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(Listing Obligations and Disclosure Requirements ...
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KOLTE-PATIL DEVELOPERS LTD. CIN : L45200PN1991PLC129428 Pune Regd. Office: 2nd Floor, Ci ty Point, Dhole Patil Road, Punc 411001. Maharashtra, India. Tel.: +91 20 6622 6500 Fax : +91 20 6622 6511 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 To, The Assistant Manager, National Stock Exchange of India Limited Listing Department, ‘Exchange Plaza’, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 To, The General Manager, BSE Limited Corporate Relationship Department, 1 st floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 28 June 2021 Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: NSE Symbol and Series: KOLTEPATIL and EQ BSE Code and Scrip Code: 9624 and 532924 Dear Sir/Madam, Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure of Related Party Transactions, on a consolidated basis, for the half year ended 31 March 2021. The above document is available on the Company's website www.koltepatil.com. This is for your information and record. Thanking you, For Kolte-Patil Developers Limited Vinod Patil Company Secretary and Compliance Officer Membership No. A13258 Encl: As above
Transcript of (Listing Obligations and Disclosure Requirements ...
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 2nd Floor, Ci ty Point, Dhole Patil Road, Punc 411001. Maharashtra, India. Tel.: +91 20 6622 6500 Fax : +91 20 6622 6511
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
To, The Assistant Manager, National Stock Exchange of India Limited Listing Department, ‘Exchange Plaza’, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
To, The General Manager, BSE Limited Corporate Relationship Department, 1st floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001
28 June 2021
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Ref: NSE Symbol and Series: KOLTEPATIL and EQ BSE Code and Scrip Code: 9624 and 532924 Dear Sir/Madam, Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure of Related Party Transactions, on a consolidated basis, for the half year ended 31 March 2021. The above document is available on the Company's website www.koltepatil.com. This is for your information and record. Thanking you, For Kolte-Patil Developers Limited
Vinod Patil Company Secretary and Compliance Officer Membership No. A13258 Encl: As above
Kolte‐Patil Developers Limited
A.List of Related PartiesRelated parties are classified as:
1. Kolte‐Patil Real Estate Private Limited2. Tuscan Real Estate Private Limited3. Snowflower Properties Private Limited4. Sylvan Acres Realty Private Limited
7. PNP Agrotech Private Limited8. Kolte‐Patil I‐Ven Townships (Pune) Limited9. Kolte‐Patil Global Private Limited
12. Kolte‐Patil Services Private Limited13. Kolte‐Patil Foundation
15. Ankit Enterprises16. Kolte‐Patil Homes17. KP‐Rachana Real Estate LLP18. Bouvardia Developers LLP19. KP‐SK Project Management LLP20. Carnation Landmarks LLP21. Regenesis Project Management LLP22. Bluebell Township Facility Management LLP (Step Down Subsidiary)23. Amco Landmarks Realty (Joint venture of subsidiary)24. DMK Infrastructure Private Limited (Joint venture of subsidiary)
1. Rajesh Patil2. Naresh Patil3. Milind Kolte4. Gopal Sarda5. Atul Bohra (upto December 21, 2020)6. Vinod Patil7. Nirmal Kolte8. Yashvardhan Patil9. Harshavardhan Patil10. Ankita Patil11. Sunita Patil12. Sunita Kolte13. Vandana Patil14. Sudhir Kolte15. Virag Kolte16. Pradeep Kolte17. Neha Patil18. Shriya Kolte19. Riya Kolte20. KN. Swaminathan (w.e.f. May 31, 2021)
