Kolte-Patil Developers: Board Meeting Outcome for Submission Of The Outcome Of The Board Meeting Held On 26 October 2023

Pursuant of Regulation 30 51 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with corresponding circulars and notifications issued thereunder we wish to inform you that the Board of Directors of Kolte-Patil Developers Limited (Company) at their meeting held on Thursday 26 October 2023 inter-alia approved issue of secured rated listed redeemable Non-Convertible Debentures (Debentures) of face value Rs.1 00 000/- each on a private placement basis aggregating upto Rs. 113 65 00 000 (Rupees One Hundred and Thirteen Crore and Sixty Five Lakhs only). Further in this regard the Board of Directors of the Company has formed a Debenture Allotment Committee (Committee) to decide the terms of the Debentures and delegated necessary powers to the said Committee. The Meeting of Board of Directors was commenced at 11.30 AM and concluded at 11.55 AM.