Kalpataru announces strategic investment in Kalpataru Parkcity Project at Thane

Kalpataru announced that the board of its wholly owned subsidiary, Kalpataru Properties (KPL) at their meeting held on 31 October 2026, has approved the proposal to acquire 8,00,83,333 equity shares having a face value of Rs. 10 each, constituting 16.67% of equity share capital of Agile Real Estate (AREPL) and 12,284 equity shares of face value of Rs. 10 each, constituting 16.67 % of equity share capital of Agile Real Estate Dev (AREDPL).

Upon completion of aforesaid acquisition by KPL, AREPL and AREDPL, developing prestigious Kalpataru Parkcity Project at Thane, shall become wholly owned subsidiaries of KPL and step down wholly owned subsidiaries of the company. Kalpataru Parkcity project has a main attraction of ~25 acres of grand central park fully operational besides state of art development conducive to residential, retail and commercial use. The aforesaid strategic investment will open up and enhance business opportunities for the Kalpataru Parkcity township at Thane and thereby entitle the Company for 100% of project surplus and cash flows.