DS Kulkarni Developers MD, chairman and AGM

NSE: DSKULKARNIBSE: 523890RealtySmall Cap

DS Kulkarni Developers Limited · Face value ₹10 · Listed Sep 1993 on BSE, Feb 1995 on NSE
Last close ₹36.43up ₹0.71 (1.99%)

Share price at the NSE close on 29 Oct 2026. Previous close ₹35.72.

29 Oct: open ₹36.43, high ₹36.43, low ₹36.43

Market cap
₹36 Cr3,709th largest listed
P/E
Lossover the last 12 months
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
−0.1%
Debt to equity
Net worth zero or below
Volume, NSE
56

DS Kulkarni Developers' chairperson and managing director is BHUSHAN VILAS PALRESHA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 10 Sep 2026.

DS Kulkarni Developers board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorBHUSHAN VILAS PALRESHA

3 directors1 executive2 non-executive

  • BHUSHAN VILAS PALRESHA · Chairperson and managing directorExecutive · joined Aug 2023 · 2 listed boards
  • SUMIT RAMESH DIWANENon-executive · joined Aug 2023 · 2 listed boards
  • POOJA PRAVEEN SHUKLANon-executive · joined Mar 2024 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 Aug 20263 of 3 present0 independent · 12 days in between
    • 1 Aug 20263 of 3 present0 independent · 24 days in between
    • 7 Jul 20263 of 3 present0 independent · 37 days in between
    • 30 May 20263 of 3 present0 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • A R T H A & AssociatesPeer-review certificate valid to Dec 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

DS Kulkarni Developers AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.DS Kulkarni Developers dividend history

Annual general meeting, 10 Sep 2026

4,490 shareholders on the register on 4 Sep 2026; present: 7 promoters and 10 others; votes counted by MR. SAURABH SHUKLA / SAURABH SHUKLA AND ASSOCIATES.The company's voting result

  1. To review, consider and adopt the Audited Standalone Financial Statement of the Company for the year ended 31st March 2026 along with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 95.01% · promoters 100.00% · institutions 0.00% · other public 0.11%

  2. To appoint a director in place of Sumit Ramesh Diwane (DIN: 10076052), who retires by rotation and being eligible for re-appointment, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.81%

    Turnout: all 95.01% · promoters 100.00% · institutions 0.00% · other public 0.11%

  3. To approve Material Related Party Transaction with Classic Promoters and Builders Private Limited, a related entity
    SpecialPromoters have an interest in it
    96.19% for3.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.81%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.11%

  4. To approve Material Related Party Transaction with Ashdan Township Ventures Private Limited, a related party of the Company
    SpecialPromoters have an interest in it
    96.19% for3.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.81%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.11%

  5. To approve Material Related Party Transaction with Ashdan Township Holdings Private Limited, a related party of the Company
    SpecialPromoters have an interest in it
    96.19% for3.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.81%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 4 resolutions

8 shareholders on the register on 14 Aug 2025; present: 7 promoters and 1 others; votes counted by SAURABH SHUKLA / SAURABH SHUKLA AND ASSOCIATES.The company's voting result

  1. Adoption of the Audited Standalone Financial Statements and Report of the Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

  2. Appointment of Sumit Ramesh Diwane (DIN: 10076052), who retires by rotation as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

  3. Approval of Material Related Party Transaction with Classic Promoters and Builders Private Limited, a related entity
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 5.00% · promoters 0.00% · institutions 100.00% · other public 0.00%

  4. Appointment of M/s. Saurabh Shukla and Associates as Secretarial Auditor of the Company for one term of five consecutive years i.e. from the conclusion of 34th Annual General Meeting (AGM) till the conclusion of 39th AGM and to fix their remunerationMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 3 resolutions

Present: 7 promoters and 1 others.

  1. Adoption of the Audited Standalone Financial Statements and Report of the Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

  2. Appointment of Bhushan Vilaskumar Palresha (DIN: 01258918), who retires by rotation as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

  3. Approval of Material Related Party Transaction with Classic Promoters and Builders Private Limited, a related entity
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 5.00% · promoters 0.00% · institutions 100.00% · other public 0.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 6 Jun 2024, 1 resolution

Present: 7 promoters and 1 others.

  1. Approval of the sale of property of the Company to M/s. Marcom Realty LLP pursuant to provision of section 180 and 188 of the Companies Act, 2013 and Regulation 23 and 37A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015.MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 5.00% · promoters 0.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 4 Jun 2024, 1 resolution

Present: 7 promoters and 1 others.

  1. Appointment of Ms. Pooja Praveen Shukla (DIN: 07234687) as a Non-Executive Women Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Dec 2023, 1 resolution

Present: 7 promoters and 1 others.

  1. Adoption of the Revised Audited Standalone Financial Statements and Report of the Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Nov 2023, 8 resolutions

Present: 7 promoters and 1 others.

  1. Change in name of the Company from “D S Kulkarni Developers Limited to “Aloud Developers Limited”
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. Appointment of Mr. Bhushan Vilaskumar Palresha (DIN: 01258918) as a Managing Director of the Company for the period of Five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of Mr. Sumit Ramesh Diwane (DIN: 10076052), as Non-Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. Appointment of Mr. Umesh Shankarlalji Kankaria (DIN: 08039396), as Non-Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. Approve the overall limit of Rs. 3,000 Crores to create charge on the assets of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  6. Approve the overall borrowing limit of Rs. 3,000 Crores pursuant to Section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  7. Approve the overall limit of Rs. 3,000 Crores provide a Loan, Guarantee or Security to any other person in whom the Director of the Company is interested pursuant to Section 185 of the Companies Act, 2013MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  8. Approve the overall limit of Rs. 3,000 Crores making investments / extending loans and giving guarantees or providing securities in connection with loans to Persons / Bodies Corporate pursuant to Section 186 of the Companies Act, 2013MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Sep 2022, 2 resolutions

Present: 0 promoters and 5 others.

  1. To receive, consider and adopt: a. the Standalone Audited Financial Statements of the Company for the year ended March 31, 2022, together with the reports of the Board of Directors’ and Auditor’s thereon; and b. the Audited Consoli-dated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Report of the Auditor’s thereon.MoreLess
    Ordinary
    52.43% for47.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.57%

    Turnout: all 0.21% · promoters 0.00% · institutions 0.00% · other public 0.39%

  2. To appoint M/s. P P S C O & Associates., Chartered Accountants, (ICAI Firm Registration No. 107356W), as Statutory Auditors of the Company in place of M/s. R.C. Jain & Associates LLP, the retiring Statutory Auditors, to hold office from the conclusion of this Annual General Meeting, until the conclusion of Thirty-Fifth Annual General Meeting to be held in the year 2027 on such remuneration as may be decided by the Resolution Professional and Committee of Creditors thereof.MoreLess
    Ordinary
    52.42% for47.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.58%

    Turnout: all 0.21% · promoters 0.00% · institutions 0.00% · other public 0.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtMoonbrick Realty Private LimitedSince 13 Jul 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Fine or penaltyNational Stock Exchange of IndiaSince 31 Aug 2026

    Fine

    Delay in filing of Shareholding Pattern by 1 day

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
11Dec 2411Mar 2500Jun 2500Sep 2500Dec 2522Mar 2600Jun 2602Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
None open at any quarter's end.
The board is made up as the listing rules require
No
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.