DS Kulkarni Developers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
D S Kulkarni Developers filed copies of disclosures under Regulation 31(4) of the SEBI Takeover Regulations, submitted by seven promoter group entities for the financial year ended 31 March 2025. The seven entities are Ashdan Township Holdings Pvt Ltd, Classic Promoters and Builders Pvt Ltd, Atul Builders, AC Realty LLP, Hinjewadi Land Developers LLP, Eliture Land Developers LLP, and Astaria Land Developers LLP. Each promoter entity declared that it, along with persons acting in concert, has not made any encumbrance (pledge, lien, charge, or similar) of the company's shares, directly or indirectly, during FY25. This is a mandatory annual filing required from promoters whose shares are encumbered, confirming that the encumbrance status remained unchanged over the year.
No fresh pledging, invocation, or release of promoter shares during the year — a neutral to mildly positive signal for shareholders as it shows the promoter group's pledged position has not worsened. However, the filing does not reveal the actual quantum of shares already encumbered, so the headline pledge level remains undisclosed in this particular document.