Pursuant of Regulation 30, 51 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with corresponding circulars and notifications issued thereunder, we wish to inform you that the Board of Directors of Kolte-Patil Developers Limited ('Company') at their meeting held on Thursday, 26 October 2023, inter-alia approved issue of secured, rated, listed, redeemable Non-Convertible Debentures ('Debentures') of face value Rs.1,00,000/- each, on a private placement basis, aggregating upto Rs. 113,65,00,000 (Rupees One Hundred and Thirteen Crore and Sixty Five Lakhs only). Further, in this regard, the Board of Directors of the Company has formed a Debenture Allotment Committee ('Committee') to decide the terms of the Debentures and delegated necessary powers to the said Committee. The Meeting of Board of Directors was commenced at 11.30 AM and concluded at 11.55 AM.