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Kalpataru Limited, established in 1988 in Mumbai, is a comprehensive real estate development company engaged in land acquisition, planning, design, execution, sales, and marketing of projects.
Kalpataru Limited's Q1 FY27 saw pre-sales rise 6% to ₹1,329 Cr and collections jump 17% to ₹1,365 Cr. New launches included a luxury project and a 2.8-acre redevelopment (GDV ~₹1,250 Cr). Revenue was ₹472 Cr, but the company reported a net loss of ₹29 Cr for the quarter.
Kalpataru announced an internal merger of its wholly-owned and step-down subsidiaries to streamline its group structure and optimize costs. This restructuring is expected to have no significant impact on its financial position or shareholding. KPTL reported 227.58 Cr turnover and 86.12 Cr net worth.
Kalpataru Ltd. has withdrawn its demerger scheme for Project Magnus from its wholly-owned subsidiary. The company's Executive Committee found the scheme's benefits no longer relevant. No financial impact expected.
Kalpataru Ltd. signed a cluster redevelopment project in Kandivali East, Mumbai, with an estimated Gross Development Value (GDV) of ~₹1,250 crore. This expands its portfolio and strengthens its presence in Mumbai's key micro-markets.
Kalpataru Ltd approved a scheme to demerge its Korum Mall business (KRVPL, Turnover ~171 Cr) into KPTPL (Turnover ~259 Cr) for preference shares. It will also amalgamate five subsidiaries into KL, streamlining the group structure. No change to KL's shareholding.