The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sheetal Dugar
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Sheetal Dugar, a member of the promoter group of RDB Real Estate Constructions Ltd, acquired 18,30,000 share warrants convertible into equity shares through a preferential issue on 13 August 2025. The warrants represent 6.994% of the total diluted share capital. After this acquisition, her total holding rises to 34,69,882 equity shares/warrants, which is 13.262% of the diluted share capital, up from 9.488% earlier. The diluted share capital of the company post-acquisition stands at Rs. 26.16 crore, comprising 2,61,63,400 equity shares of Rs. 10 each. The acquisition was done via preferential allotment, not through open market purchase.
This is a promoter-group strengthening of stake via preferential warrants, signaling insider confidence in the company. Since it is a preferential issue and not an open market purchase, it does not trigger an open offer obligation under SAST regulations, but it dilutes existing minority shareholders.