DS Kulkarni Developers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
DS Kulkarni Developers reported zero revenue from operations for the quarter ended June 30, 2025, compared to Rs 75.5 crores in the same quarter last year — a near-total collapse in business activity. The company posted a small net loss of Rs 3.57 lakhs versus a profit of Rs 218.45 lakhs in Q1 FY25. The balance sheet is severely impaired, with negative net worth of Rs 128.43 crores and negative other equity of Rs 137.96 crores. The board also approved material related party transactions with Classic Promoters and Builders Private Limited, and scheduled the 34th AGM for September 30, 2025. The company's listed website (dskcirp.com) indicates it is associated with the Corporate Insolvency Resolution Process (CIRP). The auditors (Artha & Associates) issued an unmodified limited review report.
This is a financially distressed company with no revenue and a deeply negative net worth, meaning existing shareholders face an extremely high risk of total loss. The stock is highly speculative and only suitable for investors with very high risk tolerance.