Radhe developers (India) Limited has secured a significant regulatory milestone with BSE Limited's in-principle approval for listing equity shares on a preferential basis. The approval represents a major step in the company's capital restructuring initiative involving the conversion of unsecured loans into equity.

Listing Approval Details

BSE Limited issued the in-principle approval letter on February 13, 2026, with reference number LOD/PREF/MV/FIP/1695/2025-26. The approval covers the listing of equity shares under the company's script code 531273 and script ID RADHEDE.

Regulatory Framework

The preferential allotment has been structured in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. This regulatory framework governs the issuance of securities on a preferential basis to specific investors, including promoters.

Corporate Disclosure

The company fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Khyati Patel, with membership number A53258, signed the regulatory filing on behalf of Radhe Developers (India) Limited.

Transaction Structure

The approved equity shares will be allotted to promoters as part of a loan conversion mechanism. This structure allows the company to convert existing unsecured loans into equity capital, potentially strengthening its balance sheet by reducing debt obligations and increasing equity base. The preferential basis ensures that the shares are allocated to specific promoter entities rather than through a public offering process.

Radhe Developers (India) Limited has submitted mandatory regulatory disclosures to BSE Limited under SEBI insider trading and takeover regulations following the completion of its preferential allotment. The company filed Form C under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 and disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 on February 03, 2026.

Preferential Allotment Completion Details

The company completed the allotment of 2,51,39,620 equity shares to promoter Mr. Ashish P. Patel following the board meeting held on February 02, 2026. The allotment was executed under BSE's in-principle approval reference LOD/PREF/MV/FIP/1588/2025-26.

Shareholding Pattern Changes

The preferential allotment has resulted in significant changes to the promoter's shareholding pattern. Mr. Ashish P. Patel's stake has increased from 20.16% to 23.82% of the company's total equity capital.

Regulatory Compliance Framework

The transaction was executed through conversion of unsecured loans into equity under Chapter V of SEBI (ICDR) Regulations, 2018. Company Secretary Khyati K. Patel submitted the regulatory filings, ensuring compliance with multiple frameworks including the Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, and SEBI Act, 1992.

The allotted shares rank pari-passu with existing equity shares in all respects. The company must fulfill post-allotment obligations including submission of listing application within twenty days from the allotment date as per Schedule XIX of ICDR Regulations to avoid penalties under SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094.

Company Profile

Radhe Developers (India) Limited, incorporated in 1995 with CIN L45201GJ1995PLC024491, operates from Radhe Acres, Shela, Ahmedabad, Gujarat. The company trades on BSE under script code 531273 and has completed this significant capital restructuring initiative to strengthen its financial position through debt-to-equity conversion.