Outcome of Board meeting held on 13th February, 2026.
Awaiting price reaction for this filing.
The Board of Directors of DS Kulkarni Developers approved unaudited standalone financial results for Q3 FY26 and the nine months ended December 31, 2025. The company reported zero revenue from operations in Q3 FY26 and for the nine-month period, with total income entirely comprising 'other income' of Rs 1,416.13 lacs in Q3 and Rs 4,228.95 lacs for nine months. Finance costs remain very high at Rs 1,420.97 lacs for the quarter, dragging the company into a small net loss of Rs 14.66 lacs in Q3 FY26, compared to a profit of Rs 4.02 lacs in the previous quarter. For the nine months, net profit fell sharply to Rs 36.47 lacs from Rs 452.10 lacs a year earlier. Other equity is deeply negative at Rs (13,806.20) lacs, indicating completely eroded net worth. The statutory auditors issued an unmodified (clean) limited review report.
Despite a clean audit review, the results highlight serious financial distress — no operational revenue, negligible profitability, massive finance costs and negative net worth. The company website (dskcirp.com) suggests it is undergoing Corporate Insolvency Resolution Process, which is a critical risk factor for shareholders.