DS Kulkarni Developers Limited (DSKULKARNI)

D S Kulkarni Developers Limited has acquired a 100% equity stake in Westpole Spaces Private Limited, making it a wholly owned subsidiary effective October 05, 2026. Westpole Spaces is a newly incorporated entity (incorporated on April 19, 2026) in the real estate sector with nil revenue and paid-up capital of ₹10,000. The acquisition consideration is ₹10,000 in cash, and it is an arm's length non-related party transaction. The company stated the acquisition aims to support business expansion and growth.

• Acquired 100% equity stake for a cash consideration of ₹10,000
• Westpole Spaces becomes a wholly owned subsidiary effective October 05, 2026
• Target company was incorporated on April 19, 2026, with NIL turnover and ₹10,000 paid-up capital
• Transaction is not a related-party deal and requires no governmental approvals

DS Kulkarni Developers Limited announced the consolidated scrutinizer report for its 35th Annual General Meeting held on September 10, 2026. All proposed ordinary and special resolutions were approved by shareholders with requisite majorities. These included the adoption of FY26 financial statements (99.9999% votes in favor) and re-appointment of director Sumit Ramesh Diwane. Special resolutions regarding material related-party transactions with Classic Promoters and Builders, Ashdan Township Ventures, and Ashdan Township Holdings also passed with 96.20% votes in favor.

• Adoption of FY26 Audited Standalone Financial Statements passed with 9,500,523 votes in favor (99.9999%)
• Re-appointment of director Sumit Ramesh Diwane approved with 9,500,504 votes in favor (99.9999%)
• Material related-party transactions with Classic Promoters, Ashdan Township Ventures, and Ashdan Township Holdings each passed with 505 votes in favor (96.20%) against 20 votes (3.80%)
• AGM was conducted on September 10, 2026, starting at 11:30 AM and concluding at 11:42 AM IST

DS Kulkarni Developers Limited held its 35th Annual General Meeting on September 10, 2026. The meeting lasted 12 minutes, commencing at 11:30 a.m. and concluding at 11:42 a.m. Notably, Item No. 4 (material related party transaction with Ashdan Township Ventures Private Limited) was withdrawn pursuant to a corrigendum dated September 3, 2026, and was not voted upon. Other resolutions, including financial adoption and two other material related party transactions, were put to electronic vote, with final scrutinizer results expected by September 15, 2026.

• 35th AGM held and concluded on September 10, 2026, spanning 12 minutes (11:30 a.m. to 11:42 a.m. IST)
• Item No. 4 regarding Material Related Party Transaction with Ashdan Township Ventures Private Limited was withdrawn
• Remote e-voting was conducted from September 07, 2026 (9:00 a.m. IST) to September 09, 2026 (5:00 p.m. IST)
• Voting results along with Scrutinizer's Report to be submitted on or before September 15, 2026

DS Kulkarni Developers Limited has issued a corrigendum withdrawing Agenda Item No. 4 from the notice of its 35th Annual General Meeting scheduled for September 10, 2026. The withdrawn item pertained to shareholder approval for a material related-party property sale to Moonbrick Realty Private Limited. The resolution was dropped because Moonbrick Realty has formally become a wholly-owned subsidiary, making shareholder approval exempt under Regulation 23(5) of SEBI LODR Regulations. Consequently, the remaining agenda items have been renumbered from 1 through 5 for remote e-voting.

• Withdrew Agenda Item No. 4 regarding the material related-party sale of property to Moonbrick Realty Private Limited
• Exemption applied under SEBI LODR Regulation 23(5) after Moonbrick Realty became a 100% wholly-owned subsidiary
• AGM remains scheduled for September 10, 2026 at 11:30 AM IST via Video Conferencing
• Total agenda items for e-voting reduced and renumbered to Items 1 through 5

DS Kulkarni Developers Limited announced the completion of an inter-se transfer of 94,99,994 equity shares from Ashdan Properties Private Limited to Ashdan Township Holdings Private Limited on August 20, 2026. The transaction was originally reported in March 2024 but was delayed due to CIRP suspension before trading resumed on August 03, 2026. The transferred promoter shares remain subject to lock-in restrictions until August 31, 2027. This represents the administrative execution of a previously disclosed transfer and not a fresh market transaction.

