The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yashaswi Dugar
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Yashaswi Dugar, a member of the promoter group of RDB Real Estate Constructions Limited, has been allotted 17,00,000 share warrants on a preferential basis, dated 18 August 2025. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months from the date of allotment. The warrants represent 9.836% of the current voting share capital and 6.497% of the fully diluted share capital of the company. After this acquisition, the promoter's total holding stands at 17,00,055 shares/warrants, up from just 55 shares held earlier. The company's current equity share capital is Rs. 17.28 crore (1.72 crore shares), and the total diluted capital post-acquisition will be Rs. 26.16 crore (2.61 crore shares).
This is a positive signal of promoter commitment, as the promoter is investing fresh capital into the company, which may boost investor confidence. However, the warrants are not yet equity, so voting rights and per-share metrics remain unchanged until conversion. Shareholders should also be aware of potential dilution once the warrants are exercised within 18 months.