DS Kulkarni Developers Limited has informed the Exchange about approval of application for reclassification of promoters of the Company.
Awaiting price reaction for this filing.
BSE and NSE have approved DS Kulkarni Developers' application (originally filed on 14th August 2024) to reclassify 6 individuals from the 'Promoter and Promoter Group' category to the 'Public' category, with the approval letter dated 29th July 2025. The 6 outgoing promoters are Deepak Sakharam Kulkarni, Shirish Deepak Kulkarni, Amit Deepak Kulkarni, Tanvi Shirish Kulkarni, Makrand Sakharam Kulkarni, and Hemanti Deepak Kulkarni. Notably, all 6 individuals already held zero equity shares (0%) at the time of reclassification. As a result, the actual shareholding numbers remain unchanged: promoter holding stays at 95,00,000 shares (95%) and public holding at 5,00,000 shares (5%). This is a purely formal/administrative reclassification of family members who had already exited the company's shareholding.
No real impact on shareholders or stock price since the shareholding structure is unchanged — the 6 outgoing promoters already held zero shares. This is a procedural cleanup of the promoter register and reflects the formal exit of the Kulkarni family members from the company's promoter group.