Kolte-Patil Developers Limited announced on 30 May 2025 that its proposed preferential issue of equity shares has received member approval. The company had previously filed applications for in-principle approval with the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

• An Extra-Ordinary General Meeting (EOGM) was held on 10 April 2025, where the members of the company approved the proposed Preferential Issue of Equity Shares with the requisite majority.
• A corrigendum dated 05 April 2025 to the EOGM Notice had clarified the investment strategy for unutilized funds from the issue.
• The company confirmed that any amount pending utilization towards the objects of the issue will be invested only in low-risk instruments such as debt mutual funds or term deposits with scheduled commercial banks on a temporary basis, in accordance with applicable laws, and not in high-risk or capital-eroding instruments.
• This submission is made in compliance with Regulation 30 and 51 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.