Kolte Patil Developers Limited, a prominent real estate company, has announced revised disclosures for share acquisitions within its promoter group. The revisions, submitted on November 6, 2025, pertain to inter-family transfers by way of gift between immediate relatives, originally scheduled for November 14, 2025.

Key Details of the Share Transfers

Revised Disclosure Background

The company initially submitted disclosures on October 28, 2025, under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. However, due to technical reasons, the acquisitions were not completed on November 4, 2025, as originally planned. This prompted the submission of revised filings on November 6, 2025.

Regulatory Compliance

The share transfers are exempt from open offer requirements under SEBI regulations as they involve immediate relatives within the promoter group. Both acquirers have declared compliance with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.

Post-Transaction Shareholding

Following the proposed transactions:

• Harshavardhan Naresh Patil's shareholding is expected to increase to 2,902,145 shares (3.27% stake).
• Priyanjali Naresh Patil's shareholding is also set to rise to 2,902,145 shares (3.27% stake).
• Vandana Naresh Patil's shareholding is anticipated to decrease to 2,902,146 shares (3.28% stake), considering all inter-se transfers of shares.

These revised disclosures underscore the importance of transparency in promoter group transactions and adherence to regulatory requirements in the Indian stock market. Investors and market participants should note that these are inter-family transfers and do not represent open market transactions.

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.