Radhe Developers India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/02/2026 ,inter alia, to consider and approve the allotment of 2,51,39,620 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Radhe Developers India Ltd has informed BSE that its Board of Directors will meet on February 2, 2026 to consider and approve the allotment of 2,51,39,620 equity shares (face value Rs. 1 each) on a preferential basis. These shares are to be allotted to Mr. Ashish P. Patel, the Managing Director and Promoter, against the conversion of an unsecured loan previously extended by him into equity shares. The allotment will be done under Chapter V of the SEBI ICDR Regulations, 2018. This is essentially a debt-to-equity swap where the promoter converts his existing loan exposure in the company into shareholding.
Existing shareholders (other than the promoter) will see their stake diluted since over 2.51 crore new shares will be issued to the promoter. The company does not receive any fresh cash, but its debt position improves as the unsecured loan is replaced by equity, which is positive for the balance sheet.