DS Kulkarni Developers Limited (DSKULKARNI)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, DS Kulkarni's revenue was ₹0.0 Cr, and net profit ₹-1.2 Cr.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | — | — |
| Net profit | ₹-1.2 | — | — |
| EPS (₹) | -1.23 | — | — |
DSKULKARNI exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 18 band closes in about the last 20 sessions.
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📢 Recent Corporate Announcements
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 has approved the acquisition of a 100% equity stake in Pune-based Westpole Spaces Private Limited for a cash consideration of ₹10,000. Westpole Spaces was incorporated on April 19, 2026, has zero turnover, and has not yet started business operations. The acquisition is not a related-party transaction and is slated to close within 1 month. Additionally, the company appointed architect Anish Avinash Nawathe as an Additional Non-Executive Independent Director for a 5-year term.
- 100% equity stake acquisition in Westpole Spaces Private Limited for ₹10,000 cash consideration
- Target entity is a shell/startup incorporated on 19/04/2026 with nil turnover and paid-up capital of ₹10,000
- Acquisition scheduled to be completed within an indicative timeline of 1 month
- Appointment of Mr. Anish Avinash Nawathe as Non-Executive Independent Director for 5 years effective October 05, 2026
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 announced the results of its 35th Annual General Meeting held on September 10, 2026. All proposed resolutions were passed with requisite majorities, including the adoption of FY26 standalone financial statements and reappointment of a retiring director, each receiving 99.9999% approval. Additionally, special resolutions approving material related party transactions with Classic Promoters and Builders, Ashdan Township Ventures, and Ashdan Township Holdings were passed with 96.20% voting in favor. The company reported zero revenue and a net loss of Rs 1.23 crore in its June 2026 quarter.
- Adoption of FY26 financial statements approved with 9,500,523 votes in favor (99.9999%)
- Re-appointment of director Sumit Ramesh Diwane passed with 9,500,504 votes in favor (99.9999%)
- Material Related Party Transactions with Classic Promoters and Ashdan entities approved with 505 votes (96.20%) in favor each
- AGM held on September 10, 2026, lasting 12 minutes (concluded at 11:42 a.m. 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 issued the notice for its 35th Annual General Meeting (AGM) scheduled for September 10, 2026, via video conferencing. The company is seeking shareholder approval for material related-party transactions (RPTs), including property sales and advances up to ₹500 crore each with Classic Promoters and Builders Pvt Ltd and Moonbrick Realty Pvt Ltd for FY 2026-27. Remote e-voting will run from September 7 to September 9, 2026, with a cut-off date of September 4, 2026.
- 35th AGM scheduled for September 10, 2026, at 11:30 AM IST via VC/OAVM.
- Proposed special resolution to approve material RPTs with Classic Promoters and Builders Pvt Ltd up to ₹500 Cr for FY27.
- Proposed special resolution for property sale/advances with subsidiary Moonbrick Realty Pvt Ltd up to ₹500 Cr for FY27.
- Remote e-voting window spans September 7, 2026 (09:00 AM) to September 9, 2026 (05:00 PM) with cut-off on September 4, 2026.
DS Kulkarni Developers reported a standalone net loss of ₹122.94 lakhs (₹1.23 crore) for the quarter ended June 30, 2026, swinging from a net profit of ₹47.12 lakhs in Q1 FY25. The company recorded zero revenue from operations, with total income of ₹1,398.73 lakhs comprising solely other income, which was outpaced by finance costs of ₹1,510.81 lakhs. The Board appointed Mr. Sudheeran Ravindran as Chief Executive Officer and noted the completed 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026.
- Standalone net loss stood at ₹122.94 lakhs for Q1 FY27 compared to a net profit of ₹47.12 lakhs in Q1 FY26
- Revenue from operations was nil, while other income was ₹1,398.73 lakhs
- Finance costs remained elevated at ₹1,510.81 lakhs, exceeding total quarterly income
- Completed 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026
- Approved appointment of Mr. Sudheeran Ravindran as Chief Executive Officer effective August 14, 2026
D S Kulkarni Developers reported a standalone net loss of ₹1.23 crore (₹122.94 lakhs) for the quarter ended June 30, 2026, swinging from a net profit of ₹0.47 crore (₹47.12 lakhs) in the year-ago period. Revenue from operations remained at zero, while total income of ₹13.99 crore came entirely from other income, outpaced by finance costs of ₹15.11 crore. The Board approved the appointment of Mr. Sudheeran Ravindran as Chief Executive Officer (CEO) and Mr. Siddhanth Jain as Chief Legal Officer w.e.f. August 14, 2026. Additionally, the company highlighted the completion of its 100% equity acquisition of Moonbrick Realty Private Limited on July 13, 2026.
