RDB Real Estate Constructions Limited: Promoter shareholding decreases to 7.32% following warrant conversion

RDB Real Estate Constructions Limited has received a disclosure from promoter Vishal Sanjay Surana regarding a change in shareholding percentage following the conversion of share warrants into equity shares. The disclosure was submitted to BSE Limited on February 10, 2026, under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shareholding Change Details Vishal Sanjay Surana, along with his Persons Acting in Concert (PAC), reported that their shareholding percentage decreased to 7.32% following the allotment dated February 9, 2026. This change occurred upon the conversion of 62,50,000 share warrants into equity shares of the company. The PAC includes Vanshikha Surana, Sanjay Babulal Surana, and Sunita Sanjay Surana. Parameter: Before Conversion After Conversion Shareholding Percentage: 9.60% 7.32% Number of Shares: 19,25,000 19,25,000 Diluted Capital Percentage: 5.48% 5.48% Share Capital Changes The conversion of warrants resulted in significant changes to the company's share capital structure. The equity share capital increased substantially following the warrant conversion process. Capital Type: Amount Number of Shares Before Conversion: Rs. 20,05,84,000 2,00,58,400 shares After Conversion: Rs. 26,30,84,000 2,63,08,400 shares Total Diluted Capital: Rs. 35,11,34,000 3,51,13,400 shares Regulatory Compliance The disclosure was made as the change in voting rights exceeded the 2% threshold, requiring mandatory reporting under SEBI regulations. Vishal Sanjay Surana belongs to the promoter group of RDB Real Estate Constructions Limited, which is listed on BSE Limited. The mode of change was identified as "Change in Voting Rights Pursuant to Conversion of warrants into Equity Shares resulting decrease of voting rights more than 2%." Company Information RDB Real Estate Constructions Limited is headquartered at Bikaner Building, 8/1, Lal Bazar Street, 1st Floor, Room No. 11, Kolkata, West Bengal- 700001, India. The company's shares are listed on BSE Limited, and all equity shares carry a face value of Rs. 10 each. The disclosure document was digitally signed by Vishal Sanjay Surana from Surat on February 10, 2026. RDB Real Estate Constructions Limited has successfully secured a premium parking management contract from Municipal Corporation Bhopal, marking a significant business development for the Kolkata-based construction company. The contract award was disclosed to BSE Limited on February 5, 2026, in compliance with SEBI listing regulations. Contract Award Details The company participated in an online e-tender process initiated by Municipal Corporation Bhopal under tender RFP No. 2025_UAD_471513_1 dated January 1, 2026. RDB Real Estate Constructions Limited emerged successful by submitting the highest offer for the annual authorization amount. Parameter: Details Tender RFP No.: 2025_UAD_471513_1 Tender Date: January 1, 2026 Letter of Award Date: February 3, 2026 Award Received Date: February 4, 2026 Parking Package: BMCPP05 Annual Authorization Amount: ₹3.30 lakh Scope of Work The contract encompasses comprehensive parking management services under parking package BMCPP05. The awarded scope includes: Implementation of premium parking facilities developed by Municipal Corporation Bhopal Operation and maintenance of parking infrastructure Complete management of parking services Rights for premium parking facility management Financial Commitments The contract requires RDB Real Estate Constructions Limited to fulfill several financial obligations before work commencement. The company must arrange a performance security bank guarantee equivalent to the highest offer amount of ₹3.30 lakh as per RFP Part-VI requirements. Payment Component: Amount First Year Authorization: ₹3.30 lakh TCS (2%): ₹6,600 GST (18%): ₹59,400 Total Payment Required: ₹3.96 lakh The total amount of ₹3.96 lakh must be deposited online through RTGS/NEFT/Net Banking to the Commissioner Municipal Corporation Bhopal's designated bank account at Kotak Mahindra Bank, M.P. Nagar Branch, Bhopal. Contract Execution Requirements Before work order issuance, the company must complete specific documentation requirements: Contract agreement with prescribed stamp duty as per regulations Performance security bank guarantee in the prescribed format Payment confirmation for the first-year authorization amount with applicable taxes Submission of all required documents as specified in the tender conditions The Municipal Corporation Bhopal has indicated that the work order will be issued only after successful completion of all documentation and payment requirements. This contract represents RDB Real Estate Constructions Limited's expansion into municipal infrastructure management services, adding to its real estate and construction portfolio. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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