Seller (acting through its trustees Mr. Ranjit Raghunathan and Mr. Umesh Kankaria) is the Non-Promoter shareholder of DS Kulkarni Developers Ltd ("the Company"). The Seller proposes to ....
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 (5.00% of the company's total share capital) through the stock exchange OFS mechanism. The floor price has been fixed at Rs. 10 per equity share. The sale will take place on December 05, 2025 for non-retail investors and December 08, 2025 for retail investors, with Motilal Oswal Financial Services acting as the Seller's Broker. The offer is being made to help the company achieve the minimum public shareholding requirement under SEBI rules. The context follows an NCLT Mumbai-approved resolution plan dated June 23, 2023, indicating the company is working towards meeting post-restructuring regulatory norms.
This is a non-promoter seller offloading shares to improve public float, not a promoter stake change. Existing shareholders may see mild dilution of any related-party holdings, and the very low floor price (Rs. 10) signals the stock is likely trading at very low levels, so investors should be cautious and review the company's financials before participating.