Submission of statement under Regulation 32 of SEBI LODR
KOLTEPATIL · price
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Kolte-Patil Developers has submitted its quarterly utilization statement for Rs. 41,703 lakhs (approximately Rs. 417 crore) raised via a preferential issue of equity shares on 23 June 2025. The report covers the quarter ended 31 March 2026. CARE Ratings Limited has been appointed as the monitoring agency for this issue. The company has confirmed there is no deviation or variation in the planned use of funds, with all allocation remaining as originally committed. No changes to objects or shareholder approvals related to fund usage were required.
The clean report with no deviations signals that the company is deploying raised capital as planned. Shareholders can view this as a positive indicator of disciplined capital deployment, though the filing does not provide granular details on specific utilization.