Updates

To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, ‘Exchange Plaza’, Bandra Corporate Relationship Department, Kurla Complex, 1st floor, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 Date: 20 June 2026 Sub: Update on earlier disclosure given on 04 June 2026 with respect to GST intimation ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07064, INE094I07072, INE094I07080 and INE094I07098. Ref: NSE Symbol and Series: KOLTEPATIL and EQ BSE Code and Scrip Code - Equity: 9624 and 532924 BSE Security Code and Security Name – Debt: 974771 and KPDLZC33 BSE Security Code and Security Name – Debt: 975276 and KPDL221223 BSE Security Code and Security Name – Debt: 976030 and 0KPDL34 BSE Security Code and Security Name – Debt: 977231 and KPDL161025 BSE Security Code and Security Name – Debt: 977351 and 0KPDL35 Dear Sir/Madam, Pursuant of Regulation 30, 51 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para B, Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and read with master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on 30 January 2026, we hereby inform that we have received Show Cause Notices under Section 74(1) of CGST/MGST Act, 2017 from the Office of the Assistant Commissioner of State Tax Jurisdiction, Mumbai, Maharashtra. These Show Cause Notices pertain to matters for which intimations under Section 74/74A of CGST/MGST Act, 2017 had already been received from the GST authorities and the Company had intimated to the stock exchanges on 04 June 2026. In respect of the captioned matter, we the undersigned, state and declare that the information and details provided in Form A, in compliance with Regulation 30 (13) of SEBI Listing Regulations, is true, correct and complete to the best of our knowledge and belief. This is for your information and record. Thanking you, For Kolte-Patil Developers Limited Vinod Patil Company Secretary and Compliance Officer Membership No. A13258 KOLTE-PATIL DEVELOPERS LTD. CIN: L45200PN1991PLC129428 Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune-411 001, Maharashtra, India Tel.: + 91 20 6742 9200 / 6742 9201 Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803 Web.: www.koltepatil.com Email id: vinod.patil@koltepatil.com Form A Disclosure by Kolte-Patil Developers Limited regarding receipt of communication from regulatory, statutory, enforcement or judicial authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. (Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial authority) Sr. Particulars Details 1 Name of the listed entity Kolte-Patil Developers Limited 2 Type of communication received Show cause notices received under Section 74(1) of CGST/MGST Act 2017 for the ascertainment of total GST liability of Rs. 103,81,78,300/- (Rupees One Hundred Three Crores Eighty One Lakhs Seventy Eight Thousand Three Hundred only) [including interest and penalties] 3 Date of receipt of communication 19 June 2026 4 Authority from whom Assistant Commissioner of State Tax, communication received Jurisdiction, Mumbai, Maharashtra 5 Brief summary of the material The Company has received show cause notice contents of the communication under the CGST Act in respect of GST liability received, including reasons for for the receipt of the communication (i) Purchase of TDR; (ii) Construction services provided to society members under the redevelopment projects; (iii) Development rights procured from the society members in lieu of the construction services under the redevelopment projects. Earlier, the Company had received intimation under Section 74/74A of CGST/MGST Act, 2017 on 04 June 2026 for this same matter. This intimations were communicated to the Stock Exchanges on 04 June 2026. Now, upon receipt of Show Cause Notice, amount of penalty has been increased and the incremental penalty is of Rs. 39,40,27,864/- (Rupees Thirty Nine Crores Forty Lakhs Twenty Seven Thousand Eight Hundred Sixty Four only). 6 Period for which communication Financial years from 01-04-2020 to 31-03-2026 would be applicable, if stated KOLTE-PATIL DEVELOPERS LTD. CIN: L45200PN1991PLC129428 Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune-411 001, Maharashtra, India Tel.: + 91 20 6742 9200 / 6742 9201 Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803 Web.: www.koltepatil.com Email id: vinod.patil@koltepatil.com Sr. Particulars Details 7 Expected financial implications on Based on Company’s assessment, the the listed company, if any aforesaid demand is not maintainable, and the Company is evaluating all possible legal options. The Company does not envisage any relevant impact on financials, operations or other activities of the Company. 8 Quantum of Claim, if any Rs. 103,81,78,300/- (Rupees One Hundred Three Crores Eighty One Lakhs Seventy Eight Thousand Three Hundred only) [including interest and penalties] 9 Details of any aberrations/non- The Company has received the Show Cause compliances identified by the Notices from the aforesaid GST authority for authority in the communication ascertainment of tax liability on the TDR purchased, Construction services to society members under the redevelopment projects and acquisition of development rights from the society members under the redevelopment projects. 10 Details of any penalty or restriction Penalty of Rs. 46,35,62,192/- (Rupees Forty Six or sanction imposed pursuant to Crores Thirty Five Lakhs Sixty Two Thousand the communication One Hundred Ninety Two only). 11 Action(s) taken by listed company The Company, based on its preliminary with respect to the communication assessment, believes that levy of GST along with interest and penalty is wholly erroneous and not sustainable in the eyes of law and without appreciating the facts of our case and hence it is arbitrary, unjustified and unsustainable in law. The Company has reasonable grounds to defend its position in the said matter and it will take appropriate legal action within the permissible timelines. 12 Any other relevant information Not Applicable. KOLTE-PATIL DEVELOPERS LTD. CIN: L45200PN1991PLC129428 Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune-411 001, Maharashtra, India Tel.: + 91 20 6742 9200 / 6742 9201 Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803 Web.: www.koltepatil.com Email id: vinod.patil@koltepatil.com