The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Khatod Investments & Finance Co Ltd
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Khatod Investments & Finance Company Ltd, part of the promoter/promoter group of RDB Infrastructure and Power Ltd, filed a disclosure under SEBI SAST Regulations. The change was triggered by the conversion of warrants into equity shares of RDB on 6 June 2025, which increased the company's total equity share base from 17.28 crore to 19.76 crore shares. Khatod's shareholding stayed the same in absolute terms at 2,96,06,250 shares, but its voting percentage fell from 17.13% to 14.98% of total equity (more than 2% decline). On a fully diluted basis, its holding remained unchanged at 12.26%, since the warrant conversion was already factored into the diluted figure.
This is not a sale or buy by the promoter entity; the reduction in percentage is purely a passive dilution caused by the company issuing new shares on warrant conversion. Existing shareholders, including promoters, see their proportional stake fall automatically, but no promoter shares have been sold. The warrant conversion is broadly neutral for retail investors and indicates the company has moved forward with previously committed equity issuance.