DS Kulkarni Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 08, 2014, inter alia, approved to offer, issue and allot non-convertible debt instruments in the form of secured, redeemable, non-convertible debentures to the public ("Debentures"), upto a maximum sum of Rs. 250 Crores (Rupees Two Hundred and Fifty Crores only) (including any right to retain oversubscription for issuance of additional Debentures) after complying with the relevant requirements and procedures.
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