1. Anisha Education Society2. Kolte‐Patil Family Ventures LLP3. NYP Healthcare Ventures LLP4. Kori Design House LLP5. Imagination Interior Decorators LLP6. Skroman Switches Private Limited7. KP‐Rubika Eduservices Private Limited
ii. Key Management Personnel and their relatives
iii. Entities over which Key Management Personnel and their relatives are able to exercise significant
influence
i. Subsidiaries and joint ventures
5. Regenesis Facility Management Company Private Limited
6. Kolte‐Patil Properties Private Limited (formerly known as Kolte‐Patil Redevelopment Private
Limited)
10. Kolte‐Patil Lifespaces Private Limited (formerly known as Anisha Lifespaces Private Limited)
11. KPE Private Limited (formerly known as Kolte‐Patil Infratech Private Limited)
14. Kolte Patil‐Planet Real Estate Private Limited (Formerly known as Jasmine Real Estate Private
Limited) (Joint Venture of Subsidiary)
25. Kolte‐Patil Infratech DMCC (Step Down Subsidiary)
Kolte‐Patil Developers Limited
I. Transactions during the year: (Rs. in Lakhs)
For Half Year ended
March 31,20211,592
(59)
1 1
(32) 50
423
80 (48)
1,970 1,774
2,150 5,261 5,013 4,677 140
5 34 0
653 5,892
47 2 8
535 1,514
0 395 20
1,219 1,781 247 18 58 29 9
13 6 0 1
16
0
Inter Corporate Deposit Taken Kolte‐Patil Real Estate Private Limited
Tuscan Real Estate Private Limited Kolte‐Patil I‐Ven Townships (Pune) Limited
Inter Corporate Deposit Repaid Kolte‐Patil I‐Ven Townships (Pune) Limited
Income from project management
fees
Kolte‐Patil I‐Ven Townships (Pune) LimitedTuscan Real Estate Private Limited
Interest income on debentures Kolte‐Patil I‐Ven Townships (Pune) Limited
Land PurchasedRajesh PatilMilind Kolte
Kolte‐Patil Lifespaces Private Limited (formerly known as Anisha
Lifespaces Private Limited)
Regenesis Facility Management Private Limited
Guarantee premium income Kolte‐Patil I‐Ven Townships (Pune) Limited
Reimbursements
Kolte‐Patil I‐Ven Townships (Pune) LimitedKolte‐Patil Real Estate Private Limited Snowflower Properties Private LimitedTuscan Real Estate Private LimitedSylvan Acres Realty Private LimitedImagination Interior decorators LLPKolte‐Patil Services Private Limited
Net gain arising on financial assets
designated as at FVTPL
Snowflower properties Private Limited
Investments made in equity sharesKolte‐Patil Services Private LimitedKolte‐Patil Foundation
B. Related Party Transactions and Balance Outstanding
Type of transactions Particulars
Redemption of Investment in
debenturesKolte‐Patil I‐Ven Townships (Pune) Limited
Loans given
PNP Agrotech Private Limited
Kolte‐Patil Properties Private Limited (formerly known as Kolte‐
Patil Redevelopment Private Limited)
Kolte‐Patil Lifespaces Private Limited (formerly known as Anisha
Lifespaces Private Limited)
Kolte‐Patil Real Estate Private Limited
Loans Repaid Kolte‐Patil Real Estate Private Limited
Withdrawal through current balance
in partnership firms/LLP’s
Ankit EnterprisesKolte‐Patil HomesRegenesis Project Management LLPKP‐Rachana Real Estate LLPBouvardia Developers LLPCarnation Landmarks LLPKP‐SK Project Management LLP
Investment through current balance
in partnership firms/LLP’s
Ankit EnterprisesKolte‐Patil HomesRegenesis Project Management LLPKP‐Rachana Real Estate LLPBouvardia Developers LLPCarnation Landmarks LLP
Loans and interest repaid PNP Agrotech Private Limited
Kolte‐Patil Developers Limited
I. Transactions during the year: (Rs. in Lakhs)
For Half Year ended
March 31,2021
B. Related Party Transactions and Balance Outstanding
Type of transactions Particulars
(355)
17 358 227
0(65) 62 1 2
137 26
57 330
12
0
1,149
77
75
58
25
9
36 36 36
228 50 24 31 38 31 9
