Kolte - Patil Developers Limited — Others, 14-08-2025: Monitoring Agency Report

Kolte-Patil Developers' monitoring agency, CARE Ratings, has affirmed the utilization of proceeds from its preferential equity issue. The company raised 417.03 Cr, and the report for the quarter ended June 30 confirms no deviation from the stated objects. While the funds are earmarked for general corporate purposes, new real estate projects, and FSI payments, they are currently held in low-risk investments like liquid and money market funds. This ensures capital is prudently managed until fully deployed for planned growth initiatives, offering transparency to shareholders.