Outcome of Board meeting held on 19th August, 2025 in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RDB Real Estate Constructions has allotted 89,50,000 convertible share warrants to promoter group entities (Ankur Constructions, Somani Estate, Veekay Apartment, Kusum Devi Dugar) and several non-promoter allottees on a preferential basis at Rs. 87.15 per share (face value Rs. 10 + premium Rs. 77.15), aggregating to about Rs. 156.7 crore. Only 25% upfront (Rs. 19.5 crore) has been received, with the balance due within 18 months upon conversion. This is the second tranche of a total approved issue of 1,79,80,000 warrants — 88,80,000 warrants were allotted earlier on 13th August 2025. Notably, the issue price was revised sharply upward from Rs. 36 to Rs. 87.15 due to mandatory SEBI pricing rules after 90 trading days of listing had elapsed.
Positive on confidence — promoters and related parties are infusing fresh capital into the company, signalling commitment. However, no immediate equity dilution since warrants are only partly paid; full dilution will occur over the next 18 months as balance payments are made and conversion happens.