Kolte-Patil Developers Redeems ₹140 Crore NCDs Ahead of Maturity, Fully Extinguishes Liability to India Realty Excellence IV
Early Debt Redemption Strengthens Liquidity Position
Kolte Patil Developers redeemed its secured, unlisted Non-Convertible Debentures (NCDs) worth ₹140 crore on June 29, 2026, ahead of the scheduled maturity date. The company repaid the outstanding principal amount along with interest to subscriber India Realty Excellence IV, fully extinguishing its liability.
The debentures were originally subscribed and issued on April 10, 2023. The early redemption was conducted in accordance with the terms of the issue. The company informed the National Stock Exchange of India Limited and BSE Limited regarding the completion of this transaction.
Regulatory Compliance and Debt Strategy
The intimation was filed pursuant to Regulation 30, 51, and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequent to this payment, the company's liability towards these NCDs has been fully extinguished.
About Kolte-Patil Developers
Founded nearly 3 decades ago and incorporated in 1991, Kolte-Patil Developers Ltd is a leading real estate company with dominant presence in the Pune residential market. Headquartered in Pune, KPDL is listed on NSE and BSE (BSE: 532924, NSE: KOLTEPATIL).
The company has developed and constructed over 68 projects including residential complexes, IT parks, integrated townships, and commercial complexes, covering a saleable area of approximately 36 million square feet across Pune, Mumbai and Bengaluru.
Financial Position and Capital Structure
The NCD redemption reflects the company's refined approach to debt management. The company has diversified its funding by raising 10-year NCDs from Marubeni Corporation and Motilal Oswal, which account for over 40% of total debt as of June 30, 2025, with collections from earmarked projects utilized for early redemption.
As of June 2025, the company had robust liquidity, with liquid balances over ₹800 crore. This liquidity position has enabled the company to redeem obligations ahead of schedule.
Strategic Backing and Governance
The company derives strength from extensive experience of over three decades in the real estate industry marked by a track record of development of over 300 lakh square feet, and the presence of Blackstone Group, holding a significant stake in KPDL, a global real estate investment firm managing assets exceeding $300 billion.
The Kolte-Patil group has successfully completed over 68 residential and commercial projects across Pune, Mumbai, and Bengaluru, with a total saleable area exceeding 300 lsf as of June 2025.