Kalpataru Ltd

Kalpataru Ltd announced revisions and new ratings from Crisil Ratings Limited and Crisil, alongside several key financial updates. Crisil Ratings Limited revised the rating on the Bank/Term Loan Facilities amounting to 742.94 from Crisil BBB+/Stable, linked to HDFC Bank Limited, and assigned a new rating of Crisil BBB/Stable to Bank/Term Loan Facilities of 500 and 120, associated with Indian Bank and PNB Housing Finance Limited, respectively. Crisil downgraded Bank Debt of 1362.94 Crore from Crisil BBB/Stable, previously enhanced from Rs.1126.3 Crore and Rs.383.36 Crore which has now been withdrawn, and withdrew Bank Facilities of 383.36 Crore and a Term Loan of 32383.36, both previously rated by RBI. Additionally, Crisil assigned a BBB+ rating to Long-term bank loan facilities of INR 500 crore, while also noting a reduction in Residential Debt from ~Rs 9,200 crore to ~Rs 8,000 crore, an expected Debt-to-CFO ratio remaining above 3.5 times through fiscal 2028, and sales booking increases of ~17% in fiscal 2026, with expected sales bookings of Rs 6,000–7,500 crore over fiscals 2027 and 2028.

Kalpataru Limited announced on September 9, 2026, that its Nomination and Remuneration Committee approved the allotment of 4,825 equity shares with a face value of Rs 10 each to option holders under the Kalpataru Limited Employees Stock Option Scheme 2024, increasing the company's paid-up equity share capital from Rs 2,05,92,20,930 consisting of 20,59,22,093 equity shares to Rs 2,05,92,69,180 consisting of 20,59,26,918 equity shares.

Kalpataru Limited announced that its shareholders approved the appointment of Messrs. Rathi & Associates, Company Secretaries, as Secretarial Auditors for a term of five consecutive financial years commencing from fiscal year 2026-27 up to fiscal year 2030-31, at the company's 38th Annual General Meeting held on August 3, 2026.

Kalpataru Limited announced its results for the quarter ended June 30, 2026, reporting pre-sales of Rs 1,329 crore, a 6% year-on-year increase, and collections of Rs 1,365 crore, up 17% year-on-year. The Mumbai-based developer, which focuses on luxury and premium residential projects, also launched the luxury residential project Kalpataru Vian, Hrushikesh, Lokhandwala, and signed a development agreement for a society redevelopment project in Kandivali East with an estimated gross development value of approximately Rs 1,250 crore. Kalpataru Limited’s revenue from operations for the quarter stood at Rs 472 crore, with an adjusted EBITDA of Rs 95 crore and a net debt of Rs 8,229 crore.

CARE Ratings Ltd. has released a monitoring report indicating that a company has largely utilized funds raised through a public issue as initially planned. The report, a compliance document for the company and relevant regulatory bodies, details the deployment of funds for debt repayment, general corporate purposes including investments in subsidiaries and working capital, and the management of unutilized proceeds primarily through bank deposits. While the company initially adhered to the planned allocation, the Board subsequently approved transferring funds from the "Issue Expenses" category to the general corporate purpose due to lower-than-expected expenses. The report notes no significant delays in implementation and highlights the company’s transparency in reporting fund utilization, though CARE Ratings Ltd. disclaims any legal liability and emphasizes its reliance on information provided by the company and third-party sources.

Kalpataru will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Collections rose 17% to Rs 1,365 crore during the quarter from Rs 1,165 crore in Q1 FY26. During the quarter, the company launched Kalpataru Vian, Hrushikesh in Lokhandwala, Andheri West, a luxury residential project comprising 3, 4 and 4.5-BHK residences. The project features over 30 lifestyle amenities and offers connectivity to key metro corridors, the upcoming coastal road and other major social infrastructure. The company also launched Tower C of Estella at Kalpataru Parkcity in Thane during the quarter. Kalpataru Projects International is a global EPC player with diversified interest in Buildings and Factories, Power transmission and distribution, Roads and Bridges, Water pipe lines, railway track laying and electrification, oil and gas pipelines laying, etc. The company's consolidated net profit jumped 73.6% to Rs 391.33 crore on 10.1% rise in revenue from operations to Rs 7,777.90 crore in Q4 FY26 over Q4 FY25. The counter declined 1.56% to Rs 284 on the BSE.Powered by Capital Market - Live

Kalpataru has allotted 8,100 equity shares under ESOS on 10 July 2026. With this allotment, the paid up equity share capital has increased to Rs 2,059,220,930 consisting of 20,59,22,093 equity shares of Rs 10/- each.

Kalpataru announced that the 38th Annual General Meeting(AGM) of the company will be held on 3 August 2026.

Kalpataru announced the signing of a large cluster redevelopment project comprising of five adjacent societies in Ashok Nagar, Kandivali East, Mumbai (Ashokgram Cluster). The project spans ~2.8 acres of prime land with a free sale potential of ~0.37 msf carpet area and estimated Gross Development Value (GDV) of around Rs  1,250 crore.