Kolte - Patil Developers Limited - Amalgamation/Merger

29 Nov 2022 , 12:00 AM

Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and Para A of Part A of Schedule Ill to the said Regulations, we wish to inform that the Board of Directors of the Company at its meeting held on 28 November 2022, has considered and in-principally approved composite Scheme of Amalgamation and arrangement for amalgamation of PNP Agrotech private Limited and Tuscan Real Estate Private Limited with the Company and demerger of the Retail business of Kolte-Patil Properties Private Limited (Formerly known as Kolte-Patil Redevelopment Private Limited) and merge the retail business into the Company under the applicable provisions of the Companies Act, 2013 in supersession to the earlier Scheme of Amalgamation and Arrangement as approved by the Board.