Allotment of Equity Shares pursuant to Conversion of Warrants.
Awaiting price reaction for this filing.
Dugar Housing Developments Limited (BSE: 511634) informed the stock exchange about its board meeting held on August 12, 2025, where it approved the allotment of 27,00,000 equity shares at Rs 12 each on conversion of warrants. The shares were allotted to two investors — Vinoth Kumar Mohanadas (24,30,000 shares) and Suseela Kumarappan (2,70,000 shares). Post-allotment, the company's paid-up equity capital increased from Rs 7 crore to Rs 9.70 crore, a rise of about 38.6%. The board also approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue for the quarter stood at Rs 1.57 lakh versus Rs 0.23 lakh in Q1 FY25, while the company posted a net loss of Rs 13.35 lakh (narrower than the Rs 16.67 lakh loss a year ago). The auditor's review report was clean with no qualifications.
Existing shareholders face dilution of roughly 28.6% as the share count rises materially without any operating business momentum — the company remains loss-making with negligible revenue, so this is mainly a capital infusion exercise rather than a sign of growth.