This is in furtherance to our letter dated 27 November, 2024 and pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, we are enclosing herewith the resolution passed by circulation ....
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Awaiting price reaction for this filing.
RDB Infrastructure and Power's board approved the conversion of 2,50,000 warrants into equity shares on 18th August 2025 via a circular resolution. These warrants were originally allotted on 27th November 2024 on a preferential basis to non-promoters, and the allottees (Nikhil Rawat and Kajal Rawat, each holding 1,25,000 warrants) have now paid the balance 75% amount of Rs. 30.375 per warrant, totalling Rs. 75.93 lakhs, at the conversion price of Rs. 40.5 per share. As a result, the company's paid-up equity capital increased to Rs. 19.83 crore, comprising 19,83,84,000 equity shares of Re. 1 each. The newly issued shares will rank pari passu with existing shares. This filing is a follow-up to the company's earlier November 2024 warrant allotment of 6,86,25,000 warrants (post the 10:1 stock split effective February 2025).
Minor equity dilution for existing shareholders — 2.5 lakh new shares represent about 0.13% of the expanded share capital of ~19.84 crore shares. The company has received Rs. 75.94 lakhs in fresh capital from warrant holders. The remaining 6,83,75,000 warrants are still pending conversion, which could lead to further share issuance and dilution in the future.