Kolte Patil Developers Limited, a prominent real estate company, has announced significant changes to its board of directors, effective November 25, 2025. The company has appointed a new Additional Non-Executive Director while simultaneously accepting the resignation of an existing board member.

Key Board Changes

New Appointment Details

Mr. Dalip Charanjit Sehgal brings a wealth of experience to Kolte-Patil Developers Limited:

• Experience: Over four decades in retail and mall management
• Education:
  • Bachelor's degree in Arts
  • Master's degree in Business Administration from the University of Delhi
• Previous Roles:
  • Chief Executive Officer at Westerly Retail Private Limited
  • Executive Director at Hindustan Lever Limited
  • Managing Director and CEO at Godrej Consumer Products Limited and Godrej Hershey Foods Beverages Limited
  • Managing Director at Graviss Holdings Private Limited
• Current Position: Executive Director and CEO of Nexus Select Mall Management Private Limited (NSMMPL), Manager to Nexus Select Trust

Mr. Sehgal's appointment is subject to shareholder approval, and he will not be liable to retire by rotation.

Outgoing Director

Mr. Tuhin Parikh has resigned from his position as Non-Executive and Non-Independent Director, citing pre-occupation as the reason for his departure.

Implications for Kolte-Patil Developers

The addition of Mr. Sehgal to the board brings extensive retail and management expertise to Kolte-Patil Developers. His experience in managing portfolio assets for over seven years with Westerly Retail Private Limited and NSMMPL could potentially benefit the company's strategic decisions in the real estate sector.

These board changes reflect Kolte-Patil Developers' commitment to maintaining a diverse and experienced leadership team. As the real estate market continues to evolve, the company appears to be positioning itself with leadership that has a strong background in retail and asset management.

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:

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:

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.