The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Parasmal Pagariya & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Umesh Parasmal Pagariya along with PACs (Sujata, Tejal, Raj, and Neel Pagariya) acquired 8,50,000 equity shares of RDB Real Estate Constructions Ltd on 22 January 2026 through the conversion of share warrants allotted on a preferential basis. The acquisition raised their aggregate holding in the company from 6,74,849 shares (3.90%) to 15,24,849 shares, representing 7.60% of the paid-up share capital and 4.34% of the diluted share capital. The filing clarifies that the acquirer and PACs do NOT belong to the promoter or promoter group of the company. The company's total equity share capital increased from Rs. 17.28 crore to Rs. 20.06 crore as a result of this preferential allotment.
This is a non-promoter acquisition that lifts the Pagariya group's stake closer to the 10% substantial acquisition threshold under SEBI SAST rules, meaning further purchases will attract additional disclosure and potentially open offer obligations. For existing shareholders, this represents fresh equity dilution from the warrant conversion, though the incoming holder is a non-promoter group which may not change management control.