KP‐Rubika Eduservices Private Limited
Anisha Education Society
Rental income
Carnation Landmarks LLP
Expenditure on rent of properties Kolte‐Patil Family Ventures LLP
Advance received for sale of
residential/commercial properties #
Kolte‐Patil Family Ventures LLP
Share of profit/(loss) from firms/ LLPKP‐Rachana Real Estate LLP
Bluebell Township Facility Management LLP
Interest expenditure on inter
corporate deposits
Kolte‐Patil Real Estate Private Limited
Tuscan Real Estate Private Limited
Kolte‐Patil I‐Ven Townships (Pune) Limited
Share of loss/(Profit) from firms/ LLP
KP‐SK Project Management LLPAnkit EnterprisesBouvardia Developers LLPKolte‐Patil HomesRegenesis Project Management LLP
Expenditure on Purchase of raw
materialSkroman Switches Private Limited
Interest expenditure on advance
against Project Management feesKolte‐Patil I‐Ven Townships (Pune) Limited
Expenditure related to employee
welfareNYP Healthcare Ventures LLP
Expenditure on Cost of services,
construction and land Other
construction expenses
KPE Private Limited
Kori Design House LLP
Imagination Interior decorators LLP
Remuneration to key managerial
personnel ##
Rajesh Patil Naresh Patil Milind Kolte Gopal Sarda Atul Bohra Vinod PatilNirmal Kolte
Virag KolteYashvardhan Patil
Harshavardhan Patil
Kolte‐Patil Developers Limited
I. Transactions during the year: (Rs. in Lakhs)
For Half Year ended
March 31,2021
B. Related Party Transactions and Balance Outstanding
Type of transactions Particulars
261
96
28
38
0
32
66
97
793
384
9,074
1,501
379
250
137
3 23
44
44 35 20
Share of loss of Joint Venture
Sale of residential property Gopal Sarda
Interest on inter corporate deposits
Amco Landmars Realty
Investment in equity shares of joint
venture
DMK Infrastructure Private Limited
Advance given to joint ventureDMK Infrastructure Private Limited
Sale of LandKolte‐Patil Planet Real Estate Private Limited
Intercoporate Deposit Paid to
associate
Kolte‐Patil Planet Real Estate Private Limited
Kolte‐Patil Planet Real Estate Private Limited
Advance against received against sale
of Land
Kolte‐Patil Planet Real Estate Private Limited
Project Management Fees Charged by
KPIT
Kolte‐Patil Planet Real Estate Private Limited
Kolte‐Patil Properties Private Limited (formerly known as Kolte‐
Patil Redevelopment Private Limited)PNP Agrotech Private Limited Kolte‐Patil Real Estate Private Limited
Kolte‐Patil Lifespaces Private Limited (formerly known as Anisha
Lifespaces Private Limited)
Advance received back provided for
land purchase
Milind Kolte
Nirmal Kolte
Deposits Given for Rental PropertiesKolte‐Patil Family Ventures LLP
Advance returned back, received
against Land Purchase
Naresh Patil
Investment in Joint VentureAmco Landmars Realty
Investment in equity shares of
associate
Share of loss of associateKolte‐Patil Planet Real Estate Private Limited
DMK Infrastructure Private Limited
Kolte‐Patil Planet Real Estate Private Limited
Kolte‐Patil Developers Limited
(Rs. in Lakhs)Year ended March 31,
2021111 22 9
17 645 55 123 269 270
31
573 592
519
1,201 5,398 768
933 826 2
5 15,791
202 1 1 1
11,129
2,752 1,900
10
2 4,635 484 207
7,569 532
23 0 1 24
6 0
II. Balances at year end:
Account Balances Particulars
Trade receivables (project
management fees)
Kolte‐Patil I‐Ven Townships (Pune) LimitedTuscan Real Estate Private Limited
Advances given for land purchaseNirmal Kolte
Milind Kolte
Advance received from customer Kolte‐Patil Family Ventures LLPMilind Kolte
Interest receivable
Kolte‐Patil I‐Ven Townships (Pune) Limited PNP Agrotech Private LimitedKolte‐Patil Properties Private Limited (formerly
known as Kolte‐Patil Redevelopment Private
