Kolte-Patil Developers Limited announced that its Board of Directors, in a meeting held on February 5, 2026, approved a revision in the remuneration of its Managing Director, Mr. Rajesh Patil. Effective February 1, 2026, Mr. Patil's remuneration will be reduced to ₹1 (Rupee One only) per month. This revision is a voluntary reduction and is part of the company's new strategic arrangements with a long-term investor. The Board confirmed that there is no change in Mr. Patil's role, responsibilities, or tenure, and he will continue to lead the company's operations and strategic direction. The board meeting commenced at 04:00 PM IST and concluded at 05:15 PM IST.
