Offer Document Dated March 13, 2006 (Comprising Letter of Offer for The Rights Issue Component and Red Herring Prospectus for The Public Issue Component to be updated upon filing with the ROC) Please read Section 60B of the Companies Act, 1956 (Public Issue through 100% Book Built Route) D. S. KULKARNI DEVELOPERS LIMITED (Incorporated on September 20, 1991 under the Companies Act, 1956) Registered & Head Office: DSK House, 1187/60, J. M. Road, Shivajinagar, Pune - 411 005 Tel: (020) 5604 7100, Fax: (020) 2553 5772; Contact Person: Shri Ashish Boradkar (Compliance Officer) E-mail:
[email protected]; Website: www.dskdl.com Composite Issue of 1,10,00,000 Equity Shares of Rs. 10/- each aggregating Rs. [z] (the "Issue") comprising: 1. Rights Issue of 55,00,000 Equity Shares of Rs. 10/- each for cash at a premium of Rs. 100 per Equity Share (i.e., at a price of Rs. 110 per share) aggregating Rs. 60,50,00,000 (Rupees Sixty crores and Fifty lacs only) to the existing Equity Shareholders of the Company in the ratio of One (1) Equity Share for every Two (2) Equity Shares held as on March 21, 2006 (Record Date). 2. Public Issue of 55,00,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. [z] per Equity Share aggregating Rs. [z]. The Issue comprises Promoters Contribution of 6,40,155 Equity Shares, a reservation for Employees of 1,10,000 Equity Shares of Rs. 10/- each and a net offer to the public of 47,49,845 Equity Shares of Rs.