Limited)
Kolte‐Patil Lifespaces Private Limited (formerly
known as Anisha Lifespaces Private Limited)
Loans / advances given
PNP Agrotech Private Limited
Kolte‐Patil Properties Private Limited (formerly
known as Kolte‐Patil Redevelopment Private
Limited)
Kolte‐Patil Lifespaces Private Limited (formerly
known as Anisha Lifespaces Private Limited)
Investments in preference shares Kolte‐Patil I‐Ven Townships (Pune) Limited
Investments in equity shares
Tuscan Real Estate Private Limited Kolte‐Patil Real Estate Private LimitedKolte‐Patil Properties Private Limited (formerly
known as Kolte‐Patil Redevelopment Private
Limited)PNP Agrotech Private LimitedSylvan Acres Realty Private LimitedRegenesis Facility Management Company Private
LimitedSnowflower Properties Private Limited
Kolte‐Patil I‐Ven Townships (Pune) Limited
Kolte‐Patil Global Private LimitedKolte‐Patil Services Private LimitedKolte‐Patil Foundation
Kolte‐Patil Lifespaces Private Limited (formerly
known as Anisha Lifespaces Private Limited)
Investment in debenturesKolte‐Patil I‐Ven Townships (Pune) LimitedSnowflower Properties Private Limited
Investment in partnership &
limited liability partnerships (fixed
capital and current capital)
KP‐Rachana Real Estate LLP
Bouvardia Developers LLPCarnation Landmark LLPRegenesis Project Management LLPKP‐SK Project Management LLP Ankit Enterprises
Advance from partnership &
limited liability partnerships Kolte‐Patil Homes
Receivable towards
reimbursement
Kolte‐Patil I‐Ven Townships (Pune) LimitedKolte‐Patil Real Estate Private Limited Kolte‐Patil Services Private Limited
Kolte‐Patil Lifespaces Private Limited (formerly
known as Anisha Lifespaces Private Limited)
Sylvan Acres Realty Private LimitedRegenesis Facility Management Company Private
Year ended March 31,
2021Account Balances Particulars
45 46
137
150
17
9
61
19
3
273
38
379
218
1,436
425
793
113
224
42
1,774 2,150 7,499
24 52 685 82
2
4
6 6
364
"0" means less than Rs. 1 Lakh.
KP‐Rubika Eduservices Private Limited
Rent Receivable
Unsecured LoanSudhir Kolte
Inter Corporate deposit ReceivableKolte‐Patil Planet Real Estate Private Limited
Receivable against Project
Mangement Fees
Kolte‐Patil Planet Real Estate Private Limited
Advance received against sale of
land
Kolte‐Patil Planet Real Estate Private Limited
Investment in equity shares of
joint venture ( Net of Loss of joint
venture)
DMK Infrastructure Private Limited
Investment in equity shares of
associate ( net of loss of associate)
Kolte‐Patil Planet Real Estate Private Limited
Investment in Joint VentureAmco Landmarks Realty
Advance given to joint ventureDMK Infrastructure Private Limited
Anisha Education Society
Pradeep Kolte
Rajesh Patil
Payable for Land Purchase
Nirmal Kolte
Milind Kolte
Naresh Patil
Advance given for land purchase
Deposits Given for Rental
Properties
Kolte‐Patil Family Ventures LLP
Payable towards reimbursementSnowflower Properties Private Limited
Tuscan Real Estate Private Limited
Payable for rent paid on propertiesKolte‐Patil Family Ventures LLP
Inter Corporate Deposit payable
Kolte‐Patil Real Estate Private Limited Tuscan Real Estate Private Limited
Kolte‐Patil I‐Ven Townships (Pune) Limited
Interest on Inter Corporate
Deposit payable
Kolte‐Patil Real Estate Private Limited Tuscan Real Estate Private LimitedKolte‐Patil I‐Ven Townships (Pune) Limited
Advance Paid for Purchase of Raw
materialSkroman Switches Private Limited
Trade payableImagination Interior decorators LLP
KPE Private Limited
Advance related to employee
welfareNYP Healthcare Ventures LLP
Advance Paid for Construction
related servicesKori Design House LLP
Kori Design House LLP
