The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinod Dugar & PACs
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Promoter Vinod Dugar, along with persons acting in concert (Ankur Constructions Pvt Ltd, Somani Estate Private Limited, Veekay Apartment Private Limited), has filed a revised disclosure regarding the conversion of 62,50,000 share warrants into equity shares of RDB Real Estate Constructions Ltd on 09.02.2026. This conversion increased the promoter group's holding from 1,21,70,457 shares (60.67%) to 1,84,20,457 shares (70.02%) of the company's total equity share capital. The company's total share capital expanded from Rs. 20.05 crore to Rs. 26.30 crore (2,00,58,400 to 2,63,08,400 equity shares) as a result of this allotment. On a fully diluted basis, the promoter group's voting rights remain at 74.90% since the warrants were already counted in the diluted capital. The revised filing was made to correct a discrepancy flagged by BSE in the earlier disclosure.
This is a positive signal for existing shareholders as the promoter has increased its stake by converting warrants into equity, demonstrating strong promoter commitment. The higher promoter holding (70.02%) reduces free-float and could limit downside, though the resulting equity dilution has already played out in the share base.