Vinoth Kumar Mohanadas Boosts Stake in Dugar Housing Developments to 54.74% via Warrant Conversion
Vinoth Kumar Mohanadas and Suseela Kumarappan have significantly increased their stake in Dugar Housing Developments Ltd through a warrant conversion and preferential allotment. Their combined shareholding has risen from 41.14% to 60.82%, with Mohanadas now holding 54.74% and Kumarappan 6.08%. The company's equity share capital expanded from Rs. 7.00 crore to Rs. 9.70 crore, increasing the total number of shares from 70,00,000 to 97,00,000. The transaction, completed on 12.08.2025, involved the acquisition of 27,00,000 shares. Despite their increased stake, the acquirers are not part of the promoter group.
14Aug 25
Vinoth Kumar Mohanadas Increases Stake in Dugar Housing Developments to 54.74% Through Warrant Conversion
Dugar Housing Developments Ltd announced a significant change in its shareholding structure following the conversion of 27,00,000 warrants into equity shares. Vinoth Kumar Mohanadas and Suseela Kumarappan increased their combined stake to 60.82%, with Mohanadas now holding 54.74% and Kumarappan 6.08%. The company's equity share capital increased from Rs. 7 crore to Rs. 9.7 crore. This move strengthens the promoter group's control over the company and may influence future decision-making processes.