Kolte - Patil Developers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Kolte-Patil Developers has filed a quarterly compliance statement under SEBI Regulation 32 reporting on the use of funds raised via a preferential issue of equity shares. The company raised Rs. 41,703 Lakhs on 23 June 2025 by issuing equity shares of face value Rs. 10 each. CARE Ratings Limited has been appointed as the monitoring agency to track fund usage. The company has confirmed there is no deviation or variation from the stated objects for which the funds were raised. All deviation-related fields in the prescribed format are marked as 'Not Applicable' since the funds are being used in line with the original plan.
This is a routine compliance filing with no negative news — it simply confirms that the Rs. 417 crore raised through the preferential issue is being deployed as originally disclosed. For shareholders, it signals fund management discipline and regulatory transparency, with a neutral to mildly positive tone as no misuse or change in purpose has been reported.