Acquisition of 100% equity stake in Westpole Spaces Private Limited; target becomes a wholly owned subsidiary

D S Kulkarni Developers has acquired 100% of the equity share capital of Westpole Spaces Private Limited in cash.

Mon 5 Oct 2026

Stake Acquired

100% of the equity share capital of Westpole Spaces Private Limited

Consideration Type

cash

Target Paid-up Capital

Rs. 10,000/-

Target Turnover

NIL

Subsidiary Status Effective Date

October 05, 2026

What the company announced

On October 05, 2026, D S Kulkarni Developers Ltd informed the exchanges that it has acquired 100% of the equity share capital of Westpole Spaces Private Limited (Westpole), a company registered in Pune, Maharashtra. As a result of this acquisition, Westpole has become a wholly owned subsidiary of the company with effect from October 05, 2026.

Key facts about the acquired entity

• Name: Westpole Spaces Private Limited
• Industry: Real Estate
• Paid-up capital: Rs. 10,000/-
• Turnover: NIL
• Incorporated on 19/04/2026 and, as stated in the update, has not commenced business operations yet
• Registered office: Pune, Maharashtra, India

Deal terms as disclosed

• Consideration: cash consideration
• Cost of acquisition and/or price at which the shares are acquired: Rs. 10,000/-
• Shareholding / control acquired: 100%
• Indicative time period for completion of the acquisition: 1 Month
• No governmental or regulatory approvals are required for the acquisition of shares in Westpole

Related party position

The update states that the transaction is not a related party transaction, and that the promoter, promoter group and group companies do not have any interest in the transaction.

Stated rationale

The company says the acquisition of Westpole will lead to business expansion and growth, as the objects of both companies align. The update also notes that Westpole belongs to the Real Estate industry.

What this means in simple terms

• Buying 100% of a company's equity means the buyer owns the entire company. That company then becomes a wholly owned subsidiary, and its financials are combined with the parent's.
• Here, the entity being acquired is newly incorporated and, per the update, has not started operations. Its paid-up capital is Rs. 10,000/- and its turnover is NIL.
• The amount paid for the acquisition is Rs. 10,000/- and the consideration is cash.
• The update gives an indicative time period of 1 Month for completion of the acquisition, and says the acquisition of shares in Westpole needs no governmental or regulatory approvals.

Points a shareholder may note

• The acquisition makes Westpole a wholly owned subsidiary, so the parent's group structure now includes this entity.
• The update describes the target as having a paid-up capital of Rs. 10,000/- and NIL turnover, and states it has not commenced business operations yet.
• Both the acquirer and the target are described as being in the same line of activity (Real Estate), with the company stating the objects of both entities align.

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