RKEC Projects Limited has informed the Exchange regarding Outcome of Board Meeting held on July 08, 2025.
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The board of RKEC Projects Limited, at its meeting on July 8, 2025, approved the conversion of a loan of Rs. 15,00,60,000 (approximately Rs. 15 crore) from promoter Shri Garapati Radhakrishna into 18,30,000 equity shares via preferential allotment. After this conversion, the promoter's total shareholding will stand at 1,71,37,665 shares, representing 66.37% of the company's post-preferential share capital. This is essentially a debt-to-equity swap where the promoter is converting his existing loan into equity, rather than fresh capital infusion.
No fresh cash comes into the company since the loan is being converted into shares; this strengthens the balance sheet by replacing debt with equity and further consolidates the promoter's controlling stake at over 66%, which could be viewed as a positive signal of promoter commitment but may also reduce public float.