Kolte - Patil Developers Limited has informed the Exchange about Utilisation of Funds
KOLTEPATIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kolte-Patil Developers Limited has submitted a statement on the utilization of funds raised through a preferential issue of equity shares. The company raised Rs. 41,703 Lakhs (approximately Rs. 417 crore) on 23 June 2025 via issuance of equity shares with face value of Rs. 10 each. The filing covers the quarter ended 31 March 2026. CARE Ratings Limited has been appointed as the monitoring agency for the issue. The company has confirmed that there is no deviation or variation in the use of funds from the original objects, indicating that the proceeds are being deployed as planned.
No deviation in fund utilization is a positive indicator for shareholders, suggesting the capital raise is progressing as intended. The presence of an external monitoring agency (CARE Ratings) adds credibility to the deployment process.