ALFA Filings
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Kolte-Patil Developers reported audited financial results for the year ended March 31, 2026. The board also approved senior management changes and director re-appointments.
Kolte-Patil Developers scheduled a board meeting on May 22, 2026. Directors will review FY2026 financial results and a proposal for raising capital through various securities.
Kolte-Patil Developers Ltd submitted a Monitoring Agency Report confirming ₹417.03 Crore utilization from its preferential issue. Funds were deployed for corporate purposes and real estate projects.
Kolte-Patil Developers reported FY26 annual sales of ₹2,605 Crore and record annual collections of ₹2,689 Crore. Q4 FY26 sales grew 13% YoY to ₹714 Crore, driven by strong new launches. The company also announced a strategic partnership with Blackstone, which acquired a 40% stake during the year.
Kolte-Patil Developers received a GST demand order of ₹58.23 Crore (including interest and penalties) for FY 2019-20 from Maharashtra state tax authorities. The company believes the demand is arbitrary and unsustainable, and plans to take appropriate legal action. No material impact on financials or operations is currently expected.