The Exchange and Investors are hereby informed that Boards of Directors of the Company at thier meeting held today i.e. December 27,2025 had approved allotment of of 5,91,54,92,940 (Five ....
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Dhenu Buildcon Infra's Board, at its meeting on December 27, 2025, approved the allotment of 591.55 crore equity shares (face value ₹1) at ₹1.42 per share (including a ₹0.42 premium) on a preferential basis to 6 non-promoter allottees, converting outstanding unsecured loans of roughly ₹840 crore into equity. The largest allottee is Twinkle Mercantiles & Credits Pvt Ltd (130.28 crore shares, 21.96%), followed by Golkonda Aluminium Extrusions, Shanta Agencies, and Tiaan Consumer (each ~19%), Shri Niwas Leasing (13.65%), and Utsav Securities (7.12%). None of these entities held shares in the company before this allotment — collectively they now own virtually the entire post-issue shareholding. The Board had originally approved the plan on July 21, 2025, shareholders cleared it at the August 18, 2025 AGM, and BSE granted in-principle approval on December 15, 2025.
This is a massive dilution event — existing shareholders are being heavily diluted as ~591.55 crore new shares enter the register, and the company changes hands from promoters to a consortium of 6 non-promoter entities that now hold nearly 100%. While the loan-to-equity swap reduces liabilities, the sheer scale of issuance and the complete change in ownership profile mean existing public shareholders face steep dilution and a likely shift in management control. The stock price may react sharply given the transformative change in shareholding structure.