Kolte-Patil Developers Limited Reports Utilization of Preferential Issue Proceeds
Kolte-Patil Developers Limited has provided details regarding the utilization of funds raised through its preferential issue of Equity Shares. The report covers the period for the quarter ended March 31, 2026.The company, bearing ISIN INE094I01018, undertook the fund-raising activity through a preferential issue of Equity Shares. This fund-raising took place on June 23, 2025.
According to the statement, the total amount raised was Rs. 41,703 Lakhs. Monitoring for the issue is being conducted by CARE Ratings Limited.
A table summarizing the key financial and reporting details for the utilization of issue proceeds is provided below:
| Detail | Value |
|---|---|
| Issuer Name | Kolte-Patil Developers Limited |
| ISIN | INE094I01018 |
| Mode of Fund Raising | Preferential issue |
| Type of Instrument | Equity Shares |
| Date of Fund Raising | 23 June 2025 |
| Amount Raised | Rs. 41,703 Lakhs |
| Report Period | Quarter ended 31 March 2026 |
| Monitoring Agency | CARE Ratings Limited |
| Deviation in Fund Use | No |
The report confirms that there is no deviation or variation in the use of the funds raised during the specified quarter. Furthermore, the documentation indicated that for the objects for which funds were raised, the allocation and utilization were not applicable, suggesting the funds were utilized according to the originally planned structure for the reporting period.
KOLTEPATIL Stock Price Movement
On Friday, Kolte - Patil Developers Limited shares slipped by 0.66% to settle at ₹394.25. The stock finished its session on a volume of 55,582 shares, marking a slight dip from previous levels.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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