This is to inform that the Board of Directors has approved the allotment of 5,00,000 equity shares allotted pursuant to conversion of share warrants issued on preferential basis.
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The Board of RDB Infrastructure And Power Ltd approved the allotment of 5,00,000 equity shares (face value Re. 1 each) to non-promoter allottee Punam Sarogi, pursuant to the conversion of warrants originally issued on 27 November 2024 on a preferential basis. The conversion price was Rs. 40.5 per share (including a premium of Rs. 39.5), and the company received the balance 75% amount of Rs. 1.51 crore from the allottee. Following this allotment, the company's paid-up equity capital has increased to Rs. 20.43 crore, comprising 20,43,84,000 equity shares of Re. 1 each. The newly issued shares will rank equally with existing shares. No warrants remain pending conversion for this allottee.
This is a minor equity dilution of roughly 0.24% (5 lakh new shares on a base of about 20.44 crore shares), bringing in Rs. 1.51 crore of fresh capital. For existing shareholders, the impact is small — the conversion was pre-committed and priced at a premium well above face value, with no further warrant overhang from this allottee.