Kolte-Patil Developers Ltd - Capital/Financing Update 2023

==> picture [79 x 76] intentionally omitted <==

To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited Listing BSE Limited, Department, ‘Exchange Plaza’, Bandra Kurla Corporate Relationship Department, Complex, 1[st] floor, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 Date: 01 July 2023

Sub: Disclosure pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Redemption of Debentures by Kolte-Patil Integrated Townships Limited, Material Subsidiary Company

ISIN: Equity: INE094I01018 and Debt: INE094I07049

Ref: NSE Symbol and Series: KOLTEPATIL and EQ BSE Code and Scrip Code - Equity: 9624 and 532924 BSE Security Code and Security Name – Debt: 974771 and 0KPDL33

Dear Sir/Madam,

With reference to captioned subject, we would like to inform you that the Company, Kolte-Patil Integrated Townships Limited (“KPIT”) (material subsidiary company of the Company) and IDBI Trusteeship Services Limited (Trustee of India Advantage Fund III and India Advantage Fund IV) have entered into a Securities Redemption Agreement on 30 June 2023 under which 5,11,54,470 optionally convertible debentures held by India Advantage Fund III and 3,41,02,980 optionally convertible debentures held by India Advantage Fund IV (“debentures”) are to be redeemed in the manner set out in the said Securities Redemption Agreement for the aggregate consideration of Rs. 130 Crores which shall be paid by KPIT in tranches as per the Securities Redemption Agreement.

Further, in light of the aforesaid redemption of debentures, the FSI Agreement dated 28 May 2019 executed between the Company, KPIT and IDBI Trusteeship Services Limited (Trustee of India Advantage Fund III and India Advantage Fund IV) in relation to the proposed allocation of 12 acres of land in Life Republic to India Advantage Fund III and India Advantage Fund IV stands cancelled and terminated.

This is for your information and record.

Thanking you,

For Kolte-Patil Developers Limited

VINOD Digitally signed by VINOD EKNATH PATIL DN: c=IN, o=Personal, postalCode=411038, EKNATH st=Maharashtra, serialNumber=031A4F8F7667DFD6F101AD302FF701154E7EC2E 00D731A673EB62A5F34869955, cn=VINOD EKNATH PATIL PATIL Date: 2023.07.01 14:25:47 +05'30' Vinod Patil Company Secretary and Compliance Officer Membership No. A13258