Kalpataru Ltd

Meeting Details

• Board meeting on August 3, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for Q1 ended June 30, 2026 to be considered.

Other Notes

• Trading window closed from July 1, 2026 and remains closed 48 hours after results.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 June 2026.
• All Kalpataru Limited shares are entirely in dematerialised mode.

Q1 FY2026-27 operational update

• Pre-sales 1,329 Cr; collections 1,365 Cr in Q1 FY2026-27; YoY up 6% and 17%; provisional.
• New launches in Q1: Kalpataru Vian, Hrushikesh, Lokhandwala luxury residences.
• Kalpataru Vian offers 3–4–4.5 BHK homes in a 4-acre mangrove-view enclave.
• Vian located in Andheri West with metro, coastal road, and retail access.
• Tower C of Estella at Kalpataru Parkcity, Thane, launched.
• Disclosures provisional; posted on company website.

MSEDCL assessment against KRVL; HC order

• MSEDCL issued final assessment order dated July 7, 2026, demanding ~Rs 63.49 crore.
• Order under Bombay High Court writ directs KRVL to deposit 50% of assessed amount within three weeks.
• KRVL is evaluating the Order and remedies; dispute contention remains that demand has no legal basis.
• High Court Order received around 8:15 pm on July 10, 2026.
• KRVL may pursue legal proceedings; potential cash outflow subject to court directions.

AGM notice and annual report access

• AGM 38th of Kalpataru Limited is scheduled for Aug 3, 2026 at 4:00 PM IST via VC/OAVM.
• FY2025-26 Annual Report and AGM Notice accessible via Kalpataru investor site and stock exchanges.
• Notice and annual report sent to members without registered emails as of July 3, 2026.
• Update email addresses with depository participants to receive future notices.
• RTA MUFG Intime India Private Limited handles distribution; contact details provided.
• Notice and report hosted on BSE and NSE websites.

AGM Details

• AGM scheduled for 03 August 2026 at 04:00 PM IST.
• Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM).
• Deemed venue: registered office of the company.
• Remote e-voting window: 30 July to 2 August 2026.
• Cut-off date for e-voting: 27 July 2026.
• Proxies not permitted; attendance via VC/OAVM only.

Ordinary Resolutions

• Item 1: Adoption of standalone financial statements for year ended March 31, 2026.
• Item 2: Adoption of consolidated financial statements for year ended March 31, 2026.
• Item 3: Re-appointment of Narendra Kumar Lodha as Director liable to retire by rotation.
• Item 8: Material RPT – shortfall undertaking by Parag M. Munot with Standard Chartered Bank up to INR 395 crore.
• Item 9: Material RPT – personal guarantee by Parag M. Munot for Kalpataru Properties Limited NCDs totaling INR 1,750 crore.

Special Resolutions

• Item 4: Ratify cost auditor remuneration for FY2026-27 up to INR 1,75,000 plus taxes.
• Item 5: Appoint Rathi & Associates as Secretarial Auditors for 5 years; remuneration up to INR 3.50 lakh.
• Item 6: Approve aggregate commission/remuneration to Independent Directors up to INR 2 crore per year for 3 years.
• Item 7: Enable Kalpataru Properties Limited to sell/dispose/encumber assets up to 20% of assets for NCDs up to INR 1,750 crore.

Other Governance/Related Details

• Item 3 (Ordinary) includes re-appointment of Executive Director; other director disclosures provided in notice.
• Items 8-9 disclose material related party transactions involving promoter-related entities and related guarantees.
• Related party disclosures summarize thresholds, prior approvals, and justification for financing arrangements.

FY26 Financial Highlights

• Consolidated revenue ₹3,536.71 crore.
• Consolidated PAT ₹79.96 crore.
• Adjusted EBITDA ₹1,022 crore; margin 29.8%.
• IPO raised ₹1,590 crore; listing 1 Jul 2025.
• OC for ~3,000 units; completions 5.15 msf.
• Net debt ₹8,106 crore; debt/equity 2.0x.
• Debt refinancing cut blended cost by 120 bps.
• Pre-sales ₹5,280 crore; collections ₹4,960 crore; avgrealisation ₹16,719/psf.
• Area sold 3.16 msf.

Capital structure & liquidity

• Paid-up equity ₹205.91 crore.
• Authorized capital ₹5,015 crore.
• No post-IPO change in share capital.
• Net debt ₹8,106 crore; debt/equity 2.0x.
• Refinanced ~₹3,500 crore; cost down 120 bps.
• IPO proceeds applied to debt repayment (~₹1,190 crore).
• Unsold inventory ₹22,000 crore; future inflows ₹57,000 crore.

Operational highlights & pipeline

• 20 ongoing projects totalling ~24.0 msf; 11 forthcoming ~43 msf.
• 83 completed projects; 31 ongoing; ~74% owned portfolio.
• FY27 launches ~5.0 msf; GDV ₹7,770 crore.
• Delivery target FY27 ~5.5 msf.
• OC for ~3,000 units achieved in FY26.
• Unsold inventory and future inflows corroborate growth trajectory.

Market focus & sustainability

• Core markets: MMR and Pune; premium/luxury demand rising.
• Redevelopment-led supply in Mumbai; infrastructure unlocks micro-markets.
• 39 IGBC-certified projects; LEED Platinum at Kalpataru Square.
• Strong emphasis on sustainability: energy, water, design, BIM.
• Green leadership supports premium pricing and absorption.

Governance & leadership

• Board: 8 directors; 2 Exec, 6 Non-Exec; 1 woman Independent.
• FY26 board meetings: 9; Audit Committee: 9; NRC: 5; CSR: 4; RMC: 2.
• Secretarial Auditor changed to Rathi & Associates (May 2026).
• KMP/MD: Parag M. Munot (MD), Narendra K. Lodha (ED).
• Statutory Auditor: KKC & Associates; Secretarial Auditor: transitioning to Rathi & Associates; Cost Auditor: V. B. Prabhudesai & Co.

Related party transactions

• RPT: Shortfall undertaking by Parag M. Munot to bank ₹395 crore.
• Material RPTs: Parag Munot personal guarantee for KPL NCDs up to ₹1,750 crore.
• RPT policy adheres to SEBI norms; Audit Committee oversight; Shareholder approvals where required.
• Promoter holdings total 81.34%; Mofatraj Munot 17.63%; Parag Munot 9.86%.

CSR & ESG overview

• CSR spend ₹5.31 lakh; 2% avg net profit threshold ₹1.4725 crore.
• Unspent CSR ₹141.97 lakh; transferred to CSR account on 30-Apr-2026.
• CSR pillars: Healthcare, Education, Skill Development, Environment.
• Mobile Medical Unit serviced 20,740 people; SEL impacted 1,572 students.
• 39 projects IGBC-certified; energy/water efficiency across projects.

Audits & risk management

• Statutory audit: unmodified opinion; no material weaknesses.
• Internal audit: head appointed Oct 1, 2025; oversight by Audit Committee.
• Risk Management Committee active; robust risk framework in place.
• Regulatory environment favorable; RERA and policy reforms support execution.

Outlook & milestones for FY27

• FY27 launches ~5.0 msf; GDV ₹7,770 crore; deliveries ~5.5 msf.
• Unsold inventory ~₹22,000 crore; total future inflow potential ~₹57,000 crore.
• Strategic shift toward execution and cash generation; disciplined capital deployment.