Meeting Details
The 35th Annual General Meeting will be held on Thursday, 10th September 2026 at 11:30 AM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The proceedings 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 the venue of the AGM.
Proposed Resolutions and Implications
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 for sale of property and loans/advances up to ₹500 crores
4. To approve sale of property to Moonbrick Realty Private Limited (wholly owned subsidiary) for consideration up to ₹500 crores
5. To approve Material Related Party Transaction with Ashdan Township Ventures Private Limited for sale of property and loans/advances up to ₹500 crores
6. To approve Material Related Party Transaction with Ashdan Township Holdings Private Limited for sale of property and loans/advances up to ₹500 crores
All related party transactions are proposed to be carried out at arm's length basis and in the ordinary course of business of the Company.
Voting Process and Methods
The company is providing remote e-voting facility through 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). Shareholders 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.
For voting on the day of the AGM, the procedure is the same as for remote e-voting. Only those members who are present in the AGM through VC/OAVM facility and have not cast their vote through remote e-voting will be eligible to vote during the meeting.
Key Voting Outcomes and Scrutinizer Details
CS Saurabh Shukla, Practicing Company Secretaries (CP No. 17845 & Membership No. F11753), partner M/s. Saurabh Shukla & Associates has been appointed as the Scrutinizer to scrutinize the e-voting process. The Scrutinizer shall unblock the votes in the presence of at least two witnesses not in the employment of the Company and make a Scrutinizer's Report of the votes cast in favour or against.
The results will be declared on or after the AGM and placed on the Company's website www.dskcirp.com and on the website of NSDL within two working days from the conclusion of AGM, and communicated to the Stock Exchanges (NSE & BSE).
Compliance with Laws and Regulations
The AGM is being held in compliance with:
- Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA Circular No. 14/2020 dated April 8, 2020 and subsequent extensions
- SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 and subsequent extensions
- MCA Circular No. 17/2020 dated April 13, 2020
The company confirms that the notice and annual report have been uploaded on the company's website (www.dskcirp.com), stock exchange websites (BSE and NSE), and NSDL's e-voting website.
Financial and Operational Context
The company emerged from Corporate Insolvency Resolution Process (CIRP) pursuant to NCLT order dated June 23, 2023. For FY 2025-26, the company reported:
- Revenue from Operations: Nil (compared to ₹7,550.00 lakhs in previous year)
- Other Income: ₹5,617.32 lakhs
- Loss before tax: ₹(36.45) lakhs (compared to profit of ₹1,311.69 lakhs in previous year)
- The company has not recommended any dividend for the year
Additional Information
The company's shares were suspended from trading during FY 2025-26 but received approval for listing and admission to dealings effective from Monday, 3rd August 2026. Currently, 95% of equity share capital is held by promoters under lock-in until 31st August 2027, while 5% is freely tradeable.
The company has outstanding Non-Convertible Debentures of ₹44,186.31 lakhs as on 31st March 2026, with certain repayments made to Series I Retail NCD holders during the year.