Vinoth Kumar Mohanadas Boosts Stake in Dugar Housing Developments to 54.74% via Warrant Conversion Aug 18, 2025
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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.