Kalpataru reported a 6% year-on-year increase in pre-sales to ₹1,329 crore for Q1 FY 2026-27, while collections grew 17% to ₹1,365 crore, indicating robust cash realization. The company also expanded its portfolio with the launch of two new projects, including a luxury residential development in Andheri West and a new tower in Thane, strengthening its presence in key Mumbai corridors.

Q1 Financial Performance Highlights

The company's operational metrics for Q1 FY 2026-27 show steady growth compared to the prior year. Pre-sales increased from ₹1,249 crore to ₹1,329 crore, while collections rose from ₹1,165 crore to ₹1,365 crore. The figures are provisional and subject to limited review.

New Project Launches

Kalpataru launched Kalpataru Vian, Hrushikesh, Lokhandwala, a luxury residential project in Andheri West. The project features bespoke 3, 4, and 4.5-bedroom residences with grand decks offering views of Mumbai's mangroves across a private 4-acre enclave. It includes 30+ lifestyle amenities and offers connectivity to metro lines, upcoming coastal road projects, and retail destinations.

Additionally, the company launched Tower C of Estella at Kalpataru Parkcity in Thane.

Kalpataru Retail Ventures, a wholly owned subsidiary of Kalpataru Limited , is facing a demand of Rs.63.49 crore following a final assessment order issued by Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The order, dated July 07, 2026, was issued under Section 126 of the Electricity Act, 2003, alleging violations related to the passing of electricity to retailers within mall premises. This development poses a significant financial liability to the subsidiary, which is currently evaluating the order and available legal remedies.

The dispute stems from a provisional assessment order previously challenged by Kalpataru Retail Ventures (KRVL) through a Writ Petition filed before the Hon'ble High Court of Judicature at Bombay. While the petition was pending, MSEDCL proceeded to issue the final assessment order. In response, the High Court passed an order on July 9, 2026, in Writ Petition No. 8455 of 2026, directing KRVL to deposit 50% of the assessed amount with the Court Registry within three weeks from the date of the order.

KRVL has stated that it believes the demand is without legal basis and is liable to be set aside or quashed. The subsidiary is pursuing appropriate legal proceedings before competent forums based on advice received. The immediate financial impact involves the deposit of approximately Rs.31.75 crore, representing 50% of the total demand, as directed by the court.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kalpataru Limited informed the National Stock Exchange of India Limited and BSE Limited that it received information regarding the High Court order at 8:15 p.m. on July 10, 2026. Gajendra Mewara, Company Secretary & Compliance Officer, signed the disclosure on behalf of the company.

Key Details of the Assessment and Court Order