Approval of application of Reclassification of promoters by BSE Limited and National Stock Exchange of India Limited.
Awaiting price reaction for this filing.
BSE and NSE have approved DS Kulkarni Developers' application to reclassify six individuals — Deepak Sakharam Kulkarni, Hemanti Deepak Kulkarni, Shirish Deepak Kulkarni, Amit Deepak Kulkarni, Tanvi Shirish Kulkarni, and Makarand Sakharam Kulkarni — from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI's Listing Regulations. Notably, all six outgoing promoters already hold zero equity shares and 0% shareholding in the company. As a result, the overall promoter holding remains unchanged at 95,00,000 shares (95%) and public holding stays at 5,00,000 shares (5%) both before and after the reclassification. This is purely a formal regulatory classification exercise with no actual change in ownership, voting rights, or shareholding structure. The application was originally filed on 14 August 2024 and approved by both exchanges on 29 July 2025.
No material impact on shareholders or stock price — the promoter holding stays at 95% and there is no change in control or ownership. This is a paperwork reclassification of people who already held no shares.