According to the latest reports in the media, the makers of KGF2 have decided to push the film from the initially announced release date of July 16th, due to the corona second wave which hasnt yet settled down in India. With the film being such a biggie to be released in multiple languages round the country, it makes sense that the release takes place at a single time.
The makers will soon make the decision about the postponement official, and will announce the new date once things settle. As of now, the post-production process of the film is taking place at a steady pace.