-risk instruments like mutual funds and bank deposits aligns with the company's commitment to preserving capital while awaiting deployment in planned projects.

As Kolte Patil Developers navigates the dynamic real estate market, the judicious use of these funds will be crucial in determining the company's growth trajectory and shareholder value creation in the coming years.