DS Kulkarni Developers Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
Awaiting price reaction for this filing.
D S Kulkarni's board approved unaudited results for Q3 and 9M FY26 (ended Dec 31, 2025). Revenue from operations is zero for the quarter and 9M FY26, down from Rs 755 lacs in 9M FY25. Total income was Rs 1,416.13 lacs for Q3 (vs Rs 1,414.10 lacs) and Rs 4,228.95 lacs for 9M FY26 (vs Rs 4,369.79 lacs), with all of it coming from 'other income'. The company swung to a Q3 loss of Rs 14.66 lacs from a profit of Rs 143.15 lacs. 9M FY26 net profit collapsed ~92% to Rs 36.47 lacs from Rs 452.10 lacs. Finance costs stayed high at Rs 4,171.76 lacs for 9M FY26. Other equity is deeply negative at Rs -13,806.20 lacs, and the company's website (dskcirp.com) references CIRP (Corporate Insolvency Resolution Process). The auditor issued an unmodified limited review report.
With zero operational revenue, deeply negative net worth, and persistent high finance costs, the company faces severe going-concern risks. Shareholders should expect continued stock price weakness and elevated default risk; the clean auditor's review does not offset these fundamental red flags.