Vinoth Kumar Mohanadas Increases Stake in Dugar Housing Developments to 54.74% Through Warrant Conversion

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.