Intimation for offer for sale of shares of the Company undertaken by DSK Shareholders Trust.
Awaiting price reaction for this filing.
DSK Shareholders Trust, a non-promoter shareholder of D.S. Kulkarni Developers Limited, plans to sell up to 5,00,000 equity shares (5% of total share capital) through an Offer for Sale on the stock exchanges. The floor price is fixed at Rs. 10 per share, equal to the face value, with no discount offered to retail investors. The bidding will happen on December 5, 2025 for non-retail investors and December 8, 2025 for retail investors, with Motilal Oswal Financial Services acting as the broker. The purpose of this OFS is to help the company comply with SEBI's minimum public shareholding (MPS) norms. Notably, the company's website is www.dskcirp.com, indicating it has emerged from a Corporate Insolvency Resolution Process (CIRP), with the resolution plan approved by NCLT in June 2023.
Existing public shareholders may see some dilution as public float increases. Since the floor price is set at face value (Rs. 10) and no retail discount is offered, investors should check the prevailing market price before participating. The sale is compliance-driven and not a sign of financial stress at the promoter level, though the company's CIRP history warrants caution.