Dugar Housing Developments Ltd has witnessed a significant change in its shareholding structure following a recent warrant conversion and preferential allotment. Vinoth Kumar Mohanadas, along with person acting in concert Suseela Kumarappan, have substantially increased their stake in the company.

Warrant Conversion and Share Acquisition

Vinoth Kumar Mohanadas and Suseela Kumarappan acquired a total of 27,00,000 shares in Dugar Housing Developments through the conversion of warrants into equity shares via preferential allotment. This strategic move has resulted in a substantial increase in their combined shareholding from 41.14% to 60.82% of the total shares.

Individual Shareholding Breakdown

• Vinoth Kumar Mohanadas now holds a 54.74% stake in the company, making him the largest individual shareholder.
• Suseela Kumarappan's stake stands at 6.08% following the transaction.

Impact on Company's Equity Structure

The warrant conversion has led to an expansion of Dugar Housing Developments' equity share capital:

Details of the Transaction

• Mode of Acquisition: Preferential Allotment – Conversion of Warrants into Equity Shares
• Date of Acquisition: 12.08.2025
• Stock Exchange: BSE Limited

Equity Rights

The newly issued equity shares resulting from the warrant conversion will rank equally with existing shares, including dividend rights. This ensures that the new shares have the same standing as the previously issued shares in all respects.

Promoter Status

It's important to note that despite the significant increase in shareholding, the acquirers, Vinoth Kumar Mohanadas and Suseela Kumarappan, are not part of the promoter group of Dugar Housing Developments.

This transaction marks a significant shift in the ownership structure of Dugar Housing Developments, with Vinoth Kumar Mohanadas emerging as a major stakeholder.

Dugar Housing Developments Ltd has announced a significant change in its shareholding structure following the conversion of warrants into equity shares. The move has resulted in a substantial increase in the stake held by Vinoth Kumar Mohanadas and person acting in concert Suseela Kumarappan.

Key Highlights

• Vinoth Kumar Mohanadas and Suseela Kumarappan have increased their combined shareholding to 60.82% in Dugar Housing Developments Ltd.
• The acquisition was made through the conversion of 27,00,000 warrants into equity shares via preferential allotment on August 12, 2025.
• Vinoth Kumar Mohanadas now individually holds 54.74% of the company's shares, while Suseela Kumarappan holds 6.08%.
• The company's equity share capital has increased from Rs. 7 crore (70,00,000 shares) to Rs. 9.7 crore (97,00,000 shares) following the conversion.

Shareholding Details

Impact on Company Structure

The conversion of warrants has led to a significant increase in the promoter group's stake in Dugar Housing Developments Ltd. This move strengthens their control over the company and may influence future decision-making processes.

Equity Share Capital

Following the conversion, the company's equity share capital has seen a substantial increase:

• Pre-conversion: Rs. 7,00,00,000 (70,00,000 shares of Rs. 10 each)
• Post-conversion: Rs. 9,70,00,000 (97,00,000 shares of Rs. 10 each)

Regulatory Compliance

The company has made the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in the shareholding changes.

Market Implications

This significant increase in promoter shareholding could potentially impact the stock's performance and investor sentiment. Market participants will be closely watching for any changes in the company's strategy or operations following this development.

The converted equity shares will rank equally with existing shares, including dividend rights, which may be of interest to current and potential investors.

Dugar Housing Developments Ltd may see increased attention from the market following this substantial change in its ownership structure. Investors and analysts will likely monitor the company's future performance and any strategic shifts that may result from this increased promoter stake.