D.S. Kulkarni Developers Limited appointed Shirish Kulkarni as the managing director of the company and bestowed upon him commensurate executive powers. Consequently, DS Kulkarni will no longer be the MD of the company and will not be a part of the day-to-day functioning of the company. Shirish is the son of DS Kulkarni, who will continue to be the company's chairman and be associated with it in non-executive capacity.