- Q1 FY27 net loss stood at ₹122.94 lakhs compared to a net profit of ₹47.12 lakhs in Q1 FY26.
- Zero revenue from operations recorded; other income stood flat at ₹1,398.73 lakhs.
- Finance costs remained high at ₹1,510.81 lakhs, exceeding total income of ₹1,398.73 lakhs.
- Mr. Sudheeran Ravindran appointed as CEO effective August 14, 2026.
- Completed 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026.
DS Kulkarni Developers reported a standalone net loss of ₹122.94 lakhs for the quarter ended June 30, 2026, compared to a net profit of ₹47.12 lakhs in Q1 FY26. The company recorded zero revenue from operations, relying entirely on other income of ₹1,398.73 lakhs, which was outpaced by finance costs of ₹1,510.81 lakhs. The board also appointed Sudheeran Ravindran as Chief Executive Officer and noted the completion of the 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026.
- Standalone net loss stood at ₹122.94 lakhs for Q1 FY27 versus a net profit of ₹47.12 lakhs in Q1 FY26
- Operational revenue was ₹0 (nil), with total income comprising other income of ₹1,398.73 lakhs
- Finance costs remained elevated at ₹1,510.81 lakhs for the quarter compared to ₹1,345.57 lakhs in Q1 FY26
- Sudheeran Ravindran appointed as Chief Executive Officer (CEO) effective August 14, 2026
- Completed 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026
DS Kulkarni Developers reported a standalone net loss of ₹1.23 crore for Q1 FY27, worsening from a net profit of ₹0.47 crore in Q1 FY26. Total income was flat at ₹13.99 crore, entirely comprised of other income with nil revenue from operations. Finance costs rose to ₹15.11 crore for the quarter, outstripping total income and driving the net loss. Additionally, the Board appointed Mr. Sudheeran Ravindran as Chief Executive Officer and noted the completion of the 100% acquisition of Moonbrick Realty Private Limited on July 13, 2026.
- Standalone net loss stood at ₹122.94 lakhs (₹1.23 crore) in Q1 FY27 vs a profit of ₹47.12 lakhs in Q1 FY26
- Total income stood at ₹1,398.73 lakhs (₹13.99 crore) with nil revenue from core operations
- Quarterly finance costs increased to ₹1,510.81 lakhs (₹15.11 crore) from ₹1,345.57 lakhs in Q1 FY26
- Appointed Mr. Sudheeran Ravindran as Chief Executive Officer effective August 14, 2026
- Acquisition of 100% stake in Moonbrick Realty Private Limited completed on July 13, 2026
DS Kulkarni Developers reported a standalone net loss of Rs 122.94 lakhs for Q1 FY27, worsening from a net loss of Rs 72.91 lakhs in Q4 FY26 and down from a net profit of Rs 47.12 lakhs in Q1 FY26. Operational revenue remained nil, with total income of Rs 1,398.73 lakhs entirely derived from other income. Finance costs stood heavy at Rs 1,510.81 lakhs, driving total expenses to Rs 1,521.67 lakhs. Alongside results, the company confirmed the appointment of Mr. Sudheeran Ravindran as CEO and the completed 100% acquisition of Moonbrick Realty Private Limited.
- Standalone net loss widened to Rs 122.94 lakhs in Q1 FY27 from a profit of Rs 47.12 lakhs in Q1 FY26.
- Zero revenue from operations; total income of Rs 1,398.73 lakhs was entirely supported by other income.
- Finance costs remained elevated at Rs 1,510.81 lakhs, comprising 99.3% of total expenses of Rs 1,521.67 lakhs.
- Appointed Mr. Sudheeran Ravindran as Chief Executive Officer (CEO) effective August 14, 2026.
- Completed 100% equity stake acquisition in Moonbrick Realty Private Limited on July 13, 2026.
DS Kulkarni Developers Limited has received approval from BSE and NSE to list 1,00,00,000 equity shares of ₹10 each, effective August 03, 2026. This follows a capital reduction and resolution plan approved by the NCLT in June 2023, which resulted in the cancellation of all pre-existing share capital. The new capital structure consists of 95,00,000 shares (95%) held by the Resolution Applicant and 5,00,000 shares (5%) held by the public. The stock will trade in the 'T' Group (Trade-to-Trade segment) with a special pre-open session on the listing date.
- 1,00,00,000 (1 crore) equity shares of ₹10 each to be admitted for trading on BSE and NSE.
- 95,00,000 shares (95% of total capital) are subject to a lock-in period until August 31, 2027.
- Paid-up share capital reduced from ₹25.80 crore to ₹10.00 crore as part of the NCLT-approved resolution plan.
- Trading will commence on August 03, 2026, in the Trade-to-Trade (T) segment.
- 5,00,000 shares (5% of capital) were sold to public shareholders via Offer for Sale (OFS) to meet minimum public shareholding norms.
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