Kolte-Patil Developers 35th AGM Notice and Resolutions

Meeting Details

The 35th Annual General Meeting will be held on Monday, 27 July 2026 at 03:00 PM (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) without physical presence of members, in compliance with MCA and SEBI circulars. The registered office at 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India shall be deemed to be the venue for the AGM.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider, approve and adopt: (a) the Audited Standalone Financial Statement for the year ended 31 March 2026 and Reports of Board of Directors and Auditors, and (b) the Audited Consolidated Financial Statement for the year ended 31 March 2026 and Report of Auditors.

2. To appoint a Director in place of Mr. Asheesh Mohta (DIN: 00358583) who retires by rotation and offers himself for re-appointment.

Special Business:

3. Special Resolution for re-appointment of Mr. Girish Vanvari (DIN: 07376482) as Non-Executive Independent Director for a second term of 5 consecutive years from 29 July 2026 to 28 July 2031.

4. Special Resolution to extend the timeline for utilization of issue proceeds raised through preferential issue of equity shares by 12 months, from 23 December 2026 to 22 December 2027.

5. Ordinary Resolution for appointment and remuneration of M/s. Harshad S. Deshpande, Cost Accountants (Membership No. 25054) to conduct audit of cost records for financial year 2026-27 at a fee of ₹150,000 plus GST and out-of-pocket expenses.

Voting Process and Methods

The company is providing remote e-voting facility through Central Depository Services (India) Limited (CDSL) as the authorized e-Voting agency. Mr. Nitin Prabhune, Practicing Company Secretary, Pune, has been appointed as the Scrutinizer to scrutinize the voting process.

Voting period begins on Friday, 24 July 2026 at 09:00 AM (IST) and ends on Sunday, 26 July 2026 at 05:00 PM (IST). The cut-off date for determining voting rights is 20 July 2026.

Members can vote through:

Depositories (CDSL/NSDL) for demat account holders
CDSL e-Voting system for physical shareholders and non-individual shareholders in demat form
E-voting during the AGM for those attending virtually and who haven't voted remotely

Key Information from Explanatory Statement

Item No. 3 - Director Re-appointment

Mr. Girish Vanvari was appointed as Independent Director for five years commencing 29 July 2021, completing his term on 28 July 2026. The Board recommends his re-appointment based on his skills, expertise, experience, and valuable contributions. He has provided all necessary declarations and consents required under the Companies Act, 2013 and SEBI Regulations.

Item No. 4 - Preferential Issue Proceeds Extension

The company raised ₹417.03 Crores through preferential allotment of 1,26,75,685 equity shares on 23 June 2025, based on shareholder approval obtained in the EGM held on 10 April 2025.

Original utilization plan:

General Corporate Purposes: ₹104.00 Crores
Development of new Real Estate Projects including land acquisition: ₹265.00 Crores
Payment of government premiums and FSI purchase cost: ₹48.03 Crores

Utilization as on 31 March 2026:

General corporate purpose: ₹24.93 Crores utilized
Real estate projects development: ₹33.91 Crores utilized
Government premiums and FSI costs: ₹45.75 Crores utilized
Total utilized: ₹104.59 Crores
Unutilized amount: ₹312.44 Crores

The extension is sought to allow prudent deployment of funds without changing the original objects of the issue.

Item No. 5 - Cost Auditor Appointment

M/s Harshad S. Deshpande, Cost Accountants were appointed by the Board based on Audit Committee recommendation, and shareholder ratification is sought for their remuneration of ₹150,000.

Compliance with Laws and Regulations

The AGM is convened in compliance with:

Companies Act, 2013
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA Circulars: No. 03/2025, 14/2020, 17/2020, 20/2020, 10/2022, 09/2023, 09/2024
SEBI Circulars: SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, SEBI/HO/CFD/CFDPoD-2/P/CIR/2023/167, SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133

Unclaimed Dividend Information

Additional Information

The notice includes detailed instructions for shareholders regarding e-voting procedures, technical support contacts, and requirements for attending the virtual AGM. The facility will be available to at least 1000 members on first-come-first-served basis, excluding large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors who can attend without restriction.