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Awaiting price reaction for this filing.
Radhe Developers held an Extra-ordinary General Meeting (EGM) on December 26, 2025 at its Ahmedabad office from 11:00 a.m. to 11:20 a.m. Two special resolutions were tabled and transacted: (1) approval of amendments to existing Loan Agreements, and (2) approval for issuance of equity shares to the promoter and promoter group against conversion of existing unsecured loans. Remote e-voting was conducted from December 23 to December 25, 2025, with a ballot box option also made available at the meeting. The meeting was chaired by Mr. Ashish Patel (Chairman, CEO & Managing Director), and Mr. Alkesh Jalan was appointed as Scrutinizer for the voting process.
The promoter loan-to-equity conversion will increase the promoter's shareholding and dilute existing non-promoter shareholders, while simultaneously reducing the company's unsecured debt burden. Loan agreement amendments could alter borrowing terms, interest costs, or lender covenants. Detailed voting results are awaited, which may move the stock in the short term.