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.

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.

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.

RDB Real Estate Constructions Limited has successfully completed the conversion of 27,75,000 equity warrants into equivalent equity shares on January 22, 2026. The Board of Directors approved the allotment following receipt of the balance payment from warrant holders under the preferential allotment scheme.

Warrant Conversion Details

The conversion involved 27,75,000 warrants from the non-promoter category, representing a portion of the total 1,78,30,000 warrants originally allotted in August 2025. The company received ₹18,13,80,937.00 as the balance amount, representing 75% of the issue price at ₹87.15 per warrant.

Impact on Share Capital

Following the warrant conversion, the company's capital structure has been significantly enhanced. The issued and paid-up capital increased to ₹20,05,84,000.00, consisting of 2,00,58,400 equity shares of ₹10 each. The newly allotted equity shares rank pari passu with existing equity shares, providing equal rights to the new shareholders.

Investor Participation

Nine non-promoter investors participated in the warrant conversion, with varying shareholding percentages post-conversion. The largest conversions were made by Sanjay Babulal Surana, Vishal Surana, and Sunita Sanjay Surana, each converting 5,00,000 warrants for ₹3.27 crores each.

Key Investor Details:

• Sanjay Babulal Surana: Converted 5,00,000 warrants, acquiring 2.49% shareholding
• Vishal Surana: Converted 5,00,000 warrants, acquiring 2.49% shareholding
• Sunita Sanjay Surana: Converted 5,00,000 warrants, acquiring 2.49% shareholding
• Vansikha Vishal Surana: Converted 4,25,000 warrants, acquiring 2.12% shareholding
• Umesh Parasmal Pagariya: Converted 2,50,000 warrants, increasing holding to 2.92%

Pending Warrant Conversions

The company disclosed that 1,50,55,000 warrants remain pending for conversion. These warrant holders retain the right to convert their warrants into equity shares by paying the remaining amount within 18 months from the original allotment date in August 2025. The original warrant allotment comprised 88,80,000 warrants allotted on August 13, 2025, and 89,50,000 warrants allotted on August 19, 2025.

Regulatory Compliance

The warrant conversion was conducted in accordance with SEBI (ICDR) Regulations, 2018, and disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting for approving the conversion was held from 3:00 PM to 4:00 PM on January 22, 2026, with Company Secretary Surabhi Kumari Gupta overseeing the compliance procedures.