• Completed demat transfer of 94,99,994 equity shares on August 20, 2026
• Transfer executed inter-se within promoter group between Ashdan Properties and Ashdan Township Holdings
• Trading had resumed effective August 03, 2026 following exchange approvals on July 31, 2026
• Transferred promoter shares subject to mandatory lock-in restrictions until August 31, 2027

DS Kulkarni Developers Limited has scheduled its 35th Annual General Meeting (AGM) for September 10, 2026, via video conferencing. The remote e-voting period runs from September 7 to September 9, 2026, with the record/cut-off date set as September 4, 2026. Key agenda items include special resolutions to approve material related-party transactions (RPTs) of up to Rs 500 crore each with Classic Promoters and Builders Private Limited and Moonbrick Realty Private Limited for FY 2026-27. The company reported zero operating revenue and a net loss of Rs 1.23 crore in the quarter ended June 2026.

• 35th AGM scheduled for September 10, 2026 at 11:30 AM IST via Video Conferencing.
• Remote e-voting window opens on September 7, 2026 (09:00 AM IST) and closes September 9, 2026 (05:00 PM IST).
• Shareholder cut-off date fixed as September 4, 2026.
• Special resolution proposed for property transactions/loans with Classic Promoters and Builders up to Rs 500 crore.
• Special resolution proposed for property sale/transfers with Moonbrick Realty up to Rs 500 crore.

DS Kulkarni Developers Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no securities were received for dematerialization during the quarter ended June 30, 2026. This is a standard procedural filing required by SEBI to monitor the conversion of physical shares into electronic format. The announcement has no impact on the company's financial position or operations.

• Zero (0) securities were received for dematerialization during the quarter ended June 30, 2026
• Compliance certificate issued by MUFG Intime India Private Limited on July 15, 2026
• The filing covers the three-month period from April 1, 2026, to June 30, 2026
• Submission to exchanges (BSE and NSE) completed on July 18, 2026

DS Kulkarni Developers Limited has approved the acquisition of a 100% equity stake in Moonbrick Realty Private Limited, making it a wholly-owned subsidiary. The acquisition is being executed at nil consideration as the target is a newly incorporated entity (February 2026) with zero turnover and a paid-up capital of only ₹10,000. While it is a related party transaction due to common promoters, the company states it is on an arm's length basis. Additionally, the board appointed Ms. Rishika Verma, who has 5 years of experience, as the new Company Secretary and Compliance Officer.

• 100% equity acquisition of Moonbrick Realty Private Limited for Nil consideration
• Target company has a paid-up capital of only ₹10,000 and reported Nil turnover
• Indicative timeline for completion of the acquisition is 1 week
• Appointment of CS Rishika Verma who brings 5 years of post-qualification experience
• Moonbrick Realty was recently incorporated on February 19, 2026

DS Kulkarni Developers Limited has announced the closure of its trading window for all designated persons effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The window will remain closed until 48 hours after the announcement of the un-audited financial results for the quarter ending June 30, 2026. This is a standard regulatory procedure for listed companies in India.

• Trading window closure begins on July 1, 2026
• Closure is related to the un-audited financial results for the quarter ended June 30, 2026
• Restriction applies to Promoters, Directors, KMPs, and other Designated Persons
• Window will reopen 48 hours after the official results are declared

Ms. Sanjana Katlana has resigned from her dual roles as Company Secretary and Compliance Officer at DS Kulkarni Developers Limited, effective June 9, 2026. She had been serving in this capacity since July 4, 2024, and cited personal reasons for her departure. The company stated there are no other material reasons for the resignation, and she holds no directorships in other listed entities. The board will need to appoint a successor to maintain regulatory compliance.

• Ms. Sanjana Katlana resigned as Company Secretary and Compliance Officer effective June 9, 2026.
• The resignation is attributed to personal reasons with no other material concerns reported.
• She served in the role for nearly two years, having been appointed on July 4, 2024.
• The company confirmed she holds no other directorships or committee memberships in listed entities.