Annual Report for the FY 2025-26 and Notice of 35th Annual General Meeting of the Company

Date: 19th August 2026 BSE Limited, The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (E), Mumbai – 400051 Reference: SCRIP Code: 523890; ISIN: INE891A01022; Security Symbol: DSKULKARNI Subject: Intimation regarding 35th Annual General Meeting (AGM), E-voting and Submission of Notice. Dear Sir/Madam, We would like to inform you that the 35th Annual General Meeting (“AGM”) of D S Kulkarni Developers Limited is scheduled to be held on Thursday, 10th September 2026 at 11.30 a.m. IST through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”). In compliance with provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is pleased to provide the remote e-voting facility to its shareholders to exercise their vote by electronic means through e-voting services provided by National Securities Depository Limited (NSDL) vide EVEN- 140908. The remote e-voting period shall commence on 07th September 2026 (09:00 AM IST) and end on 09th September 2026 (05:00 PM IST). During this period, shareholders of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date of 04th September 2026 may cast their vote electronically. Pursuant to Regulation 30 & 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find attached herewith the Annual Report for FY 2025-2026 containing the Notice of 35th AGM. The Annual Report for FY 2025-2026 along with the Notice of 35th AGM is also uploaded to the Company’s website at www.dskcirp.com. This is for your information and records. Thanking you, Yours faithfully, For, D S Kulkarni Developers Limited Bhushan Vilas Palresha Managing Director DIN: 01258918 Encl: As stated above ANNUAL REPORT OF D S KULKARNI DEVELOPERS LIMITED FOR THE FINANCIAL YEAR 2025-26 INDEX SR.NO PARTICULAR PAGE NO. 1 Notice of 35th Annual General Meeting 1-29 2 Board’s Report for FY 2025-26 30-50 3 Management Discussion and Analysis Report (Annexure 01) 51-58 4 Secretarial Audit Report (Annexure 02) 59-64 5 Corporate Governance Report (Annexure 03) 65-79 6 PCS Certificate on Corporate Governance (Annexure 04) 80 7 Certificate pursuant Regulation 17(8) and Regulation 62D (14) 81-82 OF SEBI (LODR) Regulations, 2015 (Annexure 05) 8 Corporate Policies & Codes (Annexure 06) 83-84 9 Audit Report 85-97 10 Standalone Financial Statements for FY 2025-26 98-125 NOTICE Notice is hereby given that the Thirty-Fifth Annual General Meeting (AGM) of the members of D S Kulkarni Developers Limited(‘Company’) will be held on Thursday, 10th September 2026 at 11:30 A.M (IST) through Video Conferencing (VC)/other audio video means (OAVM) to transact the following business: The proceedings of the AGM shall be deemed to be conducted at Sr. No 36/1/1, Office No.701, 7th Floor, Chordia Group, Baner, Pune 411045 which shall be deemed venue of the AGM. ORDINARY BUSINESS: 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. 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. SPECIAL BUSINESS: 3. To approve Material Related Party Transaction with Classic Promoters and Builders Private Limited, a related entity and in this regard to consider and if thought fit to pass the following resolution as Special Resolution: RESOLVED THAT pursuant to Section 180, 188 and other applicable provisions, if any of the Companies Act, 2013 and relevant Rules made there under (including any statutory modification(s) or re-enactment thereof, for the time being in force), in terms of Regulation 23 and 37A of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time, the Company's “Related Party Transactions Policy” for dealing with material related party transaction, relevant provisions of the Memorandum and Articles of Association of the Company, all other applicable laws and regulations, as amended, supplemented or re-enacted from time to time and subject to approvals, consents, permissions and sanctions of other authorities as may be necessary, the consent of Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to “Board”) to enter into material related party transaction by way of sell of property of the Company to M/s Classic Promoters and Builders Private Limited, (hereinafter referred as “CP&BPL”), Related Party’ under Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb) of the Listing Regulations on such terms and as may be agreed and related party transaction in the nature of transfer of any resources by way of loans and advances to meet its business objectives/ financial requirements (“Related Party Transactions”) on such material terms and conditions as detailed in the explanatory statement to this Resolution and as may be mutually agreed between CP&BPL and the Company, for the financial year 2026-27, such that the maximum value of the Related Party Transactions with CP&BPL, in aggregate, does not exceed Rs. 500 Cr (Rupees Five Hundred Crores Only), provided that the said contract(s)/arrangement(s)/ transaction(s) shall be carried out at arm’s length basis and in the ordinary course of business of the Company. RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to do all such acts, deeds, matters and things as it may in its absolute discretion consider necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in this regard.” RESOLVED FURTHER THAT a certified true copy of this resolution duly signed by any Director of the Company, be sent to the concerned authority, for their information & records.” 4. To consider, and, if thought fit, approve the sale of the property of Company to Moonbrick Realty Private Limited, Wholly owned subsidiary of the Company and to pass, with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to Section 180, 188 and other applicable provisions, if any of the Companies Act, 2013 and relevant Rules made there under (including any statutory modification(s) or re-enactment thereof, for the time being in force), in terms of Regulation 23 and 37A of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time, the Company's “Related Party Transactions Policy” for dealing with material related party transaction, relevant provisions of the Memorandum and Articles of Association of the Company, all other applicable laws and regulations, as amended, supplemented or re-enacted from time to time and subject to approvals, consents, permissions and sanctions of other authorities as may be necessary, the consent of Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to “Board”) to enter into material related party transaction by way of sell of property of the Company to M/s Moonbrick Realty Private Limited, (hereinafter referred as “Moonbrick”), Related Party’ under Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb [Showing first 8,000 characters — download PDF for full document]