Notice of 34th Annual General Meeting of the Company to be held on Tuesday, 30th September 2025 at 03:00 p.m. at the registered office of the Company situated at Unit No. 301, 3rd Floor, ....
Awaiting price reaction for this filing.
D S Kulkarni Developers has called its 34th AGM on 30th September 2025 at 3:00 PM at its registered office in Kothrud, Pune, to be held in physical mode. Three items are on the agenda: adopting audited standalone financial statements for FY25, re-appointing Mr. Sumit Ramesh Diwane as director who retires by rotation, and approving a material related-party transaction with Classic Promoters and Builders Pvt Ltd (CPBPL) capped at Rs. 200 crore for FY26 via loans and advances. The cut-off date for shareholder eligibility is 3rd September 2025. The company, which emerged from a 2019-2023 insolvency resolution process under a consortium led by Ashdan Properties, Classic Promoters & Builders and Atul Builders, swung to a net profit of Rs. 1,725.43 lakh in FY25 versus a loss of Rs. 888.32 lakh in FY24. No dividend has been recommended, and shares remain untraded in the Z category on BSE/NSE.
Shareholders should watch the related-party resolution, as CPBPL (linked to the company's promoters and two directors) could lend up to Rs. 200 crore, which supports business revival but also raises governance concerns. The FY25 swing to profit and the absence of any dividend, independent directors, and key board committees (Audit, Nomination & Remuneration, etc.) highlight that operational and governance recovery is still in progress.