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

1 min read Updated on 11 Feb 2026, 04:04 PM

Reviewed by

Radhika SScanX News Team

Overview

Vishal Sanjay Surana's shareholding in RDB Real Estate Constructions Limited decreased to 7.32% from 9.60% following the conversion of 62,50,000 share warrants into equity shares on February 9, 2026. The company's equity share capital increased from Rs. 20,05,84,000 to Rs. 26,30,84,000, while total diluted share capital stands at Rs. 35,11,34,000. The disclosure was made under SEBI (SAST) Regulations as the voting rights change exceeded 2%.

*this image is generated using AI for illustrative purposes only.

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%."

RDB Real Estate Constructions Limited Wins Premium Parking Management Contract from Municipal Corporation Bhopal

1 min read Updated on 05 Feb 2026, 03:58 PM

Reviewed by

Naman SScanX News Team

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Overview

RDB Real Estate Constructions Limited has been awarded a premium parking management contract by Municipal Corporation Bhopal under tender RFP No. 2025_UAD_471513_1. The company submitted the highest annual authorization offer of ₹3.30 lakh for parking package BMCPP05, covering implementation, operation, maintenance and management of premium parking facilities. The contract requires fulfillment of documentation and payment obligations totaling ₹3.96 lakh including taxes before work order issuance.

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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.

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