DS Kulkarni Developers Approves Acquisition of Moonbrick Realty for Business Expansion; Appoints New Company Secretary
DS Kulkarni Developers Limited has announced a significant move toward business expansion by approving the acquisition of 100% equity stakes in M/s. Moonbrick Realty Private Limited. The Board meeting, held on July 7, 2026, also authorized the appointment of CS Rishika Verma as the new Company Secretary and Compliance Officer.The approval pertains to entering into a Share Purchase Agreement (SPA) concerning the acquisition of Moonbrick, a company incorporated in Pune, Maharashtra. This move aims to bring Moonbrick under the umbrella of DS Kulkarni Developers Limited as a wholly owned subsidiary.
Acquisition Details: Moonbrick Realty Private Limited
Moonbrick Reality Private Limited is an entity in the Real Estate industry. The transaction involves acquiring 100% of its shares. Given that Moonbrick was incorporated on February 19, 2026, and has not yet commenced business operations, the acquisition is being undertaken with nil consideration, and the cost of acquisition stands at Nil.Key details regarding the proposed acquisition are as follows:
| Particulars | Details |
|---|---|
| Name of Target Company | M/s. Moonbrick Realty Private Limited (CIN: U68100PN2026PTC252347) |
| Industry | Real-Estate |
| Acquired Shareholding | 100% |
| Consideration / Cost | Nil |
| Indicative Time Period for Completion | 1 Week |
The transaction is characterized as a related party transaction, though the Company affirmed that it is being conducted on an arm's length basis. While common promoters exist, the promoter group and other group companies do not possess any interest in Moonbrick.
Appointment of Chief Secretary
In addition to the acquisition approval, the Board sanctioned the appointment of CS Rishika Verma as the Company Secretary and Compliance Officer. Ms. Verma was appointed on July 7, 2026.Details concerning the appointed officer are summarized below:
| Particulars | Details |
|---|---|
| Name of Appointment | CS Rishika Verma |
| Membership No. | A66507 (ICSI) |
| Date of Appointment | July 07, 2026 |
| Professional Profile | Ms. Verma holds five years of post qualification experience as a company secretary and compliance officer in listed companies, with expertise spanning Securities Laws and the Companies Act. |
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