Kalpataru Limited

Key Transaction Details

  • Kalpataru Properties Limited (KPL), a wholly owned subsidiary of Kalpataru Limited, approved the acquisition of additional equity shares in two step-down subsidiaries on October 31, 2026.
  • Acquisition of 8,00,83,333 equity shares (face value ₹10 each) representing 16.67% of equity share capital of Agile Real Estate Private Limited (AREPL) for a consideration of ₹5,205.42 lakhs.
  • Acquisition of 12,284 equity shares (face value ₹10 each) representing 16.67% of equity share capital of Agile Real Estate Dev Private Limited (AREDPL) for a consideration of ₹49.14 lakhs.
  • Total acquisition cost: ₹5,254.56 lakhs (₹52.54 crore).
  • Consideration will be paid in cash.
  • Transaction is not a related party transaction.

Post-Acquisition Structure

Upon completion, both AREPL and AREDPL will become wholly owned subsidiaries of KPL and step-down wholly owned subsidiaries of Kalpataru Limited, giving the company 100% control over both entities.

Strategic Rationale

The acquisition aims to open up and enhance business opportunities for the Kalpataru Parkcity township project at Thane, which features a ~25 acres central park and residential, retail, and commercial developments. This strategic investment will entitle Kalpataru Limited to 100% of project surplus and cash flows.

Timeline and Approvals

  • The acquisition will be completed within 60 days, subject to receipt of requisite approvals.
  • No governmental or regulatory approvals are required for this acquisition.

Target Company Background

Agile Real Estate Private Limited (AREPL):

  • Business: Real estate development
  • Date of incorporation: January 2, 2008
  • Turnover history:
  • FY 2025-26: ₹41,090 lakhs
  • FY 2024-25: ₹60,482 lakhs
  • FY 2023-24: ₹33,399 lakhs
  • Presence: India

Agile Real Estate Dev Private Limited (AREDPL):

  • Business: Real estate development
  • Date of incorporation: September 10, 2007
  • Turnover history: No revenue from operations for FY 2023-24, 2024-25, and 2025-26
  • Presence: India

Ownership Structure

Promoters, promoter group, and group companies have no interest in either AREPL or AREDPL beyond their current subsidiary relationship with Kalpataru Limited.