DS Kulkarni Developers: Share Transfer Formalities Completed Post-NCLT

DS Kulkarni Developers Ltd announced the completion of share transfer formalities for 94,99,994 equity shares from Ashdan Properties Private Limited (seller) to Ashdan Township Holdings Private Limited (acquirer). The transfer, initially intended for March 6, 2024, was delayed due to the company's Corporate Insolvency Resolution Process (CIRP) under NCLT. Trading approval was received on July 31, 2026, with shares transferred on August 20, 2026. This is an inter-se transfer within the promoter group and does not constitute a new transaction. The shares remain subject to lock-in restrictions until August 31, 2027.