The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Sanjay Surana & PACs
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Promoter Vishal Sanjay Surana, along with Persons Acting in Concert (Vanshikha Surana, Sanjay Babulal Surana, Sunita Sanjay Surana), filed a disclosure under SEBI SAST Regulation 29(2). Their shareholding percentage in RDB Real Estate Constructions dropped from 9.60% to 7.32% following the conversion of 62,50,000 share warrants into equity shares on 09.02.2026. The promoter group did not buy or sell any shares — their holding remained constant at 19,25,000 shares. The decrease in percentage is purely a dilution effect, as the company's total equity shares expanded from 2,00,58,400 to 2,63,08,400 due to the warrant conversion.
This is a routine passive disclosure triggered by warrant conversion, not a sale by the promoter group. Shareholders should note that the promoter group's effective voting influence has reduced to 7.32% purely from share dilution, leaving them with a modest stake well below the 50% mark.