Radhe developers (India) Limited has secured in-principle approval from BSE Limited for a significant preferential issue of equity shares to its promoters. The approval, dated January 27, 2026, marks an important step in the company's capital restructuring initiative involving conversion of unsecured loans into equity.

Issue Details and Structure

The BSE approval covers the issuance of 2,51,39,620 equity shares with specific pricing and conversion parameters:

The preferential issue involves conversion of existing unsecured loans into equity shares, providing the company with an opportunity to strengthen its capital structure while reducing debt obligations.

Regulatory Framework and Compliance

The approval has been granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the provisions of Chapter V of SEBI (ICDR) Regulations, 2018. BSE has emphasized that this in-principle approval should not be construed as approval for listing of the securities, which requires separate compliance procedures.

The company must ensure strict adherence to multiple regulatory frameworks including:

• Companies Act, 2013
• Securities Contracts (Regulation) Act, 1956
• SEBI Act, 1992
• Depositories Act, 1996
• SEBI (ICDR) Regulations, 2018
• SEBI (LODR) Regulations, 2015

Key Conditions and Requirements

BSE has outlined specific conditions that Radhe Developers must fulfill before proceeding with the allotment. The exchange has advised the company to strengthen internal controls to monitor trades executed by proposed allottees in the company's scrip to avoid non-compliances.

Critical requirements include:

• Obtaining undertakings from allottees confirming no intra-day trading in company scrip until allotment date
• Verification of compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
• Making listing application within twenty days from allotment date as per Schedule XIX of ICDR Regulations

Post-Allotment Obligations

Upon completion of the allotment, the company must submit a listing application without delay, along with applicable fees, in terms of Regulation 14 of the LODR Regulations. The company must also comply with post-issue formalities as specified by BSE.

Non-compliance with the twenty-day listing application requirement will attract penalties as mentioned in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. BSE reserves the right to withdraw the in-principle approval if any information is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations.

Company Information

Radhe Developers (India) Limited, incorporated in 1995 with CIN L45201GJ1995PLC024491, operates from its registered office at Radhe Acres, Shela, Ahmedabad, Gujarat. The company trades on BSE under script code 531273 and script ID RADHEDE. The approval notification was signed by Company Secretary and Compliance Officer Khyati Patel on January 28, 2026.

Radhe developers (India) Limited has formally notified BSE Limited about an upcoming board meeting scheduled for January 30, 2026. The meeting has been called in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to review and approve the company's quarterly financial performance.

Meeting Agenda and Financial Results Review

The primary agenda of the board meeting centers on the consideration and approval of the company's unaudited financial results for the quarter ended December 31, 2025. The meeting will also include the presentation of the Limited Review Report prepared by the company's statutory auditor, as mandated under Regulation 33 of the SEBI regulations.

Trading Window Restrictions

The company has implemented trading window restrictions in compliance with insider trading regulations. These restrictions were communicated to the exchange on December 27, 2025, and will remain in effect until 48 hours after the official announcement of the financial results for the quarter ended December 31, 2025.

Corporate Governance and Compliance

The board meeting notification was signed by Khyati K. Patel, Company Secretary and Compliance Officer (Membership No. A53258), demonstrating the company's adherence to corporate governance standards. The meeting may also address additional business matters that require board approval, subject to the Chairman's permission.

Radhe Developers (India) Limited, incorporated in 1995 with CIN L45201GJ1995PLC024491, operates from its headquarters at Radhe Acres in Ahmedabad, Gujarat. The company trades on BSE under scrip code 531273 and maintains its commitment to regulatory compliance and transparent financial reporting.