We wish to inform you that the Board of Directors of Kolte-Patil Developers Limited ("Company") at its meeting held on Friday, 17 May 2024 provided its in-principal approval for the Scheme of Amalgamation involving Amalgamation of Kolte-Patil Integrated Townships Limited ("KPITL" or Transferor Company) a Wholly-Owned Subsidiary Company of the Company with Kolte-Patil Developers Limited ("KPDL" or "Transferee Company") ("hereinafter referred to as Scheme") as per Section 233 of the Companies Act, 2013 read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.