Kolte-Patil Developers Limited , a prominent real estate company, has received shareholder approval for key board appointments through a postal ballot process concluded on December 28, 2025, following earlier board decisions made in November.

Shareholder Approval for Director Appointments

The company's shareholders have formally approved two significant board appointments through postal ballot:

Ms. Avani Davda's Appointment Details

Ms. Avani Vishal Davda has been appointed as an Independent Director for a five-year term from November 11, 2025, to November 10, 2030. The 46-year-old business leader brings over two decades of experience across real estate, consumer, retail, and hospitality sectors.

Ms. Davda will chair the Audit Committee and Nomination and Remuneration Committee, while also joining the Corporate Social Responsibility Committee, replacing Mrs. Sudha Pravin Navandar who resigned due to other commitments.

Mr. Dalip Sehgal's Profile

Mr. Dalip Charanjit Sehgal, aged 67, has been appointed as a Non-Executive and Non-Independent Director, not liable to retire by rotation. He holds a Bachelor's in Arts and MBA from the University of Delhi.

Strategic Context and Leadership Changes

These appointments follow earlier leadership restructuring, including the departure of Group CEO Mr. Atul Bohra and the strategic partnership with Blackstone, which acquired a 40% stake in the company.

Mr. Rajesh Patil, Managing Director, emphasized: "The Board and leadership changes underscore our ambitions for the future as well as our unwavering commitment to building a strong management team. With the transformative backing of Blackstone and healthy financials, Kolte-Patil Developers is poised for its next stage of growth."

Mr. Asheesh Mohta from Blackstone added: "Our collaboration represents a long-term commitment to India's real estate sector. The enhancements to the Board and leadership structure will empower the company to seize emerging opportunities and accelerate its growth trajectory."

These strategic moves strengthen KPDL's governance structure and position the company for future expansion in the real estate market.

Kolte Patil Developers Limited has announced the temporary closure of its trading window ahead of the declaration of unaudited financial results for the third quarter of fiscal year 2026. The real estate developer communicated this regulatory compliance measure to both the National Stock Exchange of India Limited and BSE Limited on December 23, 2025.

Trading Window Closure Details

The company has implemented a trading window closure in strict adherence to regulatory requirements. The following table outlines the key parameters of this announcement:

Regulatory Compliance Framework

The trading window closure aligns with multiple regulatory frameworks governing listed companies in India. Kolte-Patil Developers will declare its unaudited financial results in accordance with Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's internal Code to Regulate, Monitor and Report trading by Insiders mandates this precautionary measure to prevent any potential insider trading activities during the sensitive period preceding results announcement.

Securities Coverage

The trading window closure encompasses both equity and debt securities issued by the company. The equity shares trade under the symbol KOLTEPATIL on NSE and carry the BSE scrip code 532924. Additionally, the company has five debt securities listed on BSE with various security codes including KPDLZC33, KPDL221223, 0KPDL34, KPDL161025, and 0KPDL35.

Corporate Communication

Vinod Patil, Company Secretary and Compliance Officer, digitally signed and communicated this announcement to the stock exchanges. The notification serves as an official record for market participants and regulatory authorities, ensuring transparency in the company's compliance procedures. This measure demonstrates the company's commitment to maintaining fair market practices and protecting investor interests during the financial results declaration process.