Outcome of the Board Meeting held on today i.e., on 19th August, 2025 in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
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 89.5 lakh convertible share warrants to promoter group entities and non-promoter allottees at Rs. 87.15 per share (face value Rs. 10, premium Rs. 77.15). This is the second tranche of an overall approved issue of 1.79 crore warrants; 88.8 lakh warrants were already allotted on 13th August 2025. About Rs. 19.5 crore (25% of the consideration) has been received from allottees, with the balance due within 18 months on conversion into equity. The issue price was revised upward from the originally proposed Rs. 36 to Rs. 87.15 because SEBI's 90-trading-day pricing rule kicked in by the time of in-principle approval from BSE. No immediate increase in paid-up equity capital will occur until warrants are actually converted.
This is a fund-raising move by promoters and select investors that will bring in fresh capital once warrants are converted, causing potential future dilution. Existing shareholders should note that paid-up capital is unchanged for now, but conversion within 18 months will dilute their holdings. The sharp upward revision in the issue price (from Rs. 36 to Rs. 87.15) means allottees are paying a much higher price than originally planned, which could be viewed as a positive signal of demand, though it also means the company is raising less equity than it would have at